Rosedale - Moore Park Toronto real estate report for second quarter of 2019
Freehold house sales:
58 freehold houses were sold in Rosedale / Moore Park neighbourhood in the second quarter of 2019. The prices for the 46 detached houses ranged from $1,600,000 to $10,400,000 and averaged $3,609,653. The lowest price was paid for a small, 2-bedroom house in Moore Park being sold in "as is" condition. Only one house sold above the 10 million mark - a modern 3-storey residence on a 0.86 acre ravine lot, featuring an indoor lap pool, heated terrace, elevator, wine cellar, a gym and theatre room. It was sold in under 2 weeks for 96% of the asking price of $10,890,000. Ten semi-detached houses sold at an average of $2,794,000; two of them were in Moore Park, and the average price for these was $2,002,000, the remaining ten sold in Rosedale at an average price of $2,991,875. Two townhouses were sold at an average price of $1,731,500. A small, 2-storey two bedroom row house sold at Summerhill and Yonge for $1,258,000; another, on a large ravine lot (end unit) in Moore Park sold for $2,205,000.
In the same period of 2018 30 detached houses sold for an average of $3,683,000; the average price for the 10 semi-detached houses was $2,751,900; two townhouses sold at an average price of $1,095,410.
Fourteen freehold houses were sold above the asking price (with the highest 119% paid for a cottage style detached house in Moore Park, which was listed for $1,600,000 and sold in one week for $1,905,143), ten received full list price, and the remaining 34 sold below asking, ranging from 86% to 99%. One house sold on the day the listing was signed; four took one day to sell; one sold in 2 days; two sold in 3 days; four sold in 4 days; three in 5 days; five in 6 days, and the remaining 37 took from one week to 181 days. 24 of the 58 listings had a date set up for offers, and six sold with bully offers.
Condominium, co-op and co-ownership sales:
44 condominium apartments, six co-ops and four condo townhouses were sold in the second quarter of 2019 in Rosedale-Moore Park. The lowest price, $370,000, was paid for a small, under 500 sq.ft. one bedroom condo apartment at Yonge and Bloor. The highest, $6,500,000, was received for a luxurious 3 bedroom, two level penthouse with 4500 square feet of living space at Yonge and St. Clair.
Out of these 54 listings 23 were sold within one week, with two sold on the day the listing was published, two in one day and one in 2 days. The longest time on the market, 114 days, was needed to sell a 2-bedroom corner penthouse unit in The Ports.
Twenty six condos, two townhouses and one co-op unit sold under asking, between 91% and 99%; three condos and three co-op apartments sold for full asking price; remaining sixteen condos, two townhouses and one co-op sold between 101% and 123% of the listing price. The highest percentage (and the highest amount of money over list price) was paid for the spacious townhouse at Yonge and Belmont. Listed for $1,299,000 it was sold in six days for $1,600,000.
All home types, second quarter 2019, as reported on Toronto MLS system:
|Type||Sales||Average price||New listings||Avg. sale/list price||Avg. days on market|