As reported on my Podcast at http://www.tuneinrealestate.com/
Hi, my name is Jarrett Hunter and I am a downtown Toronto realtor with Royal LePage. This is the market information for January 2007 for my area which is downtown Toronto - best defined as the area south of Bloor Street to the lake, west of the Don Valley Parkway and east of Dufferin Street. - I like to refer to it as "the Core."
The Toronto Real Estate Board reported that this was our best January ever! Statistics are derived from the Toronto MLS system and reports a 13% increase over January of last year and a 6% increase over sales of January 2002 which was our previous record holder. We had a total of 761 active listings with a total sales volume of 295 of which 233 of these were condominiums.
I am expecting that January's record breaking performance will be a good indicator of the year ahead. The average days that a property was on the market before selling was 40. The average selling price? $334,123 - which is about a 6% increase over December's average price. So, another year is off with a bang. Interest rates are still holding steady and buyer interest is still quite high. A great time to think about making your next move.
If you require any more specific information, or, want to discuss your own particular real estate needs, feel free to contact me directly via e-mail (Jarrett@jarrett.ca) or call me on my direct line at (416) 410-2300.
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