Tuesday, April 19, 2011

GTA Real Estate Mid Month resale homes

This report below is the latest report from TREB showing the mid month sales are down as are listings. Still an exceptionally strong market in Mississauga and western GTA


All the best,


Mark


GTA REALTORS(r) RELEASE MID‐MONTH RESALE HOUSING FIGURES


TORONTO, APRIL 18, 2011 ‐‐ Greater Toronto REALTORS(r) reported 4,444 sales during the first two weeks of April 2011 -a three per cent decrease compared to the first two weeks of April 2010. The number of new listings was down by 21 per cent compared to the same period last year.


"ales activity was quite strong during the first two weeks of April. If this level of activity is sustained for the remainder of the month, we could see April transactions close to last year' record result. Positive economic news has kept households confident in their ability to purchase and pay for a home over the long term,"said TREB President Bill Johnston.


The average selling price for firm deals reported through the first two weeks of April was $483,165, representing a 12 per cent increase over the average price of $430,271 reported during the same period last year.


"he number of homes listed for sale so far in 2011 has been below expectations. Market conditions have tightened, resulting in increased competition between home buyers and accelerating rates of average price growth,"said Jason Mercer, TREB' Senior Manager of Market Analysis.


"he strong rate of price growth reported for the first two weeks of April should entice more households to list their homes for sale. This would result in more balanced market conditions and more moderate rates of price growth,"continued Mercer.


I hope this finds you Happy and Healthy!


All the Best!


Mark



A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
BUS 905-828-3434
FAX 905-828-2829 CELL 416-520-1577
mark@mississauga4sale.com
Mississauga4Sale.com


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