The average price of a home rose 1 per cent in September, to $228,431 from the $225,976 recorded in August, and was up almost 7 percent from September ’98 price of $213,917, TREB President Bill Palander announced today.

“Prices have risen two months in a row now, showing continued growth in our marketplace. The President went on to say that last month’s 4,818 sales were the best numbers we’ve ever seen in September. “Barring unforeseen mishaps, we expect the good news to just keep coming.”

Breaking down the total 1,854 sales were reported in TREB’s 28 West districts and averaged $214,328; 736 sales were reported in the 14 Central districts and averaged $319,797; 927 sales were reported in the 23 North districts and averaged $244,869; and 1,301 sales were reported in TREB’s 21 East districts and averaged $185,131.

Click to view Residential Market Update September 1999