With decreased inventory, value increases are in the double digits in Leaside and Bennington Heights. Home sales in October were down 23.5% compared to the same period in 2011, from 21 homes in 2011 to 17 homes in 2012. This helped trigger an 11.6% increase in the average sale price, to a healthy $1,178,007. This past October, homes sold at an average of 101% of the asking price in 19 days.
Year-to-date home sales are down 17.7% in 2012, from 193 homes sold through October 31, 2011 to 164 homes sold through October 31, 2012. The average value of a home in our neighbourhood rose 11.9% this year to $1,222,506. That’s an outstanding double-digit return on investment!
As of November 5th, 2012, there were 33 homes available in Leaside and Bennington Heights, ranging from a detached home on Eglinton Avenue East near Hanna Road for $778,000 to a newly built home approaching $3 million on Divadale Drive in North Leaside.
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 Jethro@SeymourRealEstate.ca.
