|
"Real
Estate Bits"
August
2010
Market Update
Sales And New Listings Down - Average Price Up In July
August 5, 2010 - Greater Toronto Realtors reported 6564 sales in July - this represents a 34% dip from the record 9967 sales reported in July 2009. TREB reports that new listings at 10,825, dropped to the lowest level for the month of July since 2002.
"The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring," said Toronto Real Estate Board (TREB) President Bill Johnston.
Total sales reported by TREB through the first seven months of 2010 were up 12% when compared to the exact same period in 2009.
Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a 6% increase over July 2009. Over the first seven months of 2010, the average selling price was up 12% annually to $432,253.
"Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between Toronto and GTA Buyers to exert an upward pressure on price," reported Jason Mercer - the Senior Manager of Market Analysis for TREB.
Average Days On Market in July was 33
What They Sold For:
This Graph Shows Monthly GTA
Sales
By Volume and Price Category
June 2010
July
2010
Year-Over-Year Sales and Price Comparison
| Year-2007 |
# of Sales |
Average Price |
| |
|
|
| Total |
93,193 |
$376,236 |
| |
|
|
| Year-2008 |
# of Sales |
Average Price |
| |
|
|
| Total |
74,552 |
$379,347 |
| |
|
|
| Year-2009 |
# of Sales |
Average Price |
| |
|
|
| January |
2670 |
$343,632 |
| February |
4120 |
$361,305 |
| March |
6171 |
$362,050 |
| April |
8107 |
$385,641 |
| May |
9589 |
$395,609 |
| June |
10,955 |
$403,972 |
| July |
9967 |
$395,414 |
| |
|
|
| Total |
87,308 |
$395,460 |
| |
|
|
| Year-2010 |
# of Sales |
Average Price |
| |
|
|
| January |
4986 |
$409,058 |
| February |
7291 |
$431,509 |
| March |
10,340 |
$434,696 |
| April |
10,898 |
$437,600 |
| May |
9470 |
$446,593 |
| June |
8442 |
$435,034 |
| July |
6564 |
$420,482 |
Web-Site Of Interest
www.angusandcompany.com
A mixture of antique, vintage and contemporary furniture.
Design Consultations are available.
Mortgages
Rates As Of August 13,
2010
Nino will
guarantee these rates for 120 days for any "confirmed" client of
Rosemary Wright if you bring this newsletter with you!
These "Preferred Rates" are available for new
mortgages for any of my clients who bank with Nino Pasquariello,
Senior Bank Manager of Scotiabank & Trust. Nino's office is located
at 2200 Yonge Street (at Eglinton) in Toronto.
(Bus):
416-932-3885 #7000 (Fax): 416-932-3167
E-Mail:
nino.pasquariello@scotiabank.com
Scotiabank Web-Site:
www.scotiabank.com
Find The Best Way To Use "Your" Money
|
6 Month Open |
6.70%
|
|
6 Month Closed |
4.40%
|
|
1 Year Open |
6.70% |
|
1 Year Closed |
2.44% - Bank's
Discretion |
|
2 Year Closed |
3.44% |
|
3 Year Closed |
3.75% |
|
4 Year Closed |
4.17% |
|
5 Year Closed |
4.08% - Bank's
Discretion |
|
5 Year Scotia Flex-Closed |
(Prime Rate less
0.60) (2.15%) |
|
5 Year Scotia Flex-Open |
(Prime Rate plus
0.80) (3.55%) |
|
7 Year Closed |
5.49%
|
|
10 Year Closed |
6.05%
|
We
are unable to guarantee the rate on the Prime Based Variable
Rate products. Rates will be based on Prime at the time of
the mortgage closing. On a Pre-Approved Mortgage the rate is
protected for 120 days from the date of application. Please
be aware that rates can change at any time. Please call
Scotiabank for more details on their 5 Year “Flex Value”
products..
Business Of The Month
Residential
painting & DECORATING
Tony Flynn
Painter
“When it’s time to freshen up your home allow me to be of service! I can assist you with your decorating needs. I am an established professional painter with years of experience and many satisfied clients in the GTA. Please call today for your free quote.”
Cell (905) 251-4509 Home (905) 898-3468
Home Inspection Companies
Just for Fun...
Really, Really Bad Jokes
It’s Not Just The Baby Boomers Who Are Aging …
Tweetie Turns 60
In July the median price was $361,000 - up from the $339,900 recorded during July of 2009.
Business Referrals
Client & Networking referrals are the foundation of a
successful real estate sales representative's career.
Over many years in this industry I have enjoyed the
confidence and repeat business of my clients. I appreciate
your on-going support and want you to know that I will
always look after friends and colleagues you refer to
me with professionalism, care and respect.
Rosemary Wright
Sales Representative
Sutton Group-Bayview Realty Inc., Brokerage
Independently Owned & Operateded
(Bus): (416) 483-8000
(Fax): (416) 463-0159
WebSite:
www.rosemarywright.com
E-Mail:
mail@rosemarywright.com
"Professional
Service With A Personal Touch"
T his
newsletter is never sent unsolicited. If you wish to
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The intent of the newsletters - "Real Estate Bits" &
"Real Estate Bits - 2" is to provide information to you
regarding real estate. Personal details such as your
name, contact information and address are never revealed
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new
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The information and opinions contained, statistics and
articles are courtesy of TREB, CMHC or other individuals
or companies and are believed to be reliable, but their
accuracy is not guaranteed. Sutton Group-Bayview Realty
Inc., Brokerage and Rosemary Wright accept no
responsibility whatsoever for any loss arising from any
use or reliance on the accuracy and timeliness of the
information contained herein. Every endeavour is made to
ensure accuracy. These newsletters do not render
financial, legal, accounting, home inspection or
professional advice. They are for general educational
purposes only. They do not offer do-it-yourself advice.
We encourage you to always contact the appropriate
professionals or specialists to address your individual
needs.
E&OE |
