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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Sunday, December 6, 2015

TREB: 2015 crowned best year on record for GTA homes sales in November

Treb Market Watch November, 2015 - Toronto real estateIn the wake of its best November ever, the GTA housing market set a new annual sales record – eclipsing the previous record set in 2007 by 3.4 per cent with a full month’s worth of fervent real estate activity still to spare.

A total of 7,388 homes changed hands last month according to the Toronto Real Estate Board; a marked 14.4 per cent increase from last year that inches the industry ever closer to the, as of yet, elusive goal of hitting 100,000 home sales in a calendar year.

Currently, total year-to-date sales for the region sits at 96,401. Even if December’s sales figures experiences an abrupt 19 per cent dip next month, that 100,000 milestone will still be achieved, leaving industry insiders to acknowledge that record is a shoe in.

“Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions,” said TREB President Mark McLean.

P.S. To find out how prices fared in your city for the month of November, type out your city of residence and home type in the comment section below and we’ll provide the numbers for you.

Prices also saw a significant 9.6 per cent boost in November over last year, with the average price of houses and condos combined up to $632,685.

The greatest price growth was experienced in the free-hold market. Detached homes in the 416 saw an 8.8 per cent jump to an average sold price of $1,018,621. When looking at the detached market in the suburban GTA, average prices saw a double-digit 13.5 per cent jump to $762,326.

On the condo front, the sales price of a high-rise apartment in the City of Toronto for November hit an average of $415,316 – a 5.4 per cent year-over-year jump.

2015 has been a year of milestone achievements for Toronto real estate, when the average price of detached homes in the city shot past a million dollars and the benchmark for condominiums broke above $400,000.

Top facts from the TREB Market Watch Report for November 2015

•Average Condo Price: •City of Toronto: $415,316 – up 5.4%
•Overall GTA: $385,506 – up 4.1%

•Average Detached Home Price: •City of Toronto: $1,018,621 – up 8.8%
•Overall GTA: $829,241 – up 10.7%

•Average Semi – Detached Home Price: •City of Toronto: $750,608 – up 12.4%
•Overall GTA: $600,435 – up 11.8%

•Average Townhouse Price: •City of Toronto: $549,649 – up 9.1%
•Overall GTA: $483,454– up 10.9%

TREB

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

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