Rosedale - Moore Park Toronto real estate report for 4th quarter of 2016
Freehold house sales:
33 freehold houses were sold in Rosedale / Moore Park neighbourhood in the 4th quarter of 2016. Average sale price was $2,557,130 for all types of houses, and that included one century old row house and six semi-detached houses. The row house was sold for $960,000, 122% of the listing price. Sale prices for semi-detached homes ranged from $1,520,000 for a 2-storey renovated 3 bedroom home to $3,050,000 for a modern 2 years old residence at Yonge and St. Clair.
Average price for 26 detached houses was $2,745,569. The lowest price, $1,402,000, was paid for a 2-storey home with hot water heat, unrenovated but in a good condition, located on a busy street. The highest, $5,820,000, was received on the day the listing was signed, for a centre hall 3-storey century old but well modernized residence on a quiet treed street within a walking distance to subway.
Thirteen houses were sold above the asking price, three received full list price, and the remaining seventeen sold below asking. The highest ratio of sold to list price, 135%, was paid for a detached Victorian house with heritage designation, in good condition but not recently renovated. It was listed with an asking price of $1,849,000 and sold for $2,500,000, three days after the date set up for offers. The highest amount of money above the listing price, $701,000, was paid for a lovely traditional home in the north Rosedale.
The lowest, 90% of the asking price, was paid for a grand mansion with five bedrooms and a swimming pool on a corner lot in a fairly busy location.
Five listings were sold with bully offers. It took, on average 23 days to sell a Rosedale home in the last quarter of 2016. That time ranged from zero days for one listing and one day for another four, to 164 days. Interestingly, the house that was sold on the day the listing was signed received only 97% of the asking price. The house was, however, listed twice earlier in the year, and the buyer's agent was watching for the listing to come up with a more reasonable asking price after the previous two offerings were terminated.
Condominium, co-op and co-ownership sales:
43 condominium apartments, eight co-ops one co-ownership unit and one condo townhouse were sold in the last quarter of 2016 in the neighbourhood. The lowest price, $336,000, was paid for a one bedroom co-op apartment in a low rise building in south Rosedale. The highest, $3,730,000, was received for a massive, over 3300 square feet three bedroom condo with three parking spaces 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: