Greater Toronto Area Realtors® reported 8,081 sales during March 2014, up by 7.2% compared to the same period last year. The average selling price during March for a resale home in the GTA was $557,684, an increase of almost 8% compared to the average reported for March 2013. The average price for the first quarter of 2014 was up by 8.5% cent year-over-year.
“With borrowing costs remaining low, strong home ownership demand will continue to butt up against a constrained supply of listings. Strong price growth will be the result for the remainder of 2014. If the pace of price growth experienced in the first quarter is sustained, TREB may revise its outlook for the average selling price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Within Durham Region, 947 residential home sales reported during March, a 48% increase from the 639 sales recorded during February. The average sale price during the March was $380,267, up 9.6% compared to the average price of $347,055 reported in March 2013. Resale homes in Durham are being quickly during the spring market. During March, Whitby houses sold in just 17 days, proof that Whitby and Brooklin are desirable communities. There is definitely growing number of buyers coming from Toronto, who appreciate all of the amenities and value that Whitby, Ajax and Pickering provides for families.
For more insight into the houses within Durham Region, the Whitby real estate market, or the Brooklin real estate market, contact me. If you are an existing homeowner and are thinking about a, move, I can tell you what your house or condo is worth in today’s marketplace.
Randy Miller
Sales Representative
Re/Max Rouge River Realty Ltd., Brokerage
905-668-1800 or 905-427-1400
randy@randymiller.ca
www.randymiller.ca
No comments:
Post a Comment