I would like to first off welcome Daniel Losier to Keller Williams Real Estate Service. He is a hardworking individual that has impressed me. His energy is contagious and working alongside him has been beneficial and I thank him.
March Resale Housing Market Figures.
The Toronto MLS reported 9,262 transactions in March 2011, representing the second best March result on record. March 2011 transactions were 11 percent lower than March 2010.
“The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide,” said Toronto Real Estate Board (TREB) President Bill Johnston.
The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.
“Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. In March, the median price was $385,000, from the $370,000 recorded during March of 2010.
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