Yorkville Toronto Condo Sales Rise To $860/Square Foot For 2014 3rd Quarter

Yorkville Toronto Condo Market Report
Sold Prices Per Square Foot & Unit Sales
2014 Third Quarter

Analysis of the 2014’s 3rd quarter sold stats reveals prices for Yorkville Toronto condominiums continue to rise steadily. This quarter marks the third consecutive quarter in which the average sold price per square foot increased. Even though units took longer to sell and less units sold than in the previous quarter, the sold price per square foot rose to $860 with the average Yorkville condo unit selling for $1,351,390.

The average sold price per square foot for the third quarter 2014 was $860, a 7.6% increase from the second quarter’s $799. The number of sales that occurred in third quarter was down 31% in comparison to the previous quarter of 2014 even though buyers had roughly the same number of Yorkville condos to choose from as the number of active listings for sale during both quarters was the same.

Year over year comparison of quarters also reflects the trend in higher sold prices. The average sold price for a Yorkville condo in the third quarter of 2014 was $1,351,390 up 20% from this time last year when the average sold price was $1,126,919. The average sold price per square foot also increased 7% from the third quarter of 2013 when it was $804 per square foot. Likewise the number of Yorkville condos sold in the third quarter of 2014 was up 30% in comparison to the third quarter of 2013 when only 40 units sold.

Yorkville Luxury Condo Sales
8 luxury condo suites sold above $2.0M in the 3rd quarter of 2014 as compared to the previous quarter when there were 11 units sold over $2.0M. Interestingly, this quarter saw the first sale of 2014 of a Yorkville condo over $5.0M. Last year there were 4 sales of Yorkville condos over $5.0M.

The 8 sales of luxury condos in the 3rd quarter of 2014 took place in six Yorkville luxury condo buildings:

Yorkville Luxury Condo Building Name & Address	# of Luxury Units Sold Over $2.0M 3rd Quarter 2014
Four Seasons Private Residences 50 Yorkville Ave	1
Four Seasons Private Residences 55 Scollard St	2
1 Bedford Rd	2
10 Bellair Street	1
The Florian 88 Davenport Rd	1
181 Davenport Rd	1
The Regency 68 Yorkville Ave	1

Yorkville Condos Average Price Per Square Foot
The third quarter of 2014 resale stats for Yorkville Toronto condos reveals that the average sold price per square foot for a Yorkville condo was $860, up from $799 in the 2nd quarter of 2014.

Type Of Condo Unit	Average Sold Price Per Square Foot
1 Bedroom Condo	$783
1 Bedroom Plus Den Condo	$652
2 Bedroom Condo	$718
2 Bedroom Plus Den Condo	$1053
3 Bedroom Or Larger	$1095

Yorkville Condo Sales Volume
52 condo units sold in the third quarter of 2014. Sales volume decreased 31% from the previous quarter when 75 Yorkville condo apartments sold.

Yorkville Resale Condos Days On Market Comparison
It took an average of 42 days for a Yorkville condo to sell in the third quarter of 2014 which was 3 days longer than the second quarter of 2014 when it took an average of 39 days.

Yorkville Condo Resale Values 2014 Third Quarter
The average sold price for a condo in Yorkville is $1,351,390 dramatically up from the previous quarter’s $1,116,620.

Type Of Condo Unit	# Sold	Average Sold Price	% of List	Average Number Of Days On Market
1 Bedroom Condo	7	$558,571	97	23
1 Bedroom Plus Den Condo	5	$504,400	97	13
2 Bedroom Condo	28	$774,479	97	51
2 Bedroom Plus Den Condo	11	$2,139,500	94	82
3 Bedroom Or Larger	1	$2,780,000	99	39