The Toronto Real Estate Board reported 7,834 sales through TREB’s MLS® System in May 2018. Not a bad month but a little bit off the 8,500 sales that I had thought would happen. The average price increased slightly and as of the end of May, stands at $785,822, down 4.5% from 2017’s year-end average price of $822,622.
But averages do not tell the whole story. The truth of it is, that the Toronto market is made up of many components; chief amongst them being price, location and type of home and don' t forget...the condition of each respective home counts as well. The Toronto market conditions are very much different these days due to these factors.
Whether you are looking at luxury condominiums, semi-detached or detached homes, we cannot generalise; some areas went up, some areas went up more and some areas came down.
It’s always important to deal with an experienced person whether it be a lawyer, carpenter or bricklayer at the best of times. In times of market flux, like we are in today, experienced people who work in their chosen field full time is the one you want on your side - please give me a call if I can help in any way.
If you have any questions or know of someone buying or selling, I hope you will give me a call and let me help you and them understand the market. I would love to help with your questions in an effort to give you the information that you need to make the right decision for you and your family.
Have a great June!
Your Friend In Real Estate,
Suzana ( Sue ) Davies
A referral is the biggest compliment a client can give. If you know of anyone looking to buy or sell, know that I pledge to provide your friends and family with the highest level of service and advice.
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Toronto Real Estate Board - IDX Last Updated: 6/24/2018 6:50:18 PM