TORONTO, March 19, 2014 -- Toronto Real-estate Board President Dianne Usher announced that Greater Toronto Area REALTORS reported 3,459 transactions through the TorontoMLS system during the first fourteen days of March 2014. This result for the TREB market area in total was nearly unvaried compared to 3,464 transactions finished in the same period in 2013.
"Despite the poor weather conditions experienced in the first half of March, a surplus of willing consumers were actively searching for a home to buy. Nonetheless many of these people continued to be influenced by the long-lasting lack of single-detached, semi-detached and townhouse lists, which implies that in a number of cases they couldn't find a home on which to make an offer, or they were facing stiff competition from other buyers," expounded Ms.
For all home types combined in the GTA, the average selling price was $560,948 - up by just about six percent in contrast to the median price for a similar time-frame in 2013. Usher. The semi-detached market segment in the Town of Toronto led the way in terms of price expansion during the first Fourteen days of March, with a year-over-year increase of more than 10 per cent. Because of this, some semi-detached listings have attracted many interested customers.
"Semi-detached houses represent a rather more cost-effective possession option for some households. This competition has served to apply strong upward pressure on average selling price," announced Jason Mercer, TREB's Senior Manager of Market Analysis.
"The average single-detached price was down a touch in the Town of Toronto year over year due to a smaller share of luxury deals this year compared with last. Tight market conditions may continue to drive strong detached price growth in 2014," added Mercer.
"Despite the poor weather conditions experienced in the first half of March, a surplus of willing consumers were actively searching for a home to buy. Nonetheless many of these people continued to be influenced by the long-lasting lack of single-detached, semi-detached and townhouse lists, which implies that in a number of cases they couldn't find a home on which to make an offer, or they were facing stiff competition from other buyers," expounded Ms.
For all home types combined in the GTA, the average selling price was $560,948 - up by just about six percent in contrast to the median price for a similar time-frame in 2013. Usher. The semi-detached market segment in the Town of Toronto led the way in terms of price expansion during the first Fourteen days of March, with a year-over-year increase of more than 10 per cent. Because of this, some semi-detached listings have attracted many interested customers.
"Semi-detached houses represent a rather more cost-effective possession option for some households. This competition has served to apply strong upward pressure on average selling price," announced Jason Mercer, TREB's Senior Manager of Market Analysis.
"The average single-detached price was down a touch in the Town of Toronto year over year due to a smaller share of luxury deals this year compared with last. Tight market conditions may continue to drive strong detached price growth in 2014," added Mercer.
No comments:
Post a Comment