Rosedale Home Sales Statistics for January 2020
Sales Volume Changes*
All homes - up 25% to 60 homes sold
Detached - up 47.1% to 50 homes sold
Semi-detached - down 38.5% to 8 homes sold
Dollar Value Changes*
All homes - up 8.9% to $4,089,974
Detached - up 4.2% to $4,314,669
Semi-detached - up 2.7% to $2,944,375
*MLS 12-month year-over-year changes ending January 31, 2020; Provided by Jethro Seymour
As of February 3, 2020, there are 8 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $1,899,000 for a detached home on Standish Avenue (just listed) to $21,500,000 for a detached home on Roxborough Drive (286 days on the market).
Last month, two homes sold in Rosedale, all were detached homes. The average time to sell a home was two days. The home on Douglas Drive sold a day after it was listed, while the other home on the same street lasted four days on the market. This doesn't include the six homes that have been listed for more than 30 days or the single home that was listed in the month of January and has yet to sell for its current list price.
Both homes sold at or above their listed price. Last month’s most valuable home sale was a detached 5-bedroom, 5-bathroom home on a 50 x 138-foot lot with a private drive. It sold for $4,575,000, or 100% of the original listing price. The other home sold for $2,518,000, which was 101% of the initial asking price.
Entry into the Rosedale market now requires buyers to spend at least $3,600,000 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 Annual Home Sales 2019 here.
January 2020 Sales in Rosedale
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of February 3, 2020
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.