Lawrence Park Home Sales Statistics for July 2020
Sales Volume Changes*
All homes - up 28.2% to 50 homes sold
Detached - up 35.1% to 50 homes sold
Semi-detached - down 100% to 0 home sale
Dollar Value Changes*
All homes - up 12.6% to $3,626,953
Detached - up 9.2% to $3,626,953
Semi-detached - no home sale
*MLS 12-month year-over-year changes ending July 31, 2020; Provided by Jethro Seymour
As of August 3, 2020, there are 22 homes available in the Lawrence Park area, ranging in price from $2,680,000 for a detached home on Blythwood Road (66 days on the market) to $10,500,000 for a relisted detached home on Daneswood Road (28 days on the market).
Last month, six homes sold in Lawrence Park, all were detached homes. The average time to sell a home was 19 days. The home on Weybourne Crescent sold after being listed on the market for a day, while the longest remained on the market for 34 days. This doesn't include the 14 homes that have been listed for more than 30 days or the nine homes that were listed in the month of July and are not selling at their current listed prices.
Only one of the six July home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 5-bedroom, 4-bathroom home on a 50 x 167-foot lot with a private drive and garage on Dawlish Avenue. It sold for $3,750,000, which was 96% of the original listing price. It was followed by a detached home on St Leonard's Avenue which sold for $3,450,000 or 99% of the asking price.
Entry into the Lawrence Park market now requires buyers to spend and at least $1,800,000 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 Lawrence Park 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.
Lawrence Park Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of August 3, 2020
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Lawrence Park 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 Lawrence Park, Sherwood Park, Midtown Toronto neighbourhoods.