Davisville Village Home Sales Statistics for May 2023
Sales Volume Changes*
All homes - down 34.9% to 97 homes sold
Detached - down 40.2% to 49 homes sold
Semi-detached - down 29.7% to 45 homes sold
Dollar Value Changes*
All homes - down 6.1% to $1,912,000
Detached - down 5.1% to $2,227,197
Semi-detached - down 2.9% to $1,600,029
*MLS 12-month year-over-year changes ending May 31, 2023; Provided by Jethro Seymour
Ten houses got new owners in Davisville Village, Six of which were detached homes and four were semi-detached homes. This is lower compared to the number of homes sold in the same month of last year. The average value of the May 2023 transactions was $2,113,300 marking a 8.8% increase from last year’s May mean average of $1,941,533.
May 2023 Average Monthly Dollar Values are up by 8.8% in Davisville Village
There were 7 homes sold at or above their initial asking prices for the last month. The highest-selling transaction in Davisville Village for the month featured a spectacular detached 4-bedroom, 5-bathroom home on a 25 x 125-foot lot, complete with a private driveway and a 1.5-car detached garage on Manor Road. It sold for $3,325,000 which was 98% of the asking price. Another home on Belsize Drive sold for $3,260,000 which was 99% of the initial listing price. Last month, the average Davisville home sold within 8 days of being listed on the market. A house on Belsize Drive, however, was sold in just two days after it was listed.
While some homes sold quickly, others remained on the market for longer periods. In fact, one home was listed for 14 days, and three others have been listed for over 30 days. Additionally, ten homes listed in May are not selling at their current prices.
As of June 1st, 2023, fifteen homes are currently for sale in Davisville Village. These range in price from $4,000,000 (land value) for a detached home on Merton Street (listed for 9 days) to $1,185,000 for a semi-detached home on Forman Avenue (listed for 2 days).
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May 2023 Sales
in Davisville Village
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|4 Bedroom||1||$1,810,000 ||110%||4|
Source: TREB MLS Sales Data as of June 1, 2023;
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.