A strong performance within TREB's Central districts drove the Toronto area real estate market to a healthy 5,073 sales in January, off just two per cent from last year's record performance, President Maureen O'Neill announced today.
"While sales were strong, price increases remained modest, with the average rising six per cent to $374,449," said Ms. O'Neill.
There is short supply in some neighbourhoods for great houses. If you are considering selling, now is a great time as there is very strong demand from buyers. If your home shows well you will be in great a position to receive multiple offers.
Neighbourhood Watch - January 2008
Based on homes sales that month.
E02 -The Beach (coxwell, danforth, victoria park)
Detached: $667,959
Semi-detached: $440,330
Condo: $407,000
E03 - Danforth North (DVP, victoria park, danforth)
Detached: $422,296
Semi-Detached: $403,213
Condo: $166,474
E01 - Danforth South & Riverdale (DVP, danforth, coxwell)
Detached: $504,875
Semi-Detached: $444,976
Condo:$329,955
C04 - Bedford West & Lytton Park (allen, 401, yonge, eglinton)
Detached: $1,016,049
Semi-Detached: $540,000
Condo: $277,987
C09 - Rosedale (yonge, st.clair, bayview, bloor)
Detached: $1,502,000
Semi-Detached: $1,775,000
Condo: $574,667
C03 - Forest Hill (allen, eglinton, yonge, st.clair)
Detached: $661,440
Semi-Detached: $474,250
Condo: $466,625
C12- Lawrence Park/Bedford East (yonge, 401, leslie, eglinton)
Detached: $1,872,389
Semi-Detached: n/a
Condo: $659,583
Source: Toronto Real Estate Board November January 2008
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