High Park, Swansea and Roncesvalles Houses - 2016 4th Quarter Report W01
Including freehold homes: detached, semi-detached and attached (row houses)
High Park and Swansea
Five semi-detached and twenty five detached houses (single or two-family) were sold in the fourth quarter of 2016 in High Park and Swansea. That was four more than in the same period of 2015, while ten fewer new listings became available. The competition for properties was strong, resulting in average price increase for both semi-detached and detached houses on a year-over-year basis. Average price of detached homes went up by a whooping forty percent.
The highest price, $3,280,000, was paid for a contemporary, newly built custom designed house in north-west Swansea. The lowest, $632,500, was paid for a two-storey semi with a double garage in south Swansea. Both of these homes, interestingly, sold below the listing price.
The lowest percentage of the listing price, 92%, was paid for a small detached house on a narrow (17.5 feet) lot in central Swansea. That house sold quickly, in just 6 days, with no offer date set. The highest, 141%, was paid for a bungalow in east Swansea, advertised as aperfect buy for builders and renovators.
Only three listings were sold with bully offers. Twelve houses were sold within once week of listing, and the longest time required for marketing was two weeks.
Seven detached, eight semi-detached and nine attached houses were sold in the fourth quarter of 2016 in Roncesvalles Village. That is only three sales fewer than in 2015, but, while sales in detached and semi-detached category were lower, six more sales of attached homes compensated to lower the difference
Only three houses sold below asking price, two for full price, and remaining nineteen sold betwee 102% and 130% of list price. The lowest, 92%, was paid for a detached bungalow on Macdonell, being sold in as-is condition ro renovate or as a building lot. The highest, 130%, was paid for two of the listings. One was a Victorian semi sold in 'as-is' condition and priced below $600,000; the other a townhouse with lane parking needing renovation and listed in mid-600s.
Half of the houses were sold above one million, and the highest selling price was $1,800,000.
Seventeen listings sold within one week, and the longest time required to market a listing was 24 days.