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Leslieville South Riverdale Toronto 2015

1st Quarter Report 

Leslieville South Riverdale, Toronto 2015  2014 Difference
House Sales 92  104 - 13%
Homes Average Price $613,808  $598,562 + 3%
New Listings 152  75 +50%
Active Listings 45  18 + 150%
% of Final Sales Price to Listing Price 106%  108% - 2%
Days on Market 20  8 +150%

 

leslieville toronto real estate

Leslieville South Riverdale continued on it's strong real estate course. Average sales prices increased by 3% to almost $615k. Sales were down over last year by 13% with 92 sales in the area. New listings came in at 152 up by 50% but down based on the numbers over the past 5 years. Most listings are selling in 2 to 3 weeks. Even with the number of sales down the sellers were getting what they wanted and more as the final sales to listing price was at 106%. We have found a few listings taking longer due to the price of the listing being too high. If the listing price comes in at market value we are seeing listings sell with multiple offers and even bidding wars. Leslieville will continue to do strong for many reasons, first, it has become a  trendy neighbourhood that young families are trying to live in, 2nd, 1st time buyers still have an opportunity to get into the neighbourhood and third new homes are coming on the market at a decent pace but not fast enough to raise inventory. We found the 1st quarter of 2015 a sellers market and i expect the same to remain for 2nd quarter. If you are debating on selling your home or condo now is a very strong time to do so, as we have no idea how long this strong sellers market will remain.

 

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