Davisville Village Home Sales Statistics for January 2020
Sales Volume Changes*
All homes - up 16.5% to 127 homes sold
Detached - up 12.5% to 63 homes sold
Semi-detached - up 26.1% to 58 homes sold
Dollar Value Changes*
All homes - up 5.3% to $1,612,700
Detached - up 4.1% to $1,856,229
Semi-detached - up 9.1% to $1,350,009
*MLS 12-month year-over-year changes ending January 31, 2020; Provided by Jethro Seymour
Four houses got new owners in Davisville Village last month, all were detached homes. The average value of the January 2020 transactions was $2,065,450, marking a 48% increase from last year’s January mean of $1,395,500. The average value of detached homes also increased by 19% last month over last year’s January average of $1,735,000.
January home values up by 48% over last year in Davisville Village!
As of February 3, 2020, there are 11 homes on the market in the Davisville Village area. These homes range in price from $1,299,000 for a semi-detached home on Forman Avenue (5 days on the market) to $3,149,000 for a detached home on Belsize Drive which has been relisted (19 days on the market).
Last month, the average Davisville home sold after 11 days on the market. A Belcourt Road home sold one day after it was listed, while the longest remained on the market for 21 days. This doesn’t include the single home that has been listed for more than 30 days or the nine homes that were listed in the month of January and are not selling at their current prices.
Two of the January home sales sold at or above their initial asking prices. The highest selling Davisville Village transaction of the month featured a detached 4-bedroom, 5-bathroom home on a 25 x 140-foot lot with a private drive and garage on Hillsdale Avenue East. It sold for $2,700,000 which was 98% of the asking price. It was followed by a home on Belcourt Road which sold for $2,500,000 which was 100% of the initial listing price.
Entry into the Davisville Village market now requires buyers to spend at least $2,100,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
Consider me your Davisville Village 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.
View Annual Home Sales 2019 here..
January 2020 Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of February 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.