Lawrence Park Home Sales Statistics for May 2020
Sales Volume Changes*
All homes - down 2.4% to 40 homes sold
Detached - up 2.6% to 40 homes sold
Semi-detached - down 100% to 0 home sale
Dollar Value Changes*
All homes - up 15.3% to $3,648,146
Detached - up 12% to $3,648,146
Semi-detached - no home sale
*MLS 12-month year-over-year changes ending May 31, 2020; Provided by Jethro Seymour
As of June 2, 2020, there are 19 homes available in the Lawrence Park area, ranging in price from $2,375,000 for a detached home on Lawrence Avenue East (76 days on the market) to $10,500,000 for a detached home on Daneswood Road (138 days on the market).
Last month, two homes sold in Lawrence Park, both were detached homes. The average time to sell a home was 14 days. The home on Lawrence Avenue East sold after being listed on the market for four days, while the longest remained on the market for 24 days. This doesn't include the eight homes that have been listed for more than 30 days or the 11 homes that were listed in the month of May and are not selling at their current listed prices.
None of the May home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 3-bedroom, 4-bathroom home on a 50 x 139.07-foot lot with a private drive and garage on Lawrence Avenue East. It sold for $1,965,000, which was 98% of the original listing price. The other home on Blythwood Road sold for $1,800,000 or 87% of the asking price.
Entry into the Lawrence Park market now requires buyers to spend and at least $1,800,000 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.
Lawrence Park Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of June 2, 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.