Although 2009 started off slowly, we quickly gained momentum during the 2nd half of the year. The most prominent issue continues to be a lack of homes being offered for sale, compared to the number of buyers contemplating the market.
Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough.
The GTA housing market has rebounded well from the lows in sales experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable in the Toronto area. Increasingly confident consumers moved to take advantage of affordable home ownership.
The average home selling price in January 2010 climbed 19 per cent to $409,058, compared to 343,632 in the same month last year.
We're the real estate leaders. No one in the world sells more real estate than RE/MAX. In Toronto it's a fact. RE/MAX West Sales Associates out perform the competition day in and day out. You owe it to yourself to work with the best in the industry. Our goal at RE/MAX West is to enhance our Sales Representatives' performance. For more than 28 years RE/MAX has built a solid reputation and recognition for quality service and strength. That's why each one of our six offices are managed by a fully experienced Broker/Manager. Their job is to ensure that our Sales Representatives receive the best support and backup in the industry today.
RE/MAX West understands the importance of maximizing returns when the time comes to sell. It's agents outperform the competition 3 to 1. They know the territory and how to price for maximum market advantage, key ingredients when it comes to driving the best results. And just as important, RE/MAX West offers home buyers among the most active marketplaces in the city. Its web site, www.remaxwest.com is visited by more than 300,000 home buyers every month and provides hundreds of listings and a wealth of information. RE/MAX West Realty Inc. was the first established RE/MAX office in Eastern Canada and is the undisputed leader in residential property sales in Greater West Toronto. Now with six office locations, RE/MAX West Realty Inc. has hundreds of sales associates offering their services in over 30 languages providing one-stop real estate services such as institutional mortgage lenders, homes inspections and legal services. Look to the RE/MAX West professionals to facilitate your real estate needs in 2010 and beyond.