The Beach Toronto Real Estate - 2015 3rd Quarter Report E02

Including: The Beaches, East End-Danforth and Woodbine Corridor

After a very busy second quarter of the year, with listings of detached, semi-detached and attached houses selling, on average, well above the asking prices, third quarter MLS sales in the Beach area were slower. Fewer detached and semi-detached homes sold, in comparison to the same period of 2014. Detached houses were selling, on average, below the listing price. Having said that, there was a tremendous increase in the average price of detached homes - that price rose by over 40% from the third quarter of 2014.

East End Danforth experienced the strongest competition between prospective buyers, and the average relation between sold and list price was the highest in this community.

Out of 133 detached, semi-detached and attached houses sold in the area in 3rd quarter, 45, or just over one-third, sold below asking. another 13 received full listing price, and five sol for 101% of asking. Six houses received more than 120% of list price. Only one of these was detached, listed for $999,900 and selling for $1,210,000. Remaining five were all listed under $630,000, with the lowest listing price of $400,000.

The highest - 128% - was paid for a narrow attached house, completely renovated and beautifully staged, which was listed just under $500,000.

Detached Houses

This two-storey detached house in south-east part of the Beach neighbourhood sits on a large reverse ravine lot The Beaches Toronto   2015     2014   Difference
House Sales   57     61   - 6.6%
Homes Average Price   $1,320,990     $917,968   + 43.9%
New Listings   118     111   + 6.3%
Active Listings   75     82   - 8.5%
% of Sales Price to Listing Price   99.6%     100.5%   - 0.9%
Days on Market   15     15   0.0%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 9 $679,722 18 19 101.6%
The Beaches 39 $1,553,013 87 13 99.4%
Woodbine Corridor 9 $956,828 13 19 99.3%

Semi-detached Houses

Many of the original Beach houses are clad using narrow horizontal vinyl or wood siding. Some are painted - this green one blends well with the surrounding nature The Beaches Toronto   2015     2014   Difference
House Sales   63     81   - 22.2%
Homes Average Price   $746,904     $673,998   + 10.8%
New Listings   100     115   - 13.0%
Active Listings   47     63   - 25.4%
% of Sales Price to Listing Price   105.7%     103.9%   + 1.8%
Days on Market   8     10   - 25%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 17 $726,259 30 6 108.0%
The Beaches 25 $841,856 43 10 103.6%
Woodbine Corridor 21 $650,579 27 7 107.1%

Attached Houses (Freehold Townhouses)

Newer freehold townhouses built on the site of former Woodbine racing track are spacious and sell very well The Beaches Toronto   2015     2014   Difference
House Sales   13     10   + 30.0%
Homes Average Price   $638,146     $622,500   + 2.5%
New Listings   18     16   + 12.5%
Active Listings   6     9   - 33.3%
% of Sales Price to Listing Price   104.5%     101.0%   + 3.5%
Days on Market   11     7   + 57.1%

 

  Sales Average Price New Listings Days on Market % Sold Price / List Price
East End-Danforth 7 $634,586 4 12 108.0%
The Beaches 3 $579,300 7 11 98.5%
Woodbine Corridor 3 $705,300 7 5 102.8%
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