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Leaside East York Houses 2015 1st Quarter Report C11

 

 SalesAverage Price DetachedNew ListingsDays on Market% Sold Price vs. Listing Price
Leaside31$1,083,2555515103%

 

leaside toronto real estate reportLeaside continues to cool in the 1st quarter of 2015. The number of sales dropped 43% to only 31. Prices also fell on average to $1,083,255 from $1,253,358 last year at this time.  Where the most dramatic difference was the new listings dropped by over 36%. This would tend to push the prices in most situations but this was not the case in Leaside. Properties were selling in just over 2 weeks and sellers got 103% of the listing prices.The Average detached house is selling for over 1.5 million, semis at over $800,000 and condos are coming in at $550,000. We saw an increase in condo sales in this area and that will show an effect on the overall average in this market.

With all this said it must be understood that if you are debating on selling your home now is the time to put it on the market. We never know how long this tide of higher prices and lower inventory will remain.

Leaside is an neighbourhood that it is very important that you are using a season experienced agent that understands this area intimately or it could cost you as a buyer or seller thousands and even tens of thousands of dollrs in your investment.

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