60 Second Market Watch – August 2009 – Mid-Month Report: TREB reports 27% increase in sales from previous Year

The Toronto Real Estate Board has just issued a press release regarding sales in the first two weeks of August 2009.

The big news for me, is that despite the horrendous start to the year, and in fact entering into a Buyers Market for a few months for the first time in many many years – Toronto Real Estate Board year to date sales are up compared to the same time last year, for the first time in 2009. This is definitely attributed to by the record setting sales that we saw in the months of May, June and July.

Breaking down the numbers for the first two weeks of August 2009 (when compared to the same time period last year), sales are up 27% to 3,832 (from 3,019) and average prices are up to $385,603 from $373,844, a 3% increase. Below is a summary of the report.

avg_price

Congratulations to all you home buyers and sellers during this incredible time for the Toronto Real Estate Board!

Roy Bhandari (B.Comm Hons)
Signature Service/GMAC Real Estate

Archives:
60 Second Market Watch – July 2009 – Sellers Market back in full swing
60 Second Market Watch – July 2009 – Mid-Month Report: TREB reports 27% increase in sales from previous Year
60 Second Market Watch – June 2009 – TREB Reports Best June on Record

About the Author

Roy Bhandari

Roy is the younger of the brothers and has a sound knowledge of the marketplace. He excels in marketing, design, and advertising having graduated with an Honour's Degree in Marketing Management. Marketing is an important aspect of any business, but effective marketing drives consumers and sets you apart from everything else. It is imperative that you have someone that understands the theories and techniques so you can take advantage of the competitive edge.