November 2007 Market Watch

November 2007 Market Watch

Last month became the best November on record with 7,313 resale home transactions in the GTA.

TREB President Maureen O’Neill announced today, “…eight of the 11 months so far this year set new monthly records. No other year has shown as many record-breaking monthly performances.”

Sales were up 16 per cent in November compared to the same timeframe last year.

At $393,757, November’s average price increased 11 per cent as compared to a year ago and remained in line with the previous month. Some of the most significant activity in November took place in the 416 area code.

Based on strong sales in all housing types, Riverdale (E01) saw a 56 per cent increase in transactions compared to November 2006.

In the Islington/Kingsway (W08), sales rose 55 per cent over last November, driven primarily by an increase in detached home sales.

“These numbers reflect the fact that people who live in the Greater Toronto Area see real estate as an excellent long-term investment”, said Ms. O’Neill.

Neighbourhood Watch – November 2007

E02 -The Beach (coxwell, danforth, victoria park)
Detached: $656,336
Semi-detached: $470,466
Condo: $334,875

E03 – Danforth North (DVP, victoria park, danforth)
Detached: $456,566
Semi-Detached: $385,611
Condo: $152,892

E01 – Danforth South & Riverdale (DVP, danforth, coxwell)
Detached: $575,183
Semi-Detached: $426,261

C04 – Bedford West & Lytton Park (allen, 401, yonge, eglinton)
Detached: $1,017,494
Semi-Detached: $548,417
Condo: $350,372

C09 – Rosedale (yonge, st.clair, bayview, bloor)
Detached: $1,388,701
Semi-Detached: $1,587,500
Condo: $557,833

C03 – Forest Hill (allen, eglinton, yonge, st.clair)
Detached: $870,798
Semi-Detached: $616,600
Condo: $774,396

C12- Lawrence Park/Bedford East (yonge, 401, leslie, eglinton)
Detached: $1,465,176
Semi-Detached: n/a
Condo: $684,182

Source: Toronto Real Estate Board November October 2007

MarketWatch – for the full report, click here.

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