Leaside& Bennington Heights February Home Sales Statistics
Leaside-Bennington Heights February home values on MLS continued to trend upward in 2014. Here is a 12-month look at the current averages, up to February 28th.
Sales Volume Changes
All Home Sales – up 4.2%, to 200 sales
Detached Home Sales – down 2.6%, to 150 sales
Semi-Detached Home Sales – up 35.3%, to 46 sales
Dollar Value Changes
All Home Values – up 5.8%, to $1,274,468
Detached Home Values – up 9.2%, to $1,445,580
Semi-Detached Home Values – up 5.4%, to $755,478
In February of 2014, 16homes changed hands in Leaside& Bennington Heights, which was 27% less than the 22homes that sold in February 2013. There wasn’t a significant change to the average dollar values of those transactions form year to year, which was $1,318,021.In February 2014,only 3 of the 16 homes that sold were semi-detached.
The value of 2014’s year-to-date13 detached homes were essentially flat, down -0.1% or $1,427,256 compared to the 18 detached homes that sold in February 2013
The highest valued sale on TREB MLSso far in 2014 was $2.580 million, for a home in Leaside followed by a $2.550 million in Bennington Heights. The lowest valued sale was $763,000 for a semi-detached home in North Leaside. It is interesting to note the dramatic rise in bungalow prices, this year 2 bungalows have sold (essentially building lots) for an average of $1,033,000 or 34% above the asking price. Million dollar bungalows are new for Leaside. This suggests builders are confident with the prospect of selling newly constructed homes over $2 million.
As of March5th 2014, there were 22 homes available in Leaside. They range from a 2 bedroom bungalowon Sutherland listed for $749,000 to a gorgeoushome on Leacrestlisted for $2,895,000.
For morein-depth information on local real estate trends, contact Jethro Seymour, Broker at Johnston & Daniel, a division of Royal LePage R.E.S. Ltd. Jethro Seymouris 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 the Davisville Village and Leasideneighbourhoods.
All statistical information sourced from the Toronto Real Estate Board’s MLS system