Moore Park Home Sales Statistics for March 2023
Sales Volume Changes*
All homes - down 5.0% to 38 homes sold
Detached - down 5.9% to 32 homes sold
Semi-detached - up 33.3% to 4 homes sold
Dollar Value Changes*
All homes - no change from last year to $3,212,400
Detached - up 2.9% to $3,391,100
Semi-detached - down 16.9% to $1,957,750
*MLS 12-month year-over-year changes ending March 31, 2023; Provided by Jethro Seymour
As of April 5, 2023, there are only two homes available in the Moore Park area, ranging in price from $3,780,000 for a detached home in Inglewood Drive (16 days on the market) to $3,890,000 for a detached home in Glenrose Avenue (52 days on the market).
Last month, only four homes were sold in Moore Park, all were detached homes. Two of the sold homes were 3-bedroom homes with an average selling price of $2,950,000, which is 109% of their initial asking price, and had an average of 7 days in the market. The other two sold detached homes were 4-bedroom homes with an average sold price of $3,237,500 or 103% of their asking price and an average of 8 days in the market.
Two homes were above their initial asking prices. Last month’s most valuable home sale was a detached 3-bedroom, 3-bathroom home on a 43.5 x 243-foot lot with a private driveway and 1 built-in garage on Hudson Drive. It sold for $3,800,000, or 119% of the original listing price. This was followed by a detached on Ridge Drive which sold for $3,605,000 or 109% of the initial listing price.
Entry into the Moore Park market now requires buyers to spend at least $2,150,000 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 Moore 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 February Home Sales 2023 here..
Moore Park Sales
in March 2023
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of March 31, 2023;
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Davisville Village 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 Moore Park, Davisville Village, Leaside and Midtown Toronto neighbourhoods.