Rosedale Home Sales Statistics for November 2019
Sales Volume Changes*
All homes - up 9.4% to 58 homes sold
Detached - up 20.5% to 47 homes sold
Semi-detached - down 30.8% to 9 homes sold
Dollar Value Changes*
All homes - up 6.8% to $4,071,775
Detached - up 5.2% to $4,376,445
Semi-detached - down 6.3% to $2,706,667
*MLS 12-month year-over-year changes ending November 30, 2019; Provided by Jethro Seymour
As of December 4, 2019, there are 11 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $1,299,000 for a semi-detached home on Summerhill Avenue (22 days on the market) to $21,500,000 for a detached home on Roxborough Drive (225 days on the market).
Last month, five homes sold in Rosedale, all were detached homes. The average time to sell a home was 14 days. One home on Douglas Avenue sold two days after it was listed, while the longest lasted 36 days. This doesn't include the seven homes that have been listed for more than 30 days or the four homes that were listed in the month of November and have yet to sell for their current list prices.
Two of the November home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 7-bedroom, 6-bathroom home on a 75 x 275-foot lot with a private drive and garage on Cluny Drive. It sold for $9,000,000, or 90% of the original listing price. It was followed by a home on Douglas Avenue which sold for $5,375,000, which was 98% of the initial asking price.
Entry into the Rosedale market now requires buyers to spend $2,200,000 for a semi-detached home and 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.
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.
November 2019 Sales in Rosedale
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of December 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.