Toronto Real Estate Market Update: The Beaches and Riverdale Area

Cristina van Blommestein, Royal LePage Estate Realty. (416)606-4663

Direct : 416 606 4663 Office: 416 690 2181 Email:

 Cristina's Toronto Real Estate (Serving The Beaches, Riverdale, Kingston Road Village, East York, Cliffside Village, Toronto Central, Rosedale), Homes for sale and MLS listings

April 4, 2007 -- Prices increased moderately in March, with the average up three per cent over 2006 to $365,285. "Prices are rising above the rate of inflation (currently about two per cent), but not so rapidly that first-time buyers will be pushed out of the market," said TREB President Dorothy Mason.

During last month TREB Members reported 8,518 sales of single-family dwellings across the GTA. "While down modestly (two per cent) over last year's total of 8,707, any result over 8,000 must be considered a strong performance," noted the President, "We expect a similarly robust showing from the remainder of the spring market."

Breaking down the total, 3,233 sales were reported in TREBs 28 West districts and averaged $343,475; 1,521 sales were reported in the 14 Central districts and averaged $471,804; 1,706 sales were reported in the 23 North districts and averaged $400,392; and 2,058 sales were reported in TREBs 21 East districts and averaged $291 ,721.


The Beaches and Riverdale

During the first three months of 2007, TREB Members recorded 215 sales in The Beaches area (E-2) for an average price of $461,311, up one per cent over the 2006 three-month total of $454,495. Detached homes sold for $565,060, and semis averaged $419,234. Riverdale (E-1) saw 216 sales during the same time-frame; detached homes averaged $436,091, up 12 per cent from the 2006 figure of $390,388.