The Emmott Team - Above The Crowd!

This section of the website is devoted to providing statistics on the Toronto real estate market. Careful evaluation of this type of information can sometimes provide valuable insight into the market, the factors that drive the market, and possible future trends. Be very careful before making a buying or purchasing decision based on these type of statistics alone. Predicting the future by extrapolating from the past can be very risky without professional advice.

Sales Volume Statistics


2020 Monthly Sales versus 2019


Chart of 2020 vs 2019 sales by month

The Toronto Real Estate Board reported 7,256 homes sold in February 2020. This February sales volume represents a 59 percent increase over the January 2020 sales volume as well as a 45.6 percent increase over the sales volume reported for February 2019.

Annual Sales Volume 1980-2019


Graph of Annual Sales 1980-2019

This chart graphically depicts the number of single family homes sold in the years 1980 through to 2019. The volume of sales in the Toronto area experienced peaks in 1986 and 1988 followed by slow years during the early 1990's. Sales volume picked up from 1996 onwards. Sales of resale homes in 2016 were the highest recorded. Total sales volume in 2018 declined by approximately 31.5 percent from the high of 2016, and was 16.1 lower than 2017. Total sales volume in 2019 was approximately 11 percent higher then 2018.
[Note: the Toronto Real Estate Board's geographic boundaries were changed during the period depicted in the graph, so direct comparisons between 1996 and 1986 for example, are not valid]

Sales Year-To-Date

Graph of 1991-2020 Sales Year to Date

This chart depicts the number of resale homes sold to the end of February for each of the years 1991 through to 2020. 2020 sales volume year-to-date was 32 percent higher then 2019 but 10 percent lower than 2017.

Average Selling Prices

Average Selling Price 1980-2018


Graph of Average Selling Price 1980-2020

This chart presents average price trends for houses in the Toronto area during the last 39 years. House prices clearly peaked in 1989 and then dropped until 1996. House prices have been steadily increasing since then. Prices levelled off during 2008, but resumed their upward climb in 2009, climbing steeply in 2016 and 2017. Prices declined by 4.3 percent in 2018 but rebounded 4.1 percent in 2019.

Average Monthly Selling Price 2020 vs 2019

Image of Average Price 2020 vs 2019

The average selling price of homes that sold during February 2020 was $910,290 - which represents an 8.5 percent increase over the average price reported for January 2020. The February monthly average selling price was also 16.7 percent higher than the selling price reported for February 2019. Average selling price reported on a monthly basis can be misleading as it is comprised of a combination of the real value of property plus the ratio of higher priced to lower priced homes that have sold during the month. The mix of homes sold during February is depicted below in the Sales by Price Breakdown chart.

The average selling price year-to-date to the end of February 2020 was $882,788 - approximately 7.7 percent higher than the average selling price for the full year 2019.

Inventory

Image of number of properties for sale

This chart depicts the number of active listings (properties for sale) on the Toronto Real Estate Board. There were 8,816 properties listed for sale in February 2020 which represents a 13.4 percent increase over the number of properties listed for sale in January 2020 but significantly a 33.6 percent decline from the number of properties listed for sale a year ago in February 2019. The number of new listings coming onto the market in February was 7.9 percent higher than a year ago.

Home Sales by Type/Price


Home Sales by Type of Property:

Graph of Single Family Sales by Type

This chart breaks down single family residential sales during February 2020 into the various different categories of property such as single family detached, semi-detached, townhouse etc.

 

 

Home Sales by Price Range

Image of Sales by Price Range

This chart breaks down sales of single family homes during February 2020 into price ranges so that the most popular (highest selling) price ranges can be quickly determined. Sales volumes during February were highest in the $700,000 - $800,000 price range with sales in the $600,000 - $700,000 range in second place. The mix between sales of higher priced homes versus lower priced homes directly affects the average selling price reported for the month.

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Randi
Randi Emmott, Sales Representative
RE/MAX West Realty Inc.
Tel: (905) 607-2000
E-Mail: remmott@remax.net
Ryan
Ryan Emmott, Sales Representative
RE/MAX West Realty Inc.
Tel: (905) 607-2000
E-Mail: r.emmott@gmail.com