Leaside & Bennington Heights Home Sales for June 2020
Sales Volume Changes*
All homes - down 18.5% to 128 homes sold
Detached - down 19.5% to 95 homes sold
Semi-detached - down 21.2% to 26 homes sold
Dollar Value Changes*
All homes - up 7.6% to $2,055,818
Detached - up 8.6% to $2,311,414
Semi-detached - up 7.2% to $1,283,288
*MLS 12-month year-over-year changes ending June 30, 2020; Provided by Jethro Seymour
Last month, twenty-five homes were given new owners in Leaside & Bennington Heights including 18 detached, six semis, and a townhouse. The average value of last month's transactions was $2,297,191, marking a 19.3% increase over last year’s June mean of $1,924,790. Detached home values also increased last month, generating average sale prices of $2,600,877, for a 14.5% increase over June of last year.
For the first half of 2020, 61 homes have changed hands in Leaside & Bennington Heights. This marks a 38.4% decline compared to the year-to-date June 2019 sales figures, which saw 99 completed transactions. Forty-four detached homes have changed hands so far this year, with an average value of $2,466,829. This is a 12.9% increase compared to the average sale price of $2,184,997 for the 73 detached homes that changed hands for the first half of 2019. Semi-detached home sales dropped 39.1% compared to last year, decreasing from 23 sales to 14. However, the average value of semi-detached homes increased by 12.1% from 2019, rising from $1,229,870 to $1,379,286.
Home values up by 7.6% over last year in Leaside & Bennington Heights!
As of July 4, 2020, there are 25 homes on the market in the Leaside (C11) area, ranging in price from $1,098,000 for a semi-detached home on Airdrie Road (11 days on the market) to $4,275,000 for an amazing detached home on Donegall Drive (32 days on the market)
Last month, Leaside properties sold at an average of 11 days after listing. A Bessborough Drive home sold a day after it was listed, while the longest remained on the market for 57 days. This doesn’t include the eight homes that have been listed for more than 30 days or the 17 homes that were listed in the month of June and are not selling at their current prices.
Fifteen of the six homes sold at or above their initial asking prices. The highest selling Leaside transaction of the month featured a detached 4-bedroom, 4-bathroom home on a 53.61 x 296-foot lot with a private drive and garage on Moorehill Drive. It sold for $3,825,000 which was 101% of the asking price. It was followed by a detached home on Divadale Drive which sold for $3,401,000 which was 98% of the initial listing price.
Entry into the Leaside market now requires buyers to spend at least $1,200,000 for a semi-detached home and at least$1,400,000 for a detached home.
Consider us your Leaside & Bennington Heights neighbourhood real estate expert and information resource. When it is time to move, I am here to help with insightful strategies, expert negotiation skills, and results-focused marketing plans.
June 2020 Sales
& Bennington Heights
|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|
|Attached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of July 4, 2020
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Leaside & Bennington Heights 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.