Tuesday, April 05, 2011

Toronto Real Estate Board Resale activity April report for March 2011

This is the latest report from the Toronto Real Estate Board on resale activity for March 2011 Sales When comparing with the same month in 2010 the number of sales are lower by 11% and the prices are up 5% to $456,147 All the Best! Mark GTA REALTORS(r) Report Monthly Resale Housing Market Figures

TORONTO, April 5, 2011 -- Greater Toronto REALTORS(r) reported 9,262 transactions through the TorontoMLS(r) system in March 2011, representing the second best March result on record. The number

of transactions was 11 per cent lower than the record result reported in March 2010.

"The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

"Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis. Median Price In March, the median price was $385,000, from the $370,000 recorded during March of 2010.

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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