Leaside & Bennington Heights Home Sales for November 2019
Sales Volume Changes*
All homes - up 25.4% to 163 homes sold
Detached - up 18.6% to 121 homes sold
Semi-detached - up 40% to 35 homes sold
Dollar Value Changes*
All homes - up 7.4% to $1,959,931
Detached - up 10.4% to $2,199,301
Semi-detached - down 1.5% to $1,209,786
*MLS 12-month year-over-year changes ending November 30, 2019; Provided by Jethro Seymour
Thirteen homes were given new owners in Leaside & Bennington Heights last month. The average value of last month's transactions was $1,815,224, marking an 18% increase over last year’s November mean of $1,538,077. Detached home values also increased last month, generating average sale prices of $2,208,252, for a 23.8% increase over November of last year.
As we head towards the end of 2019, 159 homes have changed hands in Leaside & Bennington Heights last month. This marks a 25.2% increase compared to the year-to-date November 2018 sales figures, which saw 127 completed transactions. A total of 117 detached homes have changed hands already this year, with an average value of $2,203,783. This is a 10.2% increase compared to the average sale price of $1,999,656 for the 99 detached homes that changed hands between January 1, 2018, and November 30th, 2018. Semi-detached home sales also increased by 40% compared to last year, rising from 25 sales to 35.
Leaside & Bennington Heights home sales are up by 25.4% over November 2018!
As of December 4, 2019, there are 18 homes on the market in the Leaside (C11) area, ranging in price from $1,189,900 for a detached home on Eglinton Avenue (4 days on the market) to $4,200,000 for a beautiful detached home on Douglas Crescent (26 days on the market).
Last month, Leaside properties sold at an average of 20 days after listing. A home on Parkhurst Boulevard sold after being on the market for 2 days. This doesn’t include the nine homes that have been listed for more than 30 days or the seven homes that were listed in the month of November and have yet to sell at their current prices.
Eight homes sold at or above their initial asking prices. Last month’s most valuable Leaside sale involved a detached 4-bedroom, 5-bathroom home on a 32 x 130-foot lot, with a private drive and garage on Laird Drive. It sold for $3,050,000 which was 95% of the initial asking price.
Entry into the Leaside market now requires buyers to spend $1,000,000 for a semi-detached and at least $1,300,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
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.
November 2019 Sales
& Bennington Heights
Source: TREB MLS Sales Data as of December 5, 2019
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.