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Toronto Real Estate Sales E02

The Beach Houses - 2016 2nd Quarter Report

Including: The Beaches, East End-Danforth and Woodbine Corridor

Toronto Beach neighbourhood had fewer freehold sales in the second quarter of 2016 compared to the same period of 2015. There was a substantial drop in new listings, and the average time required to sell a house was shorter. Most listings of detached, semi-detached and attached houses were selling above asking price.

In the East End-Danforth the lowest sale price was $515,000 for a 2 bedroom freehold townhouse with parking off back lane. The highest price, $2,200,000, was paid for an unusual converted residence, a former dairy.

12 listings were sold below asking price, eight for the full price, and 46 above. The highest sold to list price ratio was 140%, the lowest 96%. The highest amount paid over asking was $360,100.

In The Beaches the lowest sale price was $360,000 for a tiny semi-detached bungalow, approximately 500 sq.ft., and the highest, $3,500,000, was paid for a beachfront lot with an existing house in need of renovation.

37 houses were sold below asking price, 12 received full price, and 76 sold above asking. The highest sold to list price ratio was 149%, the lowest 90%. The highest amount paid over asking was $557,226.

In the Woodbine Corridor the lowest sale price was $476,000 for a detached one bedroom bungalow without parking, and the highest, $1,310,000, was paid for a recently built 2-storey detached house with built-in garage and private driveway.

Olly one house was sold below list price, and one for full price. 38 houses sold above listing price. The highest sold to list price ratio was 140%, the lowest 99%. The most money paid over asking was $210,000.

Detached Houses

Many of the detached Beach houses are impressive mansions. The Beaches Toronto   2016     2015   Difference
House Sales   91     121   - 24.8%
Homes Average Price   $1,307,581     $1,059,963   + 23.4%
New Listings   122     171   - 28.6%
Active Listings   58     95   - 38.9%
% of Sales Price to Listing Price   106.6%     103.0%   + 3.6%
Days on Market   10     11   - 1

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 27 $935,693 32 7 111.4%
The Beaches 58 $1,523,883 83 11 105.0%
Woodbine Corridor 6 $890,167 7 7 112.3%

Semi-detached Houses

Semi-detached Beach houses vary in style and size. While some are small, particularly on several streets close to Woodbine or on Victoria Park in the east, some are just as large as a spacious detached home. The Beaches Toronto   2016     2015   Difference
House Sales   106     110   - 3.6%
Homes Average Price   $885,442     $798,052   + 11.0%
New Listings   132     149   - 11.4%
Active Listings   46     58   - 20.7%
% of Sales Price to Listing Price   112.2%     107.6%   + 4.6%
Days on Market   7     8   - 1

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 30 $775,713 34 6 113.7%
The Beaches 49 $1,012,444 69 7 108.4%
Woodbine Corridor 27 $776,876 29 6 120.3%

Attached Houses (Freehold Townhouses)

Attached homes are also called townhouses or row houses. Many new townhouses were built on the former Woodbine racing track grounds. The Beaches Toronto   2016     2015   Difference
House Sales   21     17   + 23.5%
Homes Average Price   $807,096     $648,441   + 24.5%
New Listings   26     23   + 13.0%
Active Listings   7     8   - 12.5%
% of Sales Price to Listing Price   107.8%     107.0%   + 0.8%
Days on Market   9     11   - 2

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 5 $703,883 7 12 110.9%
The Beaches 10 $885,050 12 9 106.1%
Woodbine Corridor 6 $763,183 7 6 108.9%
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Marisha Robinsky, REALTOR
276 Merton Street
Toronto ON M4S 1N9
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