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Riverdale Toronto Real Estate E01

House Sales - 2015 2nd Quarter Report

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

Detached Houses

Riverdale has some grand detached houses, many attractively renovated Riverdale Toronto   2015     2014   Difference
House Sales   62     74   - 16.2%
Homes Average Price   $1,037,599     $768,081   + 35.1%
New Listings   99     105   - 5.7%
Active Listings   59     64   - 7.8%
% of Sales Price to Listing Price   109.4%     105.4%   + 4.0%
Days on Market   11     13   - 15.4%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
North Riverdale 12 $1,459,500 15 8 112.1%
South Riverdale 17 $1,055,991 29 11 112.4%
Blake-Jones 8 $842,050 15 6 106.1%
Greenwood-Coxwell 25 $885,157 40 14 106.1%

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   2015     2014   Difference
House Sales   155     142   + 9.2%
Homes Average Price   $774,411     $722,771   + 7.1%
New Listings   208     189   + 10.0%
Active Listings   76     91   - 19.7%
% of Sales Price to Listing Price   109.5%     109.7%   - 0.2%
Days on Market   8     8   0%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
North Riverdale 32 $964,950 39 7 110.2%
South Riverdale 64 $768,366 91 9 109.0%
Blake-Jones 18 $750,065 22 9 108.7%
Greenwood-Coxwell 41 $645,820 56 7 110.2%

Attached Houses (Freehold Townhouses)

Attached homes are also called townhouses or row houses. They are also common in Riverdale, mostly among Victorian homes in south part of the neighbourhood Riverdale Toronto   2015     2014   Difference
House Sales   37     36   + 2.8%
Homes Average Price   $752,817     $710,291   + 6.0%
New Listings   45     48   - 6.2%
Active Listings   24     23   + 4.3%
% of Sales Price to Listing Price   111.5%     110.8%   + 0.7%
Days on Market   10     7   + 42.8%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
North Riverdale 1 $1,200,000 5 16 109.0%
South Riverdale 26 $767,480 30 9 112.3%
Blake-Jones 5 $597,200 4 18 106.8%
Greenwood-Coxwell 5 $727,400 6 7 111.3%

The competition for detached homes was strong in the second quarter of 2015 in Riverdale. Fewer listings in comparison to the same period of 2014 resulted in fewer sales and a strong increase in the average price, by 35.1%, to over 1 million. 

Listings of semi-detached homes were higher by 10%, and that led to more sales and a smaller increase in the average price, by only 7.1%.

Average price of attached houses (row houses) increased by 6%, with only one more sale recorded. 

The busiest street with most listings sold was Woodfield (12), followed by Logan (11), Ashdale and Rhodes (8 each), Bertmount (7), and 6 each on Riverdale, Simpson and Withrow.

On average all freehold home categories in all four communities were selling above listing price, some considerably so. Out of 254 houses sold only 52 were sold below the asking price, with the lowest percentage of 81% for a 3-storey detached century home in need of complete renovation. The highest was 139% for a renovated 2-storey detached house at Gerrard and Greenwood. Listed with an asking price of $799,900 it sold in 7 days for $1,112,114.

As in the first quarter, houses were being priced very competitively, bidding wars and bully offers were a fact of life.

I invite you to compare the second quarter results with the report on first quarter sales in Riverdale.

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Forest Hill Real Estate Inc., Brokerage
416-755-0123

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Marisha Robinsky, REALTOR
1119 O'Connor Drive
Toronto ON M4B 2T5

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