Chaplin Estates Sales Statistics for May 2018
Sales Volume Changes*
All homes - down 22.6% to 41
Detached - down 19.1% to 38
Semi-detached - down 50% to 3
Dollar Value Changes*
All homes - up 3.2% to $2,319,705
Detached - up 4.4% to $2,401,155
Semi-detached - up 3.4% to $1,288,000
*MLS 12-month year-over-year changes ending May 31, 2018; Provided by Jethro Seymour
As of June 4th, 2018, there are 5 homes available in the Chaplin Estates area, ranging in price from $1,585,000 for a detached home on Braemar Avenue (62 days on the market) to $3,950,000 for a detached home on Elmsthorpe Avenue (34 days on the market).
In May, 7 homes sold in Chaplin Estates; All of those homes being detached. The average time to sell a home was 12 days; one home on Hillsdale Avenue was sold 3 days after it was listed, while the longest lasted 29 days. This doesn't include the 3 homes that were listed in the month of May and are not selling at their current listed prices.
Five of the 7 April home sales sold at or above their listed price. The highest-selling home was a detached 5-bedroom, 5-bathroom home on a 43 x 125-foot lot on Highbourne Road, with a private drive and garage. It sold for $2,875,000 (96% of the asking price). This was followed by a home on Chaplin Crescent, which sold for $2,425,000. Both were magnificent and well-maintained homes.
Entry into the Chaplin Estates 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 $2,348,326, with home sales averaging 7% above their initial asking prices. Comparing May 2018 to May 2017, we see that last year was a much busier year with10 homes sold in May 2017, averaging 10% 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 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 May 2018
|Detached||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
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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.