2011- Second Best Year On Record For Sales in Greater Toronto Area

 

Second-Best Year on Record for Sales

 Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011.

The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries.

Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.

The average selling price in December was $451,436 – up four per cent compared to December 2010.

For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.

TREB’s  forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth.

If you are looking to  buy or sell real estate in 2012,  give me a call and I will provide  you with a step by step,  hassle free  professional service.

Let this year bring you all the best to you and your families!

Nikolay Klyushkin

 

 

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