Prices rose 8 per cent over August to $248,604, reaching their highest level since 1990, TREB President Marilyn Baubie reported today. They were also up 9 per cent from September of 1999.
“After a summer lull, we’re back into a seller’s market,” the President said. The surprising price increase was driven by a September-record 4,857 sales, up 1 per cent from the 4,818 recorded in September 1999. However, Ms. Baubie went on to note that sales were off slightly (2 per cent) from the August figure of 4,961.
Breaking down the total 1,808 sales were reported in TREB’s 28 West districts and averaged $227,574; 802 sales were reported in the 14 Central districts and averaged $363,601; 937 sales were reported in the 23 North districts and averaged $266,412; and 1,310 sales were reported in TREB’s 21 East districts and averaged $194,488.