Lawrence Park Home Sales Statistics for March 2021
Sales Volume Changes*
All homes - up 64% to 82 homes sold
Detached - up 62% to 81 homes sold
Semi-detached - no home sale
Dollar Value Changes*
All homes - up 4.9% to $3,788,041
Detached - up 5.3% to $3,804,683
Semi-detached - no home sale
*MLS 12-month year-over-year changes ending March 31, 2021; Provided by Jethro Seymour
As of April 1, 2021, there are 10 homes available in the Lawrence Park area, ranging in price from $2,646,000 for a semi-detached home on Lawrence Avenue East (59 days on the market) to $10,000,000 for a detached home on Daneswood Road (31 days on the market).
Last month, 15 homes sold in Lawrence Park, including 14 detached homes and a duplex. The average time to sell a home was nine days. The home on St Leonards Avenue sold a day after it was listed, while the longest remained on the market for 46 days. This doesn't include the six homes that have been listed for more than 30 days and the five homes that were listed in the month of March and have yet to sell for its current list price.
Six of the 15 homes sold at or above their initial asking prices. The highest selling Lawrence Park transaction of the month featured a detached 4-bedroom, 7-bathroom home on a 50 x 150-foot lot with a private drive and garage on St Leonards Avenue. It sold for $6,725,000 which was 99% of the asking price. This was followed by another detached home on Weybourne Crescent which sold for $5,600,000 which was 98% of the initial listing 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.
View Home Sales Statistics for February 2021 here.
Lawrence Park Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Duplex||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of April 1, 2021;
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.