Davisville Real Estate – Homes’ values up 9.2% in 2012
As is typical every year, December 2012 sales volumes were low in Davisville Village. This year however they were 60% lower than the same period last year. A total of 5 homes were sold during December compared to 8 in 2011. With so few sales the averages are easily skewed. That said, the average selling price this past December was $948,500 in 2012 (that’s up 7.7% over last year) and sold in an average of 25 days, for 107% of the asking price.
You’ll be happy to learn the annual sales statistics are in, providing much more insight into our neighbourhood real estate market. In 2012, Davisville Village homeowners saw increased home values adding equity to their properties. Annual home sales were flat in 2012 with a slight increase of 1.6% over the same period last year. 185 Davisville Village homes sold in 2012 versus 182 homes in 2011.
Detached home sales accounted for 58% of the neighbourhood sales, followed by semi-detached homes at 25%. Only 5 bungalows were sold, all went to builders which accounted for 2.7% of the Davisville Village housing inventory. The average value of a home in our neighbourhood rose to $935,334, an increase of 9.2% over the same period in 2011. That’s a very good return on your tax sheltered investment.
For more in-depth information on local real estate trends, contact Jethro Seymour, one of the Top Davisville Village Real Estate Brokers at Royal LePage RES Ltd., Johnston & Daniel Division . Jethro Seymour is 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. For more information, call Jethro Seymour, Broker at 416-712-0767, email [email protected].
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