Rosedale, Toronto Condos

1st Quarter 2019 Real Estate Sales Report

Rosedale Toronto condo sales 2nd Quarter 2018

Rosedale, Toronto Condo 1st Quarter  transactions
 
  2018        2019   Difference
Sales
 
  20     15   - 25%
Average Sold Price
 
  $789,345        $1,201,685      + 51%
Average Listing Price
 
  $777,965     $1,116,487   + 44%
% of Final Sales Price to Listing Price
 
  102%     103%   + 1%
Days on Market
 
  20     15   - 25%


Rosedale's condo real estate market saw a decline in sales, they dropped by 25% in the 1st quarter of 2019. There were 20 sales this quarter. Sales prices for the 1st quarter increased by a huge 51%, partly due to a lack of inventory in the Rosedale neighbourhood. The average price per condo comes in at a strong $1,201,685 per suite.

Another statistic showing that the market will remain strong is that we are seeing 102% of the final sales price to the listing price. Also, condos are selling within 3 weeks. 
 

I will be very curious to see what the 2nd quarter of 2019 brings. We have a few new (pre-construction) condo buildings initiating their VIP sales, but I don't see this affecting the resale market as the pre-construction attracts different buyer. If you are debating on seling this is the best time to put your condo on the market due to to historically low inventory.

*** Please Note -These prices do not truly portray the fact that many of these super luxury condo units are from $1300 to over $1,500 per sq. ft.. ***

If you have any questions, feel free to contact me and I'll get back to you as soon as possible.

 

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