Leaside & Bennington Heights Home Sales for September 2018
Sales Volume Changes*
All homes - down 21.5%to 128
Detached - down 19.8%to 101
Semi-detached - down 30.6% to 25
Dollar Value Changes*
All homes - up 1.8%to $1,836,070
Detached - up 0.2% to $1,988,171
Semi-detached - up 7.6%to $1,284,266
*MLS 12-month year-over-year changes ending September 30, 2018; Provided by Jethro Seymour
Nine homes changed hands in Leaside & Bennington Heights last month, a 30.8% drop compared to 13 home sales in September of last year. Eight of these were detached homes, which sold for an average value of $2,404,875. This marks a 12.5% increase from the past year’s peak of $2,137,000. Only one semi-detached home changed hands in the neighbourhood this past September, and it sold for $970,000.
Compared to the 123 homes that sold in the first three quarters of 2017, this year’s 97 Leaside & Bennington Heights home sales returned 1.9% less dollar value, falling from an average of $1,863,155 to $1,828,367. The average detached home value also fell from last year’s $2,063,146 to $1,985,552 in 2018, indicating a 3.8% decline. These figures, however, are only for the first nine months of the year.
As of October 5, 2018, there are 34 homes available in the Leaside (C11) area, ranging in price from $949,000 for a semi-detached home on Airdrie Road (59 days on the market) to $3,699,000 for an exquisite detached home on Bessborough Drive (66 days on the market).
Last month, nine homes sold in Leaside, including eight detached homes and one semi-detached home. The average time to sell a home was 27 days. One home sold on the same day it was listed, while the longest lasted 74 days. This doesn't include the 19 homes that have been listed for more than 30 days or the 14 homes that were listed in the month of September and are not selling at their current listed prices. Four of the nine September home sales sold at or above their listed price. The month’s most valuable Leaside & Bennington Heights sale involved a detached 4-bedroom, 5-bathroom home on a 32.5’ x 135’ Bessborough Drive lot with a private driveway and garage. It sold for $3,650,000, or 104% of the original listing price. This was followed by a home on the same street, which sold for $3,250,000.
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 endures as a main driver of competitive bidding.
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September 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 October 5, 2018
Statistics Provided by Jethro Seymour, Broker of Record
Davisville Village Home Sales Statistics for September 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.