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Second Best February Ever for Home Sales
TREB members recorded 6,060 sales in February, up two percent from February of 2003 and the second best total for the month ever recorded.
"A number of factors contributed to this result," noted TREB president Cynthia Lai. "The leap-year gave us an extra sales day in 2004 and last year's weather was even worse than in this February. Nevertheless, any month with over 6,000 sales is indicative of a very healthy market."
Prices trended higher in February, with the GTA-wide average coming in at $310,190, up five percent over the January figure of $295,989, and up seven percent from the $280,954 recorded during February 2003. "This increase occurred across all four of TREB's four geographic areas," the president noted, "and was accompanied by a two percent increase in the median price, which went to $265,000 from January's $259,978. However, it should be noted that not all districts or neighborhoods were equally active. Prices in the East end of Toronto, for example, rose one percent over 2003."
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Copyright ©2007 Peter Kunz. All rights reserved. |
Royal LePage Partners Realty is an independently owned and operated brokerage. |
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