Rosedale Home Sales Statistics for June 2019
Sales Volume Changes*
All homes - down 18.6% to 48
Detached - down 18.6% to 35
Semi-detached - down 20% to 12
Dollar Value Changes*
All homes - up 15.8% to $4,030,954
Detached - up 21.2% to $4,513,166
Semi-detached - down 1% to $2,770,833
*MLS 12-month year-over-year changes ending June 30, 2019; Provided by Jethro Seymour
As of July 4, 2019, there are 15 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,650,000 for a detached home on Nanton Avenue (31 days on the market) to $21,500,000 for a detached home on Roxborough Drive (72 days on the market).
Last month, six homes sold in Rosedale, including four detached and two semi-detached homes. The average time to sell a home was 22 days. One home on Maple Avenue sold six days after it was listed, while the longest lasted 37 days. This doesn't include the 10 homes that have been listed for more than 30 days or the four homes that were listed in the month of June and are not selling at their current listed prices.
None of the June home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 4-bedroom, 6-bathroom home on a 50 x 139-foot lot with a private drive and garage on Whitney Avenue. It sold for $6,400,000, or 98% of the original listing price. It was followed by a home on South Drive which sold for $5,500,000 or 93% 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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June 2019 Sales in Rosedale
|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 July 4, 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.