Rosedale Home Sales Statistics for August 2022
Sales Volume Changes*
All homes - down 21.1% at 60 homes sold
Detached - down 12.7% to 48 homes sold
Semi-detached - down 29.4% to 12 homes sold
Dollar Value Changes*
All homes - up 10.4% to $4,992,990
Detached - up 3.1% to $5,248,529
Semi-detached - up 35.6% to $3,970,833
*MLS 12-month year-over-year changes ending August 31, 2022; Provided by Jethro Seymour
As of September 1, 2022, there are eight homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,795,000 for a detached home on Glen Road (37 days on the market) to $6,700,000 for a detached home on Crescent Road (17 days on the market).
Last month, two homes sold in Rosedale,both were detached homes. The average time to sell a home was 13 days. The home on Standish Avenue sold eight days after it was listed, while the longest remained on the market for 17 days. This doesn’t include the three homes that have been listed for more than 30 days or the five homes that were listed in the month of August and are not selling at their current prices.
None of the two homes sold at or above their initial asking prices. Last month’s most valuable home sale was a detached 4-bedroom, 4-bathroom home on a 25 x 136-foot lot with a frontyard drive and carport on Standish Avenue. It sold for $2,850,000, or 95% of the original listing price. The other detached home on Hawthorn Avenue sold for $2,840,000 which was 95% of the initial listing price.
Entry into the Rosedale market now requires buyers to spend at least $3,100,000 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 Rosedale 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 July 2022 here..
August 2022 Sales
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of September 1, 2022;
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Rosedale 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 Midtown, Davisville Village and Leaside neighbourhoods.