Sales Volume Changes*
All homes - down 47.6% to 43
Detached - down 48.8% to 42
Semi-detached - from 0 to 1
Dollar Value Changes*
All homes - down 5.9% to $3,546,321
Detached - down 4.7% to $3,592,781
Semi-detached - from 0 sale to $1,595,000
*MLS 12-month year-over-year changes ending July 31, 2018; Provided by Jethro Seymour
As of August 3rd, 2018, there are 5 homes available in the Lawrence Park area, ranging in price from $1,699,000 for a detached home on Lawrence Avenue East (25 days on the market) to $8,895,000 for a detached home on Blyth Hill Road (95 days on the market).
Last month, 3 homes sold in Lawrence Park, and all were detached. The average time to sell a home was 46 days. One home sold 28 days after it was listed while the longest-lasting property sold 55 days after being listed. These figures don’t include the 3 homes that have been listed for more than 30 days, or the 2 homes that were listed in the month of July and are not selling at their current listed prices.
None of the 3 July home sales sold at or above their listed price. The highest selling home was a detached 3-bedroom, 5-bathroom home on a 60 x 133.95-foot lot on Sunnydene Crescent, with a private drive and garage. It sold for $2,800,000 (93% of the asking price) and was followed by a home on Blythwood Road which sold for $2,375,000. Both were amazing homes.
Entry into the Lawrence Park market now requires buyers to spend over $1,900,000 dollars. Buyers continue to look for homes in midtown while low inventory still continues to drive bidding on homes.
Consider me your Lawrence Park neighbourhood real estate expert and resource. When it is time to move, I am here to help with insightful strategies, expert negotiation skills and results-focused marketing plans.
July Sales in Lawrence Park
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of August 3, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Rosedale Home Sales Statistics for July 2018 from Jethro Seymour, Top midtown Toronto Real...
Jethro Seymour is one of the Top Lawrence Park Real Estate Brokers and a midtown Toronto residential specialist with over 20 years of sales experience in real estate, marketing, construction and publishing. He has helped many families find homes in Toronto’s great neighbourhoods, and has extensive knowledge of local markets, new home construction, resale home sales, and the condo market. Living in midtown Toronto, Jethro previews many of the homes that come to market for his clients and inventory knowledge. Jethro specializes in Lawrence Park, Sherwood Park, Midtown Toronto neighbourhoods.