Leaside & Bennington Heights October 2014 Home Sales Statistics
Leaside-Bennington Heights Fall home values on MLS continued to trend upward again in 2014.
12 Month Rolling Average
Last 12 months, October 2013 to the end of October 2014, compared to the previous 12 months, October 2012 to the end of October 2013.
Sales Volume Changes
All Home Sales – up 13.9%, to 238 sales
Detached Home Sales – up 20.3%, to 190 sales
Semi-Detached Home Sales – down 16.7%, to 40 sales
Dollar Value Changes
All Home Values – up 7.5%, to $1,342,629
Detached Home Values – up 3.7%, to $1,459,985
Semi-Detached Home Values – up 10.3%, to $824,533
During the month of October 2014, 27 homes changed hands in Leaside & Bennington Heights, which was 42.1% more than the 19 homes that sold in October 2013. The average dollar values of those transactions were down 0.9% to $1,259,586. Detached home sale values are also down by 3.7%, at $1,333,667 compared to last October. There were only 3 semi-detached homes that sold, with an average sale price of $703,667. The increased number of home sales is causing an over supply in the market, bringing down the October values home when compared to last October.
The value of 2014’s year-to-date 180 detached homes was also up slightly by 2.1% or $1,455,156 compared to the 141 detached homes that sold in first 10 months of 2013. These are impressive figures considering the number of detached homes sold in that time increased by 27.7%. The 35 semi-detached homes saw a 23.9% decrease in sales activity but an 11.4% gain in average value through to the end of October. Semi-detached homes represent approximately 16% of the housing transactions in Leaside. This is a good year to be selling semis in Leaside.
The highest valued sale on TREB MLS so far in 2014 was $3.2 million, for a home in Bennington Heights. The highest 2014 Leaside sale has been $2.7 million in South Leaside. The lowest valued sale was $580,000 for a 2 bedroom, 1 bathroom detached bungalow on Sutherland at Eglinton – Sold for only 83% of the asking price.
The average size frontage of the 238 sold homes was 32.54 feet in width and 125.86 feet in length. The widths ranged from a very thin 15.6 feet to the widest 101 feet (a ravine lot in Bennington Heights) and the longest was 242 feet. (the same ravine lot). So far this year homes have been selling 4.42% above the listed price.
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. 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 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.
All statistical information sourced from the Toronto Real Estate Board’s MLS system
For more information, call Jethro Seymour, Broker at 416-712-0767, email Jethro@SeymourRealEstate.ca, or visit Jethro’s website at www.SeymourRealEstate.ca.