The Lytton Park neighbourhood had a combined seventy-three homes sold in the first three quarters of 2021. This total includes sixty-five detached homes, four semi-detached homes and four luxury townhomes. A combined $225 million of real estate has traded hands in Lytton Park so far this year, in what has been a very frenetic 2021 Toronto real estate market.
Lytton Park continues to be in big demand with high-income earners, especially those with young families who value the top-ranked public and private schools that are situated within this community. Proximity to the subway, excellent shopping options and plenty of parks and greenspace are other neighbourhood draws.
With so much demand for houses in Lytton park it s not surprising that forty-five of the sold homes this year sold for the asking price or above asking with an overall list to sale price ratio of 104%. The average days on the market is 12 days, a stat that may be somewhat inflated as many of the sold listings chose to holdback accepting offers for a week.
Taking a deeper dive into the stats we can see that the four semi-detached homes sold for an average price of $1,730,000. These smaller homes are concentrated at the south end of the neighbourhood on Craighurst and Albertus close to Yonge Street. Four luxury townhomes sold for an average price of $1,950,000. These townhomes were concentrated along the Avenue Road corridor. The average sold price for a detached home was $3,223,000.
Construction of new custom homes continues to be a growing phenomenon in Lytton Park. So far this year six newer construction homes have been sold with an average selling price of $5,572,000. The price for new luxury custom homes in Lytton Park is trending upwards as land, labour and material costs keep rising.