Lawrence Park Home Sales Statistics for October 2020
Sales Volume Changes*
All homes - up 56.4% to 61 homes sold
Detached - up 64.9% to 61 homes sold
Semi-detached - no home sale
Dollar Value Changes*
All homes - up 19% to $3,858,898
Detached - up 15.4% to $3,858,898
Semi-detached - no home sale
*MLS 12-month year-over-year changes ending October 31, 2020; Provided by Jethro Seymour
As of November 2, 2020, there are 27 homes available in the Lawrence Park area, ranging in price from $1,998,000 for a detached home on Mount Pleasant Road (40 days on the market) to $10,000,000 for another detached home on Daneswood Road (28 days on the market).
Last month, eight homes sold in Lawrence Park, all were detached homes. The average time to sell a home was 10 days. The home on St Leonard's Avenue sold two days after it was listed, while the longest remained on the market for 21 days. This doesn't include the 11 homes that have been listed for more than 30 days or the 17 homes that were listed in the month of October and are not selling at their current listed prices.
Four of the eight homes sold at or above their listed price. Last month’s most valuable home sale was a detached 4-bedroom, 7-bathroom home on a 50 x 164-foot lot with a private drive and garage on Cheltenham Avenue. It sold for $7,100,000, which was 102% of the original listing price. It was followed by a detached home on Strathgowan Crescent which sold for $5,125,000 or 93% of the asking price.
Entry into the Lawrence Park market now requires buyers to spend and at least $1,800,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
Consider us 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 September 2020 here.
Lawrence Park Sales in
October 2020
| Detached | No. of Sold | Avg. Price | % of List Price | Days on Market |
| 3 Bedroom | 1 | $2,022,000 | 96 | 21 |
| 4 Bedroom | 7 | $4,393,714 | 102 | 8 |
Source: TREB MLS Sales Data as of November 2, 2020
Statistics Provided by Jethro Seymour, Broker of Record
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.