Sales Volume Changes*
All homes – down 24.1% to 126
Detached – down 17.6% to 75
Semi-detached – down 27.4% to 45
Dollar Value Changes*
All homes - down 2.4% to $1,559,868
Detached - up 1.3% to $1,765,325
Semi-detached – down 8.9% to $1,252,865
*MLS 12-month year-over-year changes ending June 30, 2018; Provided by Jethro Seymour
Seven detached, eight semi-detached, and one attached home changed hands in Davisville Village last month, a 27.3% drop compared to 22 home sales in the same month last year. The average value of those sixteen homes decreased by 13.2% from last year’s $1,595,250 to $1,384,550. Detached homes were valued at an average price of $1,605,686, a 6.7% drop from last year’s $1,720,200. Value for semis also dropped 9.5% from last year’s $1,327,500 to $1,201,000.
For the first six months, fifty-eight homes were sold in 2018, a 45.8% drop compared to the year-to-date June 2017 sales which was at 107. Thirty-one detached homes changed hands so far with an average value of $1,744,415 or a 3.4% decrease compared to $1,805,271 for fifty-eight detached homes sold within the first six months of 2017. Semi-detached home sales also decreased 43.9% from forty-one to twenty-three while value dropped 14.7% from $1,447,031 last year to $1,234,284.
Davisville Village home values drop 2.4 % over last year!
As of July 4, 2018, there are 23 homes available in the Davisville Village area. These homes range in price from $999,000 for a semi on Balliol Street (33 days on the market) to $3,195,000 for a detached home on Manor Road East (49 days on the market).
In June, 16 homes sold in Davisville, including 7 detached, 8 semis, and 1 attached home. The average time to sell a home was 10 days; one home took only 2 days, while the longest lasted 51 days on the market. This doesn't include the 12 homes that had been listed for more than 30 days or the 9 homes that were listed in the month of June and are not selling at their current listed prices.
9 of the 16 June home sales sold at or above their listed price. The highest-selling home was a detached 4-bedroom, 4-bathroom home on a 28.08 x 146 - foot lot with a private drive on Cuthbert Crescent. It sold for $2,088,000 (100% of the asking price). It was followed by a home on Manor Road East which sold for $1,828,000 (8% above the asking price).
Entry into the Davisville Village market now requires buyers to spend over a million dollars. Buyers continue to look for homes in midtown while low inventory still continues to drive bidding on homes.
Consider me your Davisville Village neighbourhood real estate expert and resource. When it is time to move, I am here to help with insightful strategies, expert negotiation skills and results-focused marketing plans.
June Sales in Davisville Village
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Semi-detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Attached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of July 4, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Leaside & Bennington Heights Home Sales Statistics for June 2018 from Jethro Seymour, ...
Jethro Seymour, one of the Top Davisville Village Real Estate Brokers at Royal LePage RES Ltd., Johnston & Daniel Division.
Jethro is a midtown Toronto residential specialist with over 20 years of sales experience in real estate, marketing, construction and publishing. He has helped many families find homes in Toronto’s great neighbourhoods, and has extensive knowledge of local markets, new home construction, resale home sales, and the condo market. Living in midtown Toronto, Jethro previews many of the homes that come to market for his clients and inventory knowledge. Jethro specializes in Midtown, Davisville Village and Leaside neighbourhoods.