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Now semis are the big deal

Leaside Sales by Street

Leaside Sales by Street 2014 vs. 2015 (Click to Enlarge)

Semi-detached homes are showing the most interesting figures for the past 12 months in Leaside and Bennington Heights, compared to the previous 12 months.

Their sales dropped 32.7 percent to 33 homes, from May 2014 to the end of May 2015, compared to the previous 12 months, but the average price rose 9 percent to $850,072.

The year to date figures show the same trend: a 25 percent decrease in sales and a 6.4 percent gain in average value.

However, the number of sales for all houses has risen for the past 12 months by 1.5 percent, to 207, with a big rise in detached home sales of 8.6 percent, to 165 sales, which seems to indicate an easing in the lack of sellers as the summer season begins.

The easing was apparent in the May 2015 figures too: There were 31 total sales, close to the May 2014 figure of 32 sales. Prices rose sharply by 13.2 percent to an average $1,662,203.

A $3 million sale in North Leaside this year also helped overall average prices keep going up.

The North Leaside home has a 50-foot frontage on Glenvale and sold for $3,080,000.
That helped the average price for the last 12 months rise 6.2 percent, compared to the previous 12 months, to $1,362,515. Detached homes rose 1.4 percent in value to $1,473,730.
See the most recent street sales at leasidelifenews.com.

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