For a while, the falling number of semi-detached homes for sale in Leaside and Bennington Heights was raising prices faster than those of detached homes.
But the tide may be turning.
The MLS year-to-year figures for semi-detached homes, from July last year to the end of July this year, show 41 sales, a 2.4 percent decrease in sales volume, and a 10.5 percent increase in average value over the same previous 12 months.
And the figures for the first seven months this year, to the end of July, show a big change, from 26 sales, a 27.8 percent decrease in volume, compared to the same seven months in 2013, and a 13.5 percent gain in average value, up to $814,435.
Detached home prices rose during the year-to-year 12-month period, but not as much. There was a 6 percent rise to $1,456,254.
And the sales volume rose instead of dropped, up 6.9 percent to 171 sales.
But June this year saw a major shift: a 138 percent increase in detached home sales (31 homes) over June last year with the average value up 13.7 percent to $1,457,925.
July saw a smaller increase in volume, 9 homes sold for a rise of 12.5 percent, and a decrease in value, down 13.8 percent compared to last July.
But summer is usually a slow month, and putting June and July together shows a possible new trend.
Jethro Seymour is a broker at Johnston & Daniel. All figures are from the Toronto Real Estate Board’s Multiple Listing Service.
