As recorded in my PodCast at www.TuneInRealEstate.com and www.CondosinDowntownToronto.com:
Hi, my name is Jarrett Hunter and I am a downtown Toronto realtor with Royal LePage. This is the market information for April 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."
Toronto Real Estate Board Members reported 9452 sales of single family dwellings in the GTA in April, a 13% increase over April of last year and makes it the biggest selling month of all time in the boards history! The downtown area had a total of 833 active listings with a total sales volume of 520. 406 of these were condominiums.
In spite of the large sales numbers for April, we seem to still be in a very balanced market for both buyer's and seller's. The exception would be in some of Toronto's central neighborhoods where bidding wars are common.
The average days that a property was on the market before selling was still a very fast 25.5 days. The average selling price? $333,687 - a marginal increase over last month.
So, the numbers are telling us that we are having yet another hot spring market.
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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