Lawrence Park Home Sales Statistics for May 2023
Sales Volume Changes*
All homes - down 48% to 39 homes sold
Detached - down 51.4% to 36 homes sold
Semi-detached - no change to 1 homes sold
Dollar Value Changes*
All homes - up 6% to $4,746,770
Detached - up 10.3% to $4,949,973
Semi-detached - down 9.6 % to $3,575,000
*MLS 12-month year-over-year changes ending May 31, 2023; Provided by Jethro Seymour
As of June 1, 2023, there are sixteen homes available in the Lawrence Park area, ranging in price from $999,000 for a duplex home on Strathgowan Avenue (9 days on the market) to $14,680,000 for a detached home on Lewes Crescent (23 days on the market).
This includes the three homes that have been listed for more than 30 days and the ten homes that were listed in the month of May and has yet to sell for their current list price.
In Lawrence Park last month, a total of nine homes were sold, 8 of which were detached properties and a duplex. Six of the homes that were sold had four bedrooms, and they sold for an average price of $5,220,003, which was 98% of their asking price. These homes were on the market for an average of 28 days. Two of the other homes that were sold had two bedrooms and sold for an average price of $4,225,500, which is 102% of its asking price, and was 7 days on the market.
Entry into the Lawrence Park market now requires buyers to spend at least $3,010,000 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.
Source: TREB MLS Sales Data as of May 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.