Scarborough Real Estate Statistics

Scarborough real estate average sold price in the last 30 days (June 26 - July 25) was $968,475, which is $45,042 (4.7%) lower than the average price of $1,013,517 in the previous 30 day period (May 27 - June 25), and $620 (0.1%) up from the same period 1 year ago ($967,855). Scarborough real estate prices over the last 30 days are also $22,168 (2.3%) higher than the average selling price of $946,307 over the past year.

Scarborough average sold price for homes was $1,167,407 in the last 30 days (June 26 - July 25), which is $98,196 (8.4%) down from the average home price of $1,265,603 in the previous 30 day period (May 27 - June 25), and $30,668 (2.6%) lower than the same period 1 year ago ($1,198,075). In the last 30 days Scarborough the average home price was $12,278 (1.1%) lower than the average selling price of $1,179,685 over the last 12 months.

Average Scarborough condo sold price over the last 30 days (June 26 - July 25) was $588,772. During this period it was $21,149 (3.6%) up from the average price of condo of $567,623 during the previous 30 days (May 27 - June 25), and $6,674 (1.1%) higher compared to the same period 1 year ago ($582,098). In the last 30 days Scarborough the average condo price was $14,683 (2.5%) higher than the average selling price of $574,089 over the last year.

Average sold price of Scarborough townhouse was $771,653 in the last 30 days (June 26 - July 25), down $43,754 (5.7%) from the average townhome price of $815,407 over the previous 30 days (May 27 - June 25), and $6,048 (0.8%) higher than during to the same period 1 year ago ($765,605). Over the last 30 days the average townhouse price in Scarborough was $27,824 (3.6%) lower compared to the average selling price of $799,478 over the last 12 months.

Average selling price for Scarborough real estate was $968,475 in the last 30 days (June 26 - July 25), which is collectively $12,769 (1.3%) higher than the average asking price of $993,810. This represents a decline of $20,980 (62.2%) compared to $33,749 (3.4%) Sold-Over-Asking price from the previous 30 day period (May 27 - June 25).

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 45.2% with 471 properties sold and 1,221 new properties listed in the past 30 days (June 26 - July 25). This represents an increase from 45.0% recorded during the previous 30 day period (May 27 - June 25), and a decrease from 147.6% 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 471 properties that were successfully sold in Scarborough in the last 30 days (June 26 - July 25) was 20 days, which is 3 days more than 17 days average in the previous 30 day period (May 27 - June 25) and 5 days longer than during the same period a year ago (15 days).

There were 690 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (June 26 - July 25) with an average of 45 days on the market. This is 7 days longer than the average of 38 days during the previous 30 day period (May 27 - June 25) and 11 days more compared to the same period last year average of 34 days on the market.

690 Scarborough properties that didn't sell stayed on the market 125.0% longer than 471 that sucessfully sold over the last 30 days - 20 days when sold vs 45 days when delisted respectively.

Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 20.3 days, with 46.3 days for those properties that did not sell.

1,042 new properties were listed on the market in Scarborough in the last 30 days (June 26 - July 25). During the same time 471 properties were sold and 690 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 119 properties (or 11.4%).

During the previous 30 day period (May 27 - June 25) there were 1,221 new properties listed, 549 sold and 622 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 1,133 new properties listed, the slowest - December with 307 new listings and a yearly average of 824 new listings per month.

There were a total of 562 homes listed during the last 30 days (June 26 - July 25), which is 53.9% of all properties listed in Scarborough. This is a 20.8% decline compared with a previous 30 day period (May 27 - June 25) and 123.0% up from the same period a year ago. Over the past year an average of 430 homes are were listed per month.

355 condo units were listed in the last 30 days (June 26 - July 25) in Scarborough, which represents 34.1% of all new listings. This is up 2.6% from the prior 30 day period (May 27 - June 25) and 65.9% more compared to the same period last year. There were 283 condos listed per month on average during the last 12 months.

125 townhomes were listed over the last 30 days (June 26 - July 25) in Scarborough, which is 12.0% of all new real estate inventory. This is a 24.2% less than during the previous 30 day period (May 27 - June 25) and 78.6% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 112 a month.

There were a total of 286 homes sold during the last 30 days (June 26 - July 25), which is 60.7% of all properties sold in Scarborough. This is a 12.8% decline compared with a previous 30 day period (May 27 - June 25) and 38.1% down from the same period a year ago. Over the past year an average of 268 homes are were sold per month.

112 condo units were sold in the last 30 days (June 26 - July 25) in Scarborough, which represents 23.8% of all sold properties. This is down 28.7% from the prior 30 day period (May 27 - June 25) and 48.4% less compared to the same period last year. There were 145 condos sold per month on average during the last 12 months.

73 townhomes were sold over the last 30 days (June 26 - July 25) in Scarborough, which is 15.5% of all sold real estate. This is a 14.1% more than during the previous 30 day period (May 27 - June 25) and 34.8% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 60 a month.