GTA REALTORS® Report Monthly Resale Housing Market Figures

Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11% 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 5% year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately 7% 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.

Summary Of March Sales And Average Price

City of Toronto (“416”)
2011 Sales: 3,690 | Average Price: $497,276
2010 Sales: 4,037 | Average Price: $477,263

Rest of GTA (“905”)
2011 Sales: 5,572 | Average Price: $428,910
2010 Sales: 6,393 | Average Price: $407,817

GTA
2011 Sales:  9,262 | Average Price: $456,147
2010 Sales: 10,430 | Average Price: $434,696

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Contact the Jeffrey Team for more information – 416-388-1960

Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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