Toronto Real Estate Sales E02

The Beach Houses - 2016 4th Quarter Report

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

115 listings were sold in the Beach in the last quarter of 2016, 50 detached houses, 60 semi-detached and five townhouses. Out of these 29 were sold below the asking price, ten received full listing price, and 76 sold above asking.

The lowest percentage of the listing price, 91%, was paid for a large,2-storey detached home, built in 2015, located near Main Street and Kingston. Listed over 4 million, it was sold for $3,900,000, and that was the highest sale price in the quarter. The highest, 142%, was paid for a detached 2-storey house with a basement apartment and lovely landscaping, in the Woodbine Corridor. It was listed with an asking price of $819,999, and sold for $1,160,000.

The lowest price, $550,000, was paid for a 3 bedroom semi with parking in a good school district but on a busy street, located in the East End - Danforth area. The most money over the asking price, $402,000, was paid for a 2-storey renovated semi with parking off a back lane, located in West Beaches.

The Beaches

Average selling price in The Beach was $1,400,604. Average ratio of sold to list price was 108%. Average time required to sell a house was 12 days. Two houses were sold on the day they were listed, two in one day, and another 29 between two and seven days. The longest time required to market a listing was 57 days, for a renovated century house near Queen Street and Woodbine.

Seven houses sold over two million, among them one semi-detached residence overlooking Lake Ontario. Only seventeen sold below one million. Seven listings were sold with bully offers.

Woodbine Corridor

Average selling price in Woodbine Corridor was $879,086, with an average ratio of selling to listing price of 112%, and the listings sold, on average, in one week. Two homes sold on the day they were listed, three in one day, and only seven took longer than a week. The longest time on the market was 43 days, for a custom renovated narrow 2 bedroom semi at Danforth and Coxwell.

Five houses sold over one million, with the highest price $1,473,000, for a detached unrenovated 1950s house on a wide lot, most likely purchased by a builder. The lowest price, $699,000, was paid for a fairly narrow detached house requiring renovation, at Danforth and Coxwell. Six listings sold with bully offers.

East End - Danforth

Average selling price in East End - Danforth was $803,453. The average percentage of listing price was 113%, and the average time required to sell a listing was 8 days. One house was sold on the day it was listed, two in one day, and only eight required more than one week. The longest time needed to sell a listing was 53 days, for an updated 2 bedroom bungalow built in 1923.

The lowest price, $550,000, was paid for a 3 bedroom semi with parking on a fairly busy street. The highest, $1,152,750, was received for a renovated 3 bedroom semi with a private drive at Main and Kingston. Eight listings sold with bully offers.

Detached Houses

Many of the detached Beach houses are impressive mansions. The Beaches Toronto   2016     2015   Difference
House Sales   50     61   - 18.0%
Homes Average Price   $1,411,728     $1,151,573   + 22.6%
New Listings   69     71   - 2.8%
Active Listings   48     74   - 35.1%
% of Sales Price to Listing Price   102.9%     100.6%   + 2.3%
Days on Market   13     15   - 2

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 7 $871,843 10 11 110.8%
The Beaches 33 $1,658,633 47 16 100.9%
Woodbine Corridor 10 $974,861 12 6 110.0%

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   2016     2015   Difference
House Sales   60     75   - 20.0%
Homes Average Price   $896,779     $772,482   + 16.1%
New Listings   71     92   - 22.8%
Active Listings   25     51   - 51.0%
% of Sales Price to Listing Price   112.7%     104.1%   + 8.6%
Days on Market   7     17   - 10

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 24 $783,399 25 7 112.7%
The Beaches 21 $1,077,976 26 6 113.3%
Woodbine Corridor 15 $824,509 20 8 111.5%

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   5     0   N/A
Homes Average Price   $801,600     $665,088   + 20.5%
New Listings   7     6   + 16.7%
Active Listings   3     4   - 25.0%
% of Sales Price to Listing Price   107.0%     106.0%   + 1.0%
Days on Market   7     12   - 5

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 1 $806,000 1 8 115.0%
The Beaches 3 $820,667 4 8 106.0%
Woodbine Corridor 1 $740,000 2 6 102.0%
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