Lawrence Park Home Sales Statistics for March 2023
Sales Volume Changes*
All homes - down 46.1% to 41 homes sold
Detached - down 50% to 41 homes sold
Semi-detached - up 100% to 2 homes sold
Dollar Value Changes*
All homes - up 4.7% to $4,664,024
Detached - up 7.3% to $4,778,816
Semi-detached - up 100% to $3,765,000
*MLS 12-month year-over-year changes ending March 31, 2023; Provided by Jethro Seymour
As of April 5, 2023, there are seven homes available in the Lawrence Park area, ranging in price from $2,688,000 for a detached home on Lawrence East Avenue (27 days on the market) to $11,350,000 for a detached home on Dawlish Avenue (65 days on the market).
This includes the four homes that have been listed for more than 30 days and the four homes that were listed in the month of March and has yet to sell for their current list price.
In Lawrence Park last month, a total of four homes were sold, all of which were detached properties. Two of the homes that were sold had four bedrooms, and they sold for an average price of $5,754,000, which was 96% of their asking price. These homes were on the market for an average of thirty-nine days. Two of the other homes that were sold had five bedrooms, for an average price of $5,910,000, which is also 96% of its asking price. These homes were on the market for an average of twenty-six days.
Entry into the Lawrence Park market now requires buyers to spend at least $3,300,000 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.
View February Home Sales 2023 here.
Source: TREB MLS Sales Data as of March 31, 2023;
Statistics Provided by Jethro Seymour, Broker of Record
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.