Rosedale Annual Home Sales 2018
In December 2018, only one home sold in Rosedale. It was a detached 3-bedroom, 2-bathroom home on a 129.17' x 10.36' lot on Summerhill Avenue with a private drive and garage. It sold for $805,000 (101% of the asking price). None of the homes currently listed have been on the market for more than 30 days.
As of January 2, 2018, there are four homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $5,995,000 for a detached home on Roxborough Drive (86 days on the market) to $12,000,000 for a detached home on Glen Road (76 days on the market).
Sales Volume Changes*
All homes - down 29.7% to 52
Detached - down 34.5% to 38
Semi-detached - down 7.1% to 13
Dollar Value Changes*
All homes - up 1.4% to $3,847,500
Detached - up 3.6% to $4,224,763
Semi-detached - up 5.8% to $2,865,692
*MLS 12-month year-over-year changes ending December 31, 2018; Provided by Jethro Seymour
2018 brought 52 home sales in Rosedale, down from 74 transactions in 2017. The 2018 sales returned an average of 1.4% more in the way of dollar value, with mean transaction values increasing from $3,795,881 to $3,847,500. The value increase affected both detached and semi-detached properties, with detached homes seeing a 3.6% increase to $4,224,763 and semi-detached properties increase to 5.8% to $2,865,692.
Entry into the Rosedale market now requires buyers to spend over $1,400,000 for a semi-detached home and at least $1,900,000 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 2018
|Detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
|Semi-detached||No. of Sold||Avg. Price||% of List Price||Days on Market|
Source: TREB MLS Sales Data as of January 2, 2018
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 Rosedale, Bloor-Yorkville, Summerhill, Casa Loma, Moore Park and Midtown Toronto neighbourhoods.