Rosedale Home Sales Statistics for July 2020
Sales Volume Changes*
All homes - down 22% to 39 homes sold
Detached - down 5.6% to 34 homes sold
Semi-detached - down 66.7% to 4 homes sold
Dollar Value Changes*
All homes - up 14.1% to $4,562,260
Detached - up 6.7% to $4,766,121
Semi-detached - up 19.7% to $3,317,500
*MLS 12-month year-over-year changes ending July 31, 2020; Provided by Jethro Seymour
As of August 3, 2020, there are 19 homes available in the Rosedale area of the Toronto Real Estate Board’s C09 zone, ranging in price from $2,395,000 for a detached home on Astley Avenue (87 days on the market) to $19,800,000 for a detached home on Park Road (494 days on the market).
Last month, nine homes sold in Rosedale including seven detached and two semi-detached homes. The average time to sell a home was 37 days. The home on Roxborough Street East sold a day after it was listed, while the longest lasted 163 days on the market. This doesn't include the eight homes that have been listed for more than 30 days or the 11 homes that were listed in the month of July and have yet to sell for its current list price.
Three of the nine home sales sold at or above their listed price. Last month’s most valuable home sale was a detached 6-bedroom, 6-bathroom home on a 62.01 x 214-foot lot with a private drive and garage on South Drive. It sold for $8,900,000, or 89% of the original listing price. It was followed by a detached home on Roxborough Drive which sold for $7,850,000 which was 98% 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 $2,900,000 for a semi-detached home. Buyers continue to look for homes in midtown while low inventory endures as the main driver of competitive bidding.
Consider us your Rosedale 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.
July 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 August 3, 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.