A Record 11-Month Year For Toronto Real Estate Markets

By
Real Estate Agent with RE/MAX Rouge River Ltd, Brokerage

The Toronto Real Estate Board has released the sales figures for November across the board.  2007 has already out sold every year previous.  The previous best 2005 year saw 84,145 unit sales.  By the end of the November, there have already been 88,695.

House prices are continuing to rise year over year.  The average price in 2006 was $351,941.  In November, the average price had rise to $375,445, more than 6%.

Does that reflect in the Durham market the same exciting news?

 Year   

Area

Number of Sales

Average Price

2007

South Pickering

255

$289,306

 

Pickering

1079

$309,535

 

Ajax

1694

$288,840

 

Whitby

1632

$288,655

 

Oshawa

2469

$216,629

2006

South Pickering

270

$282,198

 

Pickering

1220

$289,782

 

Ajax

1542

$277,762

 

Whitby

1554

$274,475

 

Oshawa

2323

$205,708

2005

South Pickering

243

$260,975

 

Pickering

1153

$286,578

 

Ajax

1456

$269,910

 

Whitby

1590

$271,945

 

Oshawa

2293

$198,824

 Prices are up and it is not quite a banner year for the big Durham centres.  But the year isn't over yet.  Let's see what December brings.

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Tags:
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