Toronto Riverdale Houses - 2017 2nd Quarter Report E01
Including: North Riverdale, South Riverdale, Blake-Jones and Greenwood-Coxwell
Second quarter real estate sales in Riverdale, while fewer (by a third for attached houses, almost a quarter for detached and a fifth for semi-detached) on a year-over-year basis, received more than the listing price in almost 75% of instances. We had more new listings, and more active listings at the end of the period, but price gains were still strong, particularly for detached and semi-detached homes.
Out of all houses sold in the second quarter of 2017, 19.1% sold under asking (with majority of these selling for 95% to 99%), 6.7% received full price, and 74.2% sold over asking. In comparison, in the secon quarter of 2016 15.1% of listings sold under asking, 7.4% at full price and 77.5% above list price.
Highest percentage of listing price (170%) was received for a 2-storey semi-detached house with no parking on a nice street close to subway and park. It was (definitively intentionally low) listed asking $699,000, and sold for $1,185,000, or $486,000 over. The highest amount of money paid over asking for a freehold residential house in E01 in the second quarter was $532,000, received for a renovated and modernized 3-storey Victorian townhouse at Queen and Carlaw, listed just under a million, and sold for $1,531,000.
Lowest percentage, 88%, was received for a 2-storey semi-detached 2 bedroom home without parking near Coxwell and Dundas.
Four houses sold on the they the listing contract was signed; all of them above asking, two with bully offers. 11 houses sold in one day. One-third of all listings sold in up to five days.
The longest time on the market - 38 days - was needed for a 4-bedroom townhouse on a busy street, listed for $988,800, which was, nevertheless, sold for $1,030,000, or 103% of asking.
Thirty three listings sold with a bully offer. A registration of a bully offer often triggers more offers coming to the table.
48
detached houses
sold at an average price of $1,298,439, ranging from $570,000 for a small two bedroom house on a small lot with only crawl space instead of basement and with no parking at Queen and Coxwell, to $2,650,000 for a three storey renovated residence with a two car garage off a back lane in North Riverdale.
Nine detached houses sold below asking, with 93% of the listing price the lowest. Six houses sold for full price, and the remaining from 101% to 153%.
99
semi-detached houses
sold at an average price of $1,080,968, ranging from $530,000 for a 2-bedroom 2-storey semi without parking or basement, and needing renovation, to $1,965,000 for a nicely renovated 2.5-storey 4-bedroom house with a single carport off a back lane in North Riverdale.
Eighteen semi-detached homes sold under asking, with the lowest ratio of sold to list price of 88%. Five were sold for a full asking price, and the rest sold between 101% and 170% of the listing price.
28
townhouses
sold at an average price of $939,382, ranging from $500,000 for a 3-bedroom starter house being sold in 'as is' condition, but with lane parking for two cars, to $1,626,000 for a beautiful and large 3-storey freehold townhouse built in 2013, with lane parking and detached single garage in South Riverdale.
Seven townhouses sold below the listing price, with the lowest 91%. One sold for full price, and the remaining sold between 101% and 153%.
Detached Houses
|
Riverdale Toronto
|
|
2017
|
|
|
2016
|
|
Difference
|
|
House Sales
|
|
48
|
|
|
63
|
|
- 23.8%
|
|
Homes Average Price
|
|
$1,298,439
|
|
|
$1,124,973
|
|
+ 15.4%
|
|
New Listings
|
|
108
|
|
|
85
|
|
+ 27.1%
|
|
Active Listings
|
|
61
|
|
|
44
|
|
+ 38.6%
|
|
% of Sales Price to Listing Price
|
|
114.5%
|
|
|
111.6%
|
|
+ 2.9%
|
|
Days on Market
|
|
8
|
|
|
8
|
|
0
|
|
|
Sales
|
Average Price
|
New Listings
|
Days on Market
|
% Sold Price / List Price
|
|
North Riverdale
|
16
|
$1,750,938
|
24
|
7
|
117.6%
|
|
South Riverdale
|
14
|
$1,214,171
|
38
|
8
|
113.9%
|
|
Blake-Jones
|
4
|
$1,172,500
|
7
|
6
|
111.7%
|
|
Greenwood-Coxwell
|
14
|
$901,547
|
39
|
10
|
110.1%
|
Semi-detached Houses
|
Riverdale Toronto
|
|
2017
|
|
|
2016
|
|
Difference
|
|
House Sales
|
|
99
|
|
|
124
|
|
- 20.2%
|
|
Homes Average Price
|
|
$1,080,968
|
|
|
$891,567
|
|
+ 21.2%
|
|
New Listings
|
|
180
|
|
|
141
|
|
+ 27.7%
|
|
Active Listings
|
|
88
|
|
|
53
|
|
+ 66.0%
|
|
% of Sales Price to Listing Price
|
|
114.8%
|
|
|
115.8%
|
|
- 1.0%
|
|
Days on Market
|
|
8
|
|
|
7
|
|
+ 1
|
|
|
Sales
|
Average Price
|
New Listings
|
Days on Market
|
% Sold Price / List Price
|
|
North Riverdale
|
21
|
$1,412,712
|
35
|
8
|
113.0%
|
|
South Riverdale
|
35
|
$1,077,044
|
68
|
7
|
116.5%
|
|
Blake-Jones
|
6
|
$1,209,167
|
25
|
5
|
117.6%
|
|
Greenwood-Coxwell
|
37
|
$875,603
|
52
|
10
|
113.8%
|
Attached Houses (Freehold Townhouses)
|
Riverdale Toronto
|
|
2017
|
|
|
2016
|
|
Difference
|
|
House Sales
|
|
28
|
|
|
42
|
|
- 33.3%
|
|
Homes Average Price
|
|
$939,382
|
|
|
$863,004
|
|
+ 8.8%
|
|
New Listings
|
|
50
|
|
|
45
|
|
+ 11.1%
|
|
Active Listings
|
|
28
|
|
|
20
|
|
+ 40.0%
|
|
% of Sales Price to Listing Price
|
|
111.5%
|
|
|
110.6%
|
|
+ 0.9%
|
|
Days on Market
|
|
8
|
|
|
8
|
|
0
|
|
|
Sales
|
Average Price
|
New Listings
|
Days on Market
|
% Sold Price / List Price
|
|
North Riverdale
|
2
|
$910,000
|
3
|
23
|
109.0%
|
|
South Riverdale
|
19
|
$1,111,827
|
37
|
6
|
112.5%
|
|
Blake-Jones
|
1
|
$755,000
|
2
|
3
|
101.0%
|
|
Greenwood-Coxwell
|
6
|
$863,000
|
8
|
17
|
108.0%
|
