The Toronto Real Estate Market had 9,041 home sales for the month of April 2011. Even though this is 17% less than record-breaking April 2010 when sales spiked to 10,898, this months sales are still up 12% from April 2009. The Spring market has arrived!
Jason Mercer, TREB’s Senior Manager of Market Analysis, says “The number of listings has been below expectations so far this year. Increased competition between home buyers has led to an accelerating annual rate of price growth.” Also “The strong price growth experienced in April should result in more listings and more balanced market conditions.”
- The average selling price for all homes in all TREB districts in April 2011 was $477,407 – up nine per cent in comparison to the April 2010 average selling price of $437,600.
- Average days on market was 22, up marginally from 21 days a year ago.
- Average sales to listings ratio was 52% , slightly better than the 47% from a year earlier. This is still an unusually high percentage of sales for the market as a whole – and it’s a strong indicator that there’s still lots of demand.
East End Toronto Real Estate Statistics for April 2011
While it’s important to track what the market is doing in the GTA, my focus is on the East End Toronto Real Estate Market, specifically districts E01, E02, and E03, which include The Beaches, Leslieville, Riverdale and Danforth Village, Danforth Mosaic and East Danforth.
E01 (Leslieville / Riverdale)
E01 had 100 sales, with 122 active listings at the end of the month, or a sales to listings ratio of 82% and an average price of $570,711. Average days on market – 11. The average Seller received 105% of asking price!
E02 (Beaches/Danforth Village)
E02 saw 106 sales, with only 91 active listings at the end of the month. That's an unheard of sales to listings ratio of 116% ! The average price for all homes/condos was $644,578, and the average home received 102%$ of ask. Average days on market – 12.
E03 (Riverdale/Danforth Village)
E03 saw 127 properties sold, with 202 active listings at the end of the month, or a sales to listings ratio of 63% and an average price of $458,424. Average days on market – 14. The average percent of listing price was also 102%.
How do East End Toronto Markets Compare to the Rest of the GTA?
It's difficult to break out statistics by homeowner neighbourhoods. We don't yet have universally agreed upon boundaries for Beaches, Riverdale, Leslieville and Danforth Village. But if you take the larger TREB districts of E01, E02 and E03, it's obvious these areas continue to surpass most other markets in Toronto. East End Toronto (E01, E02, E03) sales to listings ratios were 82%/ 116%/63% respectively. Total TREB sales to listings were 52%.
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For the full Toronto Real Estate Market Statistics report, April 2011, see below for the ‘Slide-Share’ presentation. Use arrows to scroll through the presentation.