|Shangri La Condos Toronto|
Mid-Month Toronto Home Sales and Average Resale Price
March 18, 2013- According to the Toronto Real Estate Board in the first 14 days of March 2013 there were 3,594 transactions down 11.5 per cent compared to last year.
With sales and listings up slightly there was enough competition between home buyers to increase the average selling price on all home types on an annual basis.
Toronto Condos were up in average price over last year increasing by 1.9 per cent to $368,715.
The average selling price for all types of Toronto Homes was $532,102 an increase of 6 per cent year-over-year.
The Toronto Real Estate Board forecast the average selling price for a Toronto Home to be $515,000 in 2013 with all home types combined.
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