Last month saw a 14% drop in sales activity compared to February 2010
TREB Market Watch - February 2011
TORONTO - March 3, 2011
The average selling price for February 2011 transactions was $454,423, which was more than five per cent higher than the average selling price reported in February 2010.
“Market conditions remain quite tight in the GTA. There is enough competition between home buyers to promote continued price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Median Price
In February, the median price was $379,000, from the $366,300 recorded during February of 2010.
View the full report at: http://www.torontorealestateboard.com/consumer_info/market_news/mw2011/mw1101.pdf
Also, please feel free to contact me at any time for a free no-obligation market evaluation of your property or to answer any real estate questions.
TORONTO - March 3, 2011
The average selling price for February 2011 transactions was $454,423, which was more than five per cent higher than the average selling price reported in February 2010.
“Market conditions remain quite tight in the GTA. There is enough competition between home buyers to promote continued price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Median Price
In February, the median price was $379,000, from the $366,300 recorded during February of 2010.
View the full report at: http://www.torontorealestateboard.com/consumer_info/market_news/mw2011/mw1101.pdf
Also, please feel free to contact me at any time for a free no-obligation market evaluation of your property or to answer any real estate questions.
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