The Toronto Real Estate Board reported 2,500 sales in December 2008 compared to 4,646 sales in the same month in 2007.
The City of Toronto was down 52 per cent in Residential sales,(1,105) from December 2007 (2,302).
Prices declined in the 905 Area from $360,307 to $341,847 for December 2008. The city of Toronto declined in average price from $425,842 to $387,482, a drop of 9 per cent.
Prices for Toronto Condos in the Central districts of Toronto were lower, with popular areas showing negative figures from the same period a year ago. One standout was North York C15 with an increase of 14 per cent.
The average price breakdown ( no pun intended ) of Toronto Condos in several Toronto downtown and Central Real Estate districts for December 2008 were as follows:
| District | December 2007 | December 2008 | Change |
| C01 | 369,687 | 332,794 | -10% |
| C07 | 286,250 | 269,858 | -6% |
| C08 | 322,082 | 288,466 | -10% |
| C14 | 307,516 | 281,060 | -9% |
| C15 | 251,388 | 285,750 | +14% |
Other Toronto Real Estate prices and sales for the different Toronto districts can be found on the updated TorontoHomeandCondo.com Market Watch section of our Toronto Real Estate website that includes Condos, Lofts, Town-homes and homes for sale.
