Market Trends: 5/22/2013
Scarborough
Market Snapshot
Total Properties Listed:
1,198
Month-Over-Month Change: +7.35%
Average List Price:
$397,477
Month-Over-Month Change: +2.57%
Median List Price:
$361,000
Month-Over-Month Change: +6.18%
Typical Property
Commercial Property
2.69 Bedrooms
2.36 Baths
$397,477 Average List Price
$252/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
$223,293
2 Bedrooms:
$253,773
3 Bedrooms:
$418,332
4 Bedrooms:
$660,584
5 Bedrooms:
$806,372
Top 5 Most Viewed Properties
37 Maybourne Ave
3 beds / 2 baths
$560,000
By Keller Williams Advantage Realty, Brokerage
15 Kootenay Cres
3 beds / 2 baths
$479,000
By Keller Williams Referred Realty, Brokerage
34 Kilsyth Dr
3 beds / 3 baths
$414,900
By Re/Max First Realty Ltd., Brokerage
Scarborough, ON Real Estate:
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Scarborough Real Estate
About Scarborough
Encompassing a large geographic area, Scarborough stretches from Birchcliffe in the west to the border of Pickering in the east – many Scarborough Homes for sale would be considered suburban style – detached homes on larger lots.
Scarborough was named for Scarborough, North Yorkshire in England by Elizabeth Simcoe, the wife of John Graves Simcoe, the first lieutenant governor of Upper Canada. The bluffs along Scarborough's Lake Ontario shores reminded her of the limestone cliffs in Scarborough, England.
Formerly inhabited by native Canadians from the Seneca & Mississaugas, many neighbourhoods are derivatives of their original native names. In 1998, the former City of Scarborough was amalgamated with North York, Etobicoke, York, East York and the old city of Toronto to become the new city of Toronto.
Scarborough is home to a highly multicultural population, with 55% of the total population foreign-born. Real Estate in Scarborough is a wide mix of homes including detached homes, semi-detached homes, townhomes and condos. With the exception of older neighbourhoods like Birchcliffe, much of the development in Scarborough happened after the 1950’s. Nearer Lake Ontario you will find larger, more expensive homes in West Hill, Guildwood Village and the Rouge. In general Scarborough offers consumers a wide choice of affordable homes.
Public transit is provided to commuters by bus routes and a light rail line and the GO train, and drivers will find quick access to the 401 via many north-south arteries.
As Scarborough is largely suburban in nature, shopping is generally found in malls like the Scarborough Town Center, big-box plazas and local plazas. Many sports complexes, community centres and libraries are spread throughout the area. The areas largest attraction is the spacious Toronto Zoo, which is found at the north-east end of Scarborough.
Scarborough Neighborhoods