Real Estate News:
Weekly Sales Report - May 16, 2013
| REGION | AREA SALES | AVERAGE PRICE |
| Halton | 172 | $650,985 |
| Peel | 494 | $490,067 |
| Toronto | 889 (Last week was 854) | $603,740 (Last week was $591,182) |
| York | 425 | $634,358 |
| Durham | 254 | $358,240 |
| Dufferin | 14 | $398,750 |
| Simcoe | 82 | $384,777 |
| Total | 2,330 | $553,011 |
TORONTO, May 16, 2013 – Greater Toronto Area REALTORS® reported 4,476 transactions through the TorontoMLS system during the first 14 days of May. This result represented a decline of 9.7 per cent compared to the same period in 2012. Sales declines were larger for the City of Toronto, at 11.4 per cent, versus the surrounding regions where sales were down by 8.6 per cent year-over-year.
The average selling price during the first two weeks of May was $543,838 – up by 5.4 per cent in comparison to the same time frame last year. Price growth was strongest for low-rise home types, but positive price growth for condo apartments in the City of Toronto was also reported.
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Listed at $719,000
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