Leaside & Bennington Heights Home Sales for February 2020
Sales Volume Changes*
All homes - up 22.8% to 167 homes sold
Detached - up 21.2% to 126 homes sold
Semi-detached - up 38.5% to 36 homes sold
Dollar Value Changes*
All homes - up 8% to $1,979,896
Detached - up 10.4% to $2,211,637
Semi-detached - up 0.3% to $1,236,542
*MLS 12-month year-over-year changes ending February 29, 2020; Provided by Jethro Seymour
Eleven homes were given new owners in Leaside & Bennington Heights last month including nine detached and two semi-detached homes. The average value of last month's transactions was $2,086,064, marking a 19.7% increase over last year’s February mean of $1,743,335. Detached home values also increased last month, generating average sale prices of $2,199,300, for a 20.7% increase over February of last year.
Leaside & Bennington Heights home sales are up by 22.8% over last year!
As of March 4, 2020, there are 16 homes on the market in the Leaside (C11) area, ranging in price from $649,000 for an attached home on Millwood Road (2 days on the market) to $4,349,000 for a beautiful detached home on Donegall Drive (35 days on the market).
Last month, Leaside properties sold at an average of 15 days after listing. A home on Broadway Avenue sold the day it was listed, while the longest remained on the market for 83 days. This doesn’t include the five homes that have been listed for more than 30 days or the eight homes that were listed in the month of February and have yet to sell at their current prices.
Nine homes sold at or above their initial asking prices. Last month’s most valuable Leaside sale involved a detached 4-bedroom, 5-bathroom home on a 35 x 100-foot lot, with a private drive and garage on Sutherland Drive. It sold for $2,785,000 which was 100% of the initial asking price. It was followed by a home on Burnham Road which sold for $2,750,000 which was 110% of the initial listing price.
Entry into the Leaside market now requires buyers to spend at least $1,600,000 for either a detached or semi-detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
Consider us your Leaside & Bennington Heights neighbourhood real estate expert and information 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 January 2020 here.
February 2020 Sales
& 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 March 4, 2020
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Leaside & Bennington Heights 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.