December 2008- Lawrence Park Market Report and Average Sale Price
Comparing home sales in Lawrence Park between July and November 2007 to the same period in 2008.
Last year there were 25 homes sold, versus 14 in 2008, for a 44% drop. The average sale price also saw a decline of 6% from $1,927,000 to $1,810,000.
The median sale price dropped as well, from $1,713,000 to $1,640,000 or 4 per cent.
The sale price as a percentage of the listing price (asking) showed for the first time a more noticeable adjustment from 100 to 94 per cent. Days on the market remained almost unchanged from 20 to 21 days.
Both downward trends in the average and median sale price in Lawrence Park show that this area is no longer able to defy the declining trends we have been observing throughout Toronto.
Lawrence Park – Average and Median Sale Price, Days on the Market.
|
June to November 2007 |
June to November 2008 |
% Change |
||
| Number of Sales |
25 |
Number of Sales |
14 |
Down 44% |
| Average Sale Price |
$1,927,000 |
Average Sale Price |
$1,810,000 |
Down 6% |
| Median sale Price |
$1,713,000 |
Median sale Price |
$1,640,000 |
Down 4% |
| % of List Price |
100% |
% of List Price |
94% |
Down 6% |
| Days on the Market |
20 |
Days on the Market |
21 |
Up 5% |
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
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