Yorkville Toronto Condos 2014 Sales Forecast & 2013 Market Recap Report

Sales statistics for Yorkville Toronto Condos reveals that the average sold price per square foot is $803 for resale condos that listed and sold on MLS in 2013.

Completed Condo Projects Introduced New Units To The Resale Market
In 2013, Yorkville saw the completion and registration of two new condo buildings: Four Seasons Hotel & Private Residences and and The Florian bringing an additional 305 units to the area.

At the Four Seasons 50 Yorkville condo tower there were 8 sales of units on MLS in 2013 ranging from $2.8M to $6.3M for an average sold price per square foot of $1629. This is more than double the average sold price for a Yorkville condo, adding weight to the the year over year increase in average sold prices for the area.

The 2013 average sold price for a condo in Yorkville is $1,207,981 as compared to $953,740 in 2012.

Yorkville Toronto Resale Condos Average Sold Price Comparison

Type Of Condo Unit	2012 Average Sold Price	2013 Average Sold Price	Difference
1 Bedroom Condo	$533,446	$544,681	+2.11%
1 Bedroom Plus Den Condo	$533,523	$555,576	+4.13%
2 Bedroom Condo	$1,265,763	$1,184,740	-6.40%
2 Bedroom Plus Den Condo	$1,391,966	$1,722,030	+23.71%
3 Bedroom Or Larger Condo	$1,044,000	$2,032,878	+94.71%

Average days on market for a Yorkville condo to sell in 2013 was 47 days.

Yorkville Toronto Resale Condos Days On Market Comparison
In 2013, condo units in Yorkville sold an average of 3 days faster than in 2012. 2013 average number of days on market was 47 while the previous year it took an average for 50 days for a condo unit to sell in Yorkville.

Type Of Condo Unit	2012 Average Days On Market	2013 Average Days On Market
1 Bedroom Condo	31	50
1 Bedroom Plus Den Condo	32	32
2 Bedroom Condo	44	46
2 Bedroom Plus Den Condo	50	60
3 Bedroom Or Larger Condo	93	49

2013 Yorkville Toronto Condo Resale Values

Type Of Condo Unit	# Sold	Average Sold Price	% of List	Average Number Of Days On Market
1 Bedroom Condo	19	$544,681	97	50
1 Bedroom Plus Den Condo	40	$555,576	97	32
2 Bedroom Condo	70	$1,184,740	96	46
2 Bedroom Plus Den Condo	38	$1,722,030	93	60
3 Bedroom Or Larger Condo	7	$2,032,878	95	49

2013 Yorkville Toronto Condo Sales Volume
The total number of condo units sold in Yorkville was 174 units as compared to 149 units in 2012. This translates into an 17% increase in the number of units sold in 2013.

2013 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 40% of the total number of resale units sold in 2013. This is very similar to both 2012 and 2011 in that 2 bedroom suites where also the greatest amount of units sold by unit type for both previous years.

What’s In Store For The Yorkville Toronto Condo Market In 2014

Two condo projects, the New Residences of Yorkville Plaza and 77 Charles West are scheduled to register in 2014 adding roughly another 540 completed condo units to the neighbourhood.

The New Residences of Yorkville Plaza is the conversion of the old Four Seasons Hotel tower into 493 condo units at 21 Avenue Road. 77 Charles West is an initimate luxury condo building of just under 50 suites by developer Aspen Ridge Homes.

There are several new condo development projects planned for Yorkville and two of them have already launched in 2014 and are now selling units.

The Cumberland Condos, a new second tower located directly south of the Yorkville Plaza (old Four Seasons Hotel), is already under construction with the excavation of the parking lot. This will be a 40 storey tower of 272 units with a scheduled occupancy for Fall 2016.

1 Yorkville is planned for the south west corner of Yonge & Yorkville across from the Toronto Reference Library and sits on the site of the Cookbook Store. This will be a 58 storey tower of 577 units with a tentative occupancy date of Fall 2018.

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