Davisville Village December 2014 Home Sales Statistics
Davisville Village Winter home values on MLS continued to trend upward again in 2014.
12 Month Rolling Average
Last 12 months, 2014, compared to the previous 12 months, 2013.
Sales Volume Changes
- All Home Sales – up 11.8%, to 161 sales
- Detached Home Sales – down 13.4%, to 71 sales
- Semi-Detached Home Sales – up 35.7%, to 76 sales
Dollar Value Changes
- All Home Values – up 0.6%, to $988,713
- Detached Home Values – down 2.4%, to $1,115,180
- Semi-Detached Home Values – up 15.3%, to $874,642
During the month of December 2014, only 1 home changed hands in Davisville Village. December is a notoriously slow month for real estate transactions especially in Davisville. We expect the coming year to be similar to 2014. Our low interest rate environment is expected to hold for most of the coming year. Expect the market to pick up pace in late January and continue to build steam into February.
2014 saw a few neighbourhood homes try to break through the 2 million ceiling. There have only been 2 homes sold at that level, both were close to Yonge Street and newer construction. There are a number of new construction projects in the works for 2015. If you are considering selling your home or need help finding a new one, call me for a confidential consultation.
The highest valued sale on TREB MLS so far in 2014 was $1.915 million, for a new home on Belsize steps from Yonge Street. The lowest valued sale was $667,500 for a 17 foot wide semi on Davisville Avenue that needed a lot of updating.
The average size frontage of the 161 sold homes was 23.31 feet in width. The widest was 45 feet (a triplex on Hillsdale) and the longest was 197 feet (which I sold on Forman Ave). In 2014, homes have been selling for an average of 5.87% above the listed price and selling in an average of 12 days.
All statistical information sourced from the Toronto Real Estate Board’s MLS system
For more in-depth information on our local real estate trends, contact Jethro Seymour, Broker at Johnston & Daniel, a division of Royal LePage R.E.S. Ltd at 416-712-0767, email Jethro [add]SeymourRealEstate [dot ca], or visit Jethro’s website at www.SeymourRealEstate.com.
Jethro Seymour, one of the best Toronto Real Estate Brokers at Royal LePage RES Ltd., Johnston & Daniel Division. He is a Davisville Village residential specialist with over 20 years of sales experience in real estate, marketing, construction and publishing. He has helped many families find and sell 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 Neighbourhoods; Davisville Village, Leaside, North Toronto, Sherwood Park, Yonge and Eglinton and Lawrence and Yonge to name a few.#SeymourRealEstate