Toronto Central Real Estate

The recovery continues –

Toronto real estate sales and prices are continuing strong recovery from the recessionary lows experienced last year. There a lot of active buyers, but still a shortage of new listings and this is resulting in many properties selling within days, often with more than one offer. A very frustrating situation for buyers.

If history repeats itself, we will be seeing lot of new listings coming to market after the school spring breaks are finished. So, keep your fingers crossed for a much more balanced market in April, May and June.

Greater Toronto real estate sales were 7,291 in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509.

The increases were spread across the GTA marketplace and represented strong activity from all market segments, including first time buyers, those trading up from condos to houses and also those consumers who were downsizing.

Details by type of home and by area are available on my website www.torontocentralhomes.ca
Contact me if you would like more specific information for your neighborhood.