Rosedale Home Sales Statistics for July 2019
Sales Volume Changes*
All homes - down 15.3% to 50
Detached - down 16.3% to 36
Semi-detached - down 20% to 12
Dollar Value Changes*
All homes - up 7.5% to $3,998,056
Detached - up 10.3% to $4,468,828
Semi-detached - down 1% to $2,770,833
*MLS 12-month year-over-year changes ending July 31, 2019; Provided by Jethro Seymour
As of August 6, 2019, there are 11 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,950,000 for a detached home on Astley Avenue (77 days on the market) to $21,500,000 for a detached home on Roxborough Drive (106 days on the market).
Last month, four homes sold in Rosedale, including three detached and one attached home. The average time to sell a home was 29 days. One home on Park Road sold two days after it was listed, while the longest lasted 62 days. This doesn't include the eight homes that have been listed for more than 30 days or the three homes that were listed in the month of July and are not selling at their current listed prices.
Only one of the July home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 5-bedroom, 5-bathroom home on a 53 x 130.24-foot lot with a private drive and garage on St. Andrews Gardens. It sold for $5,450,000, or 91% of the original listing price. It was followed by a home on Park Road which sold for $3,527,000 or 101% of the asking price.
Entry into the Rosedale market now requires buyers to spend $2,200,000 for a semi-detached home and at least $2,700,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
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July 2019 Sales in Rosedale
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Attached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of August 6, 2019
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.