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Prices still rising

Leaside Street Sales YTD to March 2014 vs March 2015

Click to enlarge.

North Leaside bungalows are still setting records as we head into spring. A recent bungalow sale was for $1,328,000. It was situated on a 37.4-foot (frontage) lot and sold for 11.69 percent over asking.

So far this year homes have been selling at an average 6 percent above asking.

The highest in a multiple-offer situation was 31 percent above and the lowest was 5 percent below.

With the historically low interest rates we are sure to see more multiple offer situations and strong demand for our Leaside properties, especially with a significant lack of inventory.

In March only 12 homes changed hands in Leaside Bennington Heights, which was much fewer than the 21 homes that sold last March.

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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