The Toronto Real Estate Board today released the market statistics report for January 2009. As expected, volumes are down, prices are down and time to sell is up. However, there were still 2,670 single family homes sold across the Greater Toronto Area (GTA) in January.
Toronto Vital Statistics:
* Median Price across GTA dropped 5% from $319,000 in January 2008 to $303,000 this January.
* Average price in the City of Toronto dropped almost 10% to $364,415 this January from $404,202 in January last year.
* Volume of single family home sales are down 47% to 2,670 while average time to sell (Days on Market) is up 36% to 49 days
Beach Vital Statistics:
* Active Listings: 99
* New Listings: 82
* Listing Sales: 31
* Average Sold Price: $427,974
* Median Sold Price :$385,000
* Average Days on Market: 44
* Average Sold % to List Price: 96%
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