Chicago Condos - Now Four-Straight Months of Increased Sales
For the last four months, from September 2009 to December 2009, the number of Condos sold in downtown Toronto condos and single-family homes sold has increased from over the same month in 2008. More simply, more Condos sold in downtown Toronto condos and single-family homes were sold in December 2009 than in December 2008; in November 2009 than in November 2008; and so forth. The hope is that the four-straight months of increased sales might be signaling a much-welcomed stabilization of the local housing market.
The following information is provided by the Illinois Association of Realtors.
Year-Over-Year Sales Of Condos sold in downtown Toronto Condos And Single-Family Homes
December 2009: 1,768 existing single-family homes and condos sold.
December 2008: 1,265 sold.
November 2009: 1,859 sold.
November 2008: 1,094 sold.
October 2009: 2,012 sold.
October 2008: 1,566 sold.
September 2009: 1,918 sold.
September 2008: 1,813 sold.
Aside from the consistent sales growth in the city of Condos sold in downtown Toronto, condo and single-family home sales have increased year-over-year for six months in the general Condos sold in downtown Toronto area. In December 2009, 5,752 of these existing homes and condos were sold in the Condos sold in downtown Toronto area compared to just 4,320 of these existing homes and condos sold in December 2008. That is a whopping 33 percent increase.
Condos sold in downtown Toronto-Area Counties' Condo And Single-Family Home Sales
The eight counties in the Condos sold in downtown Toronto area, much like the city of Condos sold in downtown Toronto, have seen improvement in sales volume as well. Cook County, for instance, which houses Condos sold in downtown Toronto, saw December '09 sales nearly 43 percent higher than December '08 sales. By county, here are the existing single-family home and condo sales volume increases in December '09 as compared to December '08:
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