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Real Estate Sales in Toronto E01 and E02 in August

Toronto E01 - North and South Riverdale, Blake-Jones and Greenwood-Coxwell

Riverdale has many beautiful Victorian houses: attached, semi-detached, and large, detached mansions31 freehold houses were sold in E01 in August, with the average selling price of $1,029,210, just ever so slightly higher than $1,022,844 recorded in July. That was a 6.2% increase from the $968,608 average from August 2016. The highest average price increase, 31.8%, happened in North Riverdale, followed by Greenwood-Coxwell at 22.9%. South Riverdale had the smallest increase, only 4.4%, and Blake-Jones prices increased by 7.6%. 38.7% of the listing sold over 1 million (38.1% in 2016), one sold over two millions, same as a year ago.

The time required to sell a house ranged from one to sixty days, with an average of 15 days. 13 listings sold within one week of market exposure. Nearly half of the listings (14) received less than the asking price, and the lowest percentage was 93%, for two listings: a freehold townhouse with a garage of a back lane at Queen and Carlaw, listed just under 1 million and sold for $925,000, and a beautifully renovated century old townhouse without parking in Leslieville, listed for $1,049,000 and sold for $980,000.

Three houses received full asking price. The highest percentage, 154%, was paid for a really cute detached bungalow without parking at Danforth and Coxwell, listed for $488,000 and sold for $751,129

Four listings were sold with a bully offer.

August 2017 Community Number of sales Average price % list DOM sales over 1M
  North Riverdale 3 $1,754,333 111% 13 3
  South Riverdale 15 $929,733 107% 14 2
  Blake-Jones 4 $1,079,722 100% 16 3
  Greenwood-Coxwell 9 $930,848 107% 14 2
  All of E01 31 $1,029,210 106% 15 12
August 2016 Community Number of sales Average price % list DOM sales over 1M
  North Riverdale 10 $1,331,190 114% 8 5
  South Riverdale 18 $890,386 110% 13 6
  Blake-Jones 3 $1,003,667 118% 11 1
  Greenwood-Coxwell 11 $757,427 112% 8 1
  All of E01 42 $968,608 112% 10 16

The Beaches have some impressive Victorian houses with delightful detailsToronto E02 - The Beaches, Woodbine Corridor and East End-Danforth

24 freehold houses were sold in August in E02, at an average price of $1,193,438, a 17% increase from July average of $1,018,895. The average price was up by 17.3% from $1,017,347 recorded in August 2016. The Beaches experienced the largest price increase on a year-over-year basis, a whooping 40.3%. That was, however, influenced by one high sale when the number of sales was low. If we excluded the $4,450,000 sale, the increase would be only 13.3%. East End-Danforth saw the prices increase by 12.6%, and in Woodbine Corridor the prices increased by only 1.8%.

The time required to sell a listing ranged from 0 days for a 5 bedroom 3-storey detached house steps to the Boardwalk and Balmy Beach Park (the most expensive sale in the Beaches in August, and the second most expensive in 2017, sold for $4,450,000) to 76 days for a 3-storey semi-detached investment property with four apartments on Woodbine. Three houses sold in one day, and 10 out of 24 sold within one week.

Fourteen listings sold below the asking price, three received full price. The highest was 118% of the asking price, paid for a 2-storey detached house with three apartments at Main and Danforth, listed for $649,900 and sold for $765,000. Most listings had no date for offers, and no bully offers came in.

August 2017 Community Number of sales Average price % list DOM sales over 1M
  The Beaches 10 $1,628,500 99% 18 7
  East End-Danforth 9 $892,778 101% 19 1
  Woodbine Corridor 5 $864,500 100% 15 0
  All of E02 24 $1,193,438 100% 17 8
August 2016 Community Number of sales Average price % list DOM sales over 1M
  The Beaches 25 $1,160,859 107% 19 13
  East End-Danforth 9 $793,077 112% 6 1
  Woodbine Corridor 4 $849,271 124% 5 0
  All of E02 42 $1,017,347 110% 14 14

Please see also report on MLS sales in Riverdale and The Beach in July 2017 and MLS sales in the Annex, Yonge-St. Clair, Rosedale and Moore Park in July 2017.

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Forest Hill Real Estate Inc., Brokerage

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

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