Lawrence Park Home Sales Statistics for August 2019
Sales Volume Changes*
All homes - down 2.4% to 41
Detached - down 4.9% to 39
Semi-detached - no change at 1
Dollar Value Changes*
All homes - down 11.9% to $3,123,789
Detached - down 10.6% to $3,213,086
Semi-detached - down 25.7% to $1,185,000
*MLS 12-month year-over-year changes ending August 31, 2019; Provided by Jethro Seymour
As of September 4, 2019, there are 18 homes available in the Lawrence Park area, ranging in price from $1,998,000 for a detached home on Blythwood Road (63 days on the market) to $10,500,000 for a detached home on Daneswood Road (58 days on the market).
Last month, three homes sold in Lawrence Park, all were detached homes. The average time to sell a home was 21 days. The home on Bayview Wood sold 4 days after it was listed, while the longest remained on the market for 53 days. This doesn't include the 12 homes that have been listed for more than 30 days or the two homes that were listed in the month of August and are not selling at their current listed prices.
None of the August home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 3-bedroom, 3-bathroom home on a 64 x 110-foot lot with a private drive and garage on Stratford Crescent. It sold for $2,750,000, or 96% of the original listing price. It was followed by a detached home on Bayview Wood which sold for $2,100,000 or 84% of the asking price.
Entry into the Lawrence Park market now requires buyers to spend $1,200,000 for a semi-detached home and at least $1,900,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
Consider me 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 home sales statistics for July 2019 here.
Lawrence Park Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of September 4, 2019
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.