Yet Again, Toronto Real Estate Sales & Prices Have Increased

Top3122November 5, 2014- The number of home sales has increased 7.7% from this time last year. New listings are up 3.4% compared to October 2013, which is great as low inventory has made it very difficult for hopeful buyers to secure a property. The average sale price has increased 8.9% from a year ago. The average sale price of a detached home in the 416 area is now $951,786 and the average price of a semi is $672,929. See this months’ Market Watch Report from the Toronto Real Estate Board and visit TOrealestate.caAndrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage

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