Lawrence Park Homes for Sale and Sold – June 2008

by Rosalin Smith Carr

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92 Glengowan		105 Stratford		28 Glengowan		128 Buckingham

Lawrence Park June 2008 homes for sale and sold
No	Street	Type	Bdrms	List Price	No	Street	Type	Bdrms	List Price
202	Dinnick	Detached	4	995000
93	Dinnick	Detached	5	1595000	280	St Leonard’s	Detached	4	2195000
68	Glengowan	Detached	4	1669900	128	Buckingham	Detached	4	2295000
5	Garland	Detached	4	1695000	50	Cheltenham	Detached	4	2395000
28	Glengowan	Detached	4	1695000	127	Stratford	Detached	4	2595000
35	Strathgowan	Detached	3	1749900	22	St Leonard’s	Detached	3	2850000
270	Dawlish	Detached	4	1779000	62	Glengowan	Detached	4	2995000
233	St Leonard’s	Detached	4	1795000	25	Lewes	Detached	4	3050000
65	Buckingham	Detached	6	1995000	105	Stratford	Detached	4	3075000
20	Buckingham	Detached	5	1995000	164	Rochester	Detached	5	3195000
46	Cheltenham	Detached	3	2049000	233	St Leonard’s	Detached	4	3895000
2	St Leonard’s	Detached	3	2090000	92	Glengowan	Detached	5	4100000
42	Glenallan	Detached	5	2099000	41	Stratheden	Detached	4	4895000

There are 25 homes available for sale in Lawrence Park. Inventory of homes for sale has increased since last year. This neighbourhood is shifting from a sellers to a buyers market. However, prices are holding strong.

Six homes sold in May 2008 at an average price of $ 2,872,333. The lowest sale price was $1,769,000 and the highest was $4,475,000. The average selling time was 23 days. In May 2007 there were Nine sales at an average price of $1,939,778. The lowest sale price was $1,225,000 and the highest was $3,250,000.

In May 2008 one home sold above the asking price while the other five sold below the asking price. I consider this to be an indicator of prices beginning to soften.

The number of buyers has dropped considerably as the 35 percent sales to listing ratio shows. This ratio is the number of homes sold as a percentage of the number of homes currently available for sale. Throughout 2007 this ratio stayed in the 80 to 90 percent range for most of the year.

The homes shown here are MLS listings by various broker companies, sales representatives and broker members of the Toronto Real Estate Board. For more information on any of these homes send us an email.