Moore Park Home Sales Statistics for March 2020
Sales Volume Changes*
All homes - up 52.9% to 52 homes sold
Detached - up 53.6% to 43 homes sold
Semi-detached - up 50% to 6 homes sold
Dollar Value Changes*
All homes - down 11.4% to $2,642,345
Detached - down 16.8% to $2,734,440
Semi-detached - up 33.6% to $2,089,500
*MLS 12-month year-over-year changes ending March 31, 2020; Provided by Jethro Seymour
As of April 8, 2020, there are four homes available in the Moore Park area, ranging in price from $2,395,000 for a detached home on Rose Park Drive (20 days on the market) to $6,395,000 for a detached home on Rosedale Heights Drive (66 days on the market).
Last month, three homes sold in Moore Park, all were detached homes. The average time to sell a home was five days. The home on St Clair Avenue East sold three days after it was listed, while the longest lasted seven days. This doesn't include the only home that has been listed for more than 30 days or the three homes that were listed in the month of March and has yet to sell at its current listed price.
All three homes sold above their listed price last month. March’s most valuable home sale was a detached 5-bedroom, 3-bathroom home on a 40 x 184-foot lot with a private drive and garage on Ridge Drive. It sold for $3,155,000, which was 106% of the original listing price. It was followed by another detached home on St Clair Avenue East which sold for $2,388,000, or 111% of the asking price.
Entry into the Moore Park market now requires buyers to spend at least $2,300,000 for either semi-detached or detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
"All of the COVID-19 related issues and measures have translated into a temporary drop in the number of transactions – a drop that will persist until we experience a meaningful and sustained decline in the number of cases. However, once recovery begins, it will likely accelerate in earnest as buyers seek to satisfy pent-up demand that will build up over the course of the spring and at least part of the summer." – Michael Collins, 2019/2020 Toronto Regional Real Estate Board President
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Moore Park Sales in
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of April 8, 2020
Statistics Provided by Jethro Seymour, Broker of Record
Jethro Seymour is one of the Top Davisville Village 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 Moore Park, Davisville Village, Leaside and Midtown Toronto neighbourhoods.