Toronto East Semi-Detached Homes 2012 Monthly Statistics

Every month the Toronto Real Estate Board (TREB) publishes sales statistics for resale homes.  The monthly TREB housing statistics are helpful in understanding overall activity,  however  since it included statistics from Mississauga, Durham, Vaughan, Brampton, etc. it did not address specific geographical areas or housing types.   Here you will find a further breakdown of those numbers which will focus on the following key metrics:

  • City of Toronto
  • Toronto East
  • Semi-Detached Homes

By drilling down on specific sections of Toronto  I believe it will allow both buyers and sellers a more accurate assessment of the direction of their housing market.  If you are looking at Toronto east, it includes some of the following neighbourhoods:

  • The Beaches
  • Danforth East End (Upper Beaches)
  • East York
  • South Riverdale
  • Birchcliff – Cliffside
  • Leslieville
  • Guildwood

 

You can see by the data semi-detached homes are the lowest in the city than any other geographic area.  Considering that Toronto east includes all of Scarborough and with neighbourhoods such as Malvern, Woburn and Morningside they contribute to lower average prices.  It should be noted that dozens of individual east Toronto neighbourhoods continue to have shown their long-term value and offer excellent buying opportunities.

 

Semi-Detached Homes Toronto East

GeographicArea Sales Average Price Median Price Average Selling Price to Listing Price Average Days on Market
January 2012 City of Toronto 157 $526,599 $465,000 101% 19
Toronto East 73 $498,079 $460,000 102% 19
February  2012 City of Toronto 283 $585,325 $512,000 104% 12
Toronto East 122 $534,463 $495,500 104% 11
March 2012 City of Toronto 388 $569,319 $523,750 105% 11
Toronto East 170 $510,277 $487,000 105% 9
April 2012 City of Toronto 451 $581,034 $550,000 105% 11
Toronto East 183 $540,118 $508,000 106% 9
May 2012 City of Toronto 490 $591,067 $527,000 103% 12
Toronto East 111 $540,755 $512,000 104% 10
June 2012 City of Toronto 403 $562,057 $510,000 102% 13
Toronto East 155 $506,370 $482,000 103% 10
July 2012 City of Toronto 272 $526,979 $487,650 100% 17
Toronto East 109 $504,247 $458,000 101% 13
August 2012 City of Toronto 219 $540,204 $473,000 100% 21
Toronto East 100 $474,684 $434,500 101% 18
September 2012 City of Toronto 273 $604,963 $530,000 101% 18
Toronto East 117 $540,953 $515,000 102% 16
October 2012 City of Toronto 347 $575,618 $525,000 101% 18
Toronto East 144 $514,496 $515,500 101% 14
November 2012 City of Toronto 280 $583,117 $540,000 100% 20
Toronto East 95 $506,595 $512,500 99% 20
December 2012 City of Toronto 129 $556,260 $510,500 99% 25
Toronto East 61 $490,620 $450,000 99% 23

Source: Toronto Real Estate Board

So depending if you are buying or selling then knowing when to time the market can be critical.   Here is a quick look at the data as I see it:

Selling

  • If you were selling the best months were March, April, May and June as they had the shortest days on market and received the high average selling to listing price.
  • The worst month to sell was January, February, November and December as they had the longest days on market and the lowest average to selling to list price.

Buying

  • For buyers it exactly the reverse.  The best time months to buy are January, February, November and December for the same reasoning longest days on market and low average selling to list price.  Also consider August as a good time to buy.
  • The worst time to buy is the spring months of March, April, May and June.   Due to a larger pool of buyers during that period homes sold in the shortest days on market and also sold at a premium with the highest average selling to list price.

It is important to repeat that when looking at these statistics is that some of Toronto’s east end neighbourhoods hold their value more than others.   This is where I provide for my clients the same statistical metrics but on a specific neighbourhood.  This is a great tool as we can look at the numbers and get an updated analysis of pricing and the best time to purchase or sell.

If you would like to statistical analysis of a specific neighbourhood contact me and I will try to build one for you.

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