Leaside & Bennington Heights February 2016 Home Sales Statistics
The spring real estate market is about to start. The warm weather will bring an abundance of FOR SALE signs!
Sales Volume Changes*
- All Homes– down 22.1%, to 173
- Detached – down 26.6%, to 130
- Semis – down 5.3%, to 36
Dollar Value Changes*
- All Homes – up 8.1%, to $1,423,216
- Detached – up 9.4%, to $1,571,831
- Semis – up 18.9%, to $979,734
*12 month year-over-year changes ending February 29th 2016
During the month of February, 14 detached homes changed hands, including 6 bungalows.
Builders Still Love Leaside!
Most of the 6 bungalows had multiple offers on them. They ranged in frontage from 25.5 feet to 42 feet and averaged $1,121,500, or 12% above the asking price. Builders, renovators and end users are still finding value in the land and our great neighbourhood streets.
There were also several 2-storey homes that were in need of renovations but were not tear downs. $1.3-1.6 million seems to be the new normal. A number of heads turned when a North Leaside, 35’ x 135’ tear down sold for over $1.6 million.
Thus far in 2016, the first 24 homes sold went 11% higher on average than the asking price, and in just 11 days.
The highest valued Leaside sale on TREB MLS so far in 2016 is $2.465 million. A beautiful newly constructed home on Airdrie in South Leaside.
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 Agents at Royal LePage RES Ltd., Johnston & Daniel Division. #SeymourRealEstate