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Toronto Real Estate Sales C02

Midtown Houses - 2016 4th 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) were lower by nearly 24%, while the average price rose by 26% from $1,498,518 to $1,889,503.

As it has been the case for a good while now, a shortage of houses available for sale caused competition between prospective buyers and many bidding wars. 45.9% of sales received more than the listing price, 8.3% sold for the full asking price, and 45.8% sold below.

Only seven listings sold with a bully offer. One house was sold on the same day it was listed, after the previous listing, priced low with a date set for offers, was terminated, and listed with a more appropriate asking price. Six listings sold in one day. 37.5 percent of listings sold within a week, three quarters of these sold above asking. It took nearly 4.5 months (132 days) to sell a newly built semi-detached house in Wychwood area. It was listed with an asking price of $2,195,000 and eventually sold for $2,123,000.

Average price of detached homes increased by almost 30%, to $2,118,780, price of semi-detached houses rose by just over 17% to $1,598,354, and the average price of attached houses rose by just over 15%, to $1,168,000.

The lowest price, $700,000, was paid for a 2-storey semi just north of train tracks between Dovercourt and Ossington. The highest, $5,150,000, was received for a three storey, sixteen year old townhouse in Yorkville.

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   25     27   - 7.4%
Homes Average Price   $2,118,780     $1,644,243   + 28.9%
New Listings   37     39   - 5.1%
Active Listings   40     50   - 20.0%
% of Sales Price to Listing Price   99.5%     101.7%   - 2.2%
Days on Market   17     16   + 1

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 8 $2,305,313 11 12 100.7%
Casa Loma 6 $2,334,167 11 28 95.8%
Wychwood 5 $1,545,200 8 9 99.2%
Yonge-St. Clair 6 $2,132,667 7 20 102.3%

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   26     38   - 31.6%
Homes Average Price   $1,598,354     $1,363,972   + 17.2%
New Listings   41     30   + 36.7%
Active Listings   31     36   - 13.9%
% of Sales Price to Listing Price   103.9%     99.4%   + 4.5%
Days on Market   16     29   - 13

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 9 $1,919,556 21 12 106.3%
Casa Loma 2 1,295,000 6 8 99.0%
Wychwood 8 $1,071,938 8 3 104.9%
Yonge-St. Clair 7 $2,243,671 6 12 101.0%

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   10     15   - 33.3%
Homes Average Price   $1,168,000     $1,013,967   + 15.2%
New Listings   11     18   - 38.9%
Active Listings   7     23   - 69.6%
% of Sales Price to Listing Price   95.2%     99.6%   - 4.4%
Days on Market   4     16   - 12

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 5 $2,336,000 7 8 95.2%
Casa Loma 2 $1,827,500 2 4 100.0
Wychwood 1 $770,000 0 11 110.0%
Yonge-St. Clair 2 1,662,500 2 8 99.0%
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Marisha Robinsky, REALTOR
1119 O'Connor Drive
Toronto ON M4B 2T5

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