Sales Volume Changes*
All homes - down 53.5% to 40
Detached - down 54.7% to 39
Semi-detached - from 0 to 1
Dollar Value Changes*
All homes - down 3.3% to $3,631,670
Detached - down 2% to $3,683,892
Semi-detached - from 0 sale to $1,595,000
*MLS 12-month year-over-year changes ending June 30, 2018; Provided by Jethro Seymour
As of July 4th, 2018, there are 12 homes available in the Lawrence Park area, ranging in price from $1,795,000 for a detached home on Lawrence Avenue East (20 days on the market) to $8,895,000 for a detached home on Blyth Hill Road (65 days on the market).
In June, 5 homes sold in Lawrence Park, and all were detached. The average time to sell a home was 26 days. One home sold 8 days after it was listed while the longest-lasting property sold 73 days after being listed. These figures don’t include the 6 homes that have been listed for more than 30 days, or the 6 homes that were listed in the month of June and are not selling at their current listed prices.
Two of the 5 June home sales sold at or above their listed price. The highest selling home was a detached 4-bedroom, 7-bathroom home on a 50 x 150-foot lot on Dawlish Avenue, with an available drive and garage. It sold for $6,350,000 (100% of the asking price) and was followed by a home on St. Leonards Avenue which sold for $5,468,000. Both were magnificent homes.
Entry into the Lawrence Park market now requires buyers to spend over $1,800,000 dollars. Buyers continue to look for homes in midtown while low inventory still continues 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.
June Sales in Lawrence Park
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of July 4, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Rosedale Home Sales Statistics for June 2018 from Jethro Seymour, Top midtown Toronto Real...
Jethro Seymour, one of the Top Lawrence 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.