Leaside & Bennington Heights Annual Home Sales 2020
December 2020 saw 10 homes change hands in Leaside & Bennington Heights, marking a 42.9% increase over the seven sales that took place in December 2019. This year’s December transactions involved eight detached and two semi-detached homes. The average value of the 10 transactions came in at $2,052,200, marking a 13.1% increase from December 2019.
Seven of the 10 properties sold at or above their listed prices last month. December 2020’s most valuable Leaside transaction featured a detached 4-bedroom, 4-bathroom home on a 38.68 x 100-foot Leacrest Road lot with a private drive and garage. It sold for $2,575,000 or 97% of the original listing price. This was followed by a home on Tanager Avenue, which changed hands for $2,525,000.
As of January 4, 2021, there are six homes for sale in the Leaside & Bennington Heights area. They range in price from $1,588,000 for a semi-detached home on Laird Drive (56 days on the market) to $6,495,000 for a detached home on Lumley Avenue (56 days on the market).
Sales Volume Changes*
All homes - down 10.2% to 149
Detached - down 6.5% to 116
Semi-detached - down 17.1% to 29
Dollar Value Changes*
All homes - up 7.9% to $2,104,855
Detached - up 5.9% to $2,310,783
Semi-detached - up 13.1% to $1,368,745
*MLS 12-month year-over-year changes ending December 31, 2020; Provided by Jethro Seymour
2020 brought 149 home sales in Leaside & Bennington Heights, down by 10.2% from 166 transactions in 2019. The 2020 sales returned an average of 7.9% more in the way of dollar value, with mean transaction values rising from $1,951,217 to $2,104,855. This year's sales included 116 detached homes, which returned average sale prices of $2,310,783. This marked a 5.9% increase compared to the 124 detached homes that sold for an average of $2,181,844 in 2019.
Entry into the Leaside market now requires buyers to spend $1.1 million for a semi-detached home and at least $1.4 million for a detached home. Buyers continue to look for homes in the coveted midtown area while low inventory persists as a key catalyst of competitive bidding.
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Leaside & Bennington Heights
Annual Home Sales 2020
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Semi-detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of January 4, 2021
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Leaside Real Estate Brokers and 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.