February 2008 Market Watch

Sales Break 6,000 In Spite Of Winter Weather

While snow fell in almost record amounts, Toronto Real Estate Board Members recorded a respectable 6,015 sales during the month of February, TREB President Maureen O'Neill announced today.

"While sales were down over 2007 (11 per cent), they are in line with historical levels for the month, and they should increase substantially as the GTA eases into Spring."

Prices rose in February, with the average climbing to $382,048, up four per cent from the $367,687 recorded in February of last year. Days-on-Market stood at 30 days, and the list-to-sale price ratio was 99 per cent.

Activity within the City of Toronto generally matched that of the broader GTA. Sales moderated 14 per cent in the city to 2,310 from last year's figure of 2,697. Prices rose two per cent to $424,235.

Neighbourhood Watch - February 2008
Based on homes sales that month.

E02 -The Beach (coxwell, danforth, victoria park)
Detached: $796,242
Semi-detached: $452,079
Condo: $720,00*
* don't worry folks, only on condo sale in February in this district and it was a big one!

E03 - Danforth North (DVP, victoria park, danforth)
Detached: $505,304
Semi-Detached: $437,837
Condo: $216,300

E01 - Danforth South & Riverdale (DVP, danforth, coxwell)
Detached: $488,738
Semi-Detached: $479,731
Condo: n/a

C01 - Downtown West (yonge to dufferin, south of bloor)
Detached: $670,800
Semi-Detached: $657,667
Condo: $346,396

C08 - Downtown East (yonge to DVP, south of bloor)
Detached: $555.450
Semi-Detached: $652,204
Condo: $343,648

C04 - Bedford West & Lytton Park (allen, 401, yonge, eglinton)
Detached: $1,014,708
Semi-Detached: $625,100
Condo: $341,867

C09 - Rosedale (yonge, st.clair, bayview, bloor)
Detached: $2,031,475
Semi-Detached: $1,787,000
Condo: $537,578

C03 - Forest Hill (allen, eglinton, yonge, st.clair)
Detached: $1,124,963
Semi-Detached: $363,443
Condo: $467,300

C12- Lawrence Park/Bedford East (yonge, 401, leslie, eglinton)
Detached: $1,649,255
Semi-Detached: n/a
Condo: $474,143

Source: Toronto Real Estate Board February 2008