Sales Of Yorkville Toronto Condos Soar After 6 Month Lull

Yorkville Toronto Condo Market Report
2015 Second Quarter
Sold Prices Per Square Foot
& Luxury Unit Sales

Yorkville Toronto condo market soars after 6 month lull.

Sold prices for Yorkville resale condos rose dramatically in the 2^nd quarter of 2015. The average selling price for a Yorkville condo reached $1,332,752 up 14% from last quarter’s $1,094,327.

Average sold price per square foot was $843 also up from first quarter’s $738.

Interestingly, this second quarter saw longer days on market and more units sold. It took an average of 67 days to sell a Yorkville condo with 95 units selling in this 3 month period as compared to 65 units that sold in the last quarter with an average of 56 days on market.

Yorkville Luxury Condo Sales
The dramatic upswing in sold prices was also reflected in the luxury segment of the Yorkville condo market. In units that sold over $2M, the average sold price per square foot reached $1242 up 30% from last quarter’s $950. The average sold price for a luxury condo in Yorkville is now $3,478,438 with 16 units sold in the second quarter. This time last year the average sold price for a luxury condo was $2,929,545 at a cost of $1207/square foot.

This quarter’s 16 sales of luxury condos ranged in asking price from $2.150M to $8.295M and took place in 10 Yorkville condo buildings:

Yorkville Luxury Condo Building Name & Address	# of Luxury Units Sold Over $2.0M 2nd Quarter 2015
Four Seasons Private Residences 50 Yorkville Avenue	4
1 St. Thomas Street	3
155 Cumberland Street	2
The Hazelton Private Residences 118 Yorkville Avenue	1
The Florian 88 Davenport Road	1
Four Seasons Private Residences 55 Scollard St	1
The Prince Arthur 38 Avenue Road	1
The Regency 68 Yorkville Avenue	1
4 Lowther Avenue	1
Crystal Blu 21 Balmuto Street	1

Yorkville Condos Average Price Per Square Foot
The second quarter of 2015 sold stats for Yorkville resale condos reveals that the average sold price per square foot for a Yorkville condo was $843, up 14% from the first quarter’s $738.

Type Of Condo Unit	Average Sold Price Per Square Foot
1 Bedroom Condo	$792
1 Bedroom Plus Den Condo	$705
2 Bedroom Condo	$904
2 Bedroom Plus Den Condo	$1046
3 Bedroom Or Larger	$769

Yorkville Condos Sales Volume
95 condo units sold in the second quarter of 2015. Sales volume increased 46% from the first quarter when only 65 Yorkville condo apartments sold.

Yorkville Resale Condos Days On Market Comparison
In this 2^nd quarter it took 67 days to sell a Yorkville condo – 11 days longer than in the last quarter

Yorkville Condo Resale Values 2015 Second Quarter
The average sold price for a condo is Yorkville is $1,332,752 up from the first quarter’s $1,094,327.

Type Of Condo Unit	# Sold	Average Sold Price	% of List	Average Number Of Days On Market
1 Bedroom Condo	12	$498,483	99	38
1 Bedroom Plus Den Condo	13	$525,185	98	32
2 Bedroom Condo	44	$1,395,105	98	39
2 Bedroom Plus Den Condo	23	$2,146,652	96	65
3 Bedroom Or Larger	3	$2,098,333	94	163