Davisville Village Home Sales Statistics for January 2019
Sales Volume Changes*
All homes - down 36.3% to 109
Detached - down 45.6% to 56
Semi-detached - down 22.0% to 46
Dollar Value Changes*
All homes - down 6.5% to $1,531,965
Detached - down 0.7% to $1,782,480
Semi-detached - down 7.6% to $1,266,746
*MLS 12-month year-over-year changes ending January 31, 2019; Provided by Jethro Seymour
Four homes changed hands in Davisville Village in the first month of 2019, including one detached and three semi-detached homes, marking a 33.3% increase over the 3 home sales we saw in January of last year. The average value of those four homes dropped to $1,395,500, a 13.7% decrease from last year’s January mean of $1,616,667. Last month, Davisville Village detached homes were valued at an average price of $1,735,000, an 8.5% increase from last year’s average of $1,599,500.
Home values drop 13.7% over last year in Davisville Village!
As of February 1, 2019, there are 7 homes on the market in the Davisville Village area. These homes range in price from $1,199,000 for a semi-detached home on Forman Avenue (3 days on the market) to $2,995,000 for a detached home on Hoyle Avenue (4 days on the market).
Last month, four homes sold in Davisville, including one detached and three semi-detached homes. The average time to sell a home was 15 days; one home on Forsyth Crescent sold seven days after it was listed, while the longest remained on the market for 36 days. This doesn't include the three homes that had been listed for more than 30 days or the four homes that were listed in the month of January and are not selling at their current listed prices.
Three of the four January home sales sold at or above their listed price. The most valuable Davisville Village home sale of the month was a detached 3-bedroom, 4-bathroom home on a 25’ x 150’ lot with a mutual drive on Petman Avenue. It sold for 94% of the asking price. It was followed by a home on Forsyth Crescent which sold 10% above the asking price.
Entry into the Davisville Village market now requires buyers to spend $1,200,000 for a semi-detached home and at least $1,700,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
Consider me your Davisville Village 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.
January Sales in
|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 February 1, 2019
Statistics Provided by Jethro Seymour, Broker of Record
Here is the Davisville Village Real Estate market recap for the week of March 1st, 2019. Find out how the current real estate market is doing.
Jethro Seymour is one of the Top Davisville Village Real Estate Brokers and 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.