Rosedale - Moore Park Toronto real estate report for fourth quarter of 2019
Freehold house sales:
25 freehold houses were sold in Rosedale / Moore Park neighbourhood in the third quarter of 2019. The prices for the 21 detached houses ranged from $1,498,000 to $9,000,000 and averaged $3,358,054. Average list to sell price ratio was 97.7%, and average time on the market for detached houses was 19 days.
The lowest price, $1,498,000, was paid for a 3 bedroom 2-storey detached house in Moore Park, which took 39 days to sell and received 93.9% of the original list price. Four houses sold above the 5 million mark, and the highest price, $9,000,000, was paid for a huge 3-storey detached house in south-west Rosedale, on an extra large west facing lot. That house needed renovation, took only 2 days to sell and received 90% of the list price.
In the same period of 2018 21 detached houses sold for an average of $3,105,119 with the lowest selling price $1,600,000 and the highest $8,190,000; average time on the market for a detached house was 24 days, and the average sold to list price ratio was 100%.
As in the previous quarter, five freehold houses were sold above the asking price. The highest, 110%, was paid for a beautifully renovated 5 bedroom house in south Rosedale, which was listed for $5,000,000 and sold in three days for $5,500,000, two days before the planned offer date. Three listings sold for full price, and the remaining seventeen sold below asking, ranging from 90% to 98%. One listing took only one day to sell; four houses sold in a couple of days; eleven sold within the first week of marketing, and seven took more than one month to sell. The average time on the market was 18 days. Only one listing sold with a bully offer.
Condominium, co-op and co-ownership sales:
25 condominium apartments, 12 co-ops, one c-ownership unit and two townhouses were sold in the fourth quarter of 2019 in Rosedale-Moore Park. The lowest price, $325,000, was paid for a small, under 500 sq.ft. bachelor co-op unit on the ground level at Bloor and Castle Frank. The highest, $4,725,000, was received for a spectacular 3 bedroom suite with 3220 square feet of living space at Yonge and St. Clair.
Out of these 40 listings 9 were sold within one week. The longest time on the market, 126 days, was needed to sell a 2-bedroom plus den high level unit in Milan on Church.
Seventeen condos, six co-op units, one co-ownership and one condo townhouse sold below asking, between 85% and 99%; five condos and three co-op apartments sold for full asking price; remaining three condos, three co-ops and one townhouse sold between 102% and 116% of the listing price. The highest percentage was paid for a spacious (2328 sq.ft.) 3 bedroom condo townhouse at Yonge and Summerhill. Listed for $1,188,000 it was sold with a bully offer in six days for $1,380,000. That was also the highest amount of money over the asking price, $192,000.
All home types, third quarter 2019, as reported on Toronto MLS system:
|Type||Sales||Average price||New listings||Avg. sale/list price||Avg. days on market|