Values up 11.3%in 2012
In Leaside and Bennington Heights, home sales in December decreased compared to the same period in 2011, dropping to 3 sales this year compared to 6 in 2011. The value of a home in Leaside and Bennington Heights increased 14.5% over December 2011, to an average sale price of $1,179,000. This December, homes sold at an average of 99% of the asking price in 11 days.
In 2012, 178 homes were sold in Leaside and Bennington Heights for an average price of $1,206,790. That represents an 11.3% gain in value over the 2011 average home prices.
As we would expect, 81% of the 2012 homes were detached, while only 16% were semi-detached and 8% were bungalows. Interestingly, that 8% translates to 14 bungalows over the year, which means a number of new custom homes will be coming to market in 2013 & 2014. Custom homes have been selling for $1.4 million to $2.3 million recently.
In 2012, homes in Leaside & Bennington Heights sold on average for 102% of the asking price in 14 days – Still a very active market.
As of January 3rd, 2012, there were 10 homes available in Leaside and Bennington Heights. Homes range from a spacious bungalow on Leacrest Avenue for $1,099,000 to a 4+1 bedroom, 5 bathroom modern home on Divadale Drive for $2,900,000.
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].
