Sales Volume Changes*
All homes – down 12% to 44
Detached - down 11.1% to 40
Semi-detached – down 50% to 3
Dollar Value Changes*
All homes - up 6.4% to $2,333,839
Detached - up 7.1% to $2,407,623
Semi-detached - up 3.4% to $1,288,000
*MLS 12-month year-over-year changes ending April 30, 2018; Provided by Jethro Seymour
As of May 1st, 2018, there are 8 homes available in the Chaplin Estates area, ranging in price from $1,290,000 for a detached home on Eastbourne Avenue (4 days on the market) to $3,195,000 for a detached home on Highbourne Road (1 day on the market).
In April, 6 homes sold in Chaplin Estates, with 5 of those homes being detached. The average time to sell a home was 7 days; one home on Eastbourne Avenue was sold 2 days after it was listed, while the longest lasted 14 days. This doesn't include the 7 homes that were listed in the month of April and are not selling at their current listed prices.
Five of the 6 April home sales sold above their listed price. The highest-selling home was a detached 4-bedroom, 4-bathroom home on a 40 x 120-foot lot on Chaplin Crescent, with a double private drive and garage. It sold for $3,901,000 (95% of the asking price). This was followed by a home on Imperial Street, which sold for $3,319,000. Both were elegant and well-maintained homes.
Entry into the Chaplin Estates market now requires buyers to spend over $1,300,000 dollars. The average sale price over the last 16 months (January 1, 2017, to April 30, 2018) has been $2,359,647, with home sales averaging 7% above their initial asking prices. Comparing April 2018 to April 2017, we see that last April was much busier; 7 homes sold in April 2017, averaging 13% 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 Chaplin Estates 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.
Chaplin Estates Sales in April 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 May 1, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Jethro Seymour is one of the Top Toronto Real Estate Brokers at Royal LePage RES Ltd., Johnston & Daniel Division. Jethro Seymour 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 Chaplin Estates, Deer Park, Summerhill and North Toronto.