Toronto Real Estate was up 27 per cent in the first two weeks of August compared to the same time last year.

The Toronto Real Estate Board reported 3,832 home sales with the average price of $385,603 down less than 0.5 per cent over the comparable time last year.

Toronto resales were 1,465 in the first half of August with the average resale price of $391,252.

In the 905 area there were 2,367 sales in the first half of August with the average resale price of $379,181 well up from the 2008 average price of $360,326.

These Toronto Real Estate Stats are showing a bit of balancing from the big dip in resales at the beginning of this year, according to TREB..