Real Estate Facts and Comments
February house sales in Riverdale, Toronto
Wednesday, 15 March 2017, 01:25:00 PM

North Riverdale

North Riverdale houses are full of character and often renovated with great care and attention to detailsOnly three houses were sold in North Riverdale in February, and all three sold well over the list price. All of them sold on the day set up for offers, all within 6 days of listing.

Average selling price was $1,852,677, and the listings sold, on average, for 131% of the asking price. 

The highest ratio of selling price to listing price was 144%, paid for a small 2-storey semi-detached home with 1 car parking space off a back lane on a lovely street just south of Withrow Park. 

The most money paid over asking price was $611,031, for a 3-storey detached house east of the park. 

Six houses were listed in February. One renovated semi-detached 3-storey house, listed close to the end of the month, did not sell on the offer date, and was immediately re-listed at $200,000 more and sold in 2 days getting 98% of the new listing price. Two more, listed on February 28th, sold on the offer day at the beginning of March.

South Riverdale

South Riverdale had 22 MLS sales and 24 new listing in February. Four of the new listings were terminated, and one of the terminated listings was immediately re-listed $300,000 higher and sold for 98% of the new price on the day the new listing was signed.

Average selling price was $1,166,477, and the listings sold, on average, for 124% of the asking price, ranging from 98% to 151%. Three listings sold below asking, one received full asking price, and remaining eighteen sold above asking.

The most money paid over the listing price, $502,000, was received for a 3-bedroom renovated detached house with one car parking on a quiet leafy street south of Gerrard.

Fourteen houses sold within first week on MLS, with the shortest time of one day (the house sold on the day listing was signed was actually exposed to the market for 7 days with the previous listing in place). The longest time necessary to market a listing was 29 days, for a 3-unit semi on a busy street. Three of the listings were sold with a bully offer.


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