Rosedale Home Sales Statistics for July 2018

Sales Volume Changes*
All homes - down 28% to 59
Detached - down 36.8% to 43
Semi-detached - up 25% to 15

Dollar Value Changes*
All homes - up 2.8% to $3,719,792
Detached - up 5.5% to $4,050,622
Semi-detached - up 7.7% to $2,798,400

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

As of August 3rd, 2018, there are 11 homes available in the Rosedale  (part of C09) area, ranging in price from $1,995,000 for a detached home on Standish Avenue (18 days on the market) to $18,800,000 for a detached home on Park Road (156 days on the market).

Last month,  only 2 homes sold in Rosedale; both were detached. The average time to sell a home was 30 days. One home sold 6 days after it was listed,  while the other one lasted 53 days.  This doesn't include the 5 homes that have been listed for more than 30 days or the 6 homes that were listed in the month of July and are not selling at their current listed prices.

Only one of the 2 July home sales sold at or above their listed price. The highest-selling home was a detached  3-bedroom,   6-bathroom home on a 50 x 126-foot lot on May Street,  with a  private drive and garage. It sold for $6,500,000 (93% of the asking price). The other home is on Glen Road, which sold for $2,710,000. Both were amazing homes.

Entry into the  Rosedale market now requires buyers to spend over $2,300,000 for a semi-detached home and at least $2,100,000 for a detached home. Buyers continue to look for homes in midtown while low inventory still continues 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.

View home sales statistics for June 2018 here.

Rosedale Sales in July 2018

Source: TREB MLS Sales Data as of  August 3, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE

Jethro Seymour is one of the Top Rosedale 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 Rosedale, Bloor-Yorkville, Summerhill, Casa Loma, Moore Park and Midtown Toronto neighbourhoods.