Toronto Real Estate Sales E02

The Beach Houses - 2015 1st Quarter Report

Including: The Beaches, East End-Danforth and Woodbine Corridor

Detached Houses

Detached homes in The Beaches often feature porches and wrap-around verandahs The Beaches Toronto   2015     2014   Difference
House Sales   30     45   - 33.3%
Homes Average Price   $1,017,683     $966,277   + 5.3%
New Listings   70     96   - 27.1%
Active Listings   55     78   - 29.5%
% of Sales Price to Listing Price>   104.5%     102.1%   + 2.4%
Days on Market   11     14   - 21.4%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 10 $808,700 20 16 103.9%
The Beaches 15 $1,296,333 41 8 103.9%
Woodbine Corridor 5 <$599,700 9 9 110.1%

Semi-detached Houses

Verandah is a typical feature of semi-detached Beach house. They often have pine flooring, and many are sided in wood. The Beaches Toronto   2015     2014   Difference
House Sales   69     59   + 16.9%
Homes Average Price   $731,569     $674,265   + 8.5%
New Listings   82     78   + 5.1%
Active Listings   33     38   - 13.2%
% of Sales Price to Listing Price   106.7%     106.8%   - 0.1%
Days on Market   10     8   + 25%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 25 $662,836 27 11 108.0%
The Beaches 29 $814,007 40 8 104.0%
Woodbine Corridor 15 $686,744 15 12 111.0%

Attached Houses (Freehold Townhouses)

Most of attached homes (freehold townhouses) in the Beaches are located in the former Woodbine racing track area. The Beaches Toronto   2015     2014   Difference
House Sales   9     14   - 35.7%
Homes Average Price   $735,444     $605,993   + 21.4%
New Listings   26     12   + 116.7%
Active Listings   15     6   + 150.0%
% of Sales Price to Listing Price   101.0%     104.5%   - 3.5%
Days on Market   10     18   - 44.4%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 2 $574,000 2 20 100.0%
The Beaches 5 $836,400 5 6 101.0%
Woodbine Corridor 2 $644,500 3 7 100.0%

First quarter of 2015 was busy in the three neighbourhoods comprising the E02 MLS district. Houses of all types were selling, on average, above the listing price, and average prices increased. The busiest streets with most sales were Gerrard (8 houses sold), Neville Park Blvd., Oakcrest, Scarborough Rd., Silver Birch and Woodbine (4 sales each).

Tight listing supply resulted in a one-third fewer sales of detached houses in comparison to the same period in 2014. We had fewer new and active listings. Average time required to sell a house was 11 days, and the average price in the district increased to above one million. 

There was a small increase in new listings of semi-detached homes, but larger increase in sales resulted in a drop in supply of active listings. Average price rose to almost $732,000, and it took, on average, 10 days to sell a listing. That was 2 days more than in 2014.  

The highest increase in the average price was in attached homes type (21.4%), despite a large increase in new listings and active listings supply. We had, however, fewer sales, and the percentage ratio of sale to listing price dropped. 

 

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Marisha Robinsky, REALTOR
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