The leading Leaside home sale indicators are continuing to trend upward in 2015. A 12 month look at the rolling averages are articulated below.
Sales Volumes Changes
All Homes Sales – up 10.7%, to 228 sales
Detached Home Sales – up 18.1%, to 183 sales
Semi-Detached Home Sales – down 17.4%, to 38 sales
Dollar Value Changes
All Home Values – up 4.4%, to $1,332,296
Detached Home Values – down 0.2%, to $1,442,329
Semi-Detached Home Values – up 10.0%, to $827,245
In January of 2015, only 3 homes changed hands in Leaside, which was much fewer than the 10 homes that sold in January 2014. There is a significant lack of inventory this past January. This market produces some interesting home transactions. Notably, a home on Eglinton sat on the market for 49 days and still sold for 11% over its asking price.
Last month we commented on a North Leaside bungalow that sold for $1,203,000. It was situated on a 35-foot (frontage) lot. Well, what a difference a month makes, along with location and frontage. In January a 23-foot (frontage) South Leaside bungalow sold for $752,000. Location and frontage are two key factors for builders in Leaside.
As of February 11th 2015, there were only 7 homes available in Leaside. There were 22 this time last year. They range from a 3 bedroom semi-detached home on Broadway listed for $739,900 to a newly built home on Parkhurst listed for $2,159,000.
All statistical information sourced from the Toronto Real Estate Board’s MLS system
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 (Phone: 416-712-0767, Email: Jethro [add]SeymourRealEstate [dot ca], or visit Jethro’s website at www.SeymourRealEstate.com.) 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 the Davisville Village and Leaside neighbourhoods.
Jethro Seymour, one of the best Toronto Midterm Toronto Agents at Royal LePage RES Ltd., Johnston & Daniel Division. #SeymourRealEstate