Leaside Home Sales for May 2023
Sales Volume Changes*
All homes - down 20.9% to 125 homes sold
Detached - down 15% to 102 homes sold
Semi-detached - down 40% to 21 homes sold
Dollar Value Changes*
All homes - down 0.1% to $2,458,859
Detached - down 1.8% to $2,673,517
Semi-detached - down 8% to $1,506,367
*MLS 12-month year-over-year changes ending May 31, 2023; Provided by Jethro Seymour
Monthly Update
In the Leaside neighborhood, eighteen homes were recently sold including fifteen detached homes and three semi-detached homes. The average value of these transactions last month was $2,684,834, which represents a 6.7% decrease from the mean average of $2,877,235 in May of the previous year.
Average Days on the Market are up by 61.5% over last year in Leaside Homes
Out of the eighteen homes sold in May in Leaside, fourteen were sold at or above their initial asking prices. The top-selling homes in the area included a stunning custom-built 4-bedroom, 5-bathroom home on Heath Street East, complete with a private drive and a built-in 1-car garage. It sold for the full asking price of $6,195,000. Another detached home on Brentcliffe Road West also fetched a high price, selling for $4,275,000 which was 107% of the initial listing price.
Last month, Leaside properties had an average of only 7 days on the market. The quickest sale was for a home on Airdrie Road, which sold within just 1 day of being listed. The longest sale, on the other hand, took 21 days for a home on Donegall Drive. However, two homes listed for over 30 days and five other homes listed in May have not sold at their current prices.
Entry into the Leaside market now requires buyers to spend $1,430,000 for a semi-detached home and at least $1,580,000 for a detached home.
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View April Home Sales 2023 here..
May 2023 Sales
in Leaside
Detached | No. of Sold | Avg. Price | % of List Price | Days on Market |
2 Bedroom | 2 | $2,145,760 | 115% | 5 |
3 Bedroom | 5 | $2,272,100 | 111% | 3 |
4 Bedroom | 7 | $3,484,000 | 104% | 10 |
6 Bedroom | 1 | $3,650,000 | 99% | 6 |
Semi-detached | No. of Sold | Avg. Price | % of List Price | Days on Market |
3 Bedroom | 3 | $1,545,667 | 105 | 7 |
Source: TREB MLS Sales Data as of June 1, 2023;
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Leaside & Bennington Heights 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.