Scarborough Real Estate Statistics

Scarborough real estate average sold price in the last 30 days (December 18 - January 16) was $864,575, which is $64,332 (7.4%) lower than the average price of $928,907 in the previous 30 day period (November 18 - December 17), and $39,597 (4.6%) down from the same period 1 year ago ($904,172). Scarborough real estate prices over the last 30 days are also $82,036 (9.5%) lower than the average selling price of $946,611 over the past year.

Scarborough average sold price for homes was $1,123,180 in the last 30 days (December 18 - January 16), which is $18,129 (1.6%) down from the average home price of $1,141,309 in the previous 30 day period (November 18 - December 17), and $50,399 (4.5%) lower than the same period 1 year ago ($1,173,579). In the last 30 days Scarborough the average home price was $64,027 (5.7%) lower than the average selling price of $1,187,207 over the last 12 months.

Average Scarborough condo sold price over the last 30 days (December 18 - January 16) was $526,590. During this period it was $47,804 (9.1%) down from the average price of condo of $574,394 during the previous 30 days (November 18 - December 17), and $38,452 (7.3%) lower compared to the same period 1 year ago ($565,042). In the last 30 days Scarborough the average condo price was $38,905 (7.4%) lower than the average selling price of $565,495 over the last year.

Average sold price of Scarborough townhouse was $760,155 in the last 30 days (December 18 - January 16), down $8,066 (1.1%) from the average townhome price of $768,221 over the previous 30 days (November 18 - December 17), and $17,051 (2.2%) higher than during to the same period 1 year ago ($743,104). Over the last 30 days the average townhouse price in Scarborough was $36,577 (4.8%) lower compared to the average selling price of $796,732 over the last 12 months.

Average selling price for Scarborough real estate was $864,575 in the last 30 days (December 18 - January 16), which is collectively $4,909 (0.5%) lower than the average asking price of $927,058. This represents a decline of $85 (1.8%) compared to $4,824 (0.5%) Sold-Under-Asking price from the previous 30 day period (November 18 - December 17).

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 November, 2024 with $9,726 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 68.1% with 307 properties sold and 602 new properties listed in the past 30 days (December 18 - January 16). This represents a decrease from 73.9% recorded during the previous 30 day period (November 18 - December 17), and a decrease from 79.8% compared to the same period one year ago.

Over the the last year the highest SNLR in Scarborough was 88.1% 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 307 properties that were successfully sold in Scarborough in the last 30 days (December 18 - January 16) was 36 days, which is 7 days more than 29 days average in the previous 30 day period (November 18 - December 17) and 1 days longer than during the same period a year ago (35 days).

There were 460 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (December 18 - January 16) with an average of 75 days on the market. This is 12 days longer than the average of 63 days during the previous 30 day period (November 18 - December 17) and 7 days more compared to the same period last year average of 68 days on the market.

460 Scarborough properties that didn't sell stayed on the market 108.3% longer than 307 that sucessfully sold over the last 30 days - 36 days when sold vs 75 days when delisted respectively.

Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 22.6 days, with 51.2 days for those properties that did not sell.

451 new properties were listed on the market in Scarborough in the last 30 days (December 18 - January 16). During the same time 307 properties were sold and 460 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 316 properties (or 70.1%).

During the previous 30 day period (November 18 - December 17) there were 602 new properties listed, 445 sold and 548 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 387 new listings and a yearly average of 897 new listings per month.

There were a total of 208 homes listed during the last 30 days (December 18 - January 16), which is 46.1% of all properties listed in Scarborough. This is a 26.8% decline compared with a previous 30 day period (November 18 - December 17) and 47.5% up from the same period a year ago. Over the past year an average of 468 homes are were listed per month.

183 condo units were listed in the last 30 days (December 18 - January 16) in Scarborough, which represents 40.6% of all new listings. This is down 20.1% from the prior 30 day period (November 18 - December 17) and 26.2% more compared to the same period last year. There were 305 condos listed per month on average during the last 12 months.

60 townhomes were listed over the last 30 days (December 18 - January 16) in Scarborough, which is 13.3% of all new real estate inventory. This is a 32.6% less than during the previous 30 day period (November 18 - December 17) and 9.1% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 124 a month.

There were a total of 152 homes sold during the last 30 days (December 18 - January 16), which is 49.5% of all properties sold in Scarborough. This is a 40.2% decline compared with a previous 30 day period (November 18 - December 17) and 9.4% up from the same period a year ago. Over the past year an average of 268 homes are were sold per month.

99 condo units were sold in the last 30 days (December 18 - January 16) in Scarborough, which represents 32.2% of all sold properties. This is down 17.5% from the prior 30 day period (November 18 - December 17) and 10.0% more compared to the same period last year. There were 145 condos sold per month on average during the last 12 months.

56 townhomes were sold over the last 30 days (December 18 - January 16) in Scarborough, which is 18.2% of all sold real estate. This is a 21.1% less than during the previous 30 day period (November 18 - December 17) and 30.2% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 61 a month.