Davisville Village Home Sales Statistics in February 2016
Detached homes up 21% in value over last year. Expect to see an April spring surge in inventory!
Sales Volume Changes*
- All Homes – down 6.7%, to 153
- Detached sales – up 25.7%, to 88
- Semi sales – down 25.3%, to 59
Dollar Value Changes*
- All homes – up 20.7%, to $1,198,602
- Detached – up 21.3% to $1,374,208
- Semis – up 8.2%, to $946,275
*12 month year-over-year changes ending February 29th 2016
The second phase of the Spring market officially starts in April. Just after Easter.
During the month of February 2016, 11 homes changed hands in Davisville Village. That is 22% higher than February 2015 and almost 4 times last month’s sales. We expect the coming year to be similar to 2015. Our low interest rate environment is expected to hold for most of the year.
Almost 50% of the Davisville Village housing stock consists of semi-detached homes. This past month, we finally saw an increase in inventory, including a 23.5’ x 125’ renovated semi which sold in a day for 16% above the asking price or $1,150,000. This is approaching the high end of the semi values.
Several new construction homes surpassed the $2 million dollar threshold including the highest sale in the Village to date, $2,230,000. We will see average prices continue to climb in 2016.
All statistical information sourced from the Toronto Real Estate Board’s MLS system
For more in-depth information on local real estate trends, contact Jethro Seymour, Broker at Johnston & Daniel, a division of Royal LePage R.E.S. Ltd (Phone: 416-712-0767, Email: Jethro [add]SeymourRealEstate [dot ca], or visit Jethro’s website at www.SeymourRealEstate.com. 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 the Davisville Village and Leaside neighbourhoods.
Jethro Seymour, one of the best Toronto Midtown Toronto Agents at Royal LePage RES Ltd., Johnston & Daniel Division. #SeymourRealEstate
