Sep 8 | Posted by Barry

Each month, the Toronto Real Estate Board (TREB) releases a MarketWatch Report. The following statistics were obtained from the August 2010 Report and make comparisons to the same period one year ago.

As of August 31, in York Mills (C12), there were 143 active market listings, a decrease of just over 2% from the previous year’s statistics.

The total volume sold for the month of August decreased by nearly 20% yet the median price increased by 7%. This volume decrease is likely a direct result of the HST implementation in July.

For August 2010, much like August 2009, homes sold for 97% of the listing price.

What do these facts mean to you?

  • Short-term effects of the HST are still being felt.
  • Property value in the York Mills (C12) area continues to increase.
  • There are fewer active homes on the market.
  • It’s time to call Barry for first hand information and insight into soon-to-be launched homes.

Source: Toronto Real Estate Board – MarketWatch August 2010 and August 2009.