Sales Volume Changes*
All homes - down 29.3% to 65
Detached - down 29.7% to 52
Semi-detached - down 31.3% to 11
Dollar Value Changes*
All homes - up 16.4% to $3,757,102
Detached - up 16.5% to $3,995,282
Semi-detached – up 10.2% to $2,737,909
*MLS 12-month year-over-year changes ending April 30, 2018; Provided by Jethro Seymour
As of May 1st, 2018, there are 21 homes available in the Rosedale (part of C09) area, ranging in price from $1,149,000 for a semi-detached on Edgewood Crescent (0 days on the market) to $19,800,000 for a specular home on Highland Avenue (8 days on the market).
In April, 3 homes sold in Rosedale; all 3 were detached. The average time to sell a home was 28 days. One home on Castle Frank Road sold the day it was listed, while the longest lasted 49 days. This doesn't include the 8 homes that have been listed for more than 30 days or the 12 homes that were listed in the month of April and are not selling at their current listed prices.
Two of the 3 April home sales sold at or above their listed price. The highest-selling home was a detached 5-bedroom, 4-bathroom home on a 70 x 115-foot lot on Castle Frank Road, with a double private drive and garage. It sold for $4,100,000 (100% of the asking price). This was followed by a home on Elm Avenue, which sold for $3,750,000. Both were well-appointed homes.
Entry into the Rosedale market now requires buyers to spend over $1,600,000 dollars. The average sale price over the last 16 months (January 1, 2017 to April 30, 2018) has been $3,764,687, with these homes averaging 2% above their asking prices upon sale. Comparing April 2018 with April 2017, we see that last year was a much busier year, with 13 homes selling last April for an average of 8% above their asking prices.
Low inventory will continue to drive sales through May and into June. All 5 banks recently raised their posted rates, which will have an effect on new entrants into the buying market and will add downward pressure on prices should inventory increase further.
Consider me your Rosedale 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.
Rosedale Sales in April 2018
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of May 1, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Jethro Seymour, one of the Top Rosedale Real Estate Brokers at Royal LePage RES Ltd., Johnston & Daniel Division.
Jethro is 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 Rosedale, Bloor-Yorkville, Summerhill, Casa Loma, Moore Park and Midtown Toronto neighbourhoods.