Rosedale, Toronto Condos

1st Quarter 2020 Real Estate Sales Report

Rosedale Toronto condo sales 2nd Quarter 2018

Rosedale, Toronto Condo 1st Quarter  transactions
 
  2020        2019   Difference
Sales
 
  34     21   + 38%
Average Sold Price
 
  $1,136,377        $1,194,818      - 4%
Average Listing Price
 
  $1,151,982     $1,095,952   - 4%
% of Final Sales Price to Listing Price
 
  99%     101%   - 2%
Days on Market
 
  45     26   - 73%


Rosedale's condo real estate market saw an increase in sales by 38% in the 1st quarter of 2020. There were 34 sales this quarter. Sales prices for the 1st quarter decreased by a small percentage of 4%, partly due to a lack of inventory and the weak numbers in the last 3 weeks of March. The average price per condo comes in at a strong $1,136,377 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. Condos are selling within 6 weeks again.  

I will be very curious to see what the 2nd quarter of 2020 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 selling your 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. If you are looking for one of these suites, please complete the form below to receive listing alerts as suites become available. 

*** 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.. ***

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