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Summer doldrums? Forget it – the prices just keep booming

Leaside Home Sales to Aug. 31, 2014

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Summer doldrums had little effect on house prices in Leaside and Bennington Heights this year, according to MLS figures. Comparing this past August with August 2013, the average price increased by 10.3 percent to $1,409,346. There were also 13 homes sold that month, compared to nine the year before.

Only one semi-detached home sold in August this year, but for just shy of a million dollars, $987,000.

The value of 2014’s year-to-date 139 detached homes was up slightly by 1.9 percent to $1,469.806. Only 114 detached homes were sold in the first eight months of 2013.

The 27 semi-detached homes sold saw a 28.9 percent decrease in sales activity but a 14.3 percent gain in average value through to the end of August.

For the current last 12 months of August 2013 to August 2014, compared to the same period the previous 12 months, semi-detached home sales were down 9.1 percent but the average price rose by 11.6 percent to $822,721.

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