What is happening in real estate sales

Bloor West Village High Park Roncesvalles Village Swansea Kingsway Riverdale Rosedale home sales

Real estate activity is keeping pace with 2006 sales, Toronto Real Estate Board reports, with February's sales close to last year numbers, and the average property price up by 3% from the same time last year.

Looking at some neighbourhoods, the following is what I found. First, the number of new freehold listings:

• In Bloor West Village 23 residences were listed in January and 17 so far in February. In comparison, in the same periods last year, 17 homes were listed in January and 23 in February.
• In High Park 27 homes were listed in January and 14 in February 2007, while in 2006 24 were listed in January and 20 in February.
• In Roncesvalles Village 10 homes were listed in January and only 3 in February. In 2006 9 were listed in January and 6 in February.
• In Swansea 3 properties were listed in January and 17 in February of this year, while last year 10 were listed in January and 6 in February.
• In The Kingsway 12 houses were listed in January and 8 in February, compared to 7 listed in January 2006 and 11 in February 2006.
• In Riverdale 27 homes became available in January and 20 new listings were posted in February, while last year 20 properties were listed in January and 24 in February.
• In Rosedale 5 residences were listed in January and 14 in February, compared to 13 in January and 12 in February of last year.

Out of all these neighbourhoods only two reported more sales this year than in the same period last year. Bloor West Village reported 28 freehold sales this year, while in the same period of 2006 only 26 homes were sold. Riverdale had 29 sales so far in 2007, and only 24 between 1 January and 19 February 2006.

All the other above mentioned neighbourhoods had less sales reported this year, with the biggest difference in Swansea - 7 this year vs. 16 last. Roncesvalles shows 10 in 2007 and 11 in 2006, High Park - 25 this year vs. 26 last, The Kingsway had 8 sales compared to 12 last year, and Rosedale had 8, while in the same time frame last year 11 solds were reported there.

It is too early to properly interpret this information. I will be watching these statistics and reporting them either in this Blog or on one of my real estate websites.