Values up 11.3%in 2012
In Leaside and Bennington Heights, home sales in December decreased compared to the same period in 2011, dropping to 3 sales this year compared to 6 in 2011. The value of a home in Leaside and Bennington Heights increased 14.5% over December 2011, to an average sale price of $1,179,000. This December, homes sold at an average of 99% of the asking price in 11 days.
In 2012, 178 homes were sold in Leaside and Bennington Heights for an average price of $1,206,790. That represents an 11.3% gain in value over the 2011 average home prices.
As we would expect, 81% of the 2012 homes were detached, while only 16% were semi-detached and 8% were bungalows. Interestingly, that 8% translates to 14 bungalows over the year, which means a number of new custom homes will be coming to market in 2013 & 2014. Custom homes have been selling for $1.4 million to $2.3 million recently.
In 2012, homes in Leaside & Bennington Heights sold on average for 102% of the asking price in 14 days - Still a very active market.
As of January 3rd, 2012, there were 10 homes available in Leaside and Bennington Heights. Homes range from a spacious bungalow on Leacrest Avenue for $1,099,000 to a 4+1 bedroom, 5 bathroom modern home on Divadale Drive for $2,900,000.
I make a point of seeing every home that comes on the market and can answer any questions you may have about trends, streets and homes. Contact me today!