TREB Members reported 5,825 sales of single-family dwellings in April, Jimmy Lee, TREB President, announced today. While this was down nine per cent from the 6,423 recorded in April 1997, it beat March’s total of 5,005 sales by 16 per cent. Prices edged upwards in April. The average rose marginally to $222,194 from $221,564, and the median went to $189,000 from $187,000, a gain of one per cent.
Further, prices were up from the previous year’s figures. The average increased four per cent from $213,107 last year, and the median rose two per cent from $185,000 in April ’97. Active listings were on the rise in April, up seven per cent to 22,174 from the 20,654 recorded in March. They were down less than one per cent from the 22,311 seen in April of 1997.
TREB’s 5,825 single-family dwelling sales, which were reported throughout the Greater Toronto Area, totalled $1,294,280,282, and averaged $222,194. The median price was $189,000. Breaking down the total 2,221 sales were reported in TREB’s 28 West districts and averaged $203,430; 840 sales were reported in the 14 Central districts and averaged $329,757; 1,045 sales were reported in the 23 North districts and averaged $246,470; and 1,719 sales were reported in TREB’s 21 East districts and averaged $179,119. In addition to the sales of single-family dwellings, TREB Members reported 1,129 sales of properties of other types (P.O.T.) during April moving the total to 6,954. The dollar volume for properties of all types (P.A.T.) was $1,601,125,236, and the average price was $230,245.