Rosedale - Moore Park Toronto real estate report for 1st quarter of 2019
Freehold house sales:
13 freehold houses were sold in Rosedale / Moore Park neighbourhood in the 1st quarter of 2019. Three semi-detached houses sold at an average of $1,674,000; two of them were in Moore Park, and the average price for these was $1,451,000, one semi sold in Rosedale for $2,120,000. In the same period in 2018 three semi-detached houses sold at an average of $2,246,667. One sold in Moore Park for $1,100,000; two in Rosedale at an average of $2,820,000.
Ten detached houses sold at an average of $4,044,430. Prices ranged from $2,901,800 for a 3-strey medium size house in south part of Rosedale requiring renovation to $7,550,000 for a bright, modern residence in Moore Park, built in 2016, providing over 6,000 square feet of living and entertaining space.
In the same period of 2018 22 detached houses sold for an average of $3,330,500. These prices ranged from $1,560,000 for a two storey original 1949 house being sold as a building lot in Governor's Bridge to $8,400,000 for a three storey mansion on a 50 by 150 feet lot in central Rosedale.
Only one freehold house was sold above the asking price (at 110%), three received full list price, and the remaining nine sold below asking, ranging from 94% to 99%. Three houses took 2 days each to sell, one sold in 4 days, one in 6 days, and the remaining eight took from 9 to 273 days. Only two of the houses had a date set up for offers, and even these did not sell on the offer date, but later.
Condominium, co-op and co-ownership sales:
17 condominium apartments, two co-ops and two condo townhouses were sold in the first quarter of 2019 in Rosedale-Moore Park. The lowest price, $550,000, was paid for a one bedroom condo apartment on Church. The highest, $3,950,000, was received for a luxurious 3 bedroom lower penthouse with 2008 square feet of living space at Yonge and Summerhill.
Out of these 21 listings 6 were sold within one week. The longest time on the market, 45 days, was needed to sell the a 2-bedroom corner unit in Bellagio on Bloor.
Six condos and one townhouse sold under asking, between 95% and 99%; four condos, one co-op and one townhouse sold for full asking price; remaining seven condos and one co-op sold between 101% and 134% of the listing price. The highest percentage (and the highest amount of money over list price) was paid for the large lower penthouse at Yonge and Summerhill. Listed for $2,950,000 it was sold in one week for $3,950,000.
All home types, fourth quarter 2016, as reported on Toronto MLS system:
|Type||Sales||Average price||New listings||Avg. sale/list price||Avg. days on market|