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Toronto Real Estate Sales C02

Midtown Houses - 2015 1st Quarter Report

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

Midtown Toronto neighbourhoods had 33.8% more sales in the first quarter of 2015 (as compared with the same period last year). Average price of freehold properties increased slightly, by 1.7%, from $1,402,699 to $1,426,717. The small increase was caused by a decrease in average price of semi-detached houses. Average sale to list price ratio was 103% (in 2014 it was 105%). Houses took, on average, one week longer to sell.

The busiest street with most listings sold was Farnham (four sales in 3 months), followed by Albany, Austin Terrace, Macpherson and Walmer (each with three sales).

Interestingly, average price for semi-detached homes dropped by 19%, but over 50% more semi-detached houses were sold. 30% fewer attached houses were sold, but their average price increased by 18%. Sales of detached houses went up by 33.3%, their average price increasing by almost 14%. 

As you can see in the tables above, some of the neighbourhoods had average sale to list price ratios below 100%.

Detached Houses

Detached houses in Toronto Midtown neighbourhoods are often large and grand, with beautiful details. Midtown Toronto   2015     2014   Difference
House Sales   36     27   + 33.3%
Homes Average Price   $1,737,002     $1,526,293   + 13.8%
New Listings   58     53   + 9.4%
Active Listings   71     67   + 6.0%
% of Sales Price to Listing Price   100.3%     101.8%   - 1.5%
Days on Market   25     20   + 25%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 5 $1,715,500 12 40 97.2%
Casa Loma 12 $1,918,547 17 36 98.8%
Wychwood 12 $1,391,417 17 11 102.4%
Yonge-St. Clair 7 $2,033,571 12 18 102.4%

Semi-detached Houses

Semi-detached homes in Toronto Midtown neighbourhoods come in two or three-storey sizes and are often divided into two or three apartments, particularly in the Annex, with its proximity to the University of Toronto. Midtown Toronto   2015     2014   Difference
House Sales   34     22   + 54.5%
Homes Average Price   $1,103,330     $1,364,588   - 19.1%
New Listings   52     43   + 20.9%
Active Listings   35     35   0.0%
% of Sales Price to Listing Price   104.3%     106.5%   - 2.2%
Days on Market   9     10   - 10%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 13 $1,481,846 20 10 <105.4%
Casa Loma 3 $1,541,000 5 17 101.0%
Wychwood 13 $751,615 19 8 105.1%
Yonge-St. Clair 5 $1,474,978 8 11 100.8%

Attached Houses (Freehold Townhouses)

Victorian houses in Toronto Midtown locations are often attached on two sides - a typical Victorian row. Many feature original Victorian details. Midtown Toronto   2015     2014   Difference
House Sales   7     10   - 30.0%
Homes Average Price   $1,203,652     $1,020,043   + 18.0%
New Listings   18     13   + 38.5%
Active Listings   20     8   + 150.0%
% of Sales Price to Listing Price   100.1%     103.0%   - 2.9%
Days on Market   46     13   + 253.8%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
Annex 7 $1,147,589 11 17 103.4%
Casa Loma 5 $1,763,600 4 104 97.2%
Wychwood 1 $665,000 1 6 111.0%
Yonge-St. Clair 1 $2,447,500 2 0 98.0%

Please contact me either by email or by calling my office at 416-322-8000 if you would like more detailed information for your street.

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Bosley Real Estate Ltd., Brokerage
416-481-6137

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Marisha Robinsky, REALTOR
276 Merton Street
Toronto ON M4S 1N9
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