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John Helfrich, Broker, Real Estate Homeward , Brokerage | 416.698.2090 | Direct: 416.464.8920 | John@EastEndTorontoHomes.com

Toronto Real Estate Market Statistics for July 2011

August 5, 2011

TREB Sale Prices July 2011

Toronto Real Estate Statistics July 2011

Number of Sales (all TREB districts)

The Toronto Real Estate Board called this July's 7,922 sales 'a substantial rebound' over last years 6,425 sales, showing a solid 23% increase. Although still not as strong as June's 10,230 sales, it put the Board on track for an annual number of about 90,000 sales in 2011. The short supply of listings continues to put upwards pressure on prices.

Average Prices (all TREB districts)

The average price of an MLS listed home sold in the GTA in July was $459,122 – nearly 10 per cent more than the July 2010 price of $418,675.

“Tight market conditions have boosted the annual rate of price growth this year" says Jason Mercer, TREB's Senior Manager of Market Analysis. He expects that to change in 2012 though, and suggests price growth will slow down to more moderate levels.

  • TREB Real Estate Listings in the GTA were on the market an average of 26 days (DOM), a full week less than a year ago.
  • Average sales to listings ratio was 45% , far better than the 30% from a year earlier. This is an unusually high ratio of sales to listings for the entire GTA market. But as much as there is strong demand, there are also a shortage of listings as well.

Starting with this post we can now report on '416' statistics as well as the combined GTA numbers.

Toronto Only (not the entire GTA) Real Estate Statistics for July 2011

District Active Sales % S - A Avg. Price Avg. DOM
Toronto '416' area 6,928 3,072 44% $475,717 24

East End Toronto Real Estate Statistics for July 2011

I like to provide the entire GTA Real Estate Market statistics because they present a good idea of overall trends. But the area is so large that it creates a distorted picture of the local 'micro-markets'. My personal focus is on the East End Toronto Real Estate Market, better known as districts E01, E02, and E03.

How East End Toronto Markets Compare to the Rest of the GTA

District Active Sales % S - A Avg. Price Avg. DOM
E01 120 67 56% $575,003 14
E02 84 71 85% $624,583 15
E03 150 91 61% $447,690 21
TOTALS 354 229 65% $535,498

Toronto Real Estate Board 'Redistricting' Program

No one ever describes their neighbourhood as E01 or E02. We live in The Beaches, or Leslieville or Riverdale, or Danforth Village. Finally, as of July 5th, the Board has broken down the larger districts of E01, E02 and E03 into smaller 'community' areas that are easier to identify with.

The problem is, they haven't got it quite right, just yet. Do you live in Leslieville? Doesn't exist! They say 'South Riverdale. Same problem with Upper Beaches. You're in Woodbine Corridor or East End Danforth. Not much of an improvement. I expect it may change once more to better reflect our neighbourhoods. When it does, I'll provide detailed statistics for your communities.

This Toronto Real Estate Statistics Post Will Change Based On Your Responses

What conclusions/trends/events would you like me to report on?

Each month I sift through a mountain of raw data to deliver answers to your most important questions. How am I doing? Leave a comment below or send an email to let me know how you’d like this post to change. I can examine other stats, or dig deeper into the conclusions I’m pulling from the data. This post is for you and I’d like it to be as relevant to your needs as possible.

For the full Toronto Real Estate Market Statistics report, July 2011, see below for the ‘Slide-Share’ presentation. Use arrows to scroll through the presentation.

[slideshare id=8776669&doc=torontorealestatestatisticsjuly2011-110804205713-phpapp02]


Tagged with: July 2011 toronto real estate Toronto Real Estate Board toronto real estate market toronto Real Estate Market Stats Toronto Real Estate Stats Toronto Stats TREB
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