Lawrence Park Home Sales Statistics for March 2020
Sales Volume Changes*
All homes - up 42.9% to 50 homes sold
Detached - up 47.1% to 50 homes sold
Semi-detached - no change, no home sale
Dollar Value Changes*
All homes - up 6.2% to $3,611,897
Detached - up 4.5% to $3,611,897
Semi-detached - no change, no home sale
*MLS 12-month year-over-year changes ending March 31, 2020; Provided by Jethro Seymour
As of April 8, 2020, there are 15 homes available in the Lawrence Park area, ranging in price from $1,799,000 for a detached home on Blythwood Road (17 days on the market) to $10,500,000 for a detached home on Daneswood Road (84 days on the market).
Last month, three homes sold in Lawrence Park, all were detached homes. The average time to sell a home was five days. The home on Wanless Crescent sold a day after it was listed, while the longest remained on the market for nine days. This doesn't include the 13 homes that have been listed for more than 30 days or the six homes that were listed in the month of March and are not selling at their current listed prices.
Only one of the March home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 5-bedroom, 5-bathroom home on a 50 x 150-foot lot with a private drive and garage on Wanless Crescent. It sold for $3,565,000, which was 99% of the original listing price. It was followed by a detached home on Rochester Avenue which sold for $3,330,000 or 111% of the asking price.
Entry into the Lawrence Park market now requires buyers to spend and at least $2,200,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main 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
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 Home Sales Statistics for February 2020 here.
Lawrence Park Sales in
March 2020
| Detached | No. of Sold | Avg. Price | % of List Price | Days on Market |
| 3 Bedroom | 1 | $3,050,000 | 99 | 1 |
| 5 Bedroom | 2 | $3,447,500 | 105 | 7 |
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 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.