Scarborough Real Estate for Sale
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About Scarborough Real Estate
Located on the east side of Toronto, the region of Scarborough is home to a culturally diverse community, a wide selection of amenities and extraordinary natural scenery. It’s these attributes and more that have led to Scarborough being a popular place to purchase a home, condo, or townhouse. Property prices are generally much lower in Scarborough than that of Toronto, but you are also only a half hour subway ride away from downtown Toronto, which makes for a quick commute for work or fun. Scarborough real estate attracts families, working professionals, couples, retirees, and investors, as it’s an area that is in high demand due to its proximity to Toronto. Buying real estate in Scarborough is a worthwhile investment that is sure to pay dividends down the road.
Understanding the Scarborough Real Estate Market
Owning real estate in Scarborough means you are part of a buzzing metropolis, but you are also right next to the Scarborough Bluffs, which are giant clay cliffs that allow you to take in the beauty of Lake Ontario. Scarborough also has a number of large parks and green spaces to enjoy. The region is also working on its cycling infrastructure to encourage more people to bike to work or school instead of driving. Scarborough is home to a variety of authentic restaurants that showcase the cultural diversity in the area. To go along with incredible restaurants, bars, bistros and a booming nightlife, Scarborough is also home to the largest zoo in Canada – the Toronto Zoo. Real estate in Scarborough doesn’t sit on the market long, so get it while you can!
Scarborough Real Estate Statistics
Scarborough real estate average sold price in the last 30 days (January 21 - February 19) was $958,096, which is $90,172 (9.4%) higher than the average price of $867,924 in the previous 30 day period (December 22 - January 20), and $18,665 (1.9%) up from the same period 1 year ago ($939,431). Scarborough real estate prices over the last 30 days are also $13,176 (1.4%) higher than the average selling price of $944,920 over the past year.
Scarborough average sold price for homes was $1,155,895 in the last 30 days (January 21 - February 19), which is $12,246 (1.1%) up from the average home price of $1,143,649 in the previous 30 day period (December 22 - January 20), and $63,361 (5.5%) lower than the same period 1 year ago ($1,219,256). In the last 30 days Scarborough the average home price was $28,572 (2.5%) lower than the average selling price of $1,184,467 over the last 12 months.
Average Scarborough condo sold price over the last 30 days (January 21 - February 19) was $540,346. During this period it was $883 (0.2%) up from the average price of condo of $539,463 during the previous 30 days (December 22 - January 20), and $28,178 (5.2%) lower compared to the same period 1 year ago ($568,524). In the last 30 days Scarborough the average condo price was $22,745 (4.2%) lower than the average selling price of $563,091 over the last year.
Average sold price of Scarborough townhouse was $828,172 in the last 30 days (January 21 - February 19), up $53,457 (6.5%) from the average townhome price of $774,715 over the previous 30 days (December 22 - January 20), and $1,161 (0.1%) higher than during to the same period 1 year ago ($827,011). Over the last 30 days the average townhouse price in Scarborough was $35,681 (4.3%) higher compared to the average selling price of $792,491 over the last 12 months.
Scarborough Condos (413)
Scarborough Townhomes (122)
Scarborough Homes (424)
Scarborough Rentals (365)
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