December 2020 Record Sales - Up by 64.5% & Average Price Up by 11.2%, Average Selling Price in 2020 Up by 13.5%
Thursday Jan 07th, 2021
2020 Home Sales - the 3rd Best result on Record, Avg. Selling Price Reached a New Record
Despite COVID-19 with its restrictions and uncertainties, Greater Toronto Area REALTORS® reported over 95,000 home sales in 2020 – the third-best result on record.
The average selling price reached a new record of almost $930,000.
Highlights from 2020 include:
95,151 sales were reported through TRREB’s MLS® System – up by 8.4% compared to 2019.
Record Sales in December with 7,180 sales – a year-over-year increase of 64.5%.
Sales growth was strongest in the GTA regions surrounding Toronto, particularly for single-family home types.
The average selling price compared to 2019 reached a new record of $929,699 – up by 13.5%.
This included an average price of $932,222 in December – a year-over-year increase of 11.2%.
The strongest average price growth was experienced for single-family home types in the suburban regions of the GTA.
Summary of TRREB MLS® Sales and Average Price - December 1 - 30, 2020
|
|
2020 |
2019 |
||||
|
|
Sales |
Avg. Price |
New Listings |
Sales |
Avg. Price |
New Listings |
|
City of Toronto (416) |
2,713 |
894,576 |
2,281 |
1,666 |
886,030 |
1,352 |
|
Rest of GTA (905) |
4,467 |
955,086 |
3,584 |
2,698 |
809,412 |
2,178 |
|
GTA |
7,180 |
932,222 |
5,865 |
4,364 |
838,662 |
3,530 |
TRREB MLS® Sales and Average Price By Home Type, December 1 - 30, 2020
|
|
Sales |
Average Price |
||||
|
|
416 |
905 |
Total |
416 |
905 |
Total |
|
Detached |
657 |
2,381 |
3,038 |
1,475,758 |
1,175,753 |
1,240,632 |
|
Yr./Yr. % Change |
41.9% |
58.5% |
54.6% |
8.1% |
22.7% |
17.7% |
|
|
|
|
|
|
|
|
|
Semi-Detached |
197 |
394 |
591 |
1,160,108 |
829,437 |
939,660 |
|
Yr./Yr. % Change |
57.6% |
56.3% |
56.8% |
15.3% |
17.4% |
16.6% |
|
|
|
|
|
|
|
|
|
Townhouse |
296 |
986 |
1,282 |
842,902 |
746,130 |
768,474 |
|
Yr./Yr. % Change |
60.9% |
82.3% |
76.8% |
17.6% |
13.3% |
14.1% |
|
|
|
|
|
|
|
|
|
Condo Apartment |
1,551 |
642 |
2,193 |
625,828 |
540,472 |
600,840 |
|
Yr./Yr. % Change |
75.9% |
74.5% |
75.4% |
-4.7% |
6.3% |
-2.0% |
For more information, please click this link: https://trreb.ca/index.php
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