Toronto Real Estate and Homes For Sale

Leaside Market Report and Average Sale Price - October 2008

Leaside sales came down by 33%, but the average sale price climbed by 13%.

Surprisingly, the listing price versus the sale price decreased from 104% to 97%, which is a relatively modest decline compared to other Toronto neighbourhoods. 

As I have mentioned before, Leaside buyers don’t appear to be too concerned about the economic turmoil in the U.S. and Canada.
Will they be proven right? The jury is still out.

Leaside 

There were 2,546 transactions recorded last month in the City of Toronto, an 11 per cent decline from the 2,854 sales in September 2007, and a five per cent drop from the 2,680 sales in September 2006.

The average price of $393,647 came down six per cent from the September 2007 average of $420,182.

The Greater Toronto Area (GTA) showed a six per cent decline with 6,424 homes changing hands last month, compared to the 6,866 sales that took place in September 2007. The GTA resale housing market has seen home sales decline by 14 per cent from the 73,827 transactions recorded a year ago.

There have been 63,595 sales through the Toronto MLS system this year. In the City of Toronto, year-to-date sales have declined 16 per cent from last year’s figure of 30,059 to 25,257 transactions in 2008.

I will be reporting changes in these areas as they occur, so be sure to check back for the latest updates.

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Leaside Homes for Sale and Average Price - September 2008

Home sales in Leaside comparing August 2007 with August 2008 using total homes sold, average sale price and days on the market.

It is important to point out that these one month statics do not necessarily reflect a market trend. To keep abreast of home sales in Leaside visit our site frequently.

For more information on any of these homes, call me at 416-482-8330 ext.3519 or send me an email,

Leaside Homes for Sale and Sold - June 2008

209 Randolph		19 St Cuthberts		434 Sutherland

There are 38 homes available for sale in Leaside. Inventory of homes for sale is slightly higher than in previous years. The Leaside market continues to show very strong demand from buyers, and it continues to be a seller’s market.
 
In May of 2007 there were 31 homes sales in Leaside, compared to sixteen sales in May 2008, representing a 30% drop. The average price was $859,706.  Six out of the sixteen properties sold received a selling price above the listed price. The lowest price was $474,500 and the highest sale price was $1,700,000. The highest sale received 113% of the listed price and the lowest got 90% of the listed price. 

The average selling time was 12 days. Only one home sold in one day, and the longest took 39 days. The homes shown here are MLS listings by various broker companies, sales representatives and broker members of the Toronto Real Estate Board. For more information on any of these homes send us an email. 

Leaside Homes for Sale and Sold - May 2008

88 Vanderhoof		253 McRae

The homes shown here are MLS listings by various broker companies, sales representatives and broker members of the Toronto Real Estate Board. For more information on any of these homes send us an email.

Leaside Market Still Favours Home Sellers

Some real estate markets simply defy all common wisdom, and apparently march to the beat of a completely different real estate drummer.

Leaside is no exception and continues to be one of Torontos hottest real estate markets. A brief look at the last 25 sales in this high-demand neighbourhood shows no fear or holding back by homebuyers.

The figures below are based on a calculation of the last twenty five home sales in Leaside:

• Sixty four percent were sold above the asking price.
• Twelve percent of the homes sold in the last month received the full asking price.
• Less than a quarter of these homes sold below the listed price.
  

Leaside Homes for Sale - April 2008

With the arrival of kinder weather, Leaside inventory of homes for sale has gone up significantly compared to the last few months. In early April there are a total of twenty six homes available for sale, ranging from the mid five hundred thousand dollars to over one million eight hundred thousand.

124 Randolph Road		199 Sutherland Drive		253 McRae Drive

Who Are My Neighbours in Leaside

Demographically, the Leaside community is made up predominantly of single-family homes housing upper-middle class families. The most famous house in Leaside is James Leas, located at 201 Sutherland Drive.

Built in 1909, it is unique in that the back of the house faces Sutherland Drive. It was originally built to face a street that no longer exists.

The 22nd and current Prime Minister Stephen Harper was also born and raised in Leaside. Due to city expansion, Leaside has become prime real estate with the Greater Toronto Area. Recently a home on Leasides prime street sold for over two million dollars, a record for this neighbourhood.

Source: City of Toronto Ward demographics.

Leaside Homes Average Sale Price - April 2008

	Toronto Leaside Homes Average Sale Price
	Field	Average	Median	Low	High
	Sold Price	867,401	809,500	419,000	2,018,185
	List Price	820,092	699,450	419,000	1,895,000
	Taxes	4,817	4,384	3027	10,882
	Days On Market	10	7	2	36

File photo. Leaside semi-detached

Sales from October 2007 to March 2008. Forty eight homes sold, 34 detached and 14 semi-detached.

What it Sold for in Leaside

	What it sold for in Leaside
	Type	Style	Bedrooms	Washrooms	Date Sold	Sale Price
	Semi-Det	2 Storey	3	2	March 2008	625,000

File Photo

The photograph shown is of a home of similar type, style and number of bedrooms in Leaside. Privacy laws in Ontario prohibit the public distribution of sale prices of individual homes.

This spacious Leaside semi-detached home is situated on a Deep Lot. Both front and rear yards have been professionally landscaped. This home also features a finished recreation room and French doors.

To receive more specific information on this or any other homes, click here

Leaside Homes for Sale and Sold - March 2008

Homes for Sale -March 2008

             22 Mcrae Drive                                        335 Laird                                                      37 Divadale

Total of sixteen homes for sale in Leaside as of February 28, 2008. For this time of year, the number of homes for sale in this area is a bit higher, as compared to recent years.

There were nine sales in Leaside in January and fourteen in February. Sold prices ranged from a low of $520,000 to a high of just over $2,000,000.

The homes shown here are MLS listings by various broker companies, sales representatives and broker members of the Toronto Real Estate Board.

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