Lawrence Park Home Sales Statistics for September 2022
Sales Volume Changes*
All homes - down 39.8% to 56 homes sold
Detached - down 41.3% to 54 homes sold
Semi-detached - up 100% to 2 homes sold
Dollar Value Changes*
All homes - up 7.6% to $4,474,214
Detached - up 7.7% to $4,500,481
Semi-detached - up 100% to $3,765,000
*MLS 12-month year-over-year changes ending September 30, 2022; Provided by Jethro Seymour
As of October 3, 2022, there are 15 homes available in the Lawrence Park area, ranging in price from $2,249,999 for a fourplex on Strathgowan Avenue (56 days on the market) to $25,000,000 for a detached home on Stratheden Road (48 days on the market).
Last month, three homes sold in Lawrence Park, including two detached and one semi-detached home. The average time to sell a home was seven days. The home on Blythwood Road sold a day after it was listed, while the longest remained on the market for 12 days. This doesn’t include the four homes that have been listed for more than 30 days or the eleven homes that were listed in the month of September and are not selling at their current prices.
Two of the three homes sold at or above their initial asking prices. Last month’s most valuable home sale was a detached 4-bedroom, 4-bathroom home on a 50 x 150-foot lot with a private drive and detached garage on Rochester Avenue. It sold for $5,700,000, or 98% of the original listing price. This was followed by a detached home on Blythwood Road which sold for $3,680,000 which was 100% of the initial listing price.
Entry into the Lawrence Park market now requires buyers to spend and at least $1,700,000 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|
|Semi -detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of October 3, 2022;
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.