Sales Volume Changes*
All homes – down 27.2% to 131
Detached – down 27.3% to 101
Semi-detached – down 23.7% to 29
Dollar Value Changes*
All homes - up 1.9% to $1,802,820
Detached - up 2.5% to $1,969,777
Semi-detached - up 2.4% to $1,248,000
*MLS 12-month year-over-year changes ending June 30, 2018; Provided by Jethro Seymour
Fifteen homes changed hands in the neighbourhood last month, an 11.8% decrease compared to 17 home sales in the same month last year. Eleven of these were detached homes and sold for an average dollar value of $1,908,626, a 6.2% increase from the past year’s peak of $1,797,482. Four semi-detached homes were sold in the neighbourhood for an average dollar value of $1,290,500.
This year’s 73 homes were down 4.9% in dollar value from $1,908,698 to $1,816,044, compared to the 96 homes that sold in the first six months of 2017. The average detached home value also fell from last year’s $2,092,183 to $1,965,302 in 2018, indicating a 6.1% decline. These figures; however, are only for the first six months of the year.
As of July 4th, 2018, there are 25 homes available in the Leaside (C11) area, ranging in price from $1,349,000
for a semi-detached on Vanderhoof Avenue (30 days on the market) to $4,995,000 for a marvelous detached home with a garage on Douglas Crescent (41 days on the market).
In June, 15 homes sold in Leaside, including 11 detached and 4 semis. The average time to sell a home was 9 days. One home sold out 2 days after it was listed while the longest lasted 28 days. This doesn't include the 11 homes that have been listed for more than 30 days or the 12 homes that were listed in the month of June and are not selling at their current listed prices.
Eight of the 15 June home sales sold at or above their listed price. The highest selling home was a detached 5-bedroom, 4-bathroom home on a 40x 123-foot lot, with a private drive and garage. It sold for $3,070,000 or 102% of the listing price on Bessborough Drive. This was followed by a home on the same area, which sold for $2,900,000.
Entry into the Leaside market now requires buyers to spend $1,100,000 for a semi-detached home and at least $1,200,000 for a detached home. Buyers continue to look for homes in midtown while low inventory still continues to drive bidding on homes.
Consider me your Leaside & Bennington Heights 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 Leaside & Bennington Heights
|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|
Source: TREB MLS Sales Data as of July 4, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Davisville Village Home Sales Statistics for June 2018 from Jethro Seymour, Top midtown To...
Jethro Seymour, one of the Top Leaside Real Estate Agents 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.