So far this year, Jan. 1 to the end of April, semi-detached homes in Leaside and Bennington Heights are doing better than detached homes compared to last year.
This year the average cost of semi-detached homes rose from the 2013 year-to-date by 8.3 percent to $836,485 as part of a 9.1 percent increase in the number sold (to 12).
During the same period this year the average cost for the 63 detached homes sold fell by 5.1 percent to $1,442,790. There were 56 detached home sold in the 2013 year-to-date.
But the tables appear to have started turning this past April. Seven of the 28 homes sold were semi-detached and showed a decline compared to last year. They had an average value of $811,118, slightly off last April’s numbers by 5.6 percent.
Of the 21 detached homes that sold the average price was even lower, 13.3 percent, for an average of $1,407,629.
The average dollar value of all those April transactions was down 20.7 percent to $1,258,501.
The figures from this last year’s April to this year’s April, compared to April 2012 to April 2013, don’t look as bad, with mostly ups instead of downs.
Sales Volume Changes, year to year
- All Home Sales – up 16.9%, to 214 sales
- Detached Home Sales – up 2.6%, to 158 sales
- Semi-Detached Home Sales – up 100%, to 56 sales
Dollar Value Changes, year to year
- All Home Values – down 1.7%, to $1,239,279
- Detached Home Values – up 3.3%, to $1,405,959
- Semi-Detached Home Values – up 5.4%, to $764,609
Jethro Seymour is a broker at Johnston & Daniel. All figures are from the Toronto Real Estate Board’s Multiple Listing Service.