Rosedale - Moore Park Toronto real estate report for 1st quarter of 2017
Freehold house sales:
19 freehold houses were sold in Rosedale/Moore Park neighbourhood in the 1st quarter of 2017. Average sale price was $3,702,138 for all types of houses, and that included five semi-detached houses. Sale prices for semi-detached homes ranged from $1,250,000 for a 2-storey renovated 3 bedroom home sitting on a wide lot with a private drive and a three car garage, but located on a busy street, to $3,811,000 for a sophisticated, renovated, very large Victorian residence with private drive and a garage in prime Rosedale. Average price for semi-detached houses was $2,169,700.
Average price for 26 detached houses was $4,249,438. That was much higher than the average in the last quarter of 2016, caused by the fact that nearly half of the listings were sold above four million. The lowest price, $1,650,000, was paid for a 2-storey 3-bedroom home with hot water heat, unrenovated but very well maintained, with a front pad parking for one car. The highest, $9,800,000, was paid for a massive 3-storey residence built in 1922 and elegantly renovated, on a quiet treed street with a ravine setting.
Eleven houses were sold above the asking price, two received full list price, and the remaining six sold below asking. The highest ratio of sold to list price, 119%, was paid for a renovated two storey detached house in Moore Park. It was listed with an asking price of $1,595,000 and sold for $1,905,000, on the date set up for offers. The highest amount of money above the listing price, $505,000, was paid for beautifully renovated five bedroom home in north Rosedale.
The lowest, 93% of the asking price, was paid for a grand mansion with five bedrooms and a swimming pool in South Rosedale.
Only one listing was sold with a bully offer. It took, on average eight days to sell a a listing. That time ranged from one day to 29 days. Thirteen houses were sold within one week, and only two needed more than three weeks.
Condominium, co-op and co-ownership sales:
22 condominium apartments, seven co-ops and one condo townhouse were sold in the first quarter of 2017 in Rosedale-Moore Park. The lowest price, $385,000, was paid for a one bedroom condo apartment on Bloor. The highest, $3,550,000, was received for a luxurious 2 bedroom plus den penthouse with over 3300 square feet of living space and its own elevator access at Yonge and St. Clair.
Out of these 53 listings 21 were sold within one week. The longest time on the market, 126 days, was needed to sell the most expensive condominium apartment.
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All home types, fourth quarter 2016, as reported on Toronto MLS system: