Real Estate Information Archive

Mid April GTA Home Sales up 25% as compared to last year

Greater Toronto REALTORS® reported 4,601 sales through the Multiple Listing Service® (MLS®) during the first two weeks of April. This represented a 25 per cent increase compared to the 3,681 sales recorded during the same period in 2009. New listings increased by 48 per cent annually to 9,512.

“The fact that annual growth in new listings outstripped growth in sales suggests that the GTA existing home market is becoming better supplied,” said Toronto Real Estate Board President Tom Lebour.

"Home owners are reacting to strong sales and price growth by listing their homes in greater numbers. They are confident they will receive offers in line with their asking price."

The average price for April mid-month transactions was $430,271 – up 12 per cent compared to the average of $383,361 recorded during the first 14 days of April 2009.

"The average annual rate of price increase has declined and we are shortly going to see a return to sustainable single-digit rates of growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.

"As home buyers experience more choice in the marketplace, there will be less upward pressure on the average selling price in the GTA.”

Want to know what's fair market value of your home, please visit www.MyGTAHomeValue.com for a quick online home evaluation.

70% increase in sale of existing GTA homes in Mid March over same period last year

TORONTO, MARCH 17, 2010 - Greater Toronto REALTORS® reported 4,353 sales through the Multiple Listing Service® (MLS®) during the first two weeks of March. This represented a 70 per cent increase compared to the 2,562 sales recorded during the same period in 2009 when resale transactions had dipped markedly due to the recession.

C'on Home Sellers, what are you waiting for, Mississauga Real Estate Market is so Hot. The dramatical turn seen in the last few months from a buyers to a sellers market is continuing in Mississauga resale home sales.

Look at the August 09 figures, the sales are up from 5% to 20% approximately as compared to August 08 in different parts of Mississauga. But at the same time not many home owners are putting their home for sale. The new listings dropped by about 25% and more interestingly the total active listings almost dropped by 50% in August 09 in comparison to August 08. The home prices have also gone up in the range of 1% to 6% over the same period last year. This dropped inventory level has resulted in multiple offer situations and rightly priced properties are gone in just a week's time.

So let's look at this scenario, there are not many properties out there and buyer's can't find their dream home without getting into the multiple offers. So if you have been thinking of selling your home, why are you holding back, take advantage of this upswing market conditions. Want to know what's your home worth, just go to www.MyGTAHomeValue.com, input your home details and you would receive your neighbourhood activity.

And if you are a home buyer, the market is still not bad. The interest rates are so low, so why wait. Buy it now before the interest rates go up and the prices go up. Need help in finding the right property, just go to www.FindMyGTAHome.com, input what you are looking for and everyday you will receive email notification of all the new properties which come on the market meeting your requirements.

For more information on buying or selling a home in Mississauga please contact Manoj Arora at 416-618-9753 or email manojarora@rogers.com.