Including: Annex, Casa Loma, Wychwood and Yonge-St. Clair
I have compared sales of Midtown Toronto freehold houses in the third quarter of 2015 to the same period of 2014, the differences of the number of houses sold, of new listings, and of the number of active listings on the market at the end of each period. All these numbers are negative: 9.6% fewer houses sold in the third quarter of 2015, but also 6.9% fewer homes were listed for sale in the same period, and, at the end of the third quarter, 21.7% fewer listings remained available for sale.
Average price of detached homes was lower by 3.3%, price of semi-detached houses was lower by 10.6%, and the only average price that increased was of attached houses - by 34.2%. This large increase is, however, based on just a handful of sales. Without a large number of sales an average can be distorted quite substantially in either direction.
Freehold houses in C02 were selling, on average, at 103% of the listing price, and the average time required to sell a listing was 17 days. One house was sold on the day the listing was taken, for a full list price. The highest percentage was 135% for a 2-storey detached house in Seaton Village in need of complete renovation, listed at $499,000, which sold in multiple bidding for $675,000. The lowest percentage - 84% - was paid for a 3-unit semi-detached house in the Annex, which was listed for $1,695,000 and took 94 days to eventually sell for $1,420,000.
The busiest streets were Albany, Brunswick, Christie, Davenport and Gormley, with each having 3 listings sold.
Out of all sold houses 37 had an offer date set. Five of these listings were sold with bully offers, and five did not receive offers on the appointed day and were eventually sold much later.
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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: 4/18/2019 1:33:34 PM
Toronto Real Estate Board Last Updated: 4/18/2019 8:59:19 AM