Toronto Home Sales Fall but Prices Still Strong

The latest data from the Toronto Real Estate Boardreveals that although listings grew in June, prices are strong. However, sales dropped considerably meaning it is more difficult to sell a property. That trend appears to be growing.
New construction starts are down which may bode well for those trying to sell their homes however, many people sell their homes to move to newly constructed homes and condos.

In May, Canadian building permits tumbled more than 5 times expectations because of drops in single-family houses and commercial buildings. June stats from Statscan are not yet out.

MLS Sales Down

Greater Toronto REALTORS® reported 8,442 sales within the Multiple Listing Service® (MLS®) in June. This is down more the 1,000 units from May 2010 sales of 9470 units, representing a 9% drop. That might be disheartening for home sellers however the average home price in the GTA rose to $435,034 from $376,750.

“The gap between listings and sales has widened, which means there is more choice for buyers,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits.” “The annual rate of price growth will slow in the second half of 2010, from the current double digit pace into the single digits.”

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Toronto Home Price Timeline

Churchill Meadows – Great 4 Bedroom Home

Churchill Meadows is a desirable community located just north of the 407. A nice place to raise your kids and keep you close to work and Lake Ontario. Access to the 407 and 403 is nearby.

Call Damir Strk about this hot new listing at 5724 Raftsman Cove in Churchill Meadows, a 4 Bedroom Home with asking price of $539,900. You’ll be impressed with the roomy kitchen and bedrooms and the finished basement with hardwood floors. The back yard offers lots of play space for the kids.

Nice 4 Bedroom, great yard on corner lot

Beautiful Home situated on a Premium Corner Lot In Churchill Meadows. 9′ Ceilings, Spacious Layout With 4 Bedrooms and A Fully Finished Basement With A Perfect Ceiling Height And Gorgeous Floors. Upgraded Kitchen Cupboards, Back Splash And Faucets. Decora Diming Switches And Pot Lights. Upgraded Roller Blinds On The Windows.

Unique Richmond Hill Townhouse

Come on out and see this beautiful 3 bedroom townhouse at 75 Weldrick Rd, not far off of Yonge St. It’s asking price is an amazing 285,000. It won’t last long. This end unit is one Of The Most Beautiful Town Houses In The Area and has a large kitchen and living area. Contact Damir at 905-828-3434.

Townhouse for Sale Richmond Hill

See it now online at SellMISISSAUGA.com

http://www.sellmississauga.com/listings/75-Weldrick-town-house-1029.asp

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MLS Listings May Home Condo Resales Rise

GTA REALTORS® Report Mid-Month Resale Housing FiguresGreater Toronto REALTORS® reported 4,887 sales through the Multiple Listing Service® (MLS®) during the first two weeks of May, an increase of 7% compared to last years period sales of 4,561 units. New MLS listings increased by 48 per cent annually to 10,059.

Toronto Real Estate Board President Tom Lebour commented that “The average household looking to purchase a home continued to benefit from affordable opportunities in the first half of May. The number of done deals will remain high for the remainder of 2010, but will dip from record levels.”

The average price for May mid-month transactions was $448,641 – up 12% compared to the average of $399,811 recorded during the first 14 days of May 2009.

“The total number of homes currently listed in the GTA is now within a more normal range. As buyers benefit from more choice in the second half of 2010, average selling prices will grow at a slower pace,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Stats revealed that detached home prices in the 905 area code rose 13% to an average of $490,419.  The average townhouse price rose 10% to $306,987.

Check out our recent listings of homes for sale in Mississauga, Richmond Hill, and Oakville.

Mississauga Home for Sale

Roomy 4 Bedroom in great neighbourhood for Kids

Check out this newly listed 4 bedroom home in Mississauga. This virtual tour shows all rooms in this home which is listed at a great price of $479,000. It’s located on a quiet culdesac, near Bristol Rd and Creditview Rd.

4 Bedroom Home in Mississauga for Sale

See more Mississauga Homes at Sellmississauga.com.

Check out this Great Mississauga Home for Sale

4 Bedroom home in Mississauga for sale.

Real Estate TV big in Vancouver

In the overheated home and condo market in the greater Vancouver area, it makes sense a real estate tv channel would start up.

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Beautiful 4 Bedroom Home for Sale in Markham – SOLD!

Sorry Everyone. This home went very fast. Lots of views on our site and it’s now gone!

Stunning Markham Home. 9 Foot Ceilings On The Main Floor. Maple Kitchen Cabinets With A Bamboo Hardwood Floor On The Main Level. 4 Spacious Bedrooms For A Family With 3 Full Washrooms On The Upper Level. Separate Entrance From The Garage To The 2 Self Contained Basement Apartments. This Will Last For A Limited Time. This is a great home in a desirable neighbourhood. Book a viewing time soon.

This home comes complete with 2 Fridges, 2 Stoves, B/I Microwave, B/I Dishwasher, All Elfs, All Blinds And Curtains, 2 Gdo, Humdifier, Gas Line For Dryer & Bbq, Video Camera Security System.

The location is 747 Castlemore, just south of Major MacKenzie Drive off Macowan Rd.

See other Homes for Sale in Markham, Mississauga, Brampton or Oakville. Also see our Google Real estate section for listings across the metro region. If you’re hoping to Sell Home Fast, there’s no better way to get fast home sales response than with Damir Strk. The right results every time!

2010 Homes Sales Trends – Rising in first two week of January

A report by the Greater Toronto REALTORS® shows there were 1,749 home sales in the GTA region compared to 888 last January. The average selling price rose more than $66,000 to $395,307. Prices in the 905 area code rose more than $72,000 on average.

Toronto Real Estate Board President Tom Lebour said “We have had a strong start to 2010. Widespread sales growth in terms of geography and housing type indicates that many households remain confident in their ability to purchase and pay for a home over the long-term.”

Jason Mercer, TREB’s Senior Manager of Market Analysis forecasts that “Double-digit average annual price growth will continue through the first quarter of 2010 as sales remain high relative to listings and we continue to make comparisons to last year’s winter downturn.”

Check out Mississauga Home prices and see the latest Mississauga homes for sale.

New Listing: Home for Sale in Mississauga

Take a good at this gem of listing at 3219 Scotch Pine Gate which near Derry Road and the Tenth Line. One Of A Kind And Rarely Offered Bungalow. Warm, cozy hardwood floors throughout with Beautiful Windows With California Shutters On Every Wall. High Ceilings with natural colours.

See more Mississauga Real Estate listing at SellMississauga.com.