Scarborough Real Estate Statistics

Scarborough Real Estate Price Trend
Scarborough real estate average sold price in the last 30 days (February 18 - March 18) was $930,138, which is $11,344 (1.2%) lower than the average price of $941,482 in the previous 30 day period (January 19 - February 17), and $26,369 (2.8%) down from the same period 1 year ago ($956,507). Scarborough real estate prices over the last 30 days are also $19,817 (2.1%) lower than the average selling price of $949,955 over the past year.
Scarborough average sold price for homes was $1,186,228 in the last 30 days (February 18 - March 18), which is $29,236 (2.5%) down from the average home price of $1,215,464 in the previous 30 day period (January 19 - February 17), and $68,388 (5.8%) lower than the same period 1 year ago ($1,254,616). In the last 30 days Scarborough the average home price was $7,736 (0.7%) lower than the average selling price of $1,193,964 over the last 12 months.
Average Scarborough condo sold price over the last 30 days (February 18 - March 18) was $576,338. During this period it was $10,666 (1.9%) up from the average price of condo of $565,672 during the previous 30 days (January 19 - February 17), and $10,493 (1.8%) higher compared to the same period 1 year ago ($565,845). In the last 30 days Scarborough the average condo price was $2,494 (0.4%) lower than the average selling price of $578,832 over the last year.
Average sold price of Scarborough townhouse was $819,105 in the last 30 days (February 18 - March 18), down $14,193 (1.7%) from the average townhome price of $833,298 over the previous 30 days (January 19 - February 17), and $8,922 (1.1%) higher than during to the same period 1 year ago ($810,183). Over the last 30 days the average townhouse price in Scarborough was $14,377 (1.8%) higher compared to the average selling price of $804,728 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Scarborough real estate was $930,138 in the last 30 days (February 18 - March 18), which is collectively $34,001 (3.5%) higher than the average asking price of $983,434. This represents an increase of $19,835 (140.0%) compared to $14,166 (1.5%) Sold-Over-Asking price from the previous 30 day period (January 19 - February 17).
The maximum Sold Over/Under Asking ratio in Scarborough during the last 12 months was recorded in May, 2023 with an average of $95,165 over the asking price, while the minimum occurring in December, 2023 with $15,777 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Scarborough was 66.0% with 510 properties sold and 647 new properties listed in the past 30 days (February 18 - March 18). This represents a decrease from 66.2% recorded during the previous 30 day period (January 19 - February 17), and an increase from 65.5% compared to the same period one year ago.
Over the the last year the highest SNLR in Scarborough was 99.0% recorded in July and the lowest was in September at 39.2%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 510 properties that were successfully sold in Scarborough in the last 30 days (February 18 - March 18) was 20 days, which is 5 days less than 25 days average in the previous 30 day period (January 19 - February 17) and 4 days longer than during the same period a year ago (16 days).
There were 310 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (February 18 - March 18) with an average of 54 days on the market. This is 7 days shorter than the average of 61 days during the previous 30 day period (January 19 - February 17) and 9 days more compared to the same period last year average of 45 days on the market.
310 Scarborough properties that didn't sell stayed on the market 170.0% longer than 510 that sucessfully sold over the last 30 days - 20 days when sold vs 54 days when delisted respectively.
Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 18.4 days, with 44.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
773 new properties were listed on the market in Scarborough in the last 30 days (February 18 - March 18). During the same time 510 properties were sold and 310 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 47 properties (or 6.1%).
During the previous 30 day period (January 19 - February 17) there were 647 new properties listed, 428 sold and 301 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 1,086 new properties listed, the slowest - December with 307 new listings and a yearly average of 774 new listings per month.
New Real Estate Listings by Property Type
There were a total of 377 homes listed during the last 30 days (February 18 - March 18), which is 48.8% of all properties listed in Scarborough. This is a 23.2% increase compared with a previous 30 day period (January 19 - February 17) and 25.7% up from the same period a year ago. Over the past year an average of 403 homes are were listed per month.
276 condo units were listed in the last 30 days (February 18 - March 18) in Scarborough, which represents 35.7% of all new listings. This is up 8.7% from the prior 30 day period (January 19 - February 17) and 8.2% more compared to the same period last year. There were 267 condos listed per month on average during the last 12 months.
120 townhomes were listed over the last 30 days (February 18 - March 18) in Scarborough, which is 15.5% of all new real estate inventory. This is a 37.9% more than during the previous 30 day period (January 19 - February 17) and 51.9% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 105 a month.
Real Estate Sales by Property Type
There were a total of 266 homes sold during the last 30 days (February 18 - March 18), which is 52.2% of all properties sold in Scarborough. This is a 19.8% increase compared with a previous 30 day period (January 19 - February 17) and 22.0% up from the same period a year ago. Over the past year an average of 285 homes are were sold per month.
169 condo units were sold in the last 30 days (February 18 - March 18) in Scarborough, which represents 33.1% of all sold properties. This is up 17.4% from the prior 30 day period (January 19 - February 17) and 14.2% more compared to the same period last year. There were 161 condos sold per month on average during the last 12 months.
75 townhomes were sold over the last 30 days (February 18 - March 18) in Scarborough, which is 14.7% of all sold real estate. This is a 21.0% more than during the previous 30 day period (January 19 - February 17) and 53.1% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 67 a month.
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