The Toronto Real Estate Board (TREB) reported the GTA's average Sale Price was up 4% while the Volume of sales was down 18% compared to June 2007.

Two additional Key Indicators to watch in the Real Estate market are Inventory (number of properties available for sale) and average Days-on-Market.  A year-over-year comparison shows that this June's Inventory was up 22% and the average Days-on-Market lengthend from 29 to 34 days.

In other words:
- homes continue to Hold their value (with minor improvement)
   and
- the market is slowly shifting towards Balance after several years of favouring Sellers.

For those planning a Purchase 
      - the good new is, there is more to choose from

For those planning to Sell 
      - more than ever, pay attention to Prepping well and Pricing correctly: 
        Over-price and it will sit!

                    June 2007                                    June 2008   
District    Average      Average              Average    Average              Change       
               D-o-M          Sale $                 D-o-M       Sale $               Yr  Over  Yr
C01          22         $342,799                 22          $381,966              11.4%
C02          20         $841,954                 22          $745,242             -11.5%
C03          21      $1,072,869                 26          $787,956             -26.6%
C04          22         $662,518                 25          $776,960              17.3%
C08          21         $355,758                 20          $368,330                3.5%
C09          26      $1,090,922                 15       $1,171,045                7.3%
C10         15          $681,289                 22          $670,990               -1.5%
C11          20         $555,942                 25          $553,126                -0.5%
C12          26      $1,189,122                 27       $1,296,126                9.0%
       
E01          16         $422,308                 16          $456,403                8.1%
E02          14         $515,470                 14          $510,115               -1.0%
E03          22         $359,403                 20          $357,372               -0.6%
       
W01         22         $478,325                 21          $503,825                5.3%
W02        18          $451,751                 19          $508,050               12.5%
W03         31         $291,112                  29         $294,080                 1.0%
       
  D-o-M = Days on Market     

I'm here to help:
I provide top quality service, excellent process and market knowledge
plus strong communication and negotiating skills
- with integrity, care and a dash of humour...
You Deserve no Less!

When you decide to Sell &/or Buy a home
call me at
416-322-8000

Thank You!