Rosedale Home Sales Statistics for March 2020
Sales Volume Changes*
All homes - up 34.9% to 58 homes sold
Detached - up 72.4% to 50 homes sold
Semi-detached - down 53.8% to 6 homes sold
Dollar Value Changes*
All homes - up 6.9% to $4,121,209
Detached - down 3.7% to $4,259,703
Semi-detached - up 22.6% to $3,322,500
*MLS 12-month year-over-year changes ending March 31, 2020; Provided by Jethro Seymour
As of April 8, 2020, there are eight homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,595,000 for a detached home on Rowanwood Avenue (9 days on the market) to $21,500,000 for a detached home on Roxborough Drive (351 days on the market).
Last month, only one home sold in Rosedale. It was a detached 6-bedroom, 5-bathroom home on a 49.75 x 136-foot lot with a mutual drive and garage on Roxborough Street East. It sold for $4,650,000, or 96% of the original listing price after being on the market for 18 days. This doesn't include the seven homes that have been listed for more than 30 days or the single home that was listed in the month of March and has yet to sell for its current list price.
Entry into the Rosedale market now requires buyers to spend at least $2,000,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
"All of the COVID-19 related issues and measures have translated into a temporary drop in the number of transactions – a drop that will persist until we experience a meaningful and sustained decline in the number of cases. However, once recovery begins, it will likely accelerate in earnest as buyers seek to satisfy pent-up demand that will build up over the course of the spring and at least part of the summer." – Michael Collins, 2019/2020 Toronto Regional Real Estate Board President
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March 2020 Sales in Rosedale
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of April 8, 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.