Aug 20 | Posted by Barry

Each month, the Toronto Real Estate Board (TREB) releases a MarketWatch Report. The following statistics were obtained from the July 2010 Report and makes comparisons to the same period one year ago.

July was an interesting month as the HST was in full effect. We knew ahead of time that sales would be down given all the recent market shifts. Yet for York Mills (C12), it was not nearly as harsh as predicted.

As of July 31, there were 166 active market listings, an increase of 2.5 % from the previous year’s statistics.

As a reflection of the HST introduction, unit sales for July (year over year) decreased from 59 units to 30 units, yet the median price only fell by 0.5%.

In July, the average number of days on the market for each home was 33 days, compared to 44 days as reported a year ago, with homes selling for 97% of listing price.

What do these facts mean to you?

  • Prices in the York Mills (C12) area remain strong.
  • Houses in York Mills (C12) area still sell very quickly.
  • It’s time to call Barry for information and insight into soon-to-be launched homes.


Source: Toronto Real Estate Board – MarketWatch July 2010 and 2009