Rosedale Home Sales Statistics for February 2022
Sales Volume Changes*
All homes - up 22% at 72 homes sold
Detached - up 20% to 54 homes sold
Semi-detached - no change at 14 homes sold
Dollar Value Changes*
All homes - up 8.7% to $5,069,429
Detached - up 6.1% to $5,585,424
Semi-detached - up 39% to $3,811,857
*MLS 12-month year-over-year changes ending February 28, 2022; Provided by Jethro Seymour
As of March 1, 2022, there are nine homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,485,000 for a semi-detached home on Edgewood Crescent (7 days on the market) to $8,995,000 for a detached home on Roxborough Drive (19 days on the market).
Last month, four homes sold in Rosedale, including three detached and one semi-detached home. The average time to sell a home was 15 days. The home on Astley Avenue sold six days after it was listed, while the longest remained on the market for 25 days. This doesn’t include the two homes that have been listed for more than 30 days or the seven homes that were listed in the month of February and are not selling at their current prices.
Two of the four homes sold at or above their initial asking prices. Last month’s most valuable home sale was a detached 4-bedroom, 5-bathroom home on a 45 x 149-foot lot with a private drive and built-in garage on Rowanwood Avenue. It sold for $7,100,000, or 96% of the original listing price. This was followed by another detached home on Astley Avenue which sold for $3,606,000 which was 102% of the initial listing price.
Entry into the Rosedale market now requires buyers to spend at least $3,500,000 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 January 2022 here..
February 2022 Sales
|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 March 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.