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
|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
|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
|% 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
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.
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 …