Scarborough Real Estate Statistics

Scarborough Real Estate Price Trend
Scarborough real estate average sold price in the last 30 days (May 16 - June 14) was $998,495, which is $7,773 (0.8%) higher than the average price of $990,722 in the previous 30 day period (April 16 - May 15), and $19,450 (1.9%) down from the same period 1 year ago ($1,017,945). Scarborough real estate prices over the last 30 days are also $51,814 (5.2%) higher than the average selling price of $946,681 over the past year.
Scarborough average sold price for homes was $1,236,072 in the last 30 days (May 16 - June 14), which is $18,648 (1.5%) down from the average home price of $1,254,720 in the previous 30 day period (April 16 - May 15), and $76,030 (6.2%) lower than the same period 1 year ago ($1,312,102). In the last 30 days Scarborough the average home price was $51,508 (4.2%) higher than the average selling price of $1,184,564 over the last 12 months.
Average Scarborough condo sold price over the last 30 days (May 16 - June 14) was $567,778. During this period it was $10,993 (1.9%) down from the average price of condo of $578,771 during the previous 30 days (April 16 - May 15), and $21,403 (3.8%) lower compared to the same period 1 year ago ($589,181). In the last 30 days Scarborough the average condo price was $8,193 (1.4%) lower than the average selling price of $575,971 over the last year.
Average sold price of Scarborough townhouse was $819,277 in the last 30 days (May 16 - June 14), up $10,637 (1.3%) from the average townhome price of $808,640 over the previous 30 days (April 16 - May 15), and $52,707 (6.4%) lower than during to the same period 1 year ago ($871,984). Over the last 30 days the average townhouse price in Scarborough was $18,780 (2.3%) higher compared to the average selling price of $800,497 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Scarborough real estate was $998,495 in the last 30 days (May 16 - June 14), which is collectively $47,812 (4.7%) higher than the average asking price of $1,012,722. This represents a decline of $2,965 (5.8%) compared to $50,777 (5.0%) Sold-Over-Asking price from the previous 30 day period (April 16 - May 15).
The maximum Sold Over/Under Asking ratio in Scarborough during the last 12 months was recorded in June, 2023 with an average of $72,942 over the asking price, while the minimum occurring in December, 2023 with $15,777 below 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 44.7% with 523 properties sold and 1,055 new properties listed in the past 30 days (May 16 - June 14). This represents a decrease from 50.0% recorded during the previous 30 day period (April 16 - May 15), and a decrease from 68.3% 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 523 properties that were successfully sold in Scarborough in the last 30 days (May 16 - June 14) was 16 days, which is 0 days more than 16 days average in the previous 30 day period (April 16 - May 15) and 4 days longer than during the same period a year ago (12 days).
There were 551 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (May 16 - June 14) with an average of 40 days on the market. This is 2 days longer than the average of 38 days during the previous 30 day period (April 16 - May 15) and 12 days more compared to the same period last year average of 28 days on the market.
551 Scarborough properties that didn't sell stayed on the market 150.0% longer than 523 that sucessfully sold over the last 30 days - 16 days when sold vs 40 days when delisted respectively.
Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 19.8 days, with 45.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
1,170 new properties were listed on the market in Scarborough in the last 30 days (May 16 - June 14). During the same time 523 properties were sold and 551 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 96 properties (or 8.2%).
During the previous 30 day period (April 16 - May 15) there were 1,055 new properties listed, 528 sold and 436 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 812 new listings per month.
New Real Estate Listings by Property Type
There were a total of 673 homes listed during the last 30 days (May 16 - June 14), which is 57.5% of all properties listed in Scarborough. This is a 18.7% increase compared with a previous 30 day period (April 16 - May 15) and 20.4% up from the same period a year ago. Over the past year an average of 420 homes are were listed per month.
342 condo units were listed in the last 30 days (May 16 - June 14) in Scarborough, which represents 29.2% of all new listings. This is down 3.7% from the prior 30 day period (April 16 - May 15) and 12.1% more compared to the same period last year. There were 280 condos listed per month on average during the last 12 months.
155 townhomes were listed over the last 30 days (May 16 - June 14) in Scarborough, which is 13.2% of all new real estate inventory. This is a 16.5% more than during the previous 30 day period (April 16 - May 15) and 4.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 112 a month.
Real Estate Sales by Property Type
There were a total of 316 homes sold during the last 30 days (May 16 - June 14), which is 60.4% of all properties sold in Scarborough. This is a 5.7% increase compared with a previous 30 day period (April 16 - May 15) and 16.0% down from the same period a year ago. Over the past year an average of 281 homes are were sold per month.
151 condo units were sold in the last 30 days (May 16 - June 14) in Scarborough, which represents 28.9% of all sold properties. This is down 6.8% from the prior 30 day period (April 16 - May 15) and 33.8% less compared to the same period last year. There were 155 condos sold per month on average during the last 12 months.
56 townhomes were sold over the last 30 days (May 16 - June 14) in Scarborough, which is 10.7% of all sold real estate. This is a 16.4% less than during the previous 30 day period (April 16 - May 15) and 36.4% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 66 a month.
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