Scarborough Real Estate Statistics

Scarborough real estate average sold price in the last 30 days (September 11 - October 10) was $962,258, which is $44,726 (4.6%) higher than the average price of $917,532 in the previous 30 day period (August 12 - September 10), and $41,842 (4.3%) up from the same period 1 year ago ($920,416). Scarborough real estate prices over the last 30 days are also $9,743 (1.0%) higher than the average selling price of $952,515 over the past year.

Scarborough average sold price for homes was $1,176,462 in the last 30 days (September 11 - October 10), which is $34,808 (3.0%) up from the average home price of $1,141,654 in the previous 30 day period (August 12 - September 10), and $82,508 (7.0%) higher than the same period 1 year ago ($1,093,954). In the last 30 days Scarborough the average home price was $6,727 (0.6%) lower than the average selling price of $1,183,189 over the last 12 months.

Average Scarborough condo sold price over the last 30 days (September 11 - October 10) was $556,711. During this period it was $4,777 (0.9%) up from the average price of condo of $551,934 during the previous 30 days (August 12 - September 10), and $3,572 (0.6%) lower compared to the same period 1 year ago ($560,283). In the last 30 days Scarborough the average condo price was $16,434 (3.0%) lower than the average selling price of $573,145 over the last year.

Average sold price of Scarborough townhouse was $838,389 in the last 30 days (September 11 - October 10), up $61,898 (7.4%) from the average townhome price of $776,491 over the previous 30 days (August 12 - September 10), and $6,109 (0.7%) higher than during to the same period 1 year ago ($832,280). Over the last 30 days the average townhouse price in Scarborough was $39,230 (4.7%) higher compared to the average selling price of $799,159 over the last 12 months.

Average selling price for Scarborough real estate was $962,258 in the last 30 days (September 11 - October 10), which is collectively $18,687 (1.9%) higher than the average asking price of $996,771. This represents an increase of $19,828 (1,737.8%) compared to $1,141 (0.1%) Sold-Under-Asking price from the previous 30 day period (August 12 - September 10).

The maximum Sold Over/Under Asking ratio in Scarborough during the last 12 months was recorded in May, 2024 with an average of $62,042 over the asking price, while the minimum occurring in December, 2023 with $15,777 below the asking price.

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 43.6% with 535 properties sold and 996 new properties listed in the past 30 days (September 11 - October 10). This represents an increase from 41.4% recorded during the previous 30 day period (August 12 - September 10), and a decrease from 44.6% compared to the same period one year ago.

Over the the last year the highest SNLR in Scarborough was 97.4% recorded in December and the lowest was in September at 34.1%. 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.

The Average Days on the Market (DOM) for 535 properties that were successfully sold in Scarborough in the last 30 days (September 11 - October 10) was 23 days, which is 3 days less than 26 days average in the previous 30 day period (August 12 - September 10) and 4 days longer than during the same period a year ago (19 days).

There were 696 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (September 11 - October 10) with an average of 48 days on the market. This is 4 days shorter than the average of 52 days during the previous 30 day period (August 12 - September 10) and 6 days more compared to the same period last year average of 42 days on the market.

696 Scarborough properties that didn't sell stayed on the market 108.7% longer than 535 that sucessfully sold over the last 30 days - 23 days when sold vs 48 days when delisted respectively.

Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 21.7 days, with 48.5 days for those properties that did not sell.

1,227 new properties were listed on the market in Scarborough in the last 30 days (September 11 - October 10). During the same time 535 properties were sold and 696 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 4 properties (or 0.3%).

During the previous 30 day period (August 12 - September 10) there were 996 new properties listed, 412 sold and 650 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 1,227 new properties listed, the slowest - December with 307 new listings and a yearly average of 881 new listings per month.

There were a total of 670 homes listed during the last 30 days (September 11 - October 10), which is 54.6% of all properties listed in Scarborough. This is a 39.3% increase compared with a previous 30 day period (August 12 - September 10) and 2.3% up from the same period a year ago. Over the past year an average of 462 homes are were listed per month.

388 condo units were listed in the last 30 days (September 11 - October 10) in Scarborough, which represents 31.6% of all new listings. This is up 5.1% from the prior 30 day period (August 12 - September 10) and 17.2% more compared to the same period last year. There were 301 condos listed per month on average during the last 12 months.

169 townhomes were listed over the last 30 days (September 11 - October 10) in Scarborough, which is 13.8% of all new real estate inventory. This is a 15.8% more than during the previous 30 day period (August 12 - September 10) and 44.4% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 117 a month.

There were a total of 326 homes sold during the last 30 days (September 11 - October 10), which is 60.9% of all properties sold in Scarborough. This is a 38.1% increase compared with a previous 30 day period (August 12 - September 10) and 6.9% up from the same period a year ago. Over the past year an average of 262 homes are were sold per month.

156 condo units were sold in the last 30 days (September 11 - October 10) in Scarborough, which represents 29.2% of all sold properties. This is up 24.8% from the prior 30 day period (August 12 - September 10) and 16.4% more compared to the same period last year. There were 137 condos sold per month on average during the last 12 months.

53 townhomes were sold over the last 30 days (September 11 - October 10) in Scarborough, which is 9.9% of all sold real estate. This is a 3.9% more than during the previous 30 day period (August 12 - September 10) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 55 a month.