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Toronto Real Estate Sales E02

The Beach Houses - 2016 3rd Quarter Report

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

Compared with the second quarter of the year, sales of detached, semi-detached and attached houses were lower by nearly a half in the third quarter, with only 135 sales. 29 listings were sold below the asking price and 15 received full list price. The remaining 91 sold above asking, between 101% and 147%.

The lowest price, $440,000, was paid for a 1 bedroom bungalow with parking in need of renovation, located in the East End - Danforth area. The highest, $4,517,500, was received for a delightful 5-bedroom century house with a pool, steps from the lake.

The busiest streets were: Kingston Road, with 5 sales; Fallingbrook, Roseheath and Scarborough with 4 sold houses each, and Belleville, Bellhaven, Coxwell, Haslett, Kenilworth, Lee and Silver Birch with 3 houses sold each.

Sales of detached houses increased by 14% on a year-over-year basis, but the average sale price dropped by 2.1%. Sales of semi-detached homes dropped by 6.4%, but their average price increased by 16.7%. Average price of attached homes (townhouses) dropped by 12.3% with the number of sales lower by 7.7%.

Seven of the listings were sold on the day the listing was posted, eight on the following day, and nine sold after two days of MLS exposure. Out of these 24 listings only one was sold below asking and two received full price. 21 sold between 101% and 138% of asking.

Detached Houses

Many of the detached Beach houses are impressive mansions. The Beaches Toronto   2016     2015   Difference
House Sales   65     57   + 14.0%
Homes Average Price   $1,293,694     $1,320,990   - 2.1%
New Listings   85     120   - 29.2%
Active Listings   44     75   - 41.3%
% of Sales Price to Listing Price   106.9%     99.6%   + 7.3%
Days on Market   13     15   - 1

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 17 $894,288 17 5 119.3%
The Beaches 41 $1,528,179 61 17 104.2%
Woodbine Corridor 7 $890,269 7 8 108.4%

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   58     62   - 6.4%
Homes Average Price   $867,620     $743,144   + 16.7%
New Listings   71     98   - 27.6%
Active Listings   18     47   - 61.7%
% of Sales Price to Listing Price   110.4%     105.6%   + 4.8%
Days on Market   6     8   - 2

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 11 $765,348 13 7 105.9%
The Beaches 31 $949,921 31 6 110.2%
Woodbine Corridor 16 $778,476 27 5 114.3%

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   2015     2014   Difference
House Sales   12     13   - 7.7%
Homes Average Price   $701,702     $638,146   - 12.3%
New Listings   17     18   - 5.6%
Active Listings   12     6   + 100.0%
% of Sales Price to Listing Price   102.8%     104.5%   - 1.7%
Days on Market   7     10   - 3

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 6 $777,238 8 6 103.7%
The Beaches 4 $939,250 7 10 101.6%
Woodbine Corridor 2 $854,000 2 7 120.0%
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Marisha Robinsky, REALTOR
1119 O'Connor Drive
Toronto ON M4B 2T5

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