Monday Market Update - February 17, 2025
The Toronto real estate market continues to showcase dynamic activity across some of its most desirable neighbourhoods. In the past 7 days, areas like Lawrence Park N & S, Yonge & St. Clair, Mount Pleasant E & W, Rosedale/Moore Park, and The Annex have revealed insightful trends that provide a snapshot of current market conditions.
This comprehensive update breaks down the latest statistics, highlights key movements in different property types, and offers valuable insights to help buyers, sellers, and investors make informed decisions.
Lawrence Park N & S: A Balanced Market with Detached Dominance
Key Stats:
Average Days on Market: 23 days
Average Sold Price: $1,815,333
Number of Transactions: 3
Property Breakdown:
• 🏠 Detached Homes: 67%
• 🏘️ Semi-Detached Homes: 0%
• 🏢 Condos: 33%
• 🏚️ Townhomes: 0%Sold Above List Price: 0%
Summary:
The Lawrence Park N & S area demonstrated a balanced market this past week, with detached homes taking the lead. Making up 67% of all transactions, detached properties continued to be the most popular choice among buyers. Condos accounted for the remaining 33%, indicating a growing interest in high-end apartment living within this prestigious neighborhood.
Interestingly, no semi-detached homes or townhomes were sold, highlighting the preference for larger, independent properties in this community. Properties spent an average of 23 days on the market, reflecting a moderate selling pace. Notably, no homes sold above list price, suggesting that buyers are cautious and market conditions are steady.
This data indicates that Lawrence Park N & S remains a desirable location for families and individuals seeking luxurious detached homes with ample space. Buyers can expect stable pricing, while sellers should be prepared for competitive pricing strategies to attract serious buyers.
Yonge & St. Clair: Swift Sales in the Semi-Detached Market
Key Stats:
Average Days on Market: 9 days
Average Sold Price: $3,600,800
Number of Transactions: 1
Property Breakdown:
• 🏠 Detached Homes: 0%
• 🏘️ Semi-Detached Homes: 100%
• 🏢 Condos: 0%
• 🏚️ Townhomes: 0%Sold Above List Price: 0%
Summary:
Yonge & St. Clair experienced limited activity this week, with only one recorded transaction—a semi-detached home that sold in just 9 days. This rapid sale showcases strong demand for semi-detached properties in this upscale area.
With an average sold price of $3,600,800, this transaction highlights the premium value of homes in Yonge & St. Clair. No detached homes, condos, or townhomes were sold, suggesting that the market is highly niche, with buyers focusing on specific property types.
The absence of above-list sales suggests that while demand is present, buyers are strategic and calculated, ensuring they secure properties at competitive prices. This makes Yonge & St. Clair an appealing area for buyers looking for high-end, semi-detached homes with a quick turnaround.
Mount Pleasant E & W: Condos Take the Lead
Key Stats:
Average Days on Market: 54 days
Average Sold Price: $891,000
Number of Transactions: 4
Property Breakdown:
• 🏠 Detached Homes: 0%
• 🏘️ Semi-Detached Homes: 0%
• 🏢 Condos: 100%
• 🏚️ Townhomes: 0%Sold Above List Price: 0%
Summary:
In Mount Pleasant E & W, condos dominated the market with all 4 transactions being for condominium units. This highlights a growing trend of buyers opting for low-maintenance, high-rise living in this vibrant community.
With an average sold price of $891,000, the condo market remains accessible to a range of buyers, including first-time buyers, investors, and downsizers. However, the average days on market were notably high at 54 days, indicating a slower selling pace compared to other neighborhoods.
No properties sold above list price, reflecting balanced market conditions where buyers have leverage. This could be an opportune time for condo buyers looking for negotiable prices in a desirable Midtown location.
Rosedale/Moore Park: Competitive Buying in a Prestigious Neighbourhood
Key Stats:
Average Days on Market: 17 days
Average Sold Price: $2,888,500
Number of Transactions: 4
Property Breakdown:
• 🏠 Detached Homes: 50%
• 🏘️ Semi-Detached Homes: 25%
• 🏢 Condos: 0%
• 🏚️ Townhomes: 25%Sold Above List Price: 25%
Summary:
Rosedale/Moore Park showed strong market activity with a balanced mix of detached, semi-detached, and townhome sales. Detached homes made up half of the transactions, reinforcing their status as the most sought-after property type in this prestigious area.
The competitive nature of this market is evident, with 25% of properties selling above list price, highlighting strong demand and multiple offer scenarios. Additionally, the swift average days on market (17 days) indicate that buyers are highly motivated.
With high average sold prices and competitive buying, Rosedale/Moore Park continues to be a prime choice for affluent buyers seeking luxurious living.
The Annex: Townhomes Dominate in a Competitive Market
Key Stats:
Average Days on Market: 33 days
Average Sold Price: $909,583
Number of Transactions: 6
Property Breakdown:
• 🏠 Detached Homes: 0%
• 🏘️ Semi-Detached Homes: 17%
• 🏢 Condos: 0%
• 🏚️ Townhomes: 83%Sold Above List Price: 16.7%
Summary:
The Annex saw the highest number of transactions among all neighborhoods, with townhomes dominating the market. This preference for townhomes demonstrates demand for versatile, spacious living in this vibrant, urban community.
With 16.7% of sales above list price, The Annex remains competitive, reflecting the desirability of its unique architecture and proximity to downtown.
Final Thoughts: Key Takeaways from This Week’s Market Update
This week’s data provides a clear snapshot of current market conditions across Midtown Toronto’s prime neighbourhoods:
Detached Homes are in high demand in Lawrence Park N & S and Rosedale/Moore Park.
Semi-Detached Homes saw activity primarily in Yonge & St. Clair.
Condos are performing well in Mount Pleasant E & W.
Townhomes are the property of choice in The Annex.
As always, understanding the trends in each neighbourhood is crucial for making informed real estate decisions. Whether you’re looking to buy, sell, or invest, navigating Toronto’s real estate market requires strategic planning and expert guidance.
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