Detached 2013 Toronto Central Monthly Statistics

 

It is the start of another year for monthly Toronto real estate statistics.  From the feedback, directly and through my Google Analytics, it seems that these statistics are a hit with readers as well.   What started it all?  Reading the monthly Toronto Real Estate Board (TREB) sales statistics for resale homes reported on the macro level but did not address the housing market relating to specific geographic areas and housing types.  Since I was providing a monthly neighbourhood analysis to my clients it seemed the next logical extension was to offer the same for Toronto readers.    The monthly TREB housing statistics are helpful in understanding overall activity,  however  since it included statistics from Mississauga, Durham, Vaughan, Brampton, etc. it did not address specific geographical areas or housing types.   Here you will find a further breakdown of those numbers which will focus on the following key metrics:

  • City of Toronto
  • Toronto Central
  • Detached Homes

By drilling down on specific sections of Toronto  I believe it will allow both buyers and sellers a more accurate assessment of the direction of their housing market.  If you are looking at Toronto Central, it includes some of the following neighbourhoods:

  • Leaside
  • Annex
  • Banbury – Don Mills
  • Flemingdon Park
  • Parkwoods – Donalda
  • Cabbagetown
  • Mountpleasant

 

You can see by the data detached homes have the highest average price than any other geographic area.  Considering that Toronto central included such high end Toronto neighbourhoods such as Forest Hill, Rosedale, Bridle Path and Lawrence Park they sold prices are going to impact on average prices.  What you have are the most updated monthly housing statistics for December 2013

 

Detached Homes Toronto Central

Geographic AreaMonthly SalesAverage PriceMedian PriceAverage Selling Price to Listing PriceAverage Days on Market
January 2013City of Toronto502$765,049$610,00098%31
 Toronto Central154$1,202,424$996,50098%30
February 2013City of Toronto749$823,329$658,60099%21
 Toronto Central 257$1,246,627$1,040,00098%20
March 2013City of Toronto975$846,828$680,00099%18
 Toronto Central327$1,302,359$1,125,00098%20
April 2013City of Toronto1,264$852,090$690,000100%17
 Toronto Central 425$1,255,642$1,050,00099%18
May 2013City of Toronto1,475$864,536$680,000100%17
 Toronto Central476$1,335,879$1,148,50099%19
June 2013City of Toronto1,137$866,326$675,00099%18
 Toronto Central344$1,353,604$1,122,50098%20
July 2013City of Toronto986$793,842$620,00098%22
 Toronto Central258$1,317,675$1,013,50097%26
August 2013City of Toronto846$783,708$607,50098%24
 Toronto Central229$1,319,539$1,064,75097%32
September 2013City of Toronto972$856,169$649,50099%22
 Toronto Central280$1,397,683$1,072,50098%25
October 2013City of Toronto1,125$873,509$675,00099%20
 Toronto Central367$1,369,135$1,170,00098%22
November 2013City of Toronto913$855,188$660,00099%22
 Toronto Central282$1,313,438$1,125,00098%25
December 2013City of Toronto447$864,351$640,00097%28
 Toronto Central121$1,475,777$1,058,00096%38

Source:  Toronto Real Estate Board

Check out the month to month 2012 statistics.

It is important to consider when looking at these statistics is that some of Toronto’s east end neighbourhoods hold their value more than others.   This is where I provide for my clients the same statistical metrics but on a specific neighbourhood.  This is a great tool as we can look at the numbers and get a updated analysis of pricing and the best time to purchase or sell.  If you are considering a specific Toronto neighbourhood contact me and I will see if I can put together a data pack for you.

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