Sales Volume Statistics
2013 Monthly Sales versus 2012
The Toronto Real Estate Board reported 7,765 sales of single family homes in March 2013. This sales volume represents a 37 percent increase over the sales volume for February 2013 which is typical for the time of year, but was 17 percent lower than the sales volume reported for March 2012.
Annual Sales Volume 1980-2012
This chart graphically depicts the number of single family homes sold
in the years 1980 through to 2012. The volume of sales in the Toronto area experienced peaks in 1986 and 1988 followed by slow years during the early 1990's. Sales volume picked up from 1996 onwards. Sales of resale homes in 2007 were the highest recorded; the sales volume for 2012 was 10 percent lower than 2007.
[Note: the Toronto Real Estate
Board's geographic boundaries were changed during the period depicted in
the graph, so direct comparisons between 1996 and 1986 for example, are not valid]
Sales Year-To-Date
This chart depicts the number of resale homes sold to the end of March for each of the years 1991 through to 2013. Sales volume to the end of March 2013 now sits in 9th place for the period depicted..
Average Selling Prices
Average Selling Price 1980-2012
This chart presents average price trends for houses in the Toronto area
during the last 30 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing during the last few years although not at the dramatic rates seen during the late 1980s. Prices levelled off during 2008, but resumed their upward climb in 2009.
Average Monthly Selling Price 2013 vs 2012
The average selling price of homes that sold during March was $519,879 - which represents a 1.7 percent increase over the average selling price reported for February 2013. The March monthly average selling price was approximately 3.8 percent higher than the selling price reported for March 2012. Average selling price reported on a monthly basis can be misleading as it is comprised of a combination of the real value of property plus the mix of higher priced to lower priced homes that have sold during the month. The mix of homes sold during March is depicted below in the Sales by Price Breakdown chart.
The average selling price year-to-date to the end of March 2013 was $508,066 - approximately 2.2 percent higher than the average selling price for the year 2012 of $497,146.
Inventory
This chart depicts the number of active listings (properties for sale)
on the Toronto Real Estate Board. There were 18,384 properties listed for sale in March 2013 which represents a 15 percent increase over the number of properties listed for sale in February 2013, as well as an 8.7 percent increase over the number of properties listed for sale in March 2012.
Home Sales by Type/Price
Home Sales by Type of Property:
This chart breaks down single family residential sales during March 2013 into the various different categories of property such as single family detached, semi-detached, townhouse etc. As always, single family detached homes make up the bulk of all sales with condominium apartments coming in second.
Home Sales by Price Range
This chart breaks down sales of single family homes during March 2013
into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Homes in the $300,000 - $400,000 price range produced the highest sales volume during March. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.
