Including: The Beaches, East End-Danforth and Woodbine Corridor
Only three listings were sold in the area in the first two weeks of January. One was a small detached house in The Beaches, being sold 'as is' and listed just under $900,000. It was sold in two days with a bully offer for $161,000 more than the asking price. Another detached house in East End-Danforth, also listed just under $900,000 sold with a bully offer in one day, for $63,000 more than the list price. Another bully offer secured a pretty semi-detached in the Woodbine corridor, with the buyer paying $126,000 over list. That was a harbinger of the things to come.
The average ratio of sold to list price for the freehold properties was 119%. The lowest percentage of the listing price, 92%, was paid for a newly rebuilt semi-detached 100 years old house on a busy street. The highest, 160%, was paid for a nicely updated and well staged 2-storey wide semi-detached with a garage off back lane, in East End-Danforth. It was listed with an asking price of $799,000, and sold for $1,275,000 on the day set for reviewing offers.
The lowest price, $680,000, was paid for a 1 bedroom semi-detached single storey house with fron yard parking in Upper Beaches. The highest, $3,050,000, was received for a large detached residence custom built in 2014, sitting on a pie-shaped lot on a cul-de-sac in prime Beach. The most money over the asking price, $387,200, was paid for a 2-storey traditional but beautifully maintained detached home with single car garage, located short distance north of Queen in the east part of the Beaches.
Average selling price for detached, semi-detached and attached houses in The Beach was $1,418,439. Average ratio of sold to list price was 112%. Average time required to sell a house was 13 days. Three houses were sold in one day, 29 between in up to seven days. The longest time required to market a listing was 135 days, for a detached 2.5-storey renovated house with a basement apartment in prime Beach. It was listed with an asking price of $1,399,000 and eventually sold for $1,330,000 (95% of list price).
The highest ratio of selling to listing price was 154%, the lowest 93%. One house sold over three million, five over two million. Only ten sold below one million. Nine listings were sold with bully offers.
Average selling price in Woodbine Corridor was $977,922, with an average ratio of selling to listing price of 128%, and the listings sold, on average, in 9 days. Three homes sold on the day they were listed, ywo in one day, and only six took longer than a week. The longest time on the market was 71 days, for a re-built 3 bedroom semi on a busy street.
The highest ratio of sold to list price was 151%, paid for a sweet 2-storey semi at Woodbine and Gerrard. The house was listed with an asking price of $799,900 and sold with an bully offer for $1,205,100 on the day the listing was taken. That was also the highest amount of money paid over asking, $405,100.
Seven houses sold over one million, with the highest price $1,275,000, for a detached newly renovated modern house with clean lines and open concept living area. The lowest price, $760,000, was paid for a wide semi on a fairly busy street, which could have done better if it were de-cluttered and staged. Ten listings sold with bully offers.
East End - Danforth
Average selling price in East End - Danforth was $1,054,850. The average percentage of listing price was 123%, and the average time required to sell a listing was 6 days. Three houses were sold in one day, and only seven required more than one week. The longest time needed to sell a listing was 16 days, for a newly built modern detached house on a deep lot at Gerrard and Main. That house also received the highest price, $1,560,000. The lowest price, $680,000, was paid for a 1 bedroom semi with front yard parking in the Upper Beaches. Nine listings sold with bully offers.
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The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. Canadian Real Estate Association Last Updated: 12/15/2018 3:13:08 PM
Toronto Real Estate Board Last Updated: 12/13/2018 8:44:29 PM