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Central Toronto Houses 2015 1st Quarter Report C09

Including: Rosedale, Moore Park

Rosedale Toronto 2015  2014 Difference
House Sales 81  61 + 33%
Homes Average Price $1,581,005  $1,504,461 + 5%
New Listings 135  139 - 3%
Active Listings 55  77 - 29%
% of Final Sales Price to Listing Price 99%  99% - 0%
Days on Market 24  29 -17%

 

rosedale real estate house

Rosedale and Moore Park had a very strong 1st quarter of 2015. Both sales and prices were up over the same period of time in 2014. House and condo sales were up 33% with 81 homes and condos being sold with the majority happening in the 1st part of the quarter. Prices continued to climb up by 6% but a great deal of this was the % of luxury homes was up and that pushes the average up considerably, but it does prove that the market is very strong in this area. Inventory remains down dramatically falling  29% over last year. I suspect that inventory will continue to be low into 2nd quarter because we saw new listings continue to be down by 3%. Properties continued to sell at 99% of listing and within a month showing again how strong the market is in Rosedale Moore Park

Looks like the area continues to be strong for the sellers and still shows it is a tough market for the buyers. If you are looking to sell your home or condos now is the time. We can never predict in the luxury market how long the homes and condos will remain as strong as they are. The average price for a detached is coming in over 2.4 million, a semi over 1.3 million and condos around $760,000. Condos are selling over asking and houses 98% of asking.

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