Chaplin Estates Annual Home Sales 2020
As of January 4, 2021, there are two homes available in the Chaplin Estates area, ranging in price from $2,975,000 for a townhouse on Chaplin Crescent (53 days on the market) to $3,589,900 for a detached home on Oriole Parkway (21 days on the market).
Last month, the average Chaplin Estates home sold after 45 days on the market. A Chaplin Crescent home sold three days after it was listed, while the longest remained on the market for 106 days. This doesn’t include the only home that has been listed for more than 30 days or the other home that was listed in the month of November and is not selling at its current price.
Two of the five properties sold at or above their listed prices last month. December 2020’s most valuable Chaplin Estates featured a 6-bedroom, 3-bathroom duplex on a 39.99 x 110-foot lot with a mutual drive and garage on Highbourne Road. It sold after 106 days on the market for $2,602,000, or 90% of the original listing price. This was followed by a home on Braemar Avenue, which changed hands for $2,542,000 which was 98% of the original listing price.
Sales Volume Changes*
All homes - down 15% at 34 homes sold
Detached - no change at 31 homes sold
Semi-detached - down 80% to 1 home sold
Dollar Value Changes*
All homes - up 8.4% to $2,428,353
Detached - up 4.3% to $2,479,419
Semi-detached - down 7.1% to $1,250,000
*MLS 12-month year-over-year changes ending December 31, 2020; Provided by Jethro Seymour
2020 brought 34 home sales in Chaplin Estates, down by 15% from 40 transactions in 2019. The 2020 sales returned an average of 8.4% more in the way of dollar value, with mean transaction values rising from $2,239,804 to $2,428,353. This year's sales included 31 detached homes, which returned average sale prices of $2,479,419. This marked a 4.3% increase compared to the same number of homes that sold for an average of $2,377,846 in 2019.
Entry into the Chaplin Estates market now requires buyers to spend at least $1,300,000 for a semi-detached home and at least $1,600,000 for a detached home. Buyers continue to look for homes in midtown while low inventory persists as a driver of competitive bidding.
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Annual Home Sales 2020
|Detached||No. Sold||Avg Price||% of List price||Days on market|
|Semi-detached||No. Sold||Avg Price||% of List price||Days on market|
Source: TREB MLS Sales Data as of January 4, 2021
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Toronto 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 Chaplin Estates, Deer Park, Summerhill and North Toronto.