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REAL REPORT

JUNE 2016

Toronto Real Estate Board President Mark McLean announced that there were 12,870 home sales reported through TREB's MLS® System in May 2016. This result represented a new record for the month of May and a 10.6 per cent increase over the same period last year. In contrast, the number of new listings was down over the same time frame by 6.4 per cent. The decline in listings was experienced in both the low-rise and condominium apartment market segments.

 

"Whether we're talking about existing homeowners or people looking to purchase for the first time, there is no shortage of buyers in the marketplace today. So, while the record number of home sales through the first five months of 2016 is not necessarily surprising, it does sometimes mask the larger story in the GTA: the shortage of listings, which has resulted in strong upward pressure on home prices," said Mr. McLean. "Widespread competition between buyers of singles, semis and townhouses across the GTA has underpinned the robust annual rates of price growth experienced so far this year. With this said, however, it is also important to understand that tighter market conditions for condominium apartments have resulted in price growth well above the rate of inflation in this market segment as well," said Jason Mercer,

TREB's Director of Market Analysis.

 

Continued low inventory is bringing record sale prices. The skills of a powerful negotiator and experienced realtor on both the buying and selling side is invaluable in today’s market. Call me to discuss your real estate goals.

MARKET STATS WATCH870

YEAR

 

Sales

 

Avg Selling Price

 

Avg Days on Market

2016

 

12,870

 

$751,908 

 

15

2015

 

11,640

 

$649,648 

 

18

RECENTLY SOLD

6 Parkwood Avenue

Suite 802

$595,000

  ________  testimonial   ________

Rosanne is one of the best in the business. On moving to Toronto with a young family she made finding the right home easy and stress free. Professional & polite she delivered! I would recommend

Jamie Edwards

President & CEO, MediaCom Canada.

FEATURED

LISTING

6 Parkwood Avenue

Suite 401

Offered for Sale at $442,000

Luxurious 1 bedroom suite at the coveted Code Condominium in South Forest

Hill. Superb Layout With Floor to Ceiling Glass in all Principal Rooms.

My Toronto this Month

Relaxing by the pool!

Hall and Oats at the Molson Amphitheatre

 

So proud. Graduation Day!

TD Toronto Jazz Festival

Take a water taxi to Wards Island and lunch at Island Cafe

ROSANNE AGASEE B.A

Real Estate Sales Representative

 

Personal Number: 416.993-6765

E: rosanne@rosanneagasee.com

www.rosanneagasee.com

Forest Hill Real Estate Inc., Yorkville

28A Hazelton Avenue

Toronto, Ontario M5R 2E2

Office: 416.975.5588

Fax: 416.975-8599