December Detached Home Sales

TREB's December 2012 Detached sales were 1,745 compared to 2093 last year (-16.6%) with an average Detached selling price of $609,678 that was +6.2% versus last year. Condominium sales declined 26.7% to 943 from 1,306 in the same period in 2011 with an average selling price of $325,726 (- 0.9% VYA).

Prices continued to increase for low-rise homes (Singles, Semis and Townhomes) due to tighter availability. A number of new listings still sold over the listed price. While sales are declining, analysts expect House Prices will keep rising until the inventory meets current demand levels.


NEIGHBOURHOOD

2012
DETACHED
AVERAGE
PRICE

2012
DETACHED
SALES

2012
DOM

2012
% LISTING

         

TREB

$609,678

1,745

35

97%

TORONTO

$722,393

491

30

97%

AURORA

$794,209

20

63

91%

MARKHAM

$769,381

85

32

96%

NEWMARKET

$535,416

34

40

97%

RICHMOND HILL

$865,284

77

36

96%

STOUFFVILLE

$626,273

22

46

96%

VAUGHAN

$792,663

98

31

97%

BRAMPTON

$474,460

192

32

97%

CALEDON

$629,711

26

52

96%

MISSISSAUGA

$709,021

120

31

97%

BURLINGTON

$585,271

21

34

98%

MILTON

$540,230

44

39

97%

OAKVILLE

$745,336

63

35

97%

AJAX

$386,483

46

29

98%

OSHAWA

$275,094

78

33

97%

PICKERING

$507,393

27

39

98%

UXBRIDGE

$477,700

10

49

96%

WHITBY

$382,788

60

31

98%

         

SOURCE: TREB

       

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Donald Lum

Donald Lum

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
Contact Me