Moore Park Home Sales Statistics for May 2023
Sales Volume Changes*
All homes - down 2.5% to 39 homes sold
Detached - down 8.3% to 33 homes sold
Semi-detached - up 50% to 3 homes sold
Dollar Value Changes*
All homes - down to 7.3% to $3,161,893
Detached - down to 2.2% to $3,343,600
Semi-detached - down 42.2% to $1,576,667
*MLS 12-month year-over-year changes ending May 31, 2023; Provided by Jethro Seymour
As of June 1, 2023, there are only seven homes available in the Moore Park area, ranging in price from $1,899,900 for a detached home in Rose Park Drive (9 days on the market) to $7,199,000 for a detached home in Harper Avenue (8 days on the market).
Last month, ten homes were sold in Moore Park, 9 were detached homes, and 1 Triplex. Five of them were sold above their initial asking prices. Last month's most valuable home sale was a detached 5-bedroom, 6-bathroom home located on Welland Avenue. It sits on a 40.4 x 120.89-foot lot and features a private driveway and a 1-car detached garage. It sold for $4,995,000, or 100% of the original listing price. This was followed by a detached on Hudson Drive which sold for $3,555,000 or 96% of the initial listing price.
Entry into the Moore Park market now requires buyers to spend at least $2,050,000 for a detached home and $1,350,000 for a semi-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.
Moore Park Sales
in May 2023
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of May 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.