Leaside & Bennington Heights Home Sales for October 2018

Sales Volume Changes*
All homes - down 22.0% to 128
Detached - down 18.4% to 102
Semi-detached - down 36.8% to 24

Dollar Value Changes*
All homes - up 2.9% to $1,865,122
Detached - up 0.9% to $2,022,637
Semi-detached - up 5.5% to $1,263,402

*MLS 12-month year-over-year changes ending October 31, 2018; Provided by Jethro Seymour

Monthly Update

Seventeen homes changed hands in Leaside & Bennington Heights last month, which equaled the number of home sales in October 2017. Fifteen of this year’s October sales were detached homes, which sold for an average value of $2,186,467. This marks a 7.1% increase from the past year’s peak of $1,949,519. Two semi-detached homes sold in the neighbourhood this past month. They were valued at an average price of $983,500, a 21.4% decrease from last year’s $1,250,667.

Year-To-Date Update

Compared to the 140 homes that sold in Leaside & Bennington Heights during the first ten months of 2017, this year’s 114  home sales returned 0.1% more dollar value, rising from an average of $1,858,666 to $1,860,663. The average detached home value fell from last year’s $2,048,417 to $2,018,670 in 2018, indicating a 1.5% decline. These figures, however, are only for the first ten months of the year.

Leaside & Bennington Heights home values up by 2.9% in 2018!

As of November 5, 2018, there are 36 homes available in the Leaside (C11) area, ranging in price from $899,000 for a semi-detached home on Airdrie Road (11 days on the market) to $4,188,000 for an exquisite detached home on Killdeer Crescent (25 days on the market).   

Last month, 17 homes sold in Leaside, including 15 detached homes and two semi-detached homes. The average time to sell a home was 33 days. One home sold a day after it was listed, while the longest lasted 155 days. This doesn't include the 16 homes that have been listed for more than 30 days or the 19 homes that were listed in the month of October and are not selling at their current listed prices. Eight of the 17 October home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 4-bedroom, 6-bathroom home on a 34’ x 165’ Roxville Avenue lot with a private driveway and garage. It sold for $3,645,000, or 100% of the original listing price. This was followed by a home on Glenvale Boulevard, which sold for $2,550,000.  

Entry into the Leaside market now requires buyers to spend $1,000,000 for a semi-detached home and at least $1,100,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as a main driver of competitive bidding.  

Consider me your Leaside & Bennington Heights neighbourhood real estate expert and information resource. When it is time to move, I am here to help with insightful strategies, expert negotiation skills, and results-focused marketing plans. 

View home sales statistics for September 2018 here.

October Sales in Leaside & Bennington Heights 

Source: TREB MLS Sales Data as of November 5, 2018
Statistics Provided by Jethro Seymour, Broker of Record

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.