Toronto Real Estate Sales E02

The Beach Houses - 2015 2nd Quarter Report

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

Detached Houses

Many of the detached Beach houses are impressive mansions. The Beaches Toronto   2015     2014   Difference
House Sales   121     101   + 19.8%
Homes Average Price   $1,059,963     $1,025,271   + 3.4%
New Listings   171     178   - 3.9%
Active Listings   95     114   - 16.7%
% of Sales Price to Listing Price   103.0%     101.3%   + 1.7%
Days on Market   11     10   + 10.0%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 32 $823,442 46 10 103.3%
The Beaches 66 $1,282,019 99 12 101.7%
Woodbine Corridor 23 $751,831 26 9 109.1%

Semi-detached Houses

Semi-detached Beach houses vary in style and size. While some are small, particularly on several streets close to Woodbine or on Victoria Park in the east, some are just as large as a spacious detached home. The Beaches Toronto   2015     2014   Difference
House Sales   110     124   - 11.3%
Homes Average Price   $798,052     $682,224   + 17.0%
New Listings   149     160   - 6.9%
Active Listings   58     67   - 13.4%
% of Sales Price to Listing Price   107.6%     106.1%   + 1.5%
Days on Market   8     9   - 11.1%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 38 $675,669 50 7 109.0%
The Beaches 56 $898,666 78 9 105.1%
Woodbine Corridor 16 $736,566 21 6 116.8%

Attached Houses (Freehold Townhouses)

Attached homes are also called townhouses or row houses. Many new townhouses were built on the former Woodbine racing track grounds. The Beaches Toronto   2015     2014   Difference
House Sales   17     15   + 13.3%
Homes Average Price   $648,441     $739,295   - 12.3%
New Listings   23     27   - 14.8%
Active Listings   8     19   - 57.9%
% of Sales Price to Listing Price   107.0%     102.9%   + 4.1%
Days on Market   11     9   + 22.2%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 8 $648,441 12 13 102.9%
The Beaches 5 $729,000 5 7 113.5%
Woodbine Corridor 4 $691,500 6 12 106.1%

Second quarter of 2015 was very busy in The Beach, East End-Danforth and Woodbine Corridor communities. 255 freehold houses were sold - that is double the number of homes sold in the first quarter. 153 of these were sold above asking, with the highest ratio of sold to listing price of 139%.

The busiest streets were: Scarborough Road, with 13 sales; Woodbine, with 10 sold houses, Kenilworth and Gerrard with 7 sold listings each; Willow, Kingswood and Bingham with 6 sales each; Bellefair, Firstbrook, Hannaford, Kingston, Silver Birch and Waverley with 5 sales each.

Sales of detached houses increased by almost 20% on a year-over-year basis, but the average sale price increased by a reasonable 3.4%. Sales of semi-detached homes dropped by 11.3%, but their average price increased by 17%. Average price of attached homes (townhouses) dropped by 12.3% - a result of a large number of lower price listings sold in the second quarter.

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Marisha Robinsky, REALTOR
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Toronto ON M4S 1N9
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