Four Year Average Resale Home Prices - Greater Toronto Area - December 2011

The chart below shows that the average resale home price has been trending upwards from January 2008 to December 2011.  There are recurring seasonal trends throughout the entire time period shown on the chart.  For example, prices have tended to be higher during the spring / summer months compared to the winter months.  This data may be useful to help you determine when you should list your home for sale or when you should purchase a home.

The seasonal trend for December where average resale home prices decrease in December has occurred in December 2011, which is consistent with prior years at the same time.  The average December resale home price was at the highest in the past four years.   Based on seasonality in prior years, it is expected that the average price may slightly increase during January 2012.

Four Year Average Resale Home Prices - Greater Toronto Area - December 2011

The trends in specific neighbourhoods, communities, municipalities and regions within the Greater Toronto Area may be different compared to the overall GTA.

Data used to prepare this chart is obtained from data reported by Toronto Real Estate Board REALTORS® in the TorontoMLS® system for the Greater Toronto Area.

Four Year Average Resale Home Prices - Greater Toronto Area - December 2011

Are you looking to move within or relocate to the Greater Toronto Area?

Marc Swartz, CA, CPA serves clients in the Greater Toronto Area of Ontario, Canada. I primarily focus on Toronto, North York, Scarborough, York Region (including Markham, Unionville, Stouffville, Thornhill and Richmond Hill) and Durham Region (Pickering, Ajax and Whitby).

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Marc Swartz, CA, CPA

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Post is included in group: Market Reports

1 Comments on Four Year Average Resale Home Prices - Greater Toronto Area - December 2011

JAN
08
2012

It looks like Toronto values have held up fairly well.
8:55pm • #1

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