Davisville Village Home Sales Statistics for October 2018

Sales Volume Changes*
All homes - down 36.7% to 112
Detached - down 41.6% to 59
Semi-detached - down 33.3% to 44

Dollar Value Changes*
All homes - down 3.5% to $1,554,046
Detached - up 4.3% to $1,824,955
Semi-detached - down 10.7% to $1,246,132

*MLS 12-month year-over-year changes ending October 31, 2018; Provided by Jethro Seymour

Monthly Update

Five detached, six semi-detached, one attached, and one duplex home changed hands in Davisville Village last month, marking a 27.8% decrease over the 18 home sales we saw in October of last year. The average value of those 13 homes rose to $1,687,462, a 15.4% increase from last year’s October mean of $1,462,445.  Last month, detached homes were valued at an average price of $2,272,400, a 33.1% increase from last year’s $1,707,571. Value for semis also increased by 5% to $1,385,833, up from the $1,320,202 average we saw last October.

Year-To-Date Update

Over the first 10 months of 2018, 95 homes were sold in Davisville Village. This marks a 39.9% drop compared to the year-to-date October 2017 sales figures, which saw 158 completed transactions. Forty-six detached homes have changed hands so far this year, with an average value of $1,808,345. This is a 1.5% increase compared to the average sale price of $1,781,345 for the 89 detached homes that changed hands in the first ten months of 2017. Semi-detached home sales dropped by 31.7% compared to last year, falling from 60 sales to just 41. Average value also declined 10.6% from 2017, from $1,391,869 to $1,244,471.

Davisville Village home values drop 3.5% over last year!

As of November 5, 2018, there are 22 homes available in the Davisville Village area. These homes range in price from $1,200,000 for a semi on Thurston Road (96 days on the market) to $3,299,000 for a detached home on Hoyle Avenue (18 days on the market).  

Last month, 13 homes sold in Davisville, including five detached, six semi-detached, one attached, and one duplex home. The average time to sell a home was nine days; one home on Millwood Road sold a day after it was listed, while the longest lasted 30 days on the market. This doesn't include the eight homes that had been listed for more than 30 days or the 12 homes that were listed in the month of October and are not selling at their current listed prices.  

Seven of the 13 October home sales sold at or above their listed price. The most valuable Davisville Village home sale of the month was a detached 4-bedroom, 5-bathroom home on a 29’ x 150’ lot on Soudan Avenue. It sold for $2,988,000 (94% of the asking price). It was followed by a home on Belsize Drive which sold for $2,680,000 (108% of the asking price).   

Entry into the Davisville Village market now requires buyers to spend over a million dollars for a semi-detached home and at least $1,200,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as a main driver of competitive bidding. 

Consider me your Davisville Village neighbourhood real estate expert and resource. When it is time to move, I  am here to help with insightful strategies,  expert negotiation skills and results-focused marketing plans.

View home sales statistics for September 2018 here.

October Sales in Davisville Village 

Source: TREB MLS Sales Data as of November 5, 2018
Statistics Provided by Jethro Seymour, Broker of Record

Jethro Seymour is one of the Top Davisville Village Real Estate Brokers and a midtown Toronto residential specialist with over 20 years of sales experience in real estate, marketing, construction and publishing. He has helped many families find homes in Toronto’s great neighbourhoods, and has extensive knowledge of local markets, new home construction, resale home sales, and the condo market. Living in midtown Toronto, Jethro previews many of the homes that come to market for his clients and inventory knowledge. Jethro specializes in Midtown, Davisville Village and Leaside neighbourhoods.