Leaside & Bennington Heights Home Sales for August 2018
Sales Volume Changes*
All homes – down 22.4% to 132
Detached – down 18.8% to 104
Semi-detached – down 35% to 26
Dollar Value Changes*
All homes - up 2.9% to $1,822,272
Detached - up 1% to $1,971,858
Semi-detached - up 7.1% to $1,283,140
*MLS 12-month year-over-year changes ending August 31, 2018; Provided by Jethro Seymour
Six homes changed hands in Leaside last month, a 50% increase compared to four home sales in the same month last year. Five of these were detached homes, which sold for an average value of $1,724,000. This is a 23.5% increase from the past year’s peak of $1,395,500. Only one semi-detached home changed hands in the neighbourhood this past August, and it sold for $1,170,000.
Compared to the 110 homes that sold in the first eight months of 2017, this year’s 88 home sales returned 3.4% less dollar value, falling from an average of $1,849,418 to $1,785,712. The average detached home value also fell from last year’s $2,053,358 to $1,936,220 in 2018, indicating a 5.7% decline. These figures, however, are only for the first eight months of the year.
As of September 6th, 2018, there are 25 homes available in the Leaside (C11) area, ranging in price from $949,000 for a semi-detached home on Airdrie Road (30 days on the market) to $3,699,000 for an exquisite detached home on Bessborough Drive (37 days on the market).
Last month, six homes sold in Leaside, including five detached and one semi-detached home. The average time to sell a home was 16 days. One home sold out six days after it was listed while the longest lasted 34 days. This doesn't include the 17 homes that have been listed for more than 30 days or the six homes that were listed in the month of August and are not selling at their current listed prices.
None of the six August home sales sold at or above their listed price. The highest-selling home was a detached 3-bedroom, 4-bathroom home on a 27.5’ x 100’ Sutherland Drive lot with a private driveway and garage. It sold for $2,070,000, or 99% of the listing price. This was followed by a home on Rykert Crescent, which sold for $1,985,000.
Entry into the Leaside market now requires buyers to spend $1,100,000 for a semi-detached home and at least $1,200,000 for a detached home. Buyers continue to look for homes in midtown while low inventory still continues to drive bidding on homes.
Consider me your Leaside & Bennington Heights 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.
August Sales in Leaside & Bennington Heights
|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 September 6, 2018
Statistics Provided by Jethro Seymour, Broker of Record
Davisville Village Home Sales Statistics for August 2018 from Jethro Seymour, Top midtown ...
Jethro Seymour is one of the Top Leaside 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.