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TorontoMLS - February Sales Were Strong

By
Real Estate Sales Representative with Re/Max Realty Services Inc. Brokerage

Last month, despite inclement weather the Toronto Real Estate Board (TREB) sales were up. This was largely due to strong sales in Condo Resales. Unlike the Freehold market of Attatched, Semi-Detached and Detached there was ample supply in the condo market. We are seeing multiple offers especially due to the lack of inventory amongst freehold listings.
TREB reports that the average selling price is up 8.6% compared to February 2013. The Home Price Index (HPI) was up 7.3 % over the same time period. 

Lets hope more inventory of Low-rise homes comes on the market soon.  I have had a few clients competing in multiple offers over and over.  If you are thinking of selling your home, call me today at 905-456-1000 or email me, Ruth@RuthBallantyne.com .  Who knows, you may be receiving multiple offers by the week-end.

Here is a short video on the Market from the Toronto Real Estate Board.

The market in Peel and Dufferin Counties is moving Quickly.  I have had a few clients in Brampton who participated in Multiple Offers a few times.  The inventory is very low so if you are considering moving... now is the time to get on the market.  Who knows... We may have multiple offers for you by the week-end. For more detailed information regarding statistics in Brampton, Caledon, Mississauga and Orangeville .  If your interested in other areas please Call me at 905-456-1000 or ruth@ruthballantyne.com . 

Posted by

Ruth Ballantyne

Sales Representative,

RE/Max Realty Services Inc. Brokerage

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