Toronto Home And Condo average prices increased once again as Toronto Home buyers continue their search for all Home types.
A short supply of Toronto Home listings in several of the downtown areas is resulting in higher average sale prices with more buyers chasing fewer listings.
The Toronto Real Estate Spring market started off strong with a 10.8 per cent year-over-year increase sales in the first two weeks of April with MLS sales totaling 4,541 units.
The average selling price for all Toronto Home types mid-April was $583,697 an increase of 11 per cent from a year ago.
Toronto Downtown Condos in the 416 Area increased 8.2 per cent in sales and 0.2 per cent in average price, the lowest increase for all Toronto Home types.
Now, Toronto Detached Homes jumped 19.2 per cent to an average resale price of $1,012,172 with an average sales growth of 19.4 per cent. It appears this is a first, breaking through the Million Dollar average price level.
View the latest Toronto Downtown Condo listings:
View the latest Toronto Homes For Sale listings:
Iris Li, RE/Max Toronto Realtor specializes in Toronto Downtown Condos both new and resale.
Let us help you find that new luxury Toronto Condominium, or Toronto Detached dream Home.