Davisville Village Home Sales Statistics for July 2018

Sales Volume Changes*
All homes – down 20.7% to 130
Detached – down 19.4% to 75
Semi-detached – down 20% to 48

Dollar Value Changes*
All homes - down 4% to $1,548,418
Detached - up 0.8% to $1,758,938
Semi-detached – down 9.8% to $1,255,499

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

Monthly Update
Six detached, four semi-detached, and one attached home changed hands in  Davisville Village last month, a 57.1% increase compared to 7 home sales in the same month last year.  The average value of those eleven homes  decreased by 12.3% from last year’s $1,791,429 to $1,571,909. Detached homes were valued at an average price of $1,818,333, a 4.2% drop from last year’s $1,898,167.  Value for semis, however, increased  9.4% from last  year’s  $1,151,000 to $1,259,000.

Year-To-Date Update
For the first seven months, sixty-nine homes were sold in 2018, a 39.5% drop compared to the year-to-date July 2017 sales which was at 114. Thirty-seven detached homes changed hands so far with an average value of $1,756,401 or a 3.2% decrease compared to $1,813,980 for sixty-four detached homes sold within the first seven months of 2017. Semi-detached home sales also decreased 35.7% from  forty-two to  twenty-seven while value dropped 14.0% from $1,439,982 last year to   $1,237,945.

Home values drop 4% over last year in Davisville Village!

As of August 3rd, 2018, there are 19 homes available in the Davisville Village area. These homes range in price from $999,000 for a semi on Balliol Street (63 days on the market) to $3,449,000 for a detached home on Cuthbert Crescent (24 days on the market).

Last month, 11 homes sold in Davisville, including 6 detached, 4 semis, and 1 attached home. The average time to sell a home was 19 days;  one home on Davisville Avenue sold on the day it was listed,  while the longest lasted 50 days on the market. This doesn't include the  7 homes that had been listed for more than 30 days or the 9  homes that were listed in the month of July and are not selling at their current listed prices.

5 of the 11 July home sales sold at or above their listed price. The highest-selling home was a detached  4-bedroom, 5-bathroom home on a 28 x 144 - foot lot with a private drive and garage on Hillsdale Avenue East. It sold for $2,940,000 (99% of the asking price). It was followed by a home on Hoyle Avenue which sold for $2,100,000 (11% above 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 still continues to drive bidding on homes.

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 June 2018 here.

July Sales in Davisville Village 

Source: TREB MLS Sales Data as of August 3, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE

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.