Sales Volume Changes*
All homes - up 2.4% to 43
Detached - up 2.9% to 36
Semi-detached - no change at 5
Dollar Value Changes*
All homes - down 2.5% to $2,505,531
Detached - up 0.1% to $2,677,189
Semi-detached - no change at $1,568,800
*MLS 12-month year-over-year changes ending May 31, 2018; Provided by Jethro Seymour
As of June 4th, 2018, there are 6 homes available in the Moore Park (part of C09) area, ranging in price from $1,299,000 (10 days on the market) for a duplex on Summerhill Avenue to $5,360,000 (30 days on the market) for a detached home on Glenrose Avenue.
In May, 5 homes sold in Moore Park, 3 of those were detached. The average time to sell a home was 7 days; one home on Harper Avenue was sold 6 days after it was listed while the longest lasted 10 days. This doesn't include the 2 homes that have been listed for more than 30 days or the 4 homes that were listed in the month of May and are not selling at their current listed prices.
Three of the 5 May home sales sold above their listed price. The highest selling home was a detached 5-bedroom, 4-bathroom home on a 50 x 191-foot lot on Rosedale Heights Drive, with a private drive. It sold for $4,400,000 or 98% of the asking price and was followed by a home in on Harper Avenue which sold for $3,020,000. Both were magnificent homes.
Entry into the Moore Park market now requires buyers to spend over $1,400,000 dollars. The average sale price over the last 17 months (January 1, 2017 to May 31, 2018) has been $2,613,094 and those homes averaged 5% above their asking prices. 2017 was a much busier year, 9 homes sold last May averaging 6% 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 Moore 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.
May Sales in Moore Park
|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|
|Duplex||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of June 4, 2018
Statistics Provided by Jethro Seymour, Broker & MCNE
Rosedale Home Sales Statistics for May 2018 from Jethro Seymour, Top midtown Toronto Realt...
Jethro Seymour, one of the Top Davisville Village 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 Moore Park, Davisville Village, Leaside and Midtown Toronto neighbourhoods.