Leaside & Bennington Heights Home Sales for September 2020
Sales Volume Changes*
All homes - down 11.7% to 144 homes sold
Detached - down 8.2% to 112 homes sold
Semi-detached - down 27.8% to 26 homes sold
Dollar Value Changes*
All homes - up 4.7% to $2,039,488
Detached - up 3.2% to $2,247,579
Semi-detached - up 10.6% to $1,319,177
*MLS 12-month year-over-year changes ending September 30, 2020; Provided by Jethro Seymour
Last month, five homes were given new owners in Leaside & Bennington Heights including four detached and one semi-detached home. The average value of last month's transactions was $1,966,800, marking a 19.4% drop over last year’s September mean of $2,440,092. Detached home values were also down last month, generating average sale prices of $2,115,500, for a 17% drop over September of last year.
For the first three quarters of 2020, 107 homes have changed hands in Leaside & Bennington Heights. This marks a 17.1% decline compared to the year-to-date September 2019 sales figures, which saw 129 completed transactions. Eighty-three detached homes have changed hands so far this year, with an average value of $2,307,454. This is a 4.2% increase compared to the average sale price of $2,214,089 for the 95 detached homes that changed hands through September of 2019. Semi-detached home sales dropped 30% compared to last year, decreasing from 30 sales to 21. However, the average value of semi-detached homes increased by 11.4% from 2019, rising from $1,218,833 to $1,358,148.
Home values up by 4.7% over last year in Leaside & Bennington Heights!
As of October 1, 2020, there are 17 homes on the market in the Leaside (C11) area, ranging in price from $999,800 for a semi-detached home on Donlea Drive (just listed) to $3,995,000 for an amazing detached home on Douglas Crescent (2 days on the market).
Last month, Leaside properties sold at an average of six days after listing. A Parklea Drive home sold two days after it was listed, while the longest remained on the market for 13 days. This doesn’t include the four homes that have been listed for more than 30 days or the 12 homes that were listed in the month of September and are not selling at their current prices.
Two of the five 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 31.99 x 133.5-foot lot with a private drive and garage on Sutherland Drive. It sold for $2,810,000 which was 97% of the asking price. It was followed by a detached home on Rumsey Road which sold for $2,100,000 which was 106% of the initial listing price.
Entry into the Leaside market now requires buyers to spend at least $1,100,000 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.
September 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|
Source: TREB MLS Sales Data as of October 1, 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.