Homes in Bedford Park
Bedford Park has a good mix of detached and semi-detached homes. The original housing stock was built between 1890 and 1940. However, many of the bungalows in the neighbourhood have recently been torn down and replaced with custom designed houses.
Bedford Park Real Estate Update 2017
It has been a wild 2017 in Bedford Park as far as real estate goes. And it started with a bang with prices rising as much as 30% before the Ontario governments Fair Housing Plan legislation was introduced in the spring. These new measures restored some order to the over heated market which gave back about 20% points; this left Bedford Park real estate up approx 10% on the year.
As of the end of October there were 117 sales recorded in Bedford Park in 2017. The average sold price was $1,684,000 pushing Bedford Park into the upper tier of Toronto neighbourhoods. There were twenty-six sales over $2 million. These multi-million dollar sales were mostly new build custom homes which now proliferate in this neighbourhood. Competition for homes in Bedford Park is fuelled by high-income earners with jobs in downtown Toronto.
There were approximately eighty-five detached home sales and thirty-two semi-detached home sales this year in Bedford Park. Bedford Park houses sold on average in 12 days and for 98 % of asking price. Semi-detached homes range from $1.2-$2.Million and detached homes from $1.6-$3 million. This prime uptown location is centre court so expect prices to continue to appreciate in 2018.
Buying or Selling: Bedford Park neighbourhood real estate update courtesy of David Dunkelman, Broker, Royal Lepage Signature Realty, 416-443-0300 or cell 416-726-6574. Email: email@example.com. Website: www.realestatewithdavid.com
Bedford Park Neighbourhood Toronto Real Estate Update 2015
This year the average Bedford Park home is selling in just 12 days. The average list to sale price ratio so far this year is a remarkable 107%. "These stats are not surprising" says David Dunkelman, Broker, Royal Lepage Signature Realty who has been selling homes in this neighbourhood for over 20 years. "Bedford Park homes are always in demand as this neighbourhood is known for its great schools, amenities, and access to public transit".
In 2015 new builds in Bedford Park have statrted to crack the $2-million mark. There have been six sales so far in excess of $2-million. "the bar has certainly been raised" comments Dunkelman who adds that it is important to check the credentials of the builder before buying. Dunkelman expects a busy fall market as "there are a large pool of buyers actively looking for homes in this neighbourhood and with the exception of new homes under construction the amount of buyers always seems to outpace available listings which has kept prices moving upward". A trend Dunkelman sees continuing for the foreseeable future.