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Toronto Real Estate Sales C02

Midtown Houses - 2015 3rd Quarter Report

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.  

Detached Houses

You may find grand Victorian detached homes in Toronto Midtown neighbourhoods. Many of them have been luxuriously renovated and restored Midtown Toronto   2015     2014   Difference
House Sales   25     36   - 30.1%
Homes Average Price   $1,551,673     $1,604,485   - 3.3%
New Listings   53     70   - 24.3%
Active Listings   59     102   - 42.2%
% of Sales Price to Listing Price   99.9%     98.3%   + 1.6%
Days on Market   16     24   - 25.0%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 5 $1,379,000 12 16 106.9%
Casa Loma 6 $2,164,833 18 24 95.8%
Wychwood 7 $1,304,814 12 15 99.7%
Yonge-St. Clair 7 $1,396,303 11 12 101.0%

Semi-detached Houses

Semi-detached homes in Toronto Midtown vary in style and size, from small 2 bedroom to grand 5 or even 6 bedroom mansions Midtown Toronto   2015     2014   Difference
House Sales   34     30   + 13.3%
Homes Average Price   $957,102     $1,071,160   - 10.6%
New Listings   65     58   + 63.8%
Active Listings   68     59   + 15.2%
% of Sales Price to Listing Price   103.5%     101.3%   + 2.2%
Days on Market   16     17   - 5.9%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 12 $1,145,077 20 18 102.4%
Casa Loma 2 2,995,000 8 49 95.1%
Wychwood 16 $707,910 27 16 105.2%
Yonge-St. Clair 4 $1,868,500 10 18 103.2%

Attached Houses (Freehold Townhouses)

Victorian row houses on Belmont Street vary in street appeal, but most are charming Midtown Toronto   2015     2014   Difference
House Sales   7     7   0.0%
Homes Average Price   $700,476     $521,857   + 34.2%
New Listings   16     16   0.0%
Active Listings   14     19   - 26.3%
% of Sales Price to Listing Price   104.3%     99.0%   + 5.3%
Days on Market   9     8   + 12.5%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 5 $980,666 11 13 104.3%
Casa Loma 0 N/A 0 0 N/A
Wychwood 2 $660,000 4 9 116.0%
Yonge-St. Clair 0 N/A 1 N/A N/A
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Marisha Robinsky, REALTOR
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Toronto ON M4S 1N9
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