Rosedale Home Sales Statistics for July 2021
Sales Volume Changes*
All homes - up 110.3% at 82 homes sold
Detached - up 79.4% to 61 homes sold
Semi-detached - up 325% to 17 home sold
Dollar Value Changes*
All homes - down 2% to $4,470,862
Detached - up 4.5% to $4,979,240
Semi-detached - down 13.3% to $2,875,415
*MLS 12-month year-over-year changes ending July 31, 2021; Provided by Jethro Seymour
As of August 4, 2021, there are 16 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,649,000 for a detached home on Edgewood Crescent (10 days on the market) to $16,300,000 for a detached home on Chestnut Park Road (42 days on the market).
Last month, four homes sold in Rosedale. All were detached homes. The average time to sell a home was 13 days. The home on Whitney Avenue sold six days after it was listed while longest remained on the market for 27 days. This doesn't include the 12 homes that have been listed for more than 30 days or the four homes that were listed in the month of July and have yet to sell for its current list price.
Only one of the four homes sold at or above their listed price. Last month’s most valuable home sale was a detached 4-bedroom, 7-bathroom home on a 50 x 144-foot lot with a private drive and garage on Whitney Avenue. It sold for $8,250,000, or 97% of the original listing price. This was followed by another detached home on the same street which sold for $8,150,000 which was 96% of the initial listing price.
Entry into the Rosedale market now requires buyers to spend at least $2,500,000 for a detached home and at least $2,300,000 for a semi-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.
July 2021 Sales
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of August 4, 2021
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.