Rosedale Toronto Condo Sales Reports 2021

Rosedale, Toronto Condos

2nd Quarter 2022 Real Estate Sales Report

Rosedale's condo real estate market saw a decrease in sales of 6% in the 2nd quarter of 2022 compared to the first quarter of 2021. There were 66 Rosedale condo sales over this time period. Sales prices for this period decreased by 14%. The Average Sales Price for a condo in this district comes in at a strong $1,291,808 per suite. Another statistic showing that the market may remain strong is that we are seeing 99% of the final sales price to the listing price and condos are selling within  days on average.  

I will be very curious to see what the remainder of 2022 market 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.