Chaplin Estates Home Sales Statistics for March 2020
Sales Volume Changes*
All homes - down 24.4% at 34 homes sold
Detached - down 39.5% to 26 homes sold
Semi-detached - up 400% to 5 homes sold
Dollar Value Changes*
All homes - up 1.1% to $2,248,667
Detached - up 8.1% to $2,421,374
Semi-detached - down 3.9% to $1,345,378
*MLS 12-month year-over-year changes ending March 31, 2020; Provided by Jethro Seymour
As of April 8, 2020, there are four homes available in the Chaplin Estates area, ranging in price from $2,850,000 for a detached home on Warren Road (17 days on the market) to $3,998,000 for another detached home on the same street (73 days on the market).
Last month, Chaplin Estates properties sold at an average of one day after listing. Both homes on Maxwell Avenue West and Duplex Avenue remained on the market for only a day. This doesn’t include the two homes that have been listed for more than 30 days or the other two homes that were listed in the month of March and have yet to sell at their current prices.
Two homes sold in Chaplin Estates last month. Both homes sold above their initial asking prices. Last month’s most valuable sale involved a detached 3-bedroom, 2-bathroom home on a 30 x 100-foot lot, with a mutual drive and garage on Maxwell Avenue. It sold for $1,900,500 which was 103% of the initial asking price. The other home on Duplex Avenue sold for $1,550,000 which was 107% of the initial listing price.
Entry into the Chaplin Estates market now requires buyers to spend at least $1,900,000 for a detached home. Buyers continue to look for homes in midtown while low inventory persists as a driver of competitive bidding.
"All of the COVID-19 related issues and measures have translated into a temporary drop in the number of transactions – a drop that will persist until we experience a meaningful and sustained decline in the number of cases. However, once recovery begins, it will likely accelerate in earnest as buyers seek to satisfy pent-up demand that will build up over the course of the spring and at least part of the summer." – Michael Collins, 2019/2020 Toronto Regional Real Estate Board President
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Chaplin Estates Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of April 8, 2020
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.