Moore Park Home Sales Statistics for October 2021
Sales Volume Changes*
All homes - down 8.5% to 43 homes sold
Detached - down 2.6% to 37 homes sold
Semi-detached - down 20% to 4 homes sold
Dollar Value Changes*
All homes - up 19.6% to $3,192,096
Detached - up 18% to $3,319,463
Semi-detached - up 20.8% to $2,178,750
*MLS 12-month year-over-year changes ending October 31, 2021; Provided by Jethro Seymour
As of November 1, 2021, there are two homes available in the Moore Park area, ranging in price from $2,849,000 for a detached home on Mount Pleasant Road (40 days on the market) to $4,680,000 for a multiplex on St Clair Avenue East (68 days on the market).
Last month, seven homes sold in Moore Park, including six detached homes and a duplex. The average time to sell a home was eight days. The home on Garfield Avenue sold a day after it was listed, while the other home remained on the market for 18 days. All homes currently available have been listed for more than 30 days.
Five of the seven October home sales sold at or above their initial asking prices. The highest selling Moore Park transaction of the month featured a detached 6-bedroom, 5-bathroom home on a 50 x 125-foot lot with a private drive on Garfield Avenue. It sold for $6,300,000 which was 105% of the asking price. This was followed by another detached home on Inglewood Drive which sold for $4,300,000 which was 96% of the initial listing price.
Entry into the Moore Park market now requires buyers to spend 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.
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Moore Park Sales
in October 2021
|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 November 1, 2021
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.