Scarborough Real Estate Statistics

Scarborough real estate average sold price in the last 30 days (September 2 - October 1) was $926,135, which is $11,575 (1.2%) higher than the average price of $914,560 in the previous 30 day period (August 3 - September 1), and $6,186 (0.7%) down from the same period 1 year ago ($932,321). Scarborough real estate prices over the last 30 days are also $13,990 (1.5%) lower than the average selling price of $940,125 over the past year.

Scarborough average sold price for homes was $1,128,654 in the last 30 days (September 2 - October 1), which is $57,311 (5.1%) down from the average home price of $1,185,965 in the previous 30 day period (August 3 - September 1), and $10,638 (0.9%) lower than the same period 1 year ago ($1,139,292). In the last 30 days Scarborough the average home price was $67,736 (6.0%) lower than the average selling price of $1,196,390 over the last 12 months.

Average Scarborough condo sold price over the last 30 days (September 2 - October 1) was $560,294. During this period it was $30,370 (5.4%) down from the average price of condo of $590,664 during the previous 30 days (August 3 - September 1), and $18,128 (3.2%) lower compared to the same period 1 year ago ($578,422). In the last 30 days Scarborough the average condo price was $12,144 (2.2%) lower than the average selling price of $572,438 over the last year.

Average sold price of Scarborough townhouse was $830,726 in the last 30 days (September 2 - October 1), up $28,015 (3.4%) from the average townhome price of $802,711 over the previous 30 days (August 3 - September 1), and $18,741 (2.3%) higher than during to the same period 1 year ago ($811,985). Over the last 30 days the average townhouse price in Scarborough was $28,090 (3.4%) higher compared to the average selling price of $802,636 over the last 12 months.

Average selling price for Scarborough real estate was $926,135 in the last 30 days (September 2 - October 1), which is collectively $17,558 (1.8%) higher than the average asking price of $990,566. This represents a decline of $8,648 (33.0%) compared to $26,206 (2.8%) Sold-Over-Asking price from the previous 30 day period (August 3 - September 1).

The maximum Sold Over/Under Asking ratio in Scarborough during the last 12 months was recorded in May, 2023 with an average of $95,165 over the asking price, while the minimum occurring in December, 2022 with $4,794 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 38.9% with 413 properties sold and 844 new properties listed in the past 30 days (September 2 - October 1). This represents a decrease from 60.1% recorded during the previous 30 day period (August 3 - September 1), and a decrease from 52.1% compared to the same period one year ago.

Over the the last year the highest SNLR in Scarborough was 99.2% recorded in December 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 413 properties that were successfully sold in Scarborough in the last 30 days (September 2 - October 1) was 21 days, which is 6 days more than 15 days average in the previous 30 day period (August 3 - September 1) and 2 days longer than during the same period a year ago (19 days).

There were 565 delisted properties in Scarborough, those that got either Expired, Suspended or Terminated over the last 30 days (September 2 - October 1) with an average of 43 days on the market. This is 2 days longer than the average of 41 days during the previous 30 day period (August 3 - September 1) and 4 days less compared to the same period last year average of 47 days on the market.

565 Scarborough properties that didn't sell stayed on the market 104.8% longer than 413 that sucessfully sold over the last 30 days - 21 days when sold vs 43 days when delisted respectively.

Average Days on the Market in Scarborough over the past 12 months for properties that have sold was 17.1 days, with 44.2 days for those properties that did not sell.

1,063 new properties were listed on the market in Scarborough in the last 30 days (September 2 - October 1). During the same time 413 properties were sold and 565 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 85 properties (or 8.0%).

During the previous 30 day period (August 3 - September 1) there were 844 new properties listed, 507 sold and 516 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 1,086 new properties listed, the slowest - December with 258 new listings and a yearly average of 708 new listings per month.

There were a total of 616 homes listed during the last 30 days (September 2 - October 1), which is 57.9% of all properties listed in Scarborough. This is a 50.2% increase compared with a previous 30 day period (August 3 - September 1) and 52.5% up from the same period a year ago. Over the past year an average of 370 homes are were listed per month.

304 condo units were listed in the last 30 days (September 2 - October 1) in Scarborough, which represents 28.6% of all new listings. This is down 1.6% from the prior 30 day period (August 3 - September 1) and 22.1% more compared to the same period last year. There were 244 condos listed per month on average during the last 12 months.

143 townhomes were listed over the last 30 days (September 2 - October 1) in Scarborough, which is 13.5% of all new real estate inventory. This is a 14.4% more than during the previous 30 day period (August 3 - September 1) and 36.2% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 94 a month.

There were a total of 243 homes sold during the last 30 days (September 2 - October 1), which is 58.8% of all properties sold in Scarborough. This is a 1.6% decline compared with a previous 30 day period (August 3 - September 1) and 6.6% up from the same period a year ago. Over the past year an average of 268 homes are were sold per month.

122 condo units were sold in the last 30 days (September 2 - October 1) in Scarborough, which represents 29.5% of all sold properties. This is down 31.8% from the prior 30 day period (August 3 - September 1) and 5.2% more compared to the same period last year. There were 158 condos sold per month on average during the last 12 months.

48 townhomes were sold over the last 30 days (September 2 - October 1) in Scarborough, which is 11.6% of all sold real estate. This is a 40.7% less than during the previous 30 day period (August 3 - September 1) and 5.9% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 62 a month.