recharts
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Above in bold you reference 1,518 sales (and avg condo prices of $341), but you didn't say what those sales refer to. I presume they are condos+townhouses?
TREB's 2012 july mid-month data references 1481 sales, and average condo prices of $329k.
http://www.torontorealestateboard.c...market_updates/news2012/nr_mid_month_0712.htm
So that would be a 2% increase in sales volumes, and a 4% avg price increase.
I'm a RE bear, but those figures demonstrate ongoing strength in the market (although I wonder if rising rates might have brought demand forward)
Yes, that was for Condos and Condo Townhouses and I stopped with looking at the # of sales right there since I noticed that the average price was down.
Bmy opinion the numbers of sales decreasing and steady prices prove that the market is worsening but resisting. When the number of sales increases and the prices decrease that is sign of panic and that tells you that the market (the sellers) gave up on resisting
This is what I am reading in my values for condos quoted above.
Note that these are stats compiled on the fly not based on more elaborated Excel based analysis and for that reason I could not change the format of the report
I basically used a script that I use for daily stats but I pointed the script to 15 days ago and this is why you see those values still there. Practically I realized that I could use my script to find out in an instant what was going on without connecting Excel to the database and playing with pivot tables. Hence the remains of the "daily view" numbers that you bolded
So if you allow me to keep the focus on condos (which I understand it is the main interest area around here) the mid month prices a year ago were:
416 Condos= 349730
905 Condos= 277441
The above are adjusted values as we all know by now.This year:
416 Condos:354031
905 Condos:288354
If you take away 3% of the transactions you might break even at best.
For Toronto we have 840 condos sold so far (again unadjusted value)
I am not sure how you calculated the 2% increase in sales
If you remove the 11 properties above 1 mil you have a 341K average for Toronto (that might compensate for the 3% of transactions which usually don't complete although thei are reported)
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