Rosedale Home Sales Statistics for August 2020
Sales Volume Changes*
All homes - up 6.1% to 52 homes sold
Detached - up 31.4% to 46 homes sold
Semi-detached - down 58.3% to 5 homes sold
Dollar Value Changes*
All homes - up 16% to $4,643,301
Detached - up 8.1% to $4,850,775
Semi-detached - up 13.4% to $3,141,200
*MLS 12-month year-over-year changes ending August 31, 2020; Provided by Jethro Seymour
As of September 1, 2020, there are 15 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,595,000 for a semi-detached home on Astley Avenue (5 days on the market) to $19,800,000 for a detached home on Park Road (523 days on the market).
Last month, 12 homes sold in Rosedale including 11 detached and two semi-detached homes. The average time to sell a home was 22 days. The home on Douglas Drive sold a day after it was listed, while the longest lasted 54 days on the market. This doesn't include the eight homes that have been listed for more than 30 days or the seven homes that were listed in the month of August and have yet to sell for its current list price.
Four of the 12 home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 5-bedroom, 5-bathroom home on a 114 x 122-foot lot with a private drive and garage on Thornwood Road. It sold for $9,250,000, or 95% of the original listing price. It was followed by a detached home on Roxborough Drive which sold for $7,525,000 which was 95% of the initial listing price.
Entry into the Rosedale market now requires buyers to spend at least $2,000,000 for a detached home and at least $2,500,000 for a semi-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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August 2020 Sales in Rosedale
|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 September 1, 2020
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.