Leaside & Bennington Heights Home Sales for November 2022
Sales Volume Changes*
All homes - down 19.8% to 138 homes sold
Detached - down 21.5% to 106 homes sold
Semi-detached - down 20% to 28 homes sold
Dollar Value Changes*
All homes - up 7.2% to $2,495,729
Detached - up 7.9% to $2,756,205
Semi-detached - up 9.6% to $1,637,136
*MLS 12-month year-over-year changes ending November 30, 2022; Provided by Jethro Seymour
Last month, nine homes were given new owners in Leaside & Bennington Heights, including five detached and four semi-detached homes. This marks a 30.8% drop compared to the 13 homes sold from the same month of last year. The average value of last month’s transactions was $1,841,262, marking a 29.2% drop over last year’s November mean of $2,600,822.
For the first 11 months of 2022, 133 homes have sold in Leaside & Bennington Heights. This marks an 17.9% drop compared to the year-to-date sales figures through through November of last year. One hundred two detached homes have found new owners so far this year, with average sale prices of $2,778,086. This is a 7.9% increase over the November 2021 year-to-date mean of $2,574,527. The average value of semi-detached homes also increased by 9.8% compared to the year-to-date mean through November 2021, jumping from $1,506,162 to $1,654,067.
Leaside & Bennington Heights home values up by 7.2% over last year!
As of November 30, 2022, there are 13 homes on the market in the Leaside (C11) area, ranging in price from $1,299,000 for a semi-detached home on Eglinton Avenue East (56 days on the market) to $4,595,000 for a detached home on Rykert Crescent (23 days on the market).
Last month, Leaside properties sold at an average of 30 days after listing. A Randolph Road home sold four days after it was listed, while the longest remained on the market for 83 days. This doesn’t include the three homes that have been listed for more than 30 days or the 10 homes that were listed in the month of November and are not selling at their current prices.
None of the November home sales sold at or above their initial asking prices. The highest selling Leaside transaction of the month featured a detached 6-bedroom, 5-bathroom home on a 83.53 x 100.41-foot lot with a private drive and built-in garage on Hampton Park Crescent. It sold for $3,350,000 which was 96% of the asking price. It was followed by a detached home on Sharron Drive which sold for $2,770,000 which was 92% of the initial listing price.
Entry into the Leaside market now requires buyers to spend $1,300,000 for a semi-detached home and at least $1,400,000 for a detached home.
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View Home Sales Statistics for October 2022 here..
November 2022 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 November 30, 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.