Kirby Chan's Blog

A Real Estate Sales Representative Serving Greater Toronto. Search MLS Listings, Find Homes For Sale and Sell Your Home.

Recond Sales In July

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2009Jul-singlefamilybreakdownIn July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 – up by six per cent compared to the same month last year.

“Households confident in their positioning within the current economic environment have taken advantage of housing affordability in the GTA,” said TREB President Tom Lebour. “The real estate sector has been one of the sectors making a positive contribution to economic growth in the GTA, not to mention Ontario and Canada more broadly.”

Year-to-date sales, at 50,632 are down 1.2 per cent compared to the first seven months of 2008. Average price, at $385,808 is down by less than one-half of one per cent.

“The steep drop-off in sales experienced at the beginning of the year has all but dissipated,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis.

“With five months left to go in the year, it is probable that total existing home sales in 2009 will be at or above last year’s level.”

Median Price

In July the median price was $339,900, from the $325,000 recorded during July of 2008.

Source: TREB

Sales are high, supply is low. What more can I say, it’s a sellers market.

Thinking of selling? Nobody knows how long this will last so take advantage of this and give me a call to sell your property for top dollar.

july2009whattheysoldfor

Are you thinking of Buying or Selling a home and would like to discuss your options?
Contact Me, Just Click Here
or call me directly at (416) 305-8008.

Kirby Chan
Sales Representative
416-305-8008
Web : http://www.KirbyChan.com
Email : Info@KirbyChan.com

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Keller Williams Real Estate Service
17 Church Street, North York, On

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Author: Kirby Chan

I am a Real Estate Sales Representative servicing the Greater Toronto Area.

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