For Rosedale–Moore Park real estate, the second quarter of 2016 was characterized by strong gains in the condominium sector, and modest gains in the house sector. Based on sales taking place between April 1st and June 30th, 2016, the average price of a Rosedale–Moore Park condominium was $1,066,724. This represents a 13.5% gain in price for condos in the neighbourhood from the second quarter of 2015, in which the average price was $939,387.
Buyers seeking freehold property in Rosedale–Moore Park had a lower year over year increase to deal with. In Q2 2016, the average price of a single family home was $2,493,390. The average price of the same type of property in April – June, 2015 was $2,407,223. That’s an increase of 3.5%. This more modest gain wasn’t due to lack of Buyer interest. The average number of days on the market for freehold listings in Rosedale to sell decreased from 14 in the second quarter of 2015 to 9 in the second quarter of 2016.
Toronto real estate is more than a sound investment. Any given property is also part of a community and a lifestyle. Rosedale–Moore Park offers beautiful housing stock, easy commutes and a vibrant neighbourhood. The constant presence of more Buyers than there are properties for sale fuels the rising value of the neigbourhood’s real estate.