The Semi Report - Sutton Group-Associates

The Semi Report

18 December 2018
Sutton Group-Associates

Toronto real estate is back in the spotlight after the Toronto Real Estate Board [TREB] published the November statistics, leading to a wave of reports of a cooling, vulnerable market. As Toronto is a market of markets, we compared the inventory and average sales prices for semi- detached homes in some of the City’s most in-demand areas, using sales data from Q3 2017 and Q3 2018.  Think you are a real estate expert? Put your knowledge to the test and see if your predictions were inline with the numbers. 


Trinity-Bellwoods

 

In Q3 the average price of a semi in Trinity Bellwoods came in at $1,375,200 up from $1,264,350 in Q3 2017. There were 9 sales of semis versus 8 sales in Q3 2017.

 


The Annex

In Q3 2018, the average price of a semi in the Annex came in at $2,068,000 up from $1,735,690 in Q3 2017.  There were 11 sales versus 15 sales in Q3 2017.

 

Wychwood

In Q3 the average price of a semi in Wychwood came in at $1,022,515 up from $989,500 in Q3 2017. There were 10 sales versus 6 sales in Q3 2017.

RiverdaleSouth

In Q3 the average price of a semi in Riverdale South was $1,055,832 up from $1,014,975 in Q3 2017. There were 31 sales down from 35 in Q3 2017.

 

HighParkNorth

In Q3 the average price of a semi in High Park North was 1,175,667 up from $1, 019,127 in Q3 2017.  There were 3 sales down from 8 sales in Q3 2017.

 

 

As you can see, the trend is an overall decline in transactions rather than a decline in sales prices, with some areas more affected than others. There are different ways to interpret these indicators, be it a sign of affordability, demographics, or other factors. It is important to consider the policy changes enacted this year, several of which were directed at leveling the housing market.

 

Natalie Sutton Balaban