Lawrence Park Annual Home Sales 2021
Sales Volume Changes*
All homes - up 29.4% to 88 homes sold
Detached - up 27.9% to 87 homes sold
Semi-detached - no home sale
Dollar Value Changes*
All homes - up 17.1% to $4,320,348
Detached - up 17.7% to $4,341,961
Semi-detached - no home sale
*MLS 12-month year-over-year changes ending December 31, 2021; Provided by Jethro Seymour
The 2021 calendar year saw 88 home sales in Lawrence Park, up 29.4% from the 2020 total of 68 transactions. The 2021 sales included 87 detached homes, which attracted average sale prices of $4,341,961. This marked a 17.7% increase compared to the 68 detached homes that sold for an average of $3,688,669 in 2020. Is 2022 the time to buy or sell?
Last year’s most expensive home sale was a 4-bedroom, 8-bathroom detached home on a 80 x 160-foot lot with a private drive and garage on Glengowan Road, which sold for $14,590,000 (99% of the asking price). The least expensive home sold in Lawrence Park last year was a detached home on Blythwood Road which sold for $1,750,000 (97% of the asking price).
Entry into the Lawrence Park market now requires buyers to spend and at least $2,100,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
Consider us 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.
Lawrence Park Sales
2021 Annual Home Sales
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of December 31, 2021;
Statistics Provided by Jethro Seymour, Broker of Record
As of December 31, 2021, there are six homes available in the Lawrence Park area, ranging in price from $2,995,000 for a detached home on Dinnick Crescent (52 days on the market) to $26,900,000 for a detached home on Stratheden Road (107 days on the market).
Last month, three homes sold in Lawrence Park, all were detached homes. The average time to sell a home was 32 days. The home on Rochester Avenue sold six days after it was listed, while the longest remained on the market for 82 days. This doesn't include the five homes that have been listed for more than 30 days and the only home that was listed in the month of December and has yet to sell for its current list price.
All three homes sold at or above their initial asking prices. The highest selling Lawrence Park transaction of the month featured a detached 5-bedroom, 5-bathroom home on a 50 x 150-foot lot with a private drive and garage on Rochester Avenue. It sold for $5,960,000 which was 100% of the asking price. This was followed by another detached home on Sunnydene Crescent which sold for $4,300,000 which was 108% of the initial listing price.
View Home Sales Statistics for November 2021 here..
Jethro Seymour is one of the Top Lawrence Park 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 Lawrence Park, Sherwood Park, Midtown Toronto neighbourhoods.