First, a little
PRICE DROP – SUMMERHILL
125 Macpherson Avenue
From the falling snow and the snow on the ground in this listing picture, you get an idea of how long this house has been on the market.
This 2+1 bedroom, 4 bathroom semi on an 18.75 x 12 foot lot has been listed since March.
The asking price was $2,195,000.
Ridiculous ?
Probably … because it was no surprise when this house dropped its price a month later to $2,095,000.
No sale and there was another drop to $1,995,000.
Still no sale and the price has been dropped again to … $1,895,000.
Hottest Toronto Neighbourhoods for 2013 (Realosophy Top Ten)
To celebrate the upcoming release of the Globe and Mail’s semi-annual real estate market report, powered by Realosophy Analytics, we’re unveiling our ranking of Toronto’s hottest neighbourhoods.
If you’re not in one of the neighbourhoods featured on our list, grab a copy of the Globe on Sept 27th to see exactly how your neighbourhood has performed.
Understanding the Data
- Yellow Circle: Ranking based on Realosophy’s Heat Index which uses year-over-year appreciation, balance between supply and demand and the % of properties selling for more than asking to measure how hot a neighbourhood is
- Avg. Price 2013: Average house prices from Jan to Aug 2013, calculated by Realosophy, based on Toronto Real Estate Board (TREB) Data
- Avg. Price 2012: Average house prices from Jan to Aug 2012, calculated by Realosophy, based on Toronto Real Estate Board (TREB) Data
- Change in Price: Year over Year Appreciation – Avg. Price 2013 vs. Avg. Price 2012
- % Houses Selling for More Than Asking: Percentage of houses that sold for over the asking price in 2013, calculated by Realosophy, based on TREB data
1. Bloor West Village (West) See Current Houses for Sale in Bloor West Village
Avg. Price 2013: $868,396
Avg. Price 2012: $805,925
Change in Price: +8%
% of Houses selling for more than Asking: 76%
Popularity Points:
- Plenty of entertainment options on Bloor West
- Detached houses
- Short walk to the subway
- 90/100 walkability
Full Neighbourhood Profile for Bloor West Village
Avg. Price 2013: $621,690
Avg. Price 2012: $504,683
Change in Price: +23%
% of Houses selling for more than Asking: 69%
Popularity Points:
- Condos and Townhouses
- Majority of homes have one bedroom
- 100/100 Walkability
- Multitude of entertainment options
Full Neighbourhood Profile for Kensington Market
3. Regal Heights (Central) See Current Houses for Sale in Regal Heights
Avg. Price 2013: $862,118
Avg. Price 2012: $778,064
Change in Price: +11%
% of Houses selling for more than Asking: 65%
Popularity Points:
- Close to many entertainment options
- 93/100 Walkability
Full Neighbourhood Profile for Regal Heights
4. Chaplin Estates (Central) See Current Houses for Sale in Chaplin Estates
Avg. Price 2013: $1,231,452
Avg. Price 2012: $1,133,325
Change in Price: +9%
% of Houses selling for more than Asking: 58%
Popularity Points:
- Excellent schools
- Within walking distance of Eglinton subway station
- 90/100 walkability
Full Neighbourhood Profile for Chaplin Estates
5. The Junction (West) See Current Houses for Sale in The Junction
Avg. Price 2013: $596,286
Avg. Price 2012: $573,617
Change in Price: +4%
% of Houses selling for more than Asking: 58%
Popularity Points:
- Multiple dining and entertainment options
- Large percentage of two-storey homes
Full Neighbourhood Profile for The Junction
6. Carleton Village (West) See Current Houses for Sale in Carleton Village
Avg. Price 2013: $442,621
Avg. Price 2012: $401,966
Change in Price: +10%
% of Houses selling for more than Asking: 54%
Popularity Points:
- Semi-detached houses
- Large percentage of three bedroom homes
- 88/100 walkability
Full Neighbourhood Profile for Carleton Village
7. Seaton Village (Central) See Current Houses for Sale in Seaton Village
Avg. Price 2013: $848,635
Avg. Price 2012: $727,349
Change in Price: +17%
% of Houses selling for more than Asking: 52%
Popularity Points:
- Proximity to Downtown and Queen West
- Mainly single family homes – row houses and semi-detached
- Walking distance to subway
Full Neighbourhood Profile for Seaton Village
8. Roncesvalles (West) See Current Houses for Sale in Roncesvalles
Avg. Price 2013: $692,439
Avg. Price 2012: $603,651
Change in Price: +15%
% of Houses selling for more than Asking: 52%
Popularity points:
- Spacious single family homes
- Proximity to High Park
- Easy access to Gardiner
Full Neighbourhood Profile for Roncesvalles
9. Central East York (East) See Current Houses for Sale in Central East York
Avg. Price 2013: $570,531
Avg. Price 2012: $539,934
Change in Price: +6%
% of Houses selling for more than Asking: 55%
Popularity Points:
- Detached, two-storey homes
- Majority of homes have three bedrooms
Full Neighbourhood Profile for Central East York
10. Christie Pits (Central) See Current Houses for Sale in Christie Pits
Avg. Price 2013: $709,710
Avg. Price 2012: $650,310
Change in Price: +9%
% of Houses selling for more than Asking: 52%
Popularity Points:
- Christie Pits park and recreational facility nearby
- Affordable semi-detached homes
- Good access to public transportation
Full Neighbourhood Profile for Christie Pits
Realosophy Realty Inc. Brokerage is an innovative residential real estate brokerage in Toronto. A leader in real estate analytics and pro-consumer advice, Realosophy helps clients buy or sell a home the right way. Email Realosophy