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Average home price up 22% for past year

Leaside sales by street 2013 vs. 2014 year to date (end May)

Leaside sales by street 2013 vs. 2014 year to date (end May)

There are a couple of negative figures in the latest MLS real estate numbers, but they haven’t stopped prices in Leaside and Bennington Heights from showing strong upward strength.

During May this year 32 houses sold, compared to 42 last year, a drop of almost 24 percent, but the average dollar value went up by 22.2 percent to $1,443,566.

And figures for the first five months this year, compared to the same time last year, show a small 1.2 percent drop in average dollar value for detached homes, to $1,494,435. But the value of semi-detached homes saved the day with a 4.5 percent increase.

As a result the average dollar value for the past 12 months, end of April 2013 to the end of this May, was up 3.5 percent for all homes compared to the same previous 12-month period. Detached home sales were up 7.1 percent and semi-detached home sales up 6.5 percent.

The number of sales in each 12-month period was the same: 204 homes.

Two interesting figures: The highest sale so far in 2014 through MLS was for $3.2 million on Moorehill in Bennington Heights. The lowest was $675,000 for a two-bedroom semi-detached on Broadway in North Leaside.

As of mid June there were 24 homes for sale in Leaside, ranging from $699,000 to $2,95,000.

Jethro Seymour is a broker at Johnston & Daniel. All figures are from the Toronto Real Estate Board’s Multiple Listing Service.

 

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