Lawrence Park Sales Statistics for May 2018

Sales Volume Changes*
All homes - down 54.4% to 41
Detached - down 55.6% to 40
Semi-detached - from 0 to 1

Dollar Value Changes*
All homes - up 0.6% to $3,688,141
Detached - up 2% to $3,740,470
Semi-detached - from 0 sale to $1,595,000

*MLS 12-month year-over-year changes ending May 31, 2018; Provided by Jethro Seymour 

As of June 4th, 2018, there are 12 homes available in the Lawrence Park area, ranging in price from $1,876,000 for a detached home on Lawrence  Avenue East (21 days on the market) to $8,895,000 for a detached home on  Blyth Hill Road (35 days on the market).

In May, 6 homes sold in  Lawrence Park, and all 6 were detached. The average time to sell a home was 15 days, with the fastest home sale being a 152 Strathgowan Avenue property, which sold two days after it was listed. The longest-lasting property sold 37 days after being listed. These figures don’t include the 7 homes that have been listed for more than 30 days, or the 5 homes that were listed in the month of May and are not selling at their current listed prices.

Four of the 6 May home sales sold at or above their listed price. The highest selling home was a  detached 4-bedroom, 6-bathroom home on a 50 x  150-foot lot on Rochester Avenue, with a double private drive and garage. It sold for $5,425,000 (94% of the asking price) and was followed by a home on St. Ives Crescent which sold for $4,195,000. Both were magnificent homes.

Entry into the  Lawrence Park 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 $3,806,640, and those homes averaged 3%  above their asking prices. Comparing May 2018 to May 2017, we see that last year was far busier, with 10 homes selling for an average of 1% 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 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.

View home sales statistics for April 2018 here.

May Sales in Lawrence Park

Source: TREB MLS Sales Data as of June 4, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE

Jethro Seymour, one of the Top Lawerance Park 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 Lawrence Park, Sherwood Park, Midtown Toronto neighbourhoods.