Analysis of the 2014’s 4th quarter sold stats marks an end to the trend of rising sold prices from the previous three quarters for Yorkville Toronto resale condos. Sold prices were down significantly. In the 4th quarter of 2014 units took longer to sell with the sold price per square foot dropping to $740 and the average sale price was also down to $1,225,359.
The 4th quarter average sold price per square foot of $740, is a 9.3% decrease from the third quarter’s $860. The number of sales that occurred in fourth quarter was up almost 12% in comparison to the previous quarter.
Year over year comparison of quarters also reveals lower sold prices. The average sold price for a Yorkville condo in the 4th quarter of 2014 was $1,225,359 down 31% from this time last year when the average sold price was $1,607,710. The average sold price per square foot also decreased 10.3% from the fourth quarter of 2013 when it was $825 per square foot.
The number of Yorkville condos sold in the fourth quarter of 2014 was up 18.4% from the fourth quarter of 2013.
Year over year and quarter over quarter comparison of sales volumes indicates greater supply in the resale condo market and could be a contributing factor to the fall in prices.
But one sales quarter does not a market make. Stay tuned for my Market Recap Report for 2014.
Yorkville Luxury Condo Sales
9 luxury condo suites sold above $2.0M in the 4th quarter of 2014 which is similar to the previous quarter in which there were 8 sales.
The 9 sales of luxury condos in the 4th quarter of 2014 ranged in price from $2.1M-$4.425M and took place in seven Yorkville luxury condo buildings:
|Yorkville Luxury Condo Building
Name & Address
|# of Luxury Units Sold
Over $2.0M 4th Quarter 2014
|Four Seasons Private Residences 50 Yorkville Ave||2|
|77 Charles West||2|
|1 Bedford Rd||1|
|10 Bellair St||1|
|The Florian 88 Davenport Rd||1|
|Renaissance Plaza 175 Cumberland St||1|
|277 Davenport Rd||1|
Yorkville Condos Average Price Per Square Foot
The fourth quarter of 2014 resale stats for Yorkville Toronto condos reveals that the average sold price per square foot for a Yorkville condo was $740, down from $860 in the 3rd quarter of 2014.
|Type Of Condo Unit||Average Sold Price
Per Square Foot
|1 Bedroom Condo||$586|
|1 Bedroom Plus Den Condo||$735|
|2 Bedroom Condo||$878|
|2 Bedroom Plus Den Condo||$842|
|3 Bedroom Or Larger||$658|
Yorkville Condo Sales Volume
58 condo units sold in the fourth quarter of 2014. Sales volume increased slightly 31% from the previous quarter when 52 Yorkville condo apartments sold.
Yorkville Resale Condos Days On Market Comparison
It took an average of 47 days for a Yorkville condo to sell in the fourth quarter of 2014 which was 5 days longer than the third quarter of 2014 when it took an average of 42 days.
Yorkville Condo Resale Values 2014 Fourth Quarter
The average sold price for a condo in Yorkville is $1,225,359 dramatically down from the previous quarter’s $1,351,390.
|Type Of Condo Unit||# Sold||Average
|% of List||Average
Number Of Days
|1 Bedroom Condo||9||$540,556||95||49|
|1 Bedroom Plus Den Condo||8||$543,125||97||41|
|2 Bedroom Condo||26||$1,286,779||97||41|
|2 Bedroom Plus Den Condo||12||$1,654,667||94||59|
|3 Bedroom Or Larger||3||$2,101,667||101||45|
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 …