Rosedale Home Sales Statistics for October 2022
Sales Volume Changes*
All homes - down 20% at 56 homes sold
Detached - down 10% to 45 homes sold
Semi-detached - down 37.5% to 10 homes sold
Dollar Value Changes*
All homes - down 3.6% to $4,708,221
Detached - down 12.1% to $4,908,164
Semi-detached - up 32% to $4,012,800
*MLS 12-month year-over-year changes ending October 31, 2022; Provided by Jethro Seymour
As of November 2, there are 13 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $3,350,000 for a semi-detached home on Nanton Avenue (63 days on the market) to $16,595,000 for a detached home on Castle Frank Road (50 days on the market).
Last month, six homes sold in Rosedale, including five detached homes and a duplex. The average time to sell a home was 21 days. The home on Mckenzie Avenue sold two days after it was listed, while the longest remained on the market for 78 days. This doesn’t include the nine homes that have been listed for more than 30 days or the four homes that were listed in the month of October and are not selling at their current prices.
One of the six homes sold at or above their initial asking prices. Last month’s most valuable home sale was a detached 5-bedroom, 7-bathroom home on a 54.99 x 147-foot lot with a private drive and garage on Mckenzie Avenue. It sold for $9,500,000, or 95% of the original listing price. It was followed by a detached home on Maple Avenue which sold for $4,680,000 which was 95% of the initial listing price.
Entry into the Rosedale market now requires buyers to spend at least $3,000,000 for a detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
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October 2022 Sales
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Duplex||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of November 2, 2022;
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.