Moore Park Home Sales Statistics for May 2020
Sales Volume Changes*
All homes - down 4.9% to 39 homes sold
Detached - down 21.1% to 30 homes sold
Semi-detached - down 200% to 6 homes sold
Dollar Value Changes*
All homes - down 16.7% to $2,537,202
Detached - down 17.4% to $2,637,663
Semi-detached - up 86.2% to $2,089,500
*MLS 12-month year-over-year changes ending May 31, 2020; Provided by Jethro Seymour
As of June 2, 2020, there are nine homes available in the Moore Park area, ranging in price from $1,985,000 for a detached home on Moore Avenue (1 day on the market) to $5,995,000 for a detached home on Rosedale Heights Drive (1 day on the market).
Last month, three homes sold in Moore Park, all were detached homes. The average time to sell a home was 16 days. The home on Rose Park Drive sold six days after it was listed, while the longest lasted 28 days. This doesn't include the two homes that have been listed for more than 30 days or the five homes that were listed in the month of May and have yet to sell at its current listed price.
Only one of the three homes sold at or above their listed price last month. May’s most valuable home sale was a detached 5-bedroom, 5-bathroom home on a 48 x 205-foot lot with a private drive and garage on Ridge Drive. It sold for $3,805,000, which was 95% of the original listing price. It was followed by another detached home on Rose Park Drive which sold for $3,600,000, or 100% of the asking price.
Entry into the Moore Park market now requires buyers to spend $2,300,000 for a semi-detached and at least $2,100,000
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 Home Sales Statistics for April 2020 here.
Moore Park Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of June 2, 2020
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.