Moore Park Home Sales Statistics for March 2021
Sales Volume Changes*
All homes - down 15.4% to 44 homes sold
Detached - down 7% to 40 homes sold
Semi-detached - down 66.7% to 2 homes sold
Dollar Value Changes*
All homes - up 15.4% to $3,049,824
Detached - up 16% to $3,170,682
Semi-detached - down 31.9% to $1,422,500
*MLS 12-month year-over-year changes ending March 31, 2021; Provided by Jethro Seymour
As of April 1, 2021, there are three homes available in the Moore Park area, ranging in price from $2,795,000 for a detached home on Glenrose Avenue (3 days on the market) to $4,850,000 for a multiplex on the same street (47 days on the market).
Last month, five homes sold in Moore Park, all were detached homes. The average time to sell a home was four days. The home on Glenrose Avenue sold a day after it was listed, while the longest remained on the market for 7 days. This doesn’t include the single home that has been listed for more than 30 days or the other home that has been listed in the month of March and has yet to sell for its current list price.
All 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, 6-bathroom home on a 50 x 181.16-foot lot with a private drive and garage on Ridge Drive. It sold for $6,137,000 which was 112% of the asking price. This was followed by another detached home on Glenrose Avenue which sold for $5,295,000 which was 100% 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 March 2021
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of April 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.