Monday Market Update – Feb 10, 2025

 

Welcome to this week’s Monday Market Update, where we take a closer look at the latest real estate activity in Toronto’s most desirable neighbourhoods over the previous 7 days. Whether you’re thinking of buying, selling, or just keeping an eye on the market, here’s what you need to know from the past seven days.

Lawrence Park North & South

  • Average Days on Market: 8 days

  • Average Sold Price: $2,394,018

  • Number of Transactions: 2

  • Sales Above List Price: 50%

  • Detached: 50%

  • Semi-Detached: 50%

  • Condos: 0%

  • Townhomes: 0%

The Lawrence Park market remains competitive, with homes selling in just over a week and half of them going above the list price. If you’re considering a move here, strong buyer demand suggests now is a great time to sell.

Yonge & Eglinton

  • Average Days on Market: 10 days

  • Average Sold Price: $1,982,000

  • Number of Transactions: 1

  • Sales Above List Price: 100%

  • 🏠 Detached: 100%

  • 🏡 Semi-Detached: 0%

  • 🏢 Condos: 0%

  • 🏘 Townhomes: 0%

Yonge & Eglinton saw just one sale this week, but it went above the list price, showing that well-positioned homes in this area continue to attract premium offers.

Yonge & St. Clair

  • Average Days on Market: 25 days

  • Average Sold Price: $2,168,333

  • Number of Transactions: 3

  • Sales Above List Price: 0%

  • 🏠 Detached: 33%

  • 🏡 Semi-Detached: 0%

  • 🏢 Condos: 67%

  • 🏘 Townhomes: 0%

Homes here are spending a bit more time on the market, with none selling above the list price this week. This suggests buyers may have a bit more negotiating power in this pocket of the city.

Mount Pleasant East & West

  • Average Days on Market: 27 days

  • Average Sold Price: $732,850

  • Number of Transactions: 8

  • Sales Above List Price: 37.5%

  • 🏠 Detached: 0%

  • 🏡 Semi-Detached: 0%

  • 🏢 Condos: 100%

  • 🏘 Townhomes: 0%

A higher number of transactions this week indicates solid market activity, though condos are taking nearly a month to sell. Over a third of sales still managed to close above asking.

The Annex

  • Average Days on Market: 12 days

  • Average Sold Price: $1,664,333

  • Number of Transactions: 3

  • Sales Above List Price: 0%

  • 🏠 Detached: 0%

  • 🏡 Semi-Detached: 0%

  • 🏢 Condos: 66%

  • 🏘 Townhomes: 33%

While properties in The Annex moved relatively quickly, none sold above list price this past week.

Rosedale/Moore Park

  • Average Days on Market: 66 days

  • Average Sold Price: $2,067,500

  • Number of Transactions: 2

  • Sales Above List Price: 0%

  • 🏠 Detached: 50%

  • 🏡 Semi-Detached: 0%

  • 🏢 Condos: 50%

  • 🏘 Townhomes: 0%

Homes in Rosedale and Moore Park are taking the longest to sell, averaging over two months on the market. Buyers here may find opportunities to negotiate, while sellers should ensure their properties stand out.

Key Takeaways

  • Buyer demand remains strong in Lawrence Park and Yonge & Eglinton, with homes moving quickly and often selling above asking.

  • Yonge & St. Clair and The Annex are experiencing a more balanced market, with homes selling at or below list price.

  • Rosedale/Moore Park continues to be a slower-moving market, presenting opportunities for buyers to negotiate favorable terms.

If you’re thinking about buying or selling in one of these neighbourhoods, reach out - I’d be happy to discuss how you can make the most of today’s market conditions!

 
Monday Market Update, EducationAlexander Yolevski