What Sold Last Week in Midtown and Uptown Toronto? March 10-16, 2025

 

The real estate market in Midtown and Uptown Toronto continues to move as we step further into March, offering a mix of opportunities and challenges for buyers and sellers alike. Last week’s sold listings paint an interesting picture of market activity across key neighbourhoods, with notable trends emerging in price points, days on market (DOM), and property types.

Market Overview: Midtown & Uptown Toronto

If you’re thinking about buying or selling in Midtown or Uptown Toronto, here’s what you need to know about last week’s market performance.

Key Market Stats at a Glance

  • Total number of transactions: 17

  • Average days on market (DOM): Ranged from 16 to 81 days

  • Percentage of homes sold above list price: 25% in select areas

  • Property types sold: A mix of detached homes, semis, condos, and townhouses

  • Highest average sold price: $3,042,500 in Bedford Park - Norton

  • Lowest average sold price: $657,500 in Yonge & St. Clair


Neighbourhood Breakdown: Where and What Sold?

Lawrence Park (North & South)

  • Average Sold Price: $2,356,000

  • Average DOM: 45 days

  • Number of Transactions: 4

  • Sold Above List Price: 25%

  • Property Types: 3 Detached, 1 Semi

Takeaway: Lawrence Park remains a stronghold for detached homes, with three sold last week. While the average days on market were longer at 45 days, a quarter of the sales still managed to go above asking, demonstrating demand in this luxury neighbourhood.


Mount Pleasant (East & West)

  • Average Sold Price: $876,250

  • Average DOM: 16 days

  • Number of Transactions: 4

  • Sold Above List Price: 25%

  • Property Types: 4 Condos

Takeaway: The condo market in Mount Pleasant showed healthy movement, with all four transactions being condos. With an average time on the market of just 16 days, this area continues to attract buyers looking for more affordable condo options.


Leaside

  • Average Sold Price: $1,072,500

  • Average DOM: 16 days

  • Number of Transactions: 2

  • Sold Above List Price: 0%

  • Property Types: 2 Condos

Takeaway: While Leaside remains one of the city’s most desirable family-friendly neighbourhoods, last week’s sales were limited to condos. No properties sold above the list price, but the quick sales cycle (16 days) suggests buyers are eager to secure homes in the area.


Bedford Park - Norton

  • Average Sold Price: $3,042,500

  • Average DOM: 28 days

  • Number of Transactions: 2

  • Sold Above List Price: 0%

  • Property Types: 1 Detached, 1 Condo

Takeaway: The highest-priced sales this week came out of Bedford Park, where a detached home and a condo sold for an impressive average of just over $3 million. Despite the high price point, homes sold in under a month, reinforcing this area’s reputation as a top-tier location for luxury buyers.


Yonge & St. Clair

  • Average Sold Price: $657,500

  • Average DOM: 81 days

  • Number of Transactions: 2

  • Sold Above List Price: 0%

  • Property Types: 1 Condo, 1 Semi

Takeaway: This week’s slowest market activity was in Yonge & St. Clair, where properties sat on the market for an average of 81 days. This could signal a pricing misalignment or a temporary slowdown in buyer demand for this area.


Annex

  • Average Sold Price: $1,271,667

  • Average DOM: 25 days

  • Number of Transactions: 3

  • Sold Above List Price: 66.7%

  • Property Types: 2 Condos, 1 Townhouse

Takeaway: The Annex was the hottest market last week, with 66.7% of sales going above list price. With an average of just 25 days on the market, demand remains strong in this prime downtown-adjacent neighbourhood, especially for condos and townhomes.



Market Trends and What They Mean for Buyers & Sellers

  1. Luxury markets are moving—but not always quickly.

    • Bedford Park and Lawrence Park saw high-value sales, but longer days on the market suggest that luxury buyers are being more selective and taking their time to make decisions. If you’re selling in these areas, pricing and strategic marketing are key to moving your home efficiently.

  2. Condos are in demand—but price sensitivity is evident.

    • With condos making up a significant portion of the week’s sales, it’s clear that there’s strong interest in smaller properties. However, the fact that only certain areas (like the Annex) saw sales over asking suggests that pricing plays a critical role in closing deals.

  3. Some areas are experiencing longer listing periods.

    • Yonge & St. Clair stood out for having the longest average DOM at 81 days, which could indicate that sellers need to adjust expectations or improve pricing strategies.

  4. The Annex is a competitive hotspot.

    • With two-thirds of properties selling above list price and a fast turnaround time, buyers looking in the Annex need to move quickly and come prepared with strong offers.

  5. Pricing strategy is everything.

    • While some properties sold above list price, others sat for weeks. The right listing price, combined with a strategic marketing plan, is crucial in today’s market to attract serious buyers.

Final Thoughts

Last week’s numbers confirm that Midtown and Uptown Toronto’s real estate market remains diverse and highly localized. Some neighbourhoods are seeing fast-moving sales, while others require patience and a strong marketing approach. If you’re thinking about buying, selling, or investing in Midtown or Uptown Toronto, having the right strategy is key to success.

If you have questions about how to navigate this market, or if you’re wondering how much your home is worth right now, let’s connect. I’d love to help you love where you live.

Call or text: (647) 277-4617
Email: hello@yolevski.com