Rosedale, Toronto Condos
First Quarter 2021 Real Estate Sales Report
|*Rosedale, Toronto Condo 1st Quarter transactions
|Average Sold Price
|Number of New Listings
|Average Sales Price to Listing Price Ratio
|Days on Market
Rosedale's condo real estate market saw an increase in sales of 46% in the first quarter of 2021 compared to the first quarter of 2020. There were 48 Rosedale condo sales over this time period. Sales prices for this period increased by 11%, partly due to a lack of inventory. The Average Sales Price for a condo in this district comes in at a strong $1,263,000 per suite. Another statistic showing that the market may remain strong is that we are seeing 100% of the final sales price to the listing price and condos are selling within 32 days on average.
I will be very curious to see what the 2nd half of 2021 brings. We have a few new (pre-construction) condo buildings initiating their VIP sales in Toronto, however, the pre-construction condo launches generally attract a different buyer than the resale market. Many of the buyers looking to purchase a condo in The Rosedale neighbourhood are often downsizing and cherish the Rosedale neighbourhood. The most sought after buildings for these buyers are established condo buildings in the prime locations that offer the culture and amenities they are able to assess by walking into the building and seeing the ambiance and upkeep for themselves. A resale condo building will have a Status Certificate for the buyer and the Buyer's Lawyer to review as well and is an important part of the decision making process.
If you are debating buying or selling a Rosedale Condo, this is still a good time to list your condo due to to historically low inventory. Generally, in the finer buildings, the inventory remains low and the demand high, because there is a lack of supply of luxury suites with generous floor plans.
Please keep in mind that there are also off market sales and these are not captured in the Toronto Regional Real Esate Board Stats referred to here.
If you are considering a move this year, please complete the contact form and we would be pleased to respond to your enquiry.
*The Source for these stats is the Toronto Regional Real Estate Board, C09, note certain stats are not reported. Please complete the contact form if you have any questions would like additional information.
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Showing 20 properties out of 22 currently available on the market.