Scarborough Real Estate Statistics

Scarborough Real Estate Price Trend
Scarborough real estate average sold price in the last 30 days (June 28 - July 27) was $942,950, which is $54,263 (5.8 %) higher than the average price of $888,687 in the previous 30 day period (May 29 - June 27), and $123,373 (13.1 %) up from the same period 1 year ago ($819,577). Scarborough real estate prices over the last 30 days are also $75,552 (8.0 %) higher than the average selling price of $867,398 over the past year.
Scarborough average sold price for homes was $1,190,156 in the last 30 days (June 28 - July 27), which is $46,042 (3.9 %) up from the average home price of $1,144,114 in the previous 30 day period (May 29 - June 27), and $164,476 (13.8 %) higher than the same period 1 year ago ($1,025,680). In the last 30 days Scarborough the average home price was $75,600 (6.4 %) higher than the average selling price of $1,114,556 over the last 12 months.
Average Scarborough condo sold price over the last 30 days (June 28 - July 27) was $551,802. During this period it was $11,340 (2.1 %) up from the average price of condo of $540,462 during the previous 30 days (May 29 - June 27), and $68,411 (12.4 %) higher compared to the same period 1 year ago ($483,391). In the last 30 days Scarborough the average condo price was $47,075 (8.5 %) higher than the average selling price of $504,727 over the last year.
Average sold price of Scarborough townhouse was $767,140 in the last 30 days (June 28 - July 27), up $7,066 (0.9 %) from the average townhome price of $760,074 over the previous 30 days (May 29 - June 27), and $103,598 (13.5 %) higher than during to the same period 1 year ago ($663,542). Over the last 30 days the average townhouse price in Scarborough was $58,657 (7.6 %) higher compared to the average selling price of $708,483 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Scarborough real estate was $942,950 in the last 30 days (June 28 - July 27), which is collectively $52,694 (6.2 %) higher than the average asking price of $852,869. This represents a decline of $1,719 (3.2 %) compared to $54,413 (6.0 %) Sold-Over-Asking price from the previous 30 day period (May 29 - June 27).
The maximum Sold Over/Under Asking ratio in Scarborough during the last 12 months was recorded in March, 2021 with an average of $105,294 over the asking price, while the minimum occurring in November, 2020 with $18,339 above the asking price.
Sales to New Listings Ratio
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 112.6 % with 775 properties sold and 1,187 new properties listed in the past 30 days (June 28 - July 27). This represents an increase from 68.6 % recorded during the previous 30 day period (May 29 - June 27), and an increase from 65.4 % compared to the same period one year ago.
Over the the last year the highest SNLR in Scarborough was 143.2 % recorded in December and the lowest was in September at 60.2 %. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 775 properties that were successfully sold in Scarborough in the last 30 days (June 28 - July 27) was 13 days, which is 2 days more than 11 days average in the previous 30 day period (May 29 - June 27) and 1 days longer than during the same period a year ago (12 days).
There were 408 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (June 28 - July 27) with an average of 32 days on the market. This is 5 days longer than the average of 27 days during the previous 30 day period (May 29 - June 27) and 2 days more compared to the same period last year average of 30 days on the market.
408 Scarborough properties that didn't sell stayed on the market 146.2 % longer than 775 that sucessfully sold over the last 30 days - 13 days when sold vs 32 days when delisted respectively.
Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 13.1 days, with 33.3 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
688 new properties were listed on the market in Scarborough in the last 30 days (June 28 - July 27). During the same time 775 properties were sold and 408 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 495 properties (or 71.9 %).
During the previous 30 day period (May 29 - June 27) there were 1,187 new properties listed, 814 sold and 478 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 1,474 new properties listed, the slowest - December with 421 new listings and a yearly average of 1,099 new listings per month.
New Real Estate Listings by Property Type
There were a total of 314 homes listed during the last 30 days (June 28 - July 27), which is 45.6 % of all properties listed in Scarborough. This is a 50.0 % decline compared with a previous 30 day period (May 29 - June 27) and 44.7 % down from the same period a year ago. Over the past year an average of 600 homes are were listed per month.
260 condo units were listed in the last 30 days (June 28 - July 27) in Scarborough, which represents 37.8 % of all new listings. This is down 31.6 % from the prior 30 day period (May 29 - June 27) and 34.3 % less compared to the same period last year. There were 336 condos listed per month on average during the last 12 months.
114 townhomes were listed over the last 30 days (June 28 - July 27) in Scarborough, which is 16.6 % of all new real estate inventory. This is a 36.3 % less than during the previous 30 day period (May 29 - June 27) and 25.5 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 163 a month.
Real Estate Sales by Property Type
There were a total of 429 homes sold during the last 30 days (June 28 - July 27), which is 55.4 % of all properties sold in Scarborough. This is a 1.4 % increase compared with a previous 30 day period (May 29 - June 27) and 2.1 % up from the same period a year ago. Over the past year an average of 459 homes are were sold per month.
210 condo units were sold in the last 30 days (June 28 - July 27) in Scarborough, which represents 27.1 % of all sold properties. This is down 20.2 % from the prior 30 day period (May 29 - June 27) and 0.9 % less compared to the same period last year. There were 246 condos sold per month on average during the last 12 months.
136 townhomes were sold over the last 30 days (June 28 - July 27) in Scarborough, which is 17.5 % of all sold real estate. This is a 6.2 % more than during the previous 30 day period (May 29 - June 27) and 38.8 % increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 124 a month.
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