Chaplin Estates Annual Home Sales 2018
Last month, three homes sold in Chaplin Estates. All were detached homes. These properties sold in an average of 16 days; one home on Colin Avenue sold five days after it was listed, while the longest lasted 36 days on the market. None of the homes currently listed have been on the market for more than 30 days. This statistics does not include the two homes that were listed in the month of December and are not selling at its current listed price.
As of January 2, 2018, there are two homes available in the Chaplin Estates area, ranging in price from $1,898,000 for a detached home on Chaplin Crescent (29 days on the market) to $2,695,000 for a fourplex home on Avenue Road (14 days on the market).
Sales Volume Changes*
All homes - down 8.7% to 42
Detached - down 7.0% to 40
Semi-detached - unchanged at 2
Dollar Value Changes*
All homes - down 4.7% to $2,258,333
Detached - down 3.6% to $2,308,100
Semi-detached - down 5.6% to $1,263,000
*MLS 12-month year-over-year changes ending December 31, 2018; Provided by Jethro Seymour
2018 brought 42 home sales in Chaplin Estates, down from 46 transactions in 2017. The 2018 sales returned an average of 4.7% less in the way of dollar value, with mean transaction values falling from $2,370,627 to $2,258,333. The value declines affected both detached and semi-detached properties, with detached homes seeing a 3.6% slip to $2,308,100 and semi-detached properties dropping 5.6% to $1,263,000.
Entry into the Chaplin Estates market now requires buyers to spend over $1,400,000 for a semi-detached home and at least $1,500,000 for a detached home. Buyers continue to look for homes in midtown while low inventory persists as a driver of competitive bidding.
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Annual Home Sales 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 January 2, 2018
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Toronto 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 Chaplin Estates, Deer Park, Summerhill and North Toronto.