Scarborough Real Estate Statistics

Scarborough real estate average sold price in the last 30 days (January 21 - February 19) was $958,096, which is $90,172 (9.4%) higher than the average price of $867,924 in the previous 30 day period (December 22 - January 20), and $18,665 (1.9%) up from the same period 1 year ago ($939,431). Scarborough real estate prices over the last 30 days are also $11,219 (1.2%) higher than the average selling price of $946,877 over the past year.

Scarborough average sold price for homes was $1,155,895 in the last 30 days (January 21 - February 19), which is $12,246 (1.1%) up from the average home price of $1,143,649 in the previous 30 day period (December 22 - January 20), and $63,361 (5.5%) lower than the same period 1 year ago ($1,219,256). In the last 30 days Scarborough the average home price was $31,684 (2.7%) lower than the average selling price of $1,187,579 over the last 12 months.

Average Scarborough condo sold price over the last 30 days (January 21 - February 19) was $540,346. During this period it was $883 (0.2%) up from the average price of condo of $539,463 during the previous 30 days (December 22 - January 20), and $28,178 (5.2%) lower compared to the same period 1 year ago ($568,524). In the last 30 days Scarborough the average condo price was $23,862 (4.4%) lower than the average selling price of $564,208 over the last year.

Average sold price of Scarborough townhouse was $828,172 in the last 30 days (January 21 - February 19), up $53,457 (6.5%) from the average townhome price of $774,715 over the previous 30 days (December 22 - January 20), and $1,161 (0.1%) higher than during to the same period 1 year ago ($827,011). Over the last 30 days the average townhouse price in Scarborough was $30,011 (3.6%) higher compared to the average selling price of $798,161 over the last 12 months.

Average selling price for Scarborough real estate was $958,096 in the last 30 days (January 21 - February 19), which is collectively $18,571 (2.0%) higher than the average asking price of $932,417. This represents an increase of $19,937 (1,459.5%) compared to $1,366 (0.1%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 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 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 36.8% with 308 properties sold and 486 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 54.3% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 62.7% 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 308 properties that were successfully sold in Scarborough in the last 30 days (January 21 - February 19) was 27 days, which is 10 days less than 37 days average in the previous 30 day period (December 22 - January 20) and 2 days longer than during the same period a year ago (25 days).

There were 378 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 59 days on the market. This is 17 days shorter than the average of 76 days during the previous 30 day period (December 22 - January 20) and 2 days less compared to the same period last year average of 61 days on the market.

378 Scarborough properties that didn't sell stayed on the market 118.5% longer than 308 that sucessfully sold over the last 30 days - 27 days when sold vs 59 days when delisted respectively.

Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 22.8 days, with 51.2 days for those properties that did not sell.

836 new properties were listed on the market in Scarborough in the last 30 days (January 21 - February 19). During the same time 308 properties were sold and 378 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 150 properties (or 17.9%).

During the previous 30 day period (December 22 - January 20) there were 486 new properties listed, 264 sold and 442 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 912 new listings per month.

There were a total of 398 homes listed during the last 30 days (January 21 - February 19), which is 47.6% of all properties listed in Scarborough. This is a 84.3% increase compared with a previous 30 day period (December 22 - January 20) and 28.0% up from the same period a year ago. Over the past year an average of 475 homes are were listed per month.

314 condo units were listed in the last 30 days (January 21 - February 19) in Scarborough, which represents 37.6% of all new listings. This is up 54.7% from the prior 30 day period (December 22 - January 20) and 22.2% more compared to the same period last year. There were 311 condos listed per month on average during the last 12 months.

124 townhomes were listed over the last 30 days (January 21 - February 19) in Scarborough, which is 14.8% of all new real estate inventory. This is a 85.1% more than during the previous 30 day period (December 22 - January 20) and 39.3% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 126 a month.

There were a total of 195 homes sold during the last 30 days (January 21 - February 19), which is 63.3% of all properties sold in Scarborough. This is a 54.8% increase compared with a previous 30 day period (December 22 - January 20) and 7.6% down from the same period a year ago. Over the past year an average of 266 homes are were sold per month.

83 condo units were sold in the last 30 days (January 21 - February 19) in Scarborough, which represents 26.9% of all sold properties. This is down 10.8% from the prior 30 day period (December 22 - January 20) and 41.1% less compared to the same period last year. There were 144 condos sold per month on average during the last 12 months.

30 townhomes were sold over the last 30 days (January 21 - February 19) in Scarborough, which is 9.7% of all sold real estate. This is a 33.3% less than during the previous 30 day period (December 22 - January 20) and 50.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 60 a month.