Davisville Village in Toronto homes is more expensive now. Is it a good thing?
Davisville Village home values increase 5.1%
In November of 2013, 7 homes changed hands in Davisville Village, which is a significant 46% decrease from last November’s 13 that were sold in the neighbourhood. In addition, the average dollar value of these transactions rose by 39.4%. There was a 29.3% increase in the value of detached homes, which was disproportionally skewed due to 4 of the 5 homes transacting above $1.4 million dollars. Last year, the average monthly value for all homes sold in Davisville Village was $882,208, compared to $1,229,857 this year. 2 Semi-detached homes sold in November of 2013, compared to 6 in November of 2012 representing a 67% decline in sales volumes for the month.
Davisville Village year-to-date home sales are down, from 181 in 2012 to 139 in 2013 — a decrease of 23.2%. Detached home sales are down 24.8% for the year. The volume of…
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