January home sales show upward trend

home-pricesLeaside-Bennington Heights January home sales on MLS continued to trend upward in 2014. Here is a 12- month look at the current averages, up to Jan. 31.

Sales volumes changes

  • All homes – up 9.6 percent, to 206 sales.
  • Detached homes – up 3.3 percent, to 155 sales.
  • Semi-detached homes – up 35.3 percent, to 46 sales.

Dollar value changes

  • All homes – up 5.2 percent, to $1,275,817.
  • Detached homes – up 7.7 percent, to $1,445,143.
  • Semi-detached homes – up 5.8 percent, to $751,910.

This past January, 10 homes changed hands in Leaside and Bennington Heights, which was slightly less than the 11 homes that sold in January, 2013. The average dollar value of those transactions was up by 45 percent mostly due to all 10 homes being detached. In the previous January, five of the 11 homes that sold were semi-detached.

The value of the detached homes also grew by 11.9 percent to $1,633,750, compared to the six detached homes averaging $1,460,000 that sold in January 2013

The highest valued sale here on MLS so far in 2014 was $2.580 million, for a home in Leaside, followed by $2.550 million in Bennington Heights. The lowest valued sale was $833,000 for a bungalow, a new lot value indicator for a 30’ x 125’ lot on a busy street.

As of Feb. 5 there were 22 homes available in Leaside. They range from a two-bedroom semi-detached home on Crofton listed for $649,900 to a beautiful home in Bennington Heights listed for $2,895,000.

Leaside sales by street

Jethro Seymour is a broker at Johnston & Daniel. All figures are from the Toronto Real Estate Board’s Multiple Listing Service.