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Milton real estate sales leads the ý"GTA" M By Fabe Fedrigo, Manager Milton Branch, Prudential Town Centre Realty Ground hogu, robins, tulips, garden nurseries and homes sellers ail love the warmer weather The sign- ponts of Spring put a definite bounce in the ntep of home buyers across the Greater Toronto Area (GTA). May sales activity mas up 7.9 percent in Oakville, Toronto up almost 2 percent, Burlington lu down 8.8 percent mith Milton leading the may with an extraor- dinary 37 percent increase over the name period last year. Not onîy are sale rising in Milton, but the sales to listing ratio has been increasing. This is a strong indicator of the market's ability to absorb new listing inventory. In fact at the end of May, the absorption rate for Milton ns 1.97 months which means that the current inventory milI be sold out in about 2 months if no nem listings were to come onto the market. The chart confîrms that the median price is on an upward trend in every area within the GTA since the beginning of the year. Also the gap between this year and last year ns narroming. Milton i5 certainly the ' Hot Market" in and around theGTA. Most notable lu Miltos annual sales activity lu ns 21.0 percent ahead of this time last year. May sales alone jumped a healthy 37.0 percent. This robust mar- ket lu being driven by the healthy sales demand for detached 2 ntorey homes mhich have posted a 54.3 percent jump oser last year at this time. Townhomes are the second mont popular housing style with buy- ers this year. Freehold townhomes sales are up 48.6 percent, mhile condominium town hounes recorded an increase of 37.3 percent ahead of last year. Semi- detached homes have also been a popular style mith buyers moving up a healthy 26.4 percent oser this time last year. There is no doubt that this level of sales activ- ity within the Milton market has been sparked by the greater affordability of homes as a resuit of moder- ating prices and record low mortgage rates. This is a truly an estremely affordable and attractive time for first time buyers, move up buyers and investors to take positive action. Prudential Town Centre Realty is also enjoying enciting volume gromth and succeus. On a year to date basis sales are up 39 percent over last fear. Dur growth ns attributed to the strong representation of our Milton melI esperienced and capable sales rep- resentatives. We would like to congratulate Domenic and Jody Manchisi and their team members. In 2008 the Manchini Team was the number one team within Canada for Prudential. We have many top perform- ers and award winners in our Milton office, including Donna Stark, Chris & Andrea Seventikidis and the Ga- rant Team. They aIl continue to grow their respective lists of satisfied clients by providing exceptional ser- vice and innovative marketing techniques. New addi- tions to our Prudential office include Joe Pecharich (a well respected and experienced salesperson in Milton and area) along with Joe Taglieri and Karen Collins have had significant impact in our business growth and market share. Prudentiat Town Centre Realfr as owned by Brokers Allas Bain & Michael Srorhers and isuan independently operated fran- chise of Pmudenral Reat Estate Affiliates. Prudenrîal Tuwn Centre Realtyhas over225 sales associates and staff workîng from t0 locations across Ontario including Ni- agara, Bronre/Burfington, Oakvitte, Miton, Missinsauga, the GTA, Kingston, Brockvitte/troquois, MerrickvttieKemptvile, and Ottawa. If you are interested in beconsng one of our valued clients please cati Mr Bain or Mr. Srorheos ar 905-338-6550 or contact une ut sales represestatives. Marketing Sratisics were complied by data obtained from TREB (Torot Reat Estate Bard,' and by OMDREB (the Dakvile Milton & District Real Estate Board). They should neyer be used when making a decision regarding the seling or buying of prop- erty We strongy recommend that you consut a reat estare pro- fessional regarding your specific situation. Greater GTA Area 2009 Year To Date Median Price Trend Location Jan Feb MW Apr Miay Oakville $382.500 $381.000 $381,000 $405.000 $415,000 Milton $309,000 $304,250 $302,500 $310,000 $315.000 Surllngton $304,377 $300,382 $305,474 .$308,796 $318,710 Toronto East $258.00 $266.000 $267,000 $270.000 $276,000 Toronto Central $352,875 $350.000 $349.000 $352.000 $356.000 Tloronto West* $299.472 $295,075 $318,239 $332.567 $333,400J Excludes Halton &. Brampton Regions