Detached Homes 2012 Monthly Statistics

Every month the Toronto Real Estate Board (TREB) publishes sales statistics for resale homes.  The monthly TREB housing statistics are helpful in understanding overall activity,  however  since it included statistics from Mississauga, Durham, Vaughan, Brampton, etc I found it did not address specific geographical areas or housing types.  In my continued efforts to provide buyers and sellers with the tools they need, 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.

 

Detached Homes Toronto Central

GeographicArea Sales Average Price Median Price Average Selling Price to Listing Price Average Days on Market
January 2012 City of Toronto 559 $743,993 $580,000 100% 25
Toronto Central 170 $1,091,877 $888,500 99% 28
February  2012 City of Toronto 927 $818,815 $650,000 102% 16
Toronto Central 325 $1,239,256 $1,037,000 102% 14
March 2012 City of Toronto 1,287 $816,169 $632,000 102% 15
Toronto Central 440 $1,235,399 $1,000,000 101% 15
April 2012 City of Toronto 1,465 $831,214 $656,000 101% 16
Toronto Central 487 $1,249,613 $1,080,000 101% 16
May 2012 City of Toronto 1,480 $820,816 $650,000 101% 15
Toronto Central 493 $1,249,967 $1,050,000 100% 15
June 2012 City of Toronto 1,257 $803,671 $615,000 100% 18
Toronto Central 380 $1,306,233 $1,005,000 99% 19
July 2012 City of Toronto 852 $752,431 $589,500 98% 21
Toronto Central 226 $1,178,762 $941,088 97% 24
August 2012 City of Toronto 706 $746,300 $577,250 98% 23
Toronto Central 181 $1,203,217 $965,000 97% 25
September 2012 City of Toronto 767 $781,826 $610,000 99% 20
Toronto Central 235 $1,224,940 $1,130,000 98% 23
October 2012 City of Toronto 931 $779,484 $624,000 99% 19
Toronto Central 280 $1,171,873 $931,000 98% 19
November 2012 City of Toronto 764 $741,480 $580,500 97% 25
Toronto Central 217 $1,148,604 $965,000 97% 29
December 2012 City of Toronto 491 $722,393 $562,000 97% 30
Toronto Central 134 $1,167,980 $950,000 97% 33

Source: Toronto Real Estate Board

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 an updated analysis of pricing and the best time to purchase or sell.   If you are interested in a specific neighbourhood contact me and I we can talk about building one for you.

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