Toronto Riverdale Houses - 2017 2nd Quarter Report E01

Including: North Riverdale, South Riverdale, Blake-Jones and Greenwood-Coxwell

Second quarter real estate sales in Riverdale, while fewer (by a third for attached houses, almost a quarter for detached and a fifth for semi-detached) on a year-over-year basis, received more than the listing price in almost 75% of instances. We had more new listings, and more active listings at the end of the period, but price gains were still strong, particularly for detached and semi-detached homes.

Out of all houses sold in the second quarter of 2017, 19.1% sold under asking (with majority of these selling for 95% to 99%), 6.7% received full price, and 74.2% sold over asking. In comparison, in the secon quarter of 2016 15.1% of listings sold under asking, 7.4% at full price and 77.5% above list price.

Highest percentage of listing price (170%) was received for a 2-storey semi-detached house with no parking on a nice street close to subway and park. It was (definitively intentionally low) listed asking $699,000, and sold for $1,185,000, or $486,000 over. The highest amount of money paid over asking for a freehold residential house in E01 in the second quarter was $532,000, received for a renovated and modernized 3-storey Victorian townhouse at Queen and Carlaw, listed just under a million, and sold for $1,531,000.

Lowest percentage, 88%, was received for a 2-storey semi-detached 2 bedroom home without parking near Coxwell and Dundas.

Four houses sold on the they the listing contract was signed; all of them above asking, two with bully offers. 11 houses sold in one day. One-third of all listings sold in up to five days.

The longest time on the market - 38 days - was needed for a 4-bedroom townhouse on a busy street, listed for $988,800, which was, nevertheless, sold for $1,030,000, or 103% of asking.

Thirty three listings sold with a bully offer. A registration of a bully offer often triggers more offers coming to the table.

48 detached houses sold at an average price of $1,298,439, ranging from $570,000 for a small two bedroom house on a small lot with only crawl space instead of basement and with no parking at Queen and Coxwell, to $2,650,000 for a three storey renovated residence with a two car garage off a back lane in North Riverdale.

Nine detached houses sold below asking, with 93% of the listing price the lowest. Six houses sold for full price, and the remaining from 101% to 153%.

99 semi-detached houses sold at an average price of $1,080,968, ranging from $530,000 for a 2-bedroom 2-storey semi without parking or basement, and needing renovation, to $1,965,000 for a nicely renovated 2.5-storey 4-bedroom house with a single carport off a back lane in North Riverdale.

Eighteen semi-detached homes sold under asking, with the lowest ratio of sold to list price of 88%. Five were sold for a full asking price, and the rest sold between 101% and 170% of the listing price.

28 townhouses sold at an average price of $939,382, ranging from $500,000 for a 3-bedroom starter house being sold in 'as is' condition, but with lane parking for two cars, to $1,626,000 for a beautiful and large 3-storey freehold townhouse built in 2013, with lane parking and detached single garage in South Riverdale.

Seven townhouses sold below the listing price, with the lowest 91%. One sold for full price, and the remaining sold between 101% and 153%.

Detached Houses

Some older detached houses, like this beautiful Victorian with typical brickwork are so close to their next door neighbour that one may think they are semi-detached. But they do not share a common wall. Riverdale Toronto   2017     2016   Difference
House Sales   48     63   - 23.8%
Homes Average Price   $1,298,439     $1,124,973   + 15.4%
New Listings   108     85   + 27.1%
Active Listings   61     44   + 38.6%
% of Sales Price to Listing Price   114.5%     111.6%   + 2.9%
Days on Market   8     8   0

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
North Riverdale 16 $1,750,938 24 7 117.6%
South Riverdale 14 $1,214,171 38 8 113.9%
Blake-Jones 4 $1,172,500 7 6 111.7%
Greenwood-Coxwell 14 $901,547 39 10 110.1%

Semi-detached Houses

Semi-detached Riverdale homes vary in style and size, from small 2 bedroom to grand 5 or even 6 bedroom mansions Riverdale Toronto   2017     2016   Difference
House Sales   99     124   - 20.2%
Homes Average Price   $1,080,968     $891,567   + 21.2%
New Listings   180     141   + 27.7%
Active Listings   88     53   + 66.0%
% of Sales Price to Listing Price   114.8%     115.8%   - 1.0%
Days on Market   8     7   + 1

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
North Riverdale 21 $1,412,712 35 8 113.0%
South Riverdale 35 $1,077,044 68 7 116.5%
Blake-Jones 6 $1,209,167 25 5 117.6%
Greenwood-Coxwell 37 $875,603 52 10 113.8%

Attached Houses (Freehold Townhouses)

In recent years many freehold townhouses, called also attached, or row houses, were built in modern style, with straight lines, flat roofs and large windows Riverdale Toronto   2017     2016   Difference
House Sales   28     42   - 33.3%
Homes Average Price   $939,382     $863,004   + 8.8%
New Listings   50     45   + 11.1%
Active Listings   28     20   + 40.0%
% of Sales Price to Listing Price   111.5%     110.6%   + 0.9%
Days on Market   8     8   0

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
North Riverdale 2 $910,000 3 23 109.0%
South Riverdale 19 $1,111,827 37 6 112.5%
Blake-Jones 1 $755,000 2 3 101.0%
Greenwood-Coxwell 6 $863,000 8 17 108.0%
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