December 10, 2009: Real estate sales in the section of High Park neighbourhood located north of Bloor in 2009 were not much different from those recorded a year ago, either in number of properties sold, or average sale prices. And sale prices in the same property types came even closer. In detached homes, especially, there was no increase, so far this year, in average prices.
In November listings were selling at a fast pace. Out of eleven homes sold in November five were sold within five days of signing the listing, three under ten days, and two in about two weeks. Only one, small but cute townhouse in the north part of the area, took three weeks to sell.
Eight of the eleven properties were sold above the asking price, one at full price, and one marginally below, at 99%. Only one listing sold at 96% of the original asking price.
Graphs shown below illustrate the current state of real estate activity in High Park and compare it to the data from 2008.
It is interesting to see that, while in most of Toronto neighbourhoods real estate sales ground almost to a halt in December 2008 and did not perk up until March, in High Park the number of listings sold in January exceeded the results from a year earlier. The only more significant dip was recorded in February, when only four properties were sold.
The same situation as with the number of real estate sales could be observed with sale prices. The average price for all types of freehold properties sold in January was a bit higher than a year earlier, but in February that average was substantially lower. After catching up in March the average prices remained steady, with only small fluctuations, but decreased again in November.
The graph above illustrates the year-over-year average price changes for properties of various types. Please note that 2009 results reflect only the year-to-date average prices. You will notice that the most appreciation in value was recorded for attached homes (freehold townhouses), a little less for semi-detached, and virtually none for detached homes.
The last graph illustrates the proportion of various types of properties being sold in High Park. Please note that over half of all listings sold in High Park were of detached homes. A small proportion of "other" types of properties consists of multi-family dwellings (duplexes, triplexes) as well as semi-commercial buildings (store with apartment).
For active real estate listings in High Park and surrounding area please follow this link.
Toronto's High Park neighbourhood (north of Bloor)
With its rolling hills, winding streets and towering trees, High Park is one of Toronto's most beautiful neighbourhoods. The proximity to High Park, which is one of the largest and most popular parks in Toronto, as well as highly regarded schools, makes it a desirable location for families with children.
House styles vary widely, from stately Victorian residences that can be found on High Park Avenue and High Park Boulevard, and narrow Victorian townhouses, most of which tend to be situated on north-south running streets like Pacific, Clendenan north of Annette, Laws or Indian Grove, to much more recently built flat roofed European style homes.
The area still contains many unrenovated dwellings and numerous rental properties, especially in the part north of Bloor. South of Bloor, in the area between Parkside Drive, Roncesvalles, Bloor and the Queensway, majority of homes are large and detached, and many of them have been renovated to a high standard.
Three condominium buildings on Quebec feature large balconies and generous size suites. New condo building at 70 High Park Avenue offers smaller, affordable units with balconies and high ceilings. Trendy new condo on Gothic offers upscale suites, and four loft buildings are located on Sunnyside by Marmaduke in a converted church, on St. Johns at Clendenan, on Gothic, and on Medland at Dundas. An old church building on the corner of Medland and Annette is being converted into lofts.
For an update on current listings in the area please contact Marisha and Ellen.
For information on sales of High Park condominium apartments please visit our Toronto Condos and Lofts website.
If you wish to see statistics for your neighbourhood, please contact us. We will be glad to e-mail a report to you.
For information on other real estate markets please visit the following websites:
Toronto Lofts - hard and soft loft buildings in Toronto, condominium lofts for sale and lease and articles about loft living and loft styles.
