Davisville Village Annual Home Sales 2019
Six homes changed hands in Davisville Village in the final month of 2019, including one attached, two semi-detached, and three detached homes. The average value of the six transactions came in at $1,333,333, marking an 18.7% decline from December 2018.
Only one of the six December 2019 home sales sold at or above the listed asking price. The month’s highest-value transaction involved a detached 4-bedroom, 4-bathroom home on a 25 x 157-foot Soudan Avenue lot with a mutual driveway and garage, which sold for $1,625,000 (120% of the asking price). It was followed by a home on Merton Street which sold for $1,475,000 (99% of the asking price).
In December 2019, Davisville Village homes sold in an average of 27 days. The quickest sale was a Soudan Avenue property that was sold 10 days after it was listed, while the longest sale period was 12 days.
As of January 3, 2020, there are five homes for sale in the Davisville Village area. They range in price from $2,455,000 for a detached home on Millwood Road (14 days on the market) to $3,195,000 for another detached home on Belsize Drive (67 days on the market).
Sales Volume Changes*
All homes - up 17.6% to 127
Detached - up 5.3% to 60
Semi-detached - up 45.2% to 61
Dollar Value Changes*
All homes - up 3.4% to $1,591,599
Detached - up 3.6% to $1,840,260
Semi-detached - up 6.7% to $1,346,681
*MLS 12-month year-over-year changes ending December 31, 2019; Provided by Jethro Seymour
The 2019 calendar year saw 127 home sales in Davisville Village, up 16.5% from the 2018 total of 109 transactions. The 2019 sales included 60 detached homes, which attracted average sale prices of $1,840,260. This marked a 3.6% increase compared to the 57 detached homes that sold for an average of $1,776,892 in 2018. Semi-detached sales were also up in 2019, increasing by 41.9% over the previous year. Semi-detached properties also experienced a price increase, rising an average of 6.4% from $1,261,627 in 2018 to $1,346,681. Is 2020 the time to buy or sell?
Entry into the Davisville Village market now requires buyers to spend over $1 million for a semi-detached home and at least $1.2 million for a detached home. Buyers continue to seek homes in midtown while low inventory persists as a main driver of competitive bidding.
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Annual Home Sales 2019
|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 January 3, 2020
Statistics Provided by Jethro Seymour, Broker of Record
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.