Rosedale - Moore Park, Toronto Houses

 Real Estate Sales Report 2020 1st Quarter

The Rosedale - Moore Park Toronto 

 

2020

 

 

2019

 

Difference

Sales

 

23

 

 

13

 

+ 33%

Average Price

 

$2,691,474

 

 

$3,497,408

 

- 22%

Average Listing Price

 

$2,674,952

 

 

$3,559,769

 

- 25%

% of Final Sales Price to Listing Price

 

102%

 

 

98%

 

+ 4%

Days on Market

 

24

 

 

33

 

- 27%

# of Detached Houses

 

15

 

 

10

 

 

# of Semi's

 

3

 

 

3

 

 

# of Townhouses

  3     0    

Rosedale Moore Park Toronto real estate housing market saw an increase overall for 1st quarter 2020. Sales were up by 33% to 23 home sales. Sales prices decreased by 22%, mainly due to more detached homes sold in 2019 vs 2020. 1st quarter 2020 had 29% of sales were semis and Townhouses compared to 23% this effects the prices dramatically with this few sales. The average price came in at $2,691,474 down by 22%..
Another statistic showing that the market will likely remain strong is that we saw 102% of the final sales price to the listing price. Homes also generally sold within three weeks, a very strong stat. 
I will be very curious to see what 2nd quarter 2020 brings. I have a feeling that prices will increase due to a lack of inventory. A continued lack of supply and new inventory of resale homes and condos coming to market may continue. If so, this will result in placing upward pressure on property prices. There will be Sellers who's view is that these price increases make this a good time to sell their property, especially if downsizing or exiting the market with the nest egg their home has provided and choosing to rent .  

It is important for buyers and sellers use a real estate agent who truly understands the Rosedale - Moore Park real estate market.

Do you have questions about the Rosedale Real Estate market ?

How can I help ?

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Chantal Rosenthal
Sales Representative
Sotheby's International Realty , Canada
Direct : 416-804-2262
Not intended to solicit Buyers or Sellers currently under contract with other realtorsS

 

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