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« Bright Start to the New Year | Main | Condo sales bring 2007 to a strong finish! »

Healthy December Sales = Best Year Ever

January 7, 2008 -- A healthy 4,646 sales in December propelled 2007 sales to a record setting 93,193 sales, TREB President Maureen O'Neill announced today. "Year-end sales are up 12 per cent over last year and up 11 per cent over the 84,145 recorded during 2005, the Toronto market's previous best-ever annual performance."

On a year-over-year basis, prices rose seven per cent to $376,236 from last year's $351,941. The annual time-on-market figure stood at 32 days versus 2006's figure of 34 days, meaning that over the course of the past two years it has taken homes within the GTA barely a month to sell on average.

Breaking down the total, 1,756 sales were reported in TREB’s 28 West districts and averaged $357,711; 1,057 sales were reported in the 14 Central districts and averaged $531,366; 771 sales were reported in the 23 North districts and averaged $420,508; and 1,062 sales were reported in TREB’s 21 East districts and averaged $302,113.

 

Posted on Monday, January 7, 2008 at 01:53PM by Registered CommenterElaine in | Comments1 Comment

Reader Comments (1)

Joanna,

Wish we were as lucky in Reno,NV. I'm really happy to hear some good news in the real estate industry.

4,646 sales in a month?! Marvelous. Hope the United States market cathes up on your market. They say our state(NEvada) is the barometer for the U.S housing market.

That once our state bounces back up the country will follow. As I write this it doesn't look to good yet. But we'll get there. That's where hope is.

-Joe Salcedo
http://renohomeblog.com
January 18, 2008 | Unregistered CommenterJoe Salcedo

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