March New Home Sales History – GTA

And now here is a look back at the new home sales for the month of March from 2000 through 2012.

Similar story as the Q1 2012 sales totals – high rise sales in March 2012 (1,959) were the 3rd highest March of the last 13 years. Low rise sales in March 2012 (1,666) only surpassed March sales in 3 of the last 13 years but it was the 2nd highest March sales total of the last 5 years.

Total new homes sales for March 2012 were 3,625 – just slightly below the long term average of 3,860 recorded over the last 13 years.

More numbers to follow. Add your email address in the right sidebar to be notified….

Q1 NH Sales History – GTA

Looking at the first quarter new home sales activity back to 2000 we see the current quarter (Q1 2012) coming in below the long term average for Low Rise sales and above the long term average for High Rise sales.

The Low Rise sales total for Q1 2012 was however, the 2nd best first quarter of the last 5 years. While the High Rise new home sales total in Q1 2012 was the 4th best first quarter of the last 13 years.

More numbers to follow…..

March 2012 (Q1 2012) GTA New Home Sales

Here’s the quick summary of the GTA new home market. More to follow:

February 2012 GTA New Home Sales

A quick look at new home sales for February 2012. For details please log in at www.realnet.ca

Total NH Sales: 2,579  (-30% from Feb.2011)

High Rise NH Sales: 913  (-59% from Feb.2011)

Low Rise NH Sales: 1,666  (+16% from Feb.2011)

So compared to previous years, high rise sales are well behind the pace set in the first 2 months of the previous 2 years (2011 was record high rise sales year) but still ahead of the first 2 months of 2007 (2nd best high rise year).

Low Rise sales so far this year are the second best ytd of the last 5 years and only slightly behind the pace set in 2010.

Back with more numbers soon…. (enter your email to be notified).

GTA Low Rise New Home Trends

Taking a look at the market share of GTA Low Rise new home sales by Product Type, Lot Type, and Lot Size range we learn the following:

Detached product types made up 56% of the sales in the low rise new homes market in 2011. This is down from a typical rate of over 60% since 2001. Townhouse product accounted for almost 32% of sales in 2011 followed by Semi-Detached at 10% and Link at just under 2%. The biggest mover since 2000 has been Townhouse products which have moved from roughly 20% of the Low Rise new home sales to 32% in 2011.

The 2012 results illustrated in the chart pertain only to the month of January so far.

Now looking at the market share of Low Rise new home sales by Lot Type we see a trend away from Wide-Shallow lots back to Traditional lots and a long-term increase in Rear Lane lots. We define Wide-Shallow lots as those with a depth less than 95 feet.

In 2011 Traditional lots accounted for 57% of Low Rise new home sales, up from a low of 47% in 2006. Moving in the opposite direction is the market share for Wide Shallow lots at 34% in 2011, down from 47% in 2006. Meanwhile, Rear Lane lots have moved from a market share of 3.7% in 2000 to 8.9% in 2011.

2012 figures illustrated in the chart represents data from only the month of January.

Now looking at Low Rise new home sales by Lot Size we get the following market breakdown. The three lot size ranges from 20′ to 49′ have combined yearly to account for 87% to 92% of the Low Rise new home market in the GTA in roughly equal amounts.

But we see a strong divergence in 2011 with smaller lots sizes (20′ to 29′) accounting for almost 36% of Low Rise sales that year when that size range had previously surpassed 30% on only 3 occasions in the past 12 years and only by a small amount.

And perhaps the trend will continue in 2012 as 20′ to 29′ lots accounted for over 41% of January 2012 Low Rise new home sales.

If you have any questions, please don’t hesitate to contact me. I’ll be back with more long term trend data after we report on February 2012 new home sales in the next couple of days.

GTA January 2012 New Home Sales

Here are the January 2012 numbers for GTA new home sales.

Total: 1,794 sales (-21% from Jan.2011)

High Rise: 666 sales (-41% from Jan.2011)

Low Rise: 1,128 sales (-1% from Jan.2011)

January 2012 high rise sales were down significantly from the same month last year (2011 was a record year for high rise sales) but up slightly from January 2007 (the 2nd best high rise sales year) as illustrated in the chart below.

We’re busy collecting February data right now but I’ll be posting some additional information from 2011 and January 2012 in the next few days so please check back or subscribe to email updates.

2011 New Home Sales

RealNet Canada Inc., together with BILD, released the 2011 New Home Market Results on Friday and here are the highlights:

45,926 new homes sold in 2011 – 2nd highest total ever
28,466 high rise new homes sold in 2011 – highest ever
17,460 low rise new homes sold in 2011

A look at new home sales over the last 12 years…..

Check back for more highlights from the 2011 data.