Moore Park Home Sales Statistics for February 2021
Sales Volume Changes*
All homes - down 17.6% to 42 homes sold
Detached - down 9.5% to 38 homes sold
Semi-detached - down 66.7% to 2 homes sold
Dollar Value Changes*
All homes - up 7.9% to $2,922,030
Detached - up 7.8% to $3,035,797
Semi-detached - down 31.9% to $1,422,500
*MLS 12-month year-over-year changes ending February 28, 2021; Provided by Jethro Seymour
As of March 1, 2021, there are two homes available in the Moore Park area, ranging in price from $2,795,000 for a detached home on Kingsmere Road (just listed) to $4,850,000 for a multiplex on Glenrose Avenue (16 days on the market).
Last month, three homes sold in Moore Park, all were detached homes. The average time to sell a home was seven days. The home on Rosedale Heights Drive sold four days after it was listed, while the longest remained on the market for 13 days. This doesn't include the single home that has been listed in the month of February and has yet to sell for its current list price.
None of the homes sold at or above their initial asking prices. The highest selling Moore Park transaction of the month featured a detached 5-bedroom, 5-bathroom home on a 40 x 210-foot lot with a private drive and garage on Rosedale Heights Drive. It sold for $5,526,000 which was 96% of the asking price. This was followed by another detached home on Inglewood Drive which sold for $5,200,000 which was 98% of the initial listing price.
Entry into the Moore Park market now requires buyers to spend at least $2,700,000 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 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 February 2021
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of March 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.