Davisville Village Sales Statistics (November 2016)
Davisville Village fall home values on MLS continue to trend upward!
12 Month Rolling Average
Below are the stats over the last 12 months, from November 2015 to the end of November 2016, compared to the previous 12 months, November 2014 to the end of November 2015.
Sales Volume Changes*
- All Home Sales –down 2.6% to 151 sales
- Detached Home Sales – down 17.0% to 73 sales
- Semi-Detached Home Sales –up 11.5% to 68 sales
Dollar Value Changes*
- All Home Values –up 17.7% to $1,377,110
- Detached Home Values –up 21.3% to $1,618,494
- Semi-Detached Home Values –up 18.9% to $1,118,531
*12 month year-over-year changes ending November 30th, 2016
As we are now well into the cooler months, the housing inventory is low, but this is what pushes home values to increase. The fall market, while a busy one, is not quite as robust as the spring. Those thinking of taking advantage of this year’s market appreciation would be advised to list their homes before the snow flies. This is the prime time to sell your Davisville semi.
Low inventory levels help increase home values in Davisville Village
In November, 12 homes changed hands in Davisville Village, representing a 25% decrease in home sales over last year. Of those home sales in November, 8 were detached, which was a 14.3% increase from the past year’s 7 detached home sales. Over the past year, the average dollar values of those 12 November homes rose by 11.9% and sit at $1,290,954.
The average value of 2016’s year-to-date 149 homes rose by 18.1% or $1,383,135 compared to the 154 homes that sold in the first eleven months of 2015 for $1,171,410. The 73 detached homes saw a 20.9% gain in average value over the 87 semis that traded in the first eleven months of 2015.
The highest valued Davisville sale on TREBs MLS so far in 2016 was $2,795,000 for a detached home on Belsize. The lowest valued sale was $740,000 for a semi-detach home on Soudan.
The average size frontage of the sold homes was 25.65 feet in width. The widest range in at a very wide 35 feet and the longest was 175.50 feet. So far this year, homes have been selling 10.63% above the listed asking price.
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[at]SeymourRealEstate [dot com], 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 Brokers at Royal LePage RES Ltd., Johnston & Daniel Division. #SeymourRealEstate