Leaside East York Houses 2015 1st Quarter Report C11
|Sales||Average Price Detached||New Listings||Days on Market||% Sold Price vs. Listing Price|
Leaside cooled down 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 that the number of new listings dropped by over 36%. This would tend to push the prices upwards in most situations but, this was not the case in Leaside. Properties were selling in just over 2 weeks and Sellers got 103% of their List Prices. The Average Detached House Sold for over $1.5 Million, Semi-Detached Homes Sold for over $800K and Condos for $550,000. Condo sales in this area increased and showed 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 low interest rates, lower inventory and more Buyers will remain.
Leaside is an Neighbourhood where it is very important that you are use a Seasoned and Experienced Agent that understands the Real Estate Market in general or it could cost a Buyer or Seller Thousands (and even Tens of Thousands) of Dollars in your investment.