The Yorkville Toronto condo market continues to see increasing sold prices. Average sold price per square foot for this third quarter was $804, a marked increase of 12% from the 2nd quarter of 2013 which was $718. Average sold prices also increased 6% in comparison of year over year quarters. While the number of sales that took place in this quarter was up 29% over this time last year, sales volume was actually down 24% in comparison to the 2nd quarter of 2013.
Resales continue to take place at Four Seasons Hotel & Private Residences which has the most expensive condo sold prices per square foot in Canada. As I reported last quarter the sold prices per square in the Four Seasons are around double that of any other Yorkville condo and may account for the overall increase in sale prices in the area. This third quarter saw sold prices per square foot at the Four Seasons condos of $1766 up from last quarter’s $1652 per square foot.
Yorkville Condos Average Price Per Square Foot
The third quarter of 2013 resale stats for Yorkville Toronto condos reveals that the average sold price per square foot for a Yorkville condo was $804. Sold prices per square foot continue to climb as this is up from $718 in the 2nd quarter and $610 in the 1st quarter of 2013.
|Type Of Condo Unit||Average Sold Price
Per Square Foot
|1 Bedroom Condo||$570|
|1 Bedroom Plus Den Condo||$732|
|2 Bedroom Condo||$980|
|2 Bedroom Plus Den Condo||$934|
Yorkville Condo Sales Volume
40 condo units sold in the third quarter of 2013. This was down from the 52 units that sold in the second quarter of 2013.
Yorkville Resale Condos Days On Market Comparison
It took an average of 51 days for a Yorkville condo to sell in the third quarter of 2013 which is only 1 day more than the second quarter of 2013 when it took an average of 50 days to sell.
Yorkville Condo Resale Values 2013 Third Quarter
|Type Of Condo Unit||# Sold||Average
|% of List||Average
Number Of Days
|1 Bedroom Condo||1||$630,000||97||31|
|1 Bedroom Plus Den Condo||15||$742,859||97||34|
|2 Bedroom Condo||16||$1,583,618||96||51|
|2 Bedroom Plus Den Condo||8||$1,556,200||94||86|
Yorkville Resale Condos Average Sold Price
Comparison By Year Over Year Quarter
The average sold price for a condo in Yorkville in the third quarter of 2013 was $1,126,919 up 5.8% from last year’s third quarter average sale price of $1,064,709.
|Type Of Condo Unit||2013 3rd Quarter
Average Sold Price
|2012 3rd Quarter
Average Sold Price
|1 Bedroom Condo||$625,000||$559,429||+11%|
|1 Bedroom Plus Den Condo||$742,859||$518,125||+43%|
|2 Bedroom Condo||$1,583,618||$1,483,783||+7%|
|2 Bedroom Plus Den Condo||$1,556,200||$1,697,500||-8%|
There is always a healthy supply of condominium units available for sale in the Yorkville area. However, the best suites – the preferred units with the best floor plans and the best views in the best buildings sell right away. These top valued condos sell within days and if you want the opportunity …