TREB Sale Prices June 2011
Number of Sales
There were 10,230 sales reported for the month of June 2011, up 21% from a year earlier, and the 3rd best June in the Boards history. At the same time, there were 24% fewer listings this month. The short supply of listings will most likely stop this from being an all-time record year for sales.
The average price of a home sold in the GTA in June was $476,371 – a 9.5 per cent increase over the June 2010 prices.
“Home owners will likely react to the stronger price growth by listing their homes in greater numbers. A better supplied market would result in more moderate price increases,”saysJason Mercer, the Toronto Real Estate Board’s Senior Manager of MarketAnalysis.
- The average selling price for all homes in all TREB districts in June 2011 was $476,371 – up nine point five per cent in comparison to the June 2010 average selling price of $435,034.
- Toronto Real Estate Listings were on the market an average of 24days (DOM), three days less than a year ago.
- Average sales to listings ratio was 56% , far better than the 35% from a year earlier. This is an unusually high percentage of sales for the market as a whole. It reflects not only strong demand but a shortage of listings as well.
East End Toronto Real Estate Statistics for June 2011
While looking at the GTA Real Estate Market provides a good idea of overall trends, it can paint a distorted picture of local 'micro-markets'. My personal focus is on the East End Toronto Real Estate Market, specifically districts E01, E02, and E03, which include Leslieville, Riverdale The Beaches and Danforth Village, Danforth Mosaic and East Danforth.
E01 (Leslieville / Riverdale)
E01 had 105 sales, with 136 active listings at the end of the month, or a sales to listings ratio of 77% and an average price of $569,581. Average days on market – 11. The average Seller received 104% of their asking price!
E02 (Beaches/Danforth Village)
E02 saw 116 sales, with only 106 active listings at the end of the month. That’s a staggering sales to listings ratio of 109% ! The average price for all E02 homes/condos was $672,129 and the average home received 102% of ask. Average days on market – 11.
E03 (Riverdale/Danforth Village)
E03 saw 134 properties sold, with 210 active listings at the end of the month, or a sales to listings ratio of 64% and an average price of $449,430. Average days on market – 16. The average ratio of asking price to selling price was 101%.
How do East End Toronto Markets Compare to the Rest of the GTA?
In the past, it hasn't been easy to break out statistics by homeowner neighbourhoods. We've never had universally agreed upon boundaries for Beaches, Riverdale, Leslieville and Danforth Village. But starting next month the district maps will be redrawn to better reflect your local neighbourhoods.
It should make it just that much easier to show how these areas continue to surpass most other markets in Toronto. East End Toronto homes will no doubt continue to outperform the market as a whole.
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For the full Toronto Real Estate Market Statistics report, June 2011, see below for the ‘Slide-Share’ presentation. Use arrows to scroll through the presentation.