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% |
