November 2008 – Lawrence Park Market Report and Average Sale Price
Comparing home sales in Lawrence Park for the period January to October 2008 with the same period in 2007.
Last year there were 51 homes sold, versus 35 in 2008, a 35% drop, but the average sale price managed to climb 10% from $1,969,000 to $2,164,000.
The median sale price also climbed from $1,705,000 to $1,975,000, an increase of 16 percent.
The listing (asking) price as a percentage of the sale price saw a minor adjustment from 100 per cent to 99 per cent. However, it took 12 days less to sell a home in this neighbourhood.
Lawrence Park and Leaside continue to defy the trends from most other markets throughout Canada.
Lawrence Park – Average and Median Sale Price, Days on The Market
|
May to October 2007 |
May to October 2008 |
% Change |
||
| Number of Sales |
51 |
Number of Sales |
35 |
Down 35% |
| Average Sale Price |
$1,969,000 |
Average Sale Price |
$2,164,000 |
Up 10% |
| Median sale Price |
$1,705,000 |
Median sale Price |
$1,975,000 |
Up 13% |
| % of List Price |
100.92 |
% of List Price |
99.23 |
Down 1% |
| Days on the Market |
29 |
Days on the Market |
17 |
Down 41% |
Please note that because of privacy laws in Ontario, we are not able to publish individual addresses or selling prices of sold homes. Such information can only be given to you individually.
To receive complete information and details on any home sold, send me an email, or call me Rosalin Smith-Carr, at my direct line (416) 482-8330 ext. 3519
Do you know the value of your home in today’s market? Click here to receive a complete Opinion of Value by email. No one will visit.
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