GTA Mid Month Real Estate Results
The Greater Toronto Area witnessed 3616 property sales through the Toronto Real Estate board’s MLS system during the first 14 days of November 2015. This was a 9.4 per cent increase over real estate sales in November 2014.
All major market segments enjoyed strong year over year sales growth, with the sales growth of semi detached houses being the strongest.
There were also more new listings on the MLS system during this time period when compared to one year ago, but by a lesser annual rate than sales. The Toronto Real Estate board feels this suggests that the real estate market conditions remained “quite tight” with inventory levels remaining low.
The average sale price for the Greater Toronto Area for the first two weeks of November was $635,440: a 9.5 per cent increase over the average price reported for the same period in 2014.
Single detached houses in the City of Toronto and surrounding areas like York Region, Durham Region and Halton Region saw the strongest price growth.
For more detailed real estate selling prices for your street or any neighbourhoods in Toronto, Leslieville, East York, Topham Park, Riverdale, Riverside, Pickering, Ajax or Whitby contact The Weir Team today.