HawthorneVillager.com

Good Start to 2011

February 4, 2011 -- Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010.

"While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points," said TREB President Bill Johnston.

The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.

"The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Median Price
In January, the median price was $360,000, from the $350,000 recorded during January of 2010.

_________________
It’s more than just real estate. It’s homes, neighbourhoods and great community living.
It’s family.
Lisa Roach
Sales Rep.
Century 21 Future
Office: 905-875-2100
Direct: 416-629-2915
www.itsfamily.ca

What people need to remember is that when house prices increase the same goes for when you look to buy another home. If your present home has increased alot in value so will the next home you are considering to purchase if in the same city more then likely.