Toronto Real Estate Has Best November Ever
Record-setting month means best year ever for Toronto real estate
December 5, 2007 — A record-breaking November saw 7,313 sales, driving year-to-date totals to 88,695 sales, Toronto Real Estate Board President Maureen O’Neill announced today.
“We have already exceeded the 84,145 sales recorded during 2005, which was our previous record,” said the President.
“By the end of December we will have crossed the 90,000 sales mark for the very first time. As 2007 winds down, the Toronto real estate market is looking as healthy as it has ever been.”
Prices were almost unchanged in November, with the average at $393,747, down marginally from the $394,646 recorded in the previous month. It was up 11 per cent over the $355,727 recorded during November 2006. Meanwhile, days-on-market came in at 32, and the list-to-sale price ratio was 98 per cent.
Breaking down the total, 2,725 sales were reported in the Toronto Real Estate Board’s 28 West districts and averaged $362,272; 1,529 sales were reported in the 14 Central districts and averaged $519,841; 1,354 sales were reported in the 23 North districts and averaged $417,967; and 1,705 sales were reported in the Toronto Real Estate Board’s 21 East districts and averaged $311,738.
Neighbourhood Corner - Orangeville
In the first 11 months of 2007, the town of Orangeville has experienced 679 sales, up 21 per cent over the same time-frame in 2006. The average price is $282,313, up eight per cent over the $261,234 recorded to November of last year. Detached homes formed the bulk of sales in Orangeville (488), and averaged $314,648. This is up seven per cent over last year.
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