Real Estate Sales in North and South Riverdale, Toronto

Between March 21, 2017 and October 20, 2017

Toronto real estate market has been changing since the introduction of 15% tax on property purchases by non-resident buyers, changes to rent control, and the gradual increases of interest rates. This page is one of the pages created to enable my visitors to keep track of volume of sales and average prices in popular Toronto neighbourhoods as 2017 progresses.

Average house prices for each period between the 21st of one month and the 20th of the next are compared to the average prices for sales between 21st of March and 20th of April 2017.

North Riverdale

March 21 to September 20

Between March 21st and September 20th 56 freehold houses were sold in North Riverdale. The average price for the whole period was $1,521,498, the average difference between the list and sale price was 115%, and the average time on market was 8 days. The highest priced sale happened in July in south part of North Riverdale. It was a large detached house, an original corner store conversion. The high ceilings of the original store and its floor-to-ceiling windows provided great canvas to create a loft-like ambiance. No offer date has been set, and the house sold in 8 days just under the list price of $2,695,000. The lowest sale, $790,000, happened in June. It was a 2-storey, 2 bedroom townhouse with lane parking, and it sold in 7 days, on the date set for offers, receiving 115% of the listing price.

Out of the 56 listings one sold in 1 day, four in 2 days, one in 3 days, and 42 listings were sold within the first week of marketing. The longest time required to sell a house was 38 days, for a townhouse on Gerrard. Despite the long time on the market that listing was sold for 103% listing price.

Percentage of the list price ranged from 93%, for a 2-storey semi without parking in the north part of South Riverdale, asking just under 1.1 million, and sold in June after 37 days on the market, to 160% for a 2-storey semi sold in April south of Withrow Park. That house was listed with an asking price of $799,000 and sold on the day set for offers with multiple bids.

Ten listings sold with bully offers. None of the bully offers came in between March and June, and one in August.

September 21 to October 20

In the period between September 21 and October 20 number of sales rose by just over 50%, and the average selling price went up, although still remained lower from the March/April level by 10.5%. Average time required to sell an house was just over one week. Out of 31 listings 18 sold in the first week, and only four took more than two weeks - two of them by one and two days, remaining two were active for 26 and 30 days.

Eleven listings sold below asking price, with the lowest 91% and the rest between 95% and 99%. Two listings received full asking price, and 18 sold above. The highest percentage of the asking price was 137%, paid for a renovated century old semi near Pape and Queen, listed with an asking price of $879,000 and sold on the day set for offers for $1,203,000.

Five listings received bully offers, and these five sold between 114% and 123% of the listing price.

See the table below for monthly changes as compared to the first period (March 21 to April 20).

North Riverdale	Mar 21 - Apr 20	Apr 21 - May 20	May 21 - Jun 20	Jun 21 - Jul 20	Jul 21 - Aug 20	Aug 21 - Sep 20	Sep 21 - Oct 20
Sales	11	15	12	10	3	5	6
Avg. list price	$1,262,182	$1,289,927	$1,338,567	$1,454,450	$1,282,633	$1,417,580	$1,257,983
Avg. sold price	$1,689,164	$1,491,604	$1,448,575	$1,490,800	$1,504,333	$1,489,020	$1,389,000
% change from March/April level		-11.7%	-14.2%	-11.7%	-10.9%	-11.8%	-17.8%
% list	136%	116%	109%	104%	116%	106%	109%
Days on market	6	8	6	13	7	14	12

South Riverdale

March 21 to September 20

128 freehold listings were sold in South Riverdale between March 21 and September 20, 2017. The average selling price for the period was $1,082,106, the average difference between the list and sale price was 114%, and the average time on market was 9 days. While the average prices dropped substantially in every consecutive month from the March level of $1,236,915, the listing prices were also lower, which resulted in brisk sales with prices significantly above the asking prices.

65.6% of listings sold above the asking price. The highest parcentage, 169%, was received on the 22nd of March for a small 2 bedroom semi at Queen and Leslie. Listed low ($699,000), it received bully offers and sold for $1,180,771. In contrast, a much larger 3-storey semi at Queen and Pape with two 2-bedroom apartments, listed in May for $1,325,000, sold after two weeks for $1,210,000 or 91% of the asking price.

Four houses sold on the day the listing was signed, five more took one day to sell. Eight sold in 2 days, seven in 3 days. Out of 128 listings 77 sold in the first weeek. The longest time required to sell a house was 60 days, for a Victorian townhouse at Carlaw and Eastern, listed at the beginning of May, and sold in August.

12 listings were sold with bully offers. All the bully offers came between March and June.

September 21 to October 20

In the period between September 21 and October 20 number of sales rose by just over 50%, and the average selling price went up, although still remained lower from the March/April level by 10.5%. Average timer required to sell an house was just over one week. Out of 31 listings 18 sold in the first week, and only four took more than two weeks - two of them by one and two days, remaining two were active for 26 and 30 days.

Eleven listings sold below asking price, with the lowest 91% and the rest between 95% and 99%. Two listings received full asking price, and 18 sold above. The highest percentage of the asking price was 137%, paid for a renovated century old semi near Pape and Queen, listed with an asking price of $879,000 and sold on the day set for offers for $1,203,000.

Five listings received bully offers, and these five sold between 114% and 123% of the listing price.

See the table below for monthly changes as compared to the first period (March 21 to April 20).

South Riverdale	Mar 21 - Apr 20	Apr 21 - May 20	May 21 - Jun 20	Jun 21 - Jul 20	Jul 21 - Aug 20	Aug 21 - Sep 20	Sep 21 - Oct 20
Sales	23	28	24	17	16	20	31
Avg. list price	$997,439	$911,821	$1,009,017	$1,065,912	$828,956	$966,440	$1,027,777
Avg. sold price	$1,236,915	$1,083,446	$1,106,517	$1,088,473	$880,438	$1,028,828	$1,106,636
% change from March/April level		-12.4%	-10.5%	-12.0%	-28.8%	-16.8%	-10.5%
% list	126%	120%	111%	103%	108%	107%	109%
Days on market	6	7	8	11	15	7	8

See more neighbourhood price change reports