Rosedale Home Sales Statistics for November 2020
Sales Volume Changes*
All homes - down 8.6% to 53 homes sold
Detached - down 6.4% to 44 homes sold
Semi-detached - no change at 9 homes sold
Dollar Value Changes*
All homes - up 17.7% to $4,792,503
Detached - up 17.9% to $5,158,333
Semi-detached - up 11% to $3,004,005
*MLS 12-month year-over-year changes ending November 30, 2020; Provided by Jethro Seymour
As of December 1, 2020, there are 14 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $1,995,000 for a semi-detached home on Nanton Avenue (11 days on the market) to $19,800,000 for a detached home on Park Road (614 days on the market).
Last month, two homes sold in Rosedale and both were detached homes. The average time to sell a home was 45 days. The home on Glen Road sold 30 days after it was listed while the other home lasted 59 days on the market. 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 November and have yet to sell for its current list price.
None of the homes sold at or above their listed price. Last month’s most valuable home sale was a detached 5-bedroom, 7-bathroom home on a 92.55 x 136.07-foot lot with a private drive and garage on Glen Road. It sold for $9,750,0000, or 93% of the original listing price. The other detached home on Whitney Avenue sold for $7,000,000 which was 94% of the initial listing price.
Entry into the Rosedale market now requires buyers to spend at least $2,000,000 for a detached home and at least $2,500,000 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.
View Home Sales Statistics for October 2020 here.
November 2020 Sales
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of December 1, 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.