Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Average Prices and Year End Final Prices in the GTA

January 19, 2015 - Updated: January 19, 2015

 Working on the Calculations

 

Average Prices and Year End Final Prices in the GTA

 

If you are tracking real estate values, prices, the market and performance you need to know how the numbers are calculated. So, here’s a list of the average sales prices, month by month for the last two years. These are the figures with respect to single family homes in the Greater Toronto Area.

 

2013

 

January       $482,028

February     $509,447

March         $517,247

April           $524,823

May            $540,581

June            $529,614

July             $512,286

August        $501,742

September  $532,556

October       $539,354

November   $538,347

December    $520,189

 

 

Annual        $522,958

 

2014

 

January       $526,965

February     $552,857

March         $557,982

April           $578,364

May            $584,902

June            $569,187

July             $550,677

August        $546,683

September  $574,421

October       $588,018

November   $578,353

December    $556,602

 

Annual        $566,726

 

The actual monthly numbers track performance on a monthly basis. It will show ups and downs and naturally it’s more volatile. The actual numbers as presented may indeed be more volatile than the market itself.

 

Naturally, there is also something of a “mush factor” when the month is short as in February, or perhaps, there are too many weekends. There are other months when the market is traditionally not that busy, so there are fewer transactions. That’s true, but the averages should take that into consideration.

 

What number are you going to use for the year end number? Clearly, there are two choices, the actual December 31st number, or possibly some sort of a compilation or averaging of all the monthly numbers. If you select the second method, you are much more likely to report a good year.

 

In 2013, you would show a $2,769 bonus, while in 2014, it would have been $10,124. Going forward, you would always have to track these same numbers.

 

 

If you would like to discuss the market, please give me a call.

 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: gta monthly and yearly average prices
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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