Toronto Real Estate Market Statistics for April 2011. Complete raw data for all GTA MLS sales and listings plus commentary and analysis. Check out EastEndTorontoHomes.com for analysis of Beaches, Leslieville, Danforth,and Riverdale markets.
1. SINGLE FAMILY RESIDENTIAL BREAKDOWN
1.6 % 7.8% %
April 2011 22.4 % 0.2
0.1 %
Tight Market Results in Strong Price
Growth in April 7.5 %
TORONTO - May 4, 2011
Greater Toronto REALTORS® – up substantially from 53 per cent 11.4 % 49.0 %
reported 9,041 existing home sales in April 2010. Tighter conditions
through the TorontoMLS® system in resulted in the average April selling
April 2011. This result was down price growing by nine per cent
annually to $477,407. 2.3 7.0 %0.3 %
% Dwelling Type Sales % Median
17 per cent compared April 2010 21.5 %
0.1 % Single Detached 4,429
Detached 99 $500,000
when sales spiked to a new record of
“The number of listings has been Semi Detached
Semi-Detached 1,034 101 $400,000
10,898. While off last year’s record
below expectations so far this year. Condo T.H.
result, April 2011 sales were in line Condo Townhouse 674 99 $305,000
Increased competition between home Condo Apt.
with the average April sales level 8.5 %
Condo Apt 2,026 98 $300,000
buyers has led to an accelerating Link
reported over the previous five years. Link 145 100 $387,000
annual rate of price growth,”
Attached/Row
Att/Row/Twnhouse 709 99 $372,000
“Existing home sales have been said Jason Mercer, TREB’s Senior
12.0 % Co-op Apt.
Co-op Apt 15 98 $205,000
strong from a historic perspective Manager of Market Analysis. “The % 48.3
Detached Condo
Det Condo 9 98 $285,000
through the first four months of 2011. strong price growth experienced in
Expect the pace of sales to remain April should result in more listings and
robust through the spring, as the more balanced market conditions.” Housing Market Indicators
economy expands and home buyers AuguNovApr. 2010 Apr. 2011 %Change
continue to benefit from affordable Sales 10,898 9,041 (-17%)
home ownership opportunities,” said New Listings 20,683 14,494 (-30%)
Toronto Real Estate Board (TREB) Median Price Active Listings* 22,951 17,466 (-24%)
Days on Market 21 22 (5%)
President Bill Johnston. In April, the median price * All figures for single-family dwellings.
Market conditions tightened was $402,000, from the
markedly over the last year. April $373,000 recorded during
2011 sales accounted for 62 per
cent of new listings during the month
April of 2010. Inside
District Map ............................................................. 2
Annual Average and Median Price Price Category Breakdown......................................2
East District ............................................................. 3
West District ............................................................ 6
Toronto District ......................................................10
500000 Average Median
North District..........................................................12
400000 Annual Summary ...................................................16
300000 Single Family Comparison ....................................16
200000
100000
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
16. District Totals
New Active Listed Sales $ Volume Avg Price Med Price Avg DOM Avg %List
Grand Total 14,494 17,466 N/A 9,041 4,316,236,999 477,407 402,000 22 99
Year N/A N/A 50,133 28,441 13,022,458,887 457,876 385,000 25 99
Annual Summary - Single Family
Year *Number of Sales *Average Price Year *Number of Sales *Average Price
1977 20,512 $64,559 2010
1978 21,184 $67,333 January 4,986 $409,058
1979 23,466 $70,830 February 7,291 $431,509
1980 26,017 $75,694 March 10,430 $434,696
1981 29,625 $90,203 April 10,898 $437,600
1982 25,336 $95,496 May 9,470 $446,593
1983 30,046 $101,626 June 8,442 $435,034
1984 31,905 $102,318 July 6,564 $420,482
1985 45,509 $109,094 August 6,232 $411,012
1986 52,919 $138,925 September 6,310 $427,329
1987 43,475 $189,105 October 6,681 $443,729
1988 49,381 $229,635 November 6,510 $438,030
1989 38,960 $273,698 December 4,395 $433,946
1990 26,779 $255,020
1991 38,144 $234,313 Year-to-Date** 86,170 $431,463
1992 41,703 $214,971
1993 38,990 $206,490 2011
1994 44,237 $208,921 January 4,337 $427,037
1995 39,273 $203,028 February 6,266 $454,423
1996 55,779 $198,150 March 9,262 $456,147
1997 58,014 $211,307 April 9,041 $477,407
1998 55,344 $216,815
1999 58,957 $228,372 Year-to-Date** 28,441 $457,876
2000 58,343 $243,255
2001 67,612 $251,508
2002 74,759 $275,231
2003 78,898 $293,067
2004 83,501 $315,231
2005 84,145 $335,907
2006 83,084 $351,941
2007 93,193 $376,236
2008 74,552 $379,347
2009 87,308 $395,460
* Due to District revisions, caution should be exercised when undertaking historical comparisons. Please refer to appropriate maps.
**This figure may not equal the sum of all monthly totals, as the year-to-date total reflects sales reported in error and deals that have fallen through since January 1st.
Single Family Dwelling Sales Comparison
Sales Active Listings Average Price
15000 500000
35000
13500
30000
12000
425000
10500 25000
9000
20000
7500 350000
6000 15000
4500 10000 275000
3000
5000
1500
0 0 200000
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
2010 2011 2010 2011
16 TORONTO REAL ESTATE BOARD