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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, May 10, 2020

Overall home prices hold steady — but detached homes in Toronto fall by almost 8%

It’s not the spring real estate watchers were expecting eight weeks ago. But even as home sales fell through the floor in April, prices held steady in the Toronto area — up 0.1 per cent or $1,000 year over year with an average transaction price of $821,392.

A continued decline in the number of homes listed on the market relative to the number of sales helped stabilize prices in the midst of the unprecedented public health lockdown, said the Toronto Regional Real Estate Board (TRREB) on Tuesday.

Listings that were tight going into the COVID-19 lockdown in March, dropped 64.1 per cent in April compared to the same month last year. Sales plunged 67 per cent year over year in the same period to 2,975 across the GTA.

“While the onset of COVID-19 has understandably shifted market conditions and resulted in average selling prices coming off their March peak, there has continued to be enough active buyers relative to available listings to keep prices in line with last year’s levels,” said the board’s chief market analyst Jason Mercer.

The top and bottom ends of the markets saw the largest declines.

The average price of a detached house in Toronto fell 7.8 per cent to $1.25 million in April, compared to last year. Regionwide, detached homes dipped 3.5 per cent to average $983,630.

GTA condo prices fell 1.7 per cent including a 10.6 per cent drop in Durham Region and 4 per cent decline in Toronto.

Due to a strong first quarter overall, the average price of a detached house this year to date remains 9.1 per cent above last year at $1.01 million. Condo prices this year to date averaged 13.8 per cent more than the first four months of 2019, at a price of $645,859.

The Toronto Star

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