Sales Volume Changes*
All homes - down 35.2% to 59
Detached - down 41.7% to 42
Semi-detached - down 16.7% to 15
Dollar Value Changes*
All homes - up 9.1% to $3,683,657
Detached - up 12.2% to $4,024,280
Semi-detached - up 5.9% to $2,798,400
*MLS 12-month year-over-year changes ending May 31, 2018; Provided by Jethro Seymour
As of June 4th, 2018, there are 18 homes available in the Rosedale (part of C09) area, ranging in price from $1,299,000 for a duplex on Summerhill Avenue (7 days on the market) to $19,800,000 for a specular home on Highland Avenue (42 days on the market).
In May, 12 homes sold in Rosedale; 5 of those were detached. The average time to sell a home was 24 days. One home on Pricefield Road sold a day after it was listed, while the longest lasted 93 days. This doesn't include the 10 homes that have been listed for more than 30 days or the 8 homes that were listed in the month of May and are not selling at their current listed prices.
Eight of the 12 April home sales sold at or above their listed price. The highest-selling home was a detached 5-bedroom, 6-bathroom home on a 51 x 171-foot lot on Whitney Avenue, with a triple private drive. It sold for $4,901,000 (100% of the asking price). This was followed by a home on Douglas Drive, which sold for $4,800,000. Both were fantastic homes.
Entry into the Rosedale market now requires buyers to spend over $1,800,000 dollars. The average sale price over the last 17 months (January 1, 2017 to May 31, 2018) has been $3,703,855, with these homes averaging 3% above their asking prices upon sale. Comparing May 2018 with May 2017, we see that last year was a much busier year, with 19 homes selling last May for an average of 6% above their asking prices.
Buyers continue to look for homes in midtown while low inventory will continue to drive bidding on homes.
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 May 2018
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Semi-detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of June 4, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Moore Park Home Sales Statistics for May 2018 from Jethro Seymour, Top midtown Toronto Rea...
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.