Moore Park Home Sales Statistics for October 2022
Sales Volume Changes*
All homes - down 30.2% to 30 homes sold
Detached - down 29.7% to 26 homes sold
Semi-detached - down 25% to 3 homes sold
Dollar Value Changes*
All homes - up 7.5% to $3,431,923
Detached - up 7.6% to $3,570,257
Semi-detached - down 0.8% to $2,160,333
*MLS 12-month year-over-year changes ending October 31, 2022; Provided by Jethro Seymour
As of November 3, 2022, there are seven homes available in the Moore Park area, ranging in price from $2,595,000 for a relisted detached home on Heath Street East (40 days on the market) to $7,800,000 for a detached home on Harper Avenue (1 day on the market).
Last month, five homes sold in Moore Park including four detached and one semi detached home. The average time to sell a home was 13 days. The home on Welland Avenue sold a day after it was listed, while the longest remained on the market for 30 days. This doesn’t include the two homes that have been listed for more than 30 days or the four homes that were listed in the month of October and are not selling at their current prices.
One of the five homes sold at or above their initial asking prices. Last month’s most valuable home sale was a detached 3-bedroom, 5-bathroom home on a 50 x 143.5-foot lot with a private drive on Welland Avenue. It sold for $4,050,000, or 101% of the original listing price. This was followed by a detached home on Glenrose Avenue which sold for $3,850,000 which was 96% of the initial listing price.
Entry into the Moore Park market now requires buyers to spend at least $2,200,000 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 September 2022 here..
Moore Park Sales
in October 2022
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Semi-detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of November 3, 2022;
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.