Scarborough Real Estate Statistics

Scarborough real estate average sold price in the last 30 days (October 21 - November 19) was $918,199, which is $49,752 (5.4%) lower than the average price of $967,951 in the previous 30 day period (September 21 - October 20), and $48,841 (5.3%) down from the same period 1 year ago ($967,040). Scarborough real estate prices over the last 30 days are also $33,765 (3.7%) lower than the average selling price of $951,964 over the past year.

Scarborough average sold price for homes was $1,158,566 in the last 30 days (October 21 - November 19), which is $32,115 (2.8%) down from the average home price of $1,190,681 in the previous 30 day period (September 21 - October 20), and $2,707 (0.2%) higher than the same period 1 year ago ($1,155,859). In the last 30 days Scarborough the average home price was $27,205 (2.3%) lower than the average selling price of $1,185,771 over the last 12 months.

Average Scarborough condo sold price over the last 30 days (October 21 - November 19) was $532,879. During this period it was $16,961 (3.2%) down from the average price of condo of $549,840 during the previous 30 days (September 21 - October 20), and $38,171 (7.2%) lower compared to the same period 1 year ago ($571,050). In the last 30 days Scarborough the average condo price was $38,634 (7.3%) lower than the average selling price of $571,513 over the last year.

Average sold price of Scarborough townhouse was $726,213 in the last 30 days (October 21 - November 19), down $131,748 (18.1%) from the average townhome price of $857,961 over the previous 30 days (September 21 - October 20), and $111,209 (15.3%) lower than during to the same period 1 year ago ($837,422). Over the last 30 days the average townhouse price in Scarborough was $74,349 (10.2%) lower compared to the average selling price of $800,562 over the last 12 months.

Average selling price for Scarborough real estate was $918,199 in the last 30 days (October 21 - November 19), which is collectively $432 (0.0%) lower than the average asking price of $939,184. This represents a decline of $13,219 (103.4%) compared to $12,787 (1.3%) Sold-Over-Asking price from the previous 30 day period (September 21 - October 20).

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 55.2% with 506 properties sold and 1,078 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 46.8% recorded during the previous 30 day period (September 21 - October 20), and an increase from 44.7% 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 506 properties that were successfully sold in Scarborough in the last 30 days (October 21 - November 19) was 24 days, which is 2 days more than 22 days average in the previous 30 day period (September 21 - October 20) and 5 days longer than during the same period a year ago (19 days).

There were 653 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 53 days on the market. This is 4 days longer than the average of 49 days during the previous 30 day period (September 21 - October 20) and 8 days more compared to the same period last year average of 45 days on the market.

653 Scarborough properties that didn't sell stayed on the market 120.8% longer than 506 that sucessfully sold over the last 30 days - 24 days when sold vs 53 days when delisted respectively.

Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 21.9 days, with 49.4 days for those properties that did not sell.

916 new properties were listed on the market in Scarborough in the last 30 days (October 21 - November 19). During the same time 506 properties were sold and 653 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 243 properties (or 26.5%).

During the previous 30 day period (September 21 - October 20) there were 1,078 new properties listed, 505 sold and 587 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 892 new listings per month.

There were a total of 465 homes listed during the last 30 days (October 21 - November 19), which is 50.8% of all properties listed in Scarborough. This is a 20.5% decline compared with a previous 30 day period (September 21 - October 20) and 9.2% up from the same period a year ago. Over the past year an average of 466 homes are were listed per month.

328 condo units were listed in the last 30 days (October 21 - November 19) in Scarborough, which represents 35.8% of all new listings. This is down 0.3% from the prior 30 day period (September 21 - October 20) and 21.9% more compared to the same period last year. There were 303 condos listed per month on average during the last 12 months.

123 townhomes were listed over the last 30 days (October 21 - November 19) in Scarborough, which is 13.4% of all new real estate inventory. This is a 25.0% less than during the previous 30 day period (September 21 - October 20) and 7.9% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 123 a month.

There were a total of 294 homes sold during the last 30 days (October 21 - November 19), which is 58.1% of all properties sold in Scarborough. This is a 3.3% decline compared with a previous 30 day period (September 21 - October 20) and 27.3% up from the same period a year ago. Over the past year an average of 266 homes are were sold per month.

155 condo units were sold in the last 30 days (October 21 - November 19) in Scarborough, which represents 30.6% of all sold properties. This is up 4.7% from the prior 30 day period (September 21 - October 20) and 55.0% more compared to the same period last year. There were 141 condos sold per month on average during the last 12 months.

57 townhomes were sold over the last 30 days (October 21 - November 19) in Scarborough, which is 11.3% of all sold real estate. This is a 7.5% more than during the previous 30 day period (September 21 - October 20) and 83.9% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 56 a month.