February 2011 Real Estate Sales & Average Prices for GTA

March 3, 2011 — Greater Toronto Area (GTA) REALTORS® reported 6,266 residential resale homes & condos sold through the TorontoMLS® system in February 2011. This result was 14% lower than the record home sales reported in February 2010.

While not representing a record, February 2011 sales were 50% higher than the number of homes and condos sold and reported in February 2009 during the recession and slightly higher than the average February sales over the previous ten years.

“Continued improvement in the GTA economy, including growth in jobs and incomes and a declining unemployment rate, has kept the demand for ownership housing strong,” said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for homes and condos in February 2011 was $454,423, up 5% from the average selling price reported in February 2010.

February 2011 Sales & Average price by home type

“Market conditions remain quite tight in the GTA. There is enough competition between home buyers to promote continued price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Ryan Chelak, Real Estate Broker -Oakville & Mississauga Real Estate, Homes & CondosIf you are thinking of buying or selling a home or condo in Oakville, take advantage of the boutique real estate services & condominium experience I can provide you or your friends & family.

Visit my website for a free no-obligation real estate market evaluation or email me today!

Category : Residential Real Estate | Blog

Hi everyone and welcome to our little corner of the world. The Oakville Business Network is a group of like-minded business professionals and entrepreneurs who are embracing technology and building lasting business relationships at the same time.

I’ve enjoyed our short journey so far and look forward to years of success through networking.

I’m using my first post on our blog to introduce myself and my business – Oakville Real Estate. My name is Ryan Chelak and I have been working full-time as a licensed Real Estate Broker since 1997. I am a long-time Oakville resident and active within the Oakville community.

I specialize in residential Real Estate and condominium properties. I work closely with a network of private and institutional lenders and manage a Real Estate Investment portfolio of more than $20 million dollars. What you see is what you get – I work closely with you whether you are a first-time-buyer or an experienced investor with personal service, regular communication and attention to detail. My goal is to exceed your expectations by creating a customized service plan to meet your needs.

I embrace technology and the internet to exceed the expectations of my clients and expand my business on a daily basis. I blog regularly on my Oakville and Mississauga Real Estate and Condos Blog and encourage you to read my articles and let me know what interests you through your emails and comments.

I have a strong business background in finance and construction and call on my experience in condominiums, mortgage funds, Real Estate investment, property management, construction and renovation to provide a unique level of service to my clients.

My goal is not to just sell your home, close the sale and move on. I enjoy building lasting relationships with my clients and helping through all the steps of home ownership.

I am the Broker/Manager of Town-City Realty Limited - a boutique Real Estate Brokerage that has been serving the Oakville, Mississauga and Greater Toronto Area since 1965. We are a private Real Estate company that is driven by its Brokers and we will continue to embrace new technologies and enhanced communications to create cutting edge marketing material to maximize your property’s exposure and our results.

Please visit my website www.BuyAndSellYourHome.com for Oakville Real Estate listings and information on news and events that affect the Real Estate market in Oakville, Mississuaga and the Greater Toronto Area. Please feel free to email me or contact me at 905.507.0040. I always enjoy getting questions and comments so let me know what you think…



Category : Member Pages | Residential Real Estate | Blog