Only 3 homes were sold in January

Street Sales January 2015
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This past January, only three homes changed hands in Leaside (none in Bennington Heights), which was much fewer than the 10 homes that sold in January 2014.

There was a significant lack of inventory this past January, which produces some interesting home transactions. Notably, a home on Eglinton sat on the market for 49 days and still sold for 11 percent over asking price.

Last month we commented on a North Leaside bungalow that sold for $1,203,000. It was on a 35-foot frontage.

What a difference a month makes, along with location and frontage.

In January a 23-foot frontage South Leaside bungalow sold for $752,000. Location and frontage are two key factors for builders in Leaside.

As of Feb. 11, there were only seven homes available in Leaside. There were 22 this time last year. They range from a three-bedroom semi-detached home on Broadway listed for $739,900 to a newly built home on Parkhurst listed for $2,159,000.

Leaside home sales, including Bennington Heights, continue to trend upward. Here is a 12-month look at the rolling averages. n

Sales Volumes Changes

All Homes Sales

– up 10.7 percent, to 228 sales

Detached Home Sales

– up 18.1 percent, to 183 sales

Semi-Detached Home Sales

– down 17.4 percent, to 38 sales

Dollar Value Changes

All Home Values

– up 4.4 percent, to $1,332,296

Detached Home Values

– down 0.2 percent, to $1,442,329

Semi-Detached Home Values

– up 10.0 percent, to $827,245

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