Leaside & Bennington Heights Home Sales for March 2021
Sales Volume Changes*
All homes - down 7.8% to 154 homes sold
Detached - down 5.5% to 120 homes sold
Semi-detached - down 6.1% to 31 homes sold
Dollar Value Changes*
All homes - up 10.8% to $2,198,203
Detached - up 9.3% to $2,414,755
Semi-detached - up 11.6% to $1,385,148
*MLS 12-month year-over-year changes ending March 31, 2021; Provided by Jethro Seymour
Last month, 16 homes were given new owners in Leaside & Bennington Heights including 13 detached and three semi-detached homes. The average value of last month’s transactions was $2,270,562, marking a 32.1% increase over last year’s March mean of $1,719,000. Detached home values were also up last month, generating average sale prices of $2,443,384 from $2,076,250, for a 17.7% increase over March of last year.
For the first quarter of 2021, 31 homes have sold in Leaside & Bennington Heights. This marks a 24% increase compared to the year-to-date sales figures through March 2020. Twenty-five detached homes have found new owners so far this year, with average sale prices of $2,646,620. This is a 22.8% jump over the 2020 year-to-date mean of $2,154,485. The average value of semi-detached homes also increased by 2.8% compared to the year-to-date mean through March 2020, jumping from $1,516,000 to $1,558,800.
Home values up by 10.8% over last year in Leaside & Bennington Heights!
As of April 1, 2021, there are 21 homes on the market in the Leaside (C11) area, ranging in price from $1,488,000 for a relisted semi-detached home on Laird Drive (20 days on the market) to $5,299,000 for a detached home on Killdeer Crescent (10 days on the market).
Last month, Leaside properties sold at an average of 10 days after listing. A Broadway Avenue home sold on the day it was relisted, while the longest remained on the market for 33 days. This doesn’t include the two homes that have been listed for more than 30 days or the 18 homes that were listed in the month of March and are not selling at their current prices.
Eleven of the ten homes sold at or above their initial asking prices. The highest selling Leaside transaction of the month featured a detached 4-bedroom, 5-bathroom home on a 40 x 170-foot lot with a private drive and garage on Rykert Crescent. It sold for $3,853,106 which was 103% of the asking price. This was followed by another detached home on Sutherland Drive which sold for $3,065,888 which was 118% of the initial listing price.
Entry into the Leaside market now requires buyers to spend at least $1,500,000 for a semi-detached home and at least $1,700,000 for a detached home.
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March 2021 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 April 1, 2021;
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.