Leaside & Bennington Heights Home Sales for June 2022
Sales Volume Changes*
All homes - down 25% to 144 homes sold
Detached - down 23.8% to 115 homes sold
Semi-detached - down 33.3% to 26 homes sold
Dollar Value Changes*
All homes - up 16.2% to $2,573,777
Detached - up 16.1% to $2,806,643
Semi-detached - up 14.2% to $1,658,655
*MLS 12-month year-over-year changes ending June 30, 2022; Provided by Jethro Seymour
Last month, 13 homes were given new owners in Leaside & Bennington Heights, all were detached homes. This marks a 51.9% drop compared to the 27 homes sold from the same month of last year. The average value of last month’s transactions was $3,113,057, marking a 43.6% increase over last year’s June mean of $2,168,507.
For the first half of 2022, 85 homes have sold in Leaside & Bennington Heights. This marks an 21.3% drop compared to the year-to-date sales figures through through June of last year. Sixty-seven detached homes have found new owners so far this year, with average sale prices of $3,014,720. This is a 16.4% increase over the June 2021 year-to-date mean of $2,590,124. The average value of semi-detached homes also increased by 17.9% compared to the year-to-date mean through June 2021, jumping from $1,511,384 to $1,782,181.
Home values up by 16.2% over last year in Leaside & Bennington Heights!
As of July 4, 2022, there are 17 homes on the market in the Leaside (C11) area, ranging in price from $1,450,000 for a semi-detached home on Laird Drive (52 days on the market) to $4,995,000 for a detached home on Governors Road (7 days on the market).
Last month, Leaside properties sold at an average of seven days after listing. A Hanna Road home sold a day after it was listed, while the longest remained on the market for 17 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 June and are not selling at their current prices.
Seven of the 13 June home sales sold at or above their initial asking prices. The highest selling Leaside transaction of the month featured a detached 5-bedroom, 7-bathroom home on a 40 x 202.5-foot lot with a private drive and attached garage on Governors Road. It sold for $5,429,000 which was 97% of the asking price. This was followed by another detached home on Killdeer Crescent which sold for $4,200,000 which was 96% of the initial listing price.
Entry into the Leaside market now requires buyers to spend $1,500,000 for a semi-detached home and at least $1,700,000 for a detached home.
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 May 2022 here..
June 2022 Sales
& Bennington Heights
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of July 4, 2022;
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.