Leaside-Bennington Heights May home values on MLS continued to trend upward in 2014.
12 Month Rolling Average
Last 12 months, May 2013 to the end of May 2014, compared to the previous 12 months, May 2012 to the end of May 2013.
Sales Volume Changes
All Home Sales – no change, to 204 sales
Detached Home Sales – down 8.4%, to 152 sales
Semi-Detached Home Sales – up 40%, to 49 sales
Dollar Value Changes
All Home Values – up 3.5%, to $1,283,286
Detached Home Values – up 7.1%, to $1,453,076
Semi-Detached Home Values – up 6.5%, to $799,803
May Monthly Changes
During the month of May 2014, 32 homes changed hands in Leaside & Bennington Heights, which was 23.8% less than the 42 homes that sold in May 2013. The average dollar values of those transactions were up 22.2% to $1,443,566. Detached home sale values are also up by 21.1% compared to last May. 8 of the 32 homes that sold were semi-detached houses, which had an average sale value of $844,250, up over last May’s numbers by 11.8%.
The value of 2014’s year-to-date 87 detached homes was down slightly by 1.2% or $1,494,435 compared to the 86 detached homes that sold in first 5 months of 2013. Semi detached home saw a 21.1% increase in sales activity and a 4.5% gain in average value.
The highest valued sale on TREB MLS so far in 2014 was $3.2 million, for a home in Bennington Heights. The highest 2014 Leaside sale has been $2.7 million in South Leaside. The lowest valued sale was $675,000 for a 2 bedroom, 1 bathroom semi-detached home on Broadway.
The average size frontage of the 107 sold homes was 32 feet in width. The widest rang in at a very wide 60 feet and the longest was 234 feet. So far this year homes have been selling 5.19% above the listed price.
As of June 15th 2014, there were 24 homes available in Leaside. They range from a 2 bedroom bungalow on Sutherland which has been reduced to $699,000 to a gorgeous home on Glenvale listed for $2,195,000.
For more in-depth information on local real estate trends, contact Jethro Seymour, Broker at Johnston & Daniel, a division of Royal LePage R.E.S. Ltd. Jethro Seymour 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.
All statistical information sourced from the Toronto Real Estate Board’s MLS system