The Toronto Regional Real Estate Board (TRREB) recorded 10,970 residential sales during February, up 52% compared to February 2020 levels. The average selling price during the month was up by 14.9% to $1,045,488. For the first time, the average sale price of a house in the GTA was above $1 million.
Within Durham Region, TRREB reported 1,384 residential real estate transactions, up 55% compared to last February. During February, the average sale price in Durham reached $895,441, up 36% from the average of $657,788 reported last February. The average prices in both Pickering and Uxbridge just surpassed the $1m level, with Whitby close with an average sale price of $996,268.
If you are thinking of a move and want to take advantage of surging real estate values, please contact me. I’ll give you sound, experienced advice. If you choose to sell, my staging services, digital marketing and social media promotions will get you plenty of exposure, ensuring that you achieve a fantastic sale price.