Parkview Hills is a popular family oriented neighbourhood consisting of approximately 1,000 houses. So far in 2011 there have been 26 sales recorded in this neighbourhood. The small number of sales can be attributed to the fact that there are very few sellers in this exclusive pocket in any given year. This is a stable neighbourhood where families put down roots and stay for a long period of time. “Parkview Hills offers country living in the city as it is surrounded by parks and ravines. Good transit access includes a bus route which runs throughout the neighbourhood and is minutes to the subway and downtown access. It is a safe area where people wish to raise their families in a true family neighbourhood.” says Effie Panagiotopoulos, Sales Representative, Re/Max Ultimate Realty.

All the homes in Parkview Hills are detached. There were 11 bungalows sold this year, along with 9 two-storey houses and 6 custom new homes. The lots in this neighbourhood are above average. Most of the property widths are 34-40 feet with the premium lots stretching to 50 feet wide. The new homes are currently selling for between $1,000,000-$1,500,000. Many of these have double car garages and are situated on premium ravine lots overlooking the scenic East Don River conservation lands.

The average price of a home in Parkview Hills is currently $821,000. This average is somewhat skewed by the seven houses that sold for over one million dollars. Parkview Hills houses averaged just 31 days on the market and had a list to sale price ratio of $102%. An impressive 15 out of 26 sales went for above asking price.  Panagiotopoulos explains that “Everything sells in Parkview Hills. Bungalows are in demand as they are good starter homes or an option for people wishing to downscale. There is the potential to build later. Ravine properties are extremely desirable as they are situated on larger lots."

It is not surprising that homebuyers are enamored with Parkview Hills and that real estate prices are rising. This neighbourhood is a short commute to downtown Toronto, with convenient access to public transit and commuter highways. The setting is beautiful and the surrounding parkland and trails offer many recreational opportunities. Parkview Hills has an active ratepayers association and a highly regarded community school.

For more updated real estate information in Parkview Hills contact: Effie Panagiotopoulos, Sales Representative. Re/Max Ultimate Realty Inc., Brokerage. Bus:416-487-5131, Direct: 416-347-0337 or visit her website: http://www.effiep.com/ 

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The information shown here is complied from source data obtained from the Toronto Real Estate Board. It is presented here for information purpose only. All data are subject to updates and revisions. The author assumes no responsibility for the accuracy of any information shown.