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Toronto Real Estate Sales C02

Midtown Houses - 2016 3rd Quarter Report

Including: Annex, Casa Loma, Wychwood and Yonge-St. Clair

As compared to the same time period of the previous year, real estate sales in mid-town Toronto (the Annex, Casa Loma, Wychwood and Yonge - St. Clair) of freehold houses (detached, semi-detached and attached) incresed by nearly 10%, while the average price rose by 30% from $1,271,614 to $1,652,565. Fewer new listings contributed to a shortage of houses available for sale and many bidding wars. 56.4% of sales received more than the listing price, 7.7% sold for the full asking price, and 35.9% sold below.

Average price of detached homes increased by just over a third, to $2,083,185, price of semi-detached houses rose by almost 40% to $1,372,056, and the average price of attached houses nearly doubled, to $1,751,781. 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.

Eleven 'bully' offers were presented in the third quarter.

Freehold houses in C02 were selling, on average, at 107% of the listing price, and the average time required to sell a listing was 19 days. One house was sold on the day the listing was taken, for $252,000 over the asking price. The highest percentage was 148% (or $451,000 over asking) for a 2-storey detached vacant house in Casa Loma, renovated but fairly plain, with a deep lot and a double garage. The lowest percentage - 69% - was paid for a four bedroom detached house in Casa Loma, which was listed for $3,050,000 and took 122 days to eventually sell for $2,100,000.

Detached Houses

You may find grand Victorian detached homes in Toronto Midtown neighbourhoods. Many of them have been luxuriously renovated and restored Midtown Toronto   2016     2015   Difference
House Sales   19     25   - 24.0%
Homes Average Price   $2,083,185     $1,551,673   + 34.2%
New Listings   33     52   - 36.5%
Active Listings   41     59   - 30.5%
% of Sales Price to Listing Price   105.0%     99.9%   + 5.1%
Days on Market   26     16   + 10


  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 3 $1,583,333 6 5 104.2%
Casa Loma 6 $2,388,413 14 38 105.6%
Wychwood 6 $1,405,833 8 22 108.4%
Yonge-St. Clair 4 $3,016,253 5 31 102.4%

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   2016     2015   Difference
House Sales   36     33   + 9.1%
Homes Average Price   $1,372,056     $986,105   + 39.1%
New Listings   45     67   - 32.8%
Active Listings   26     68   - 61.8%
% of Sales Price to Listing Price   105.3%     103.5%   + 1.8%
Days on Market   13     16   - 3


  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 15 $1,597,774 16 13 102.3%
Casa Loma 1 2,250,000 2 0 113.0%
Wychwood 12 $951,708 18 11 112.4%
Yonge-St. Clair 8 $1,750,863 9 17 105.2%

Attached Houses (Freehold Townhouses)

Victorian row houses on Belmont Street vary in street appeal, but most are charming Midtown Toronto   2016     2015   Difference
House Sales   11     7   + 57.1%
Homes Average Price   $1,751,781     $889,047   + 97.0%
New Listings   16     16   0.0%
Active Listings   14     14   0.0%
% of Sales Price to Listing Price   107.0%     108.0%   - 1.0%
Days on Market   8     9   - 1


  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 5 $1,449,358 8 8 107.4%
Casa Loma 3 $2,436,667 4 15 97.9
Wychwood 2 $798,400 3 8 122.0%
Yonge-St. Clair 1 3,116,000 1 3 104.0%
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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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