Scarborough Real Estate Statistics

Scarborough real estate average sold price in the last 30 days (March 10 - April 8) was $931,000, which is $12,205 (1.3%) lower than the average price of $943,205 in the previous 30 day period (February 9 - March 9), and $14,359 (1.5%) down from the same period 1 year ago ($945,359). Scarborough real estate prices over the last 30 days are also $18,126 (1.9%) lower than the average selling price of $949,126 over the past year.

Scarborough average sold price for homes was $1,210,358 in the last 30 days (March 10 - April 8), which is $6,509 (0.5%) up from the average home price of $1,203,849 in the previous 30 day period (February 9 - March 9), and $14,324 (1.2%) lower than the same period 1 year ago ($1,224,682). In the last 30 days Scarborough the average home price was $19,217 (1.6%) higher than the average selling price of $1,191,141 over the last 12 months.

Average Scarborough condo sold price over the last 30 days (March 10 - April 8) was $575,093. During this period it was $442 (0.1%) down from the average price of condo of $575,535 during the previous 30 days (February 9 - March 9), and $1,656 (0.3%) lower compared to the same period 1 year ago ($576,749). In the last 30 days Scarborough the average condo price was $3,976 (0.7%) lower than the average selling price of $579,069 over the last year.

Average sold price of Scarborough townhouse was $794,243 in the last 30 days (March 10 - April 8), down $39,200 (4.9%) from the average townhome price of $833,443 over the previous 30 days (February 9 - March 9), and $45,293 (5.7%) lower than during to the same period 1 year ago ($839,536). Over the last 30 days the average townhouse price in Scarborough was $8,098 (1.0%) lower compared to the average selling price of $802,340 over the last 12 months.

Average selling price for Scarborough real estate was $931,000 in the last 30 days (March 10 - April 8), which is collectively $49,191 (5.1%) higher than the average asking price of $961,510. This represents an increase of $17,727 (56.3%) compared to $31,464 (3.2%) Sold-Over-Asking price from the previous 30 day period (February 9 - March 9).

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 (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 79.2% with 616 properties sold and 769 new properties listed in the past 30 days (March 10 - April 8). This represents an increase from 64.4% recorded during the previous 30 day period (February 9 - March 9), and an increase from 77.8% 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.

The Average Days on the Market (DOM) for 616 properties that were successfully sold in Scarborough in the last 30 days (March 10 - April 8) was 19 days, which is 1 days less than 20 days average in the previous 30 day period (February 9 - March 9) and 6 days longer than during the same period a year ago (13 days).

There were 444 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (March 10 - April 8) with an average of 49 days on the market. This is 11 days shorter than the average of 60 days during the previous 30 day period (February 9 - March 9) and 6 days more compared to the same period last year average of 43 days on the market.

444 Scarborough properties that didn't sell stayed on the market 157.9% longer than 616 that sucessfully sold over the last 30 days - 19 days when sold vs 49 days when delisted respectively.

Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 19.0 days, with 45.3 days for those properties that did not sell.

778 new properties were listed on the market in Scarborough in the last 30 days (March 10 - April 8). During the same time 616 properties were sold and 444 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 282 properties (or 36.2%).

During the previous 30 day period (February 9 - March 9) there were 769 new properties listed, 495 sold and 281 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 779 new listings per month.

There were a total of 400 homes listed during the last 30 days (March 10 - April 8), which is 51.4% of all properties listed in Scarborough. This is a 7.2% increase compared with a previous 30 day period (February 9 - March 9) and 20.5% up from the same period a year ago. Over the past year an average of 405 homes are were listed per month.

279 condo units were listed in the last 30 days (March 10 - April 8) in Scarborough, which represents 35.9% of all new listings. This is down 0.7% from the prior 30 day period (February 9 - March 9) and 6.9% more compared to the same period last year. There were 267 condos listed per month on average during the last 12 months.

99 townhomes were listed over the last 30 days (March 10 - April 8) in Scarborough, which is 12.7% of all new real estate inventory. This is a 13.9% less than during the previous 30 day period (February 9 - March 9) and 4.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 107 a month.

There were a total of 322 homes sold during the last 30 days (March 10 - April 8), which is 52.3% of all properties sold in Scarborough. This is a 25.8% increase compared with a previous 30 day period (February 9 - March 9) and 15.8% up from the same period a year ago. Over the past year an average of 284 homes are were sold per month.

227 condo units were sold in the last 30 days (March 10 - April 8) in Scarborough, which represents 36.9% of all sold properties. This is up 44.6% from the prior 30 day period (February 9 - March 9) and 18.2% more compared to the same period last year. There were 159 condos sold per month on average during the last 12 months.

67 townhomes were sold over the last 30 days (March 10 - April 8) in Scarborough, which is 10.9% of all sold real estate. This is a 18.3% less than during the previous 30 day period (February 9 - March 9) and 3.1% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 67 a month.