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Judi Kohn
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Bedford Park Nortown Houses 2014 2nd Quarter Report

Including: Forest Hill North, Lawrence Park, Bedford Park and Englemount

North Toronto Toronto   2014     2013   Difference
House Sales   310     255   + 21%
Homes Average Price   $1,566,666     $1,432,450   + 9%
New Listings   431     485   - 12%
Active Listings   294     273   + 8%
% of Final Sales Price to Listing Price   102%     99%   + 3%
Days on Market   14     20   + 30%

 

  Sales Average Price Detached New Listings Days on Market % Sold Price vs. Listing Price
Forest Hill North 22 $1,368,000 29 12 100%
Lawrence Park N&S 146 $1,408,000 146 14 103%
Bedford Park 119 $1,636,000 239 20 99%
Englemount 33 $982,000 49 18 100%

 

north toronto housing report 2014Sales in North Toronto continued to be strong. Where we saw a small decline in sales in Q-1 this year we saw a strong increase in Q-2 over last year going from 255 sales to 310. Prices also increased by 9% to over 1.5 million. One concern from the buyers side but a huge lift to the sellers side is we did see a decline of new listings by 12%. This area is still in high demand as we saw homes sell for 100% of listing price and in just over 2 eeks. New listings flowed consistently over the quarter but we did not see a larger inventory of homes in the area.

What I found interesting is how well the luxury homes sold in this area. They sold fast and over asking prices. This proves the demand is back for luxury homes an area that was weak in 2013.

Lawrence Park and North Forest Hill continue to hold the high demand factor as prices are very solid and we see no weakness over the near future. Englemount is still your best bet to get an affordable house in this area though the prices have been rising constantly over the past few years. Bedford Park is the neighbourhood that has shown the greatest increase in prices over the past 5 years and continues to hold very strong.

The analysis shows if you are debating on selling your home, now would be an excellent time to place your home on the market as the inventory continues to be low.

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