Toronto, Ontario - February 04, 2012 - There were 4,567 Toronto & GTA Residential properties sold via the Toronto Real Estate Board MLS® for the month of January, 2012, 8.8% higher than the same month last year.
The average sale price this January was $463,534, up 8.87% over the January, 2011 average.Specifically, detached home in the 416 area code rose 15% year-over-year to an average of $743,993 while detached homes in the 905 area code rose 5% to $530,129.
There were 9,655 new listings reported by the Board during the month [all residential property types], bringing the total to 11,009 active listings - that total number was down 9.1% versus total active listings the prior January, though the new listings figure was actually up 8% year-over-year to 8,937.
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