Toronto Record Home Sales in April

Posted on: May 12th, 2016

You’ve no doubt heard about bidding wars and a hot real estate market these past few weeks.

Check out this month’s market watch which breaks down the sales for the month of April and what you can expect in the coming months.

Toronto Real Estate Board President Mark McLean announced that there were 12,085 sales reported through TREB’s MLS® System in April 2016. This result, which represented a record for the month of April, was up by 7.4 per cent in comparison to April 2015.

For the TREB market area as a whole, annual sales growth was experienced for all major home types except semi-detached houses. In the City of Toronto, sales were down for detached and semi-detached houses as well as townhouses on a year-over-year basis. This dip in sales in the ‘416’ area code was due to a lack of low-rise listings. Many would-be buyers were not able to find a home that met their needs.

“As we move into the busiest time of the year, in terms of sales volume, strong competition between buyers will continue to push home prices higher. A greater supply of listings would certainly be welcome, but we would need to see a number of consecutive months in which listings growth outpaced sales growth before market conditions become more balanced,” said Jason Mercer, TREB’s Director of Market Analysis.

But that is only a snapshot of what happened in the GTA. If you are looking for Etobicoke Real Estate stats for your local area, I have you covered.

Here is a snapshot of solds in the month of April for Single Family Homes:

District        Active              Sold/Mth                     Sold/Year                   Avg$/Mth

W06               301                      167                                 501                               $559,799

W07                37                         43                                  120                              $903,767

W08              282                      222                                 622                              $753,236

Area Total: 620                      432                                1243

How did your market do? Do you have questions about your home and wonder where it falls within theses stats?

For more detailed information on your area or more specifically on your own home, I invite you to give me a call or send me an email.

PART OF MY JOB AS YOUR REALTOR® IS TO PROVIDE YOU WITH UP TO DATE LOCAL MARKET STATISTICS SO YOU ARE KEPT IN THE KNOW ABOUT YOUR HOME’S WORTH.

THIS INFORMATION IS CRITICAL IN MAKING A DECISION IF YOU ARE THINKING ABOUT WHETHER NOW IS A GOOD TIME TO SELL, BUY OR JUST ENJOY YOUR HOME FOR MANY YEARS TO COME!

DO YOU KNOW HOW TO GET AHEAD OF YOUR COMPETITION WHEN LOOKING FOR HOMES? DOWNLOAD MY WEALTH BUILDING REPORT AND LEARN MY 3 SECRET SIGNATURE STRATEGIES YOU MUST HAVE IN PLACE BEFORE YOU EVEN LOOK AT ANY HOMES HERE.

 

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