The 2012 sales statistics for Yorkville Toronto Condos reveals that the average sold price per square foot is $757
|Type Of Condo Unit||Average Sold Price Per Square Foot|
|1 Bedroom Condo||$801|
|1 Bedroom Plus Den Condo||$768|
|2 Bedroom Condo||$816|
|2 Bedroom Plus Den Condo||$892|
|3 Bedroom Or Larger Condo||$508|
3 bedroom or larger units had the lowest average sold price per square foot at $508 which requires further explanation. Only 5 units sold in 2012 that were 3 bedroom or larger and all of these sales took place in older Yorkville condo buildings with an average age of 28 years old thereby dramatically bringing down the price per square foot for this type of unit.
2012 Yorkville Toronto Condo Resale Values
|Type Of Condo Unit||# Sold||Average Sold Price||% of List||Average Number Of Days On Market|
|1 Bedroom Condo||28||$533,446||98||31|
|1 Bedroom Plus Den Condo||22||$533,523||99||32|
|2 Bedroom Condo||74||$1,265,763||97||44|
|2 Bedroom Plus Den Condo||20||$1,391,966||97||50|
|3 Bedroom Or Larger Condo||5||$1,044,000||95||93|
2012 Yorkville Toronto Condo Sales Volume
The total number of condo units sold in Yorkville was 149 units as compared to 176 units in 2011. This translates into an 18% decline in the number of units sold in 2012.
Yorkville Toronto Resale Condos Days On Market Comparison
In 2012, condo units in Yorkville took an average of 6 days longer to sell as compared to 2011. 2012 average number of days on market was 50 while the previous year it took an average for 44 days for a condo unit to sell in Yorkville.
|Type Of Condo Unit||2011 Average Days On Market||2012 Average Days On Market|
|1 Bedroom Condo||33||31|
|1 Bedroom Plus Den Condo||28||32|
|2 Bedroom Condo||48||44|
|2 Bedroom Plus Den Condo||37||50|
|3 Bedroom Or Larger Condo||75||93|
Yorkville Toronto Resale Condos Average Sold Price Comparison
|Type Of Condo Unit||2011 Average Sold Price||2012 Average Sold Price||Difference|
|1 Bedroom Condo||$451,477||$533,446||+18.16%|
|1 Bedroom Plus Den Condo||$524,302||$533,523||+1.76%|
|2 Bedroom Condo||$939,121||$1,265,763||+34.78%|
|2 Bedroom Plus Den Condo||$1,531,401||$1,391,966||-9.11%|
|*3 Bedroom Or Larger Condo||$3,201,250||$1,044,000||-67.39%|
*3 Bedroom Or Larger Average Sale Price It should be clarified that in a year over year comparison of this segment of the condo market, 12 units sold in 2011 as compared to only 5 units which sold in 2012. These 5 sales all took place in older Yorkville condo buildings with an average age of 28 years old resulting in a dramatic negative price difference in year over year comparison for this type of condo unit.
2012 Yorkville Toronto Condominium Resales By Unit Type
The greatest amount of resale condominium units sold by unit type was 2 bedroom suites which made up almost half of the total number of resale units sold in 2012 followed by 1 bedroom units at 18.8%. This is very similar to 2011 in that 2 bedroom suites where also the greatest amount of units sold by unit type and made up 48% of the total resale units sold that year.
Completed Condo Projects Introduced New Units To The Resale Market
In 2012, Yorkville saw the completion and registration of two new condo buildings: Museum House and and the Uptown Residences bringing an additional 321 units to the area.
A small luxury condo project, Museum House is a condo building of only 27 suites on 19 floors with suite sizes starting from 1900 square feet.
A larger project, Uptown Residences is 294 units on 48 floors with a more mixed variety of suite types from 1 bedrooms of 495 square feet to luxury penthouses of over 2200 square feet.
What’s In Store For The Yorkville Toronto Condo Market In 2013
Two luxury condo projects, The Four Seasons Private Residences and The Florian will be registering in early 2013 bringing another 305 completed condo units to the Yorkville neighbourhood.
There is always a healthy supply of condominium units available for sale in the Yorkville area. However, the best suites, the units with the great floor plans, clear views and in the good buildings sell right away. Top valued condos sell within days and if you want the opportunity …