Davisville Village Home Sales Statistics for May 2020
Sales Volume Changes*
All homes - down 12.4% to 106 homes sold
Detached - down 10.3% to 52 homes sold
Semi-detached - down 9.3% to 49 homes sold
Dollar Value Changes*
All homes - up 3.6% to $1,636,754
Detached - down 0.4% to $1,852,537
Semi-detached - up 6.8% to $1,405,592
*MLS 12-month year-over-year changes ending May 31, 2020; Provided by Jethro Seymour
Five houses got new owners in Davisville Village last month, including two detached and three semi-detached homes. This marks a 76.2% drop compared to the 21 homes sold from the same month of last year. The average value of the May 2020 transactions was $1,700,800, marking a 2.9% decline from last year’s May mean of $1,750,714.
For the first five months of 2020, 32 homes have sold in Davisville Village. This marks a 39.6% drop compared to year-to-date sales figures through May 2019, which saw 53 completed transactions. Seventeen detached homes have found new owners so far this year, with average sale prices of $2,078,871. This is a 5.2% increase over the 2019 year-to-date mean of $1,976,980. The average value of semi-detached homes also increased by 16.1% compared to the year-to-date mean through May 2019, rising from $1,361,885 to $1,581,108.
Davisville Village home values up by 3.6% over last year!
As of June 1, 2020, there are 20 homes on the market in the Davisville Village area. These homes range in price from $1,298,000 for semi-detached home on Lemay Road (5 days on the market) to $3,495,000 for a semi-detached home on Thurloe Avenue which has been just relisted.
Last month, the average Davisville home sold after eight days on the market. A Millwood Road home sold two days after it was listed, while the longest remained on the market for 15 days. This doesn’t include the six homes that have been listed for more than 30 days or the 12 homes that were listed in the month of May and are not selling at their current prices.
Three of the five May 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 125-foot lot with a front yard drive on Tilson Road. We sold it for $2,375,000 which was 95% of the asking price. It was followed by a semi-detached home on Manor Road East which sold for $1,800,000 which was 97% of the initial listing price.
Entry into the Davisville Village market now requires buyers to spend $1,200,000 for a semi-detached home and at least$1,600,000 for a detached home.
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 Home Sales Statistics for April 2020 here..
May 2020 Sales in
|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 June 1, 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.