• Average sold price per square foot was $846 down from last quarter’s $880.
• The average selling price for a Yorkville condo $975,682 down dramatically from the 3rd quarter’s $2,084,152.
• It took 51 days to sell a Yorkville condo – 3 days longer than in the last quarter
But one sales quarter does not a market make. Stay tuned for my Market Recap Report for 2015.
Yorkville Luxury Condo Sales Over $2M
The 4th quarter is usually a quieter time due to the holiday season and affluent Buyers being away in warmer climates for extended periods. This quarter was no exception as sales volume was down with only 8 luxury units in Yorkville selling as compared to the 14 luxury suites that sold in the previous quarter. The average sold price was also down to $2,718,750 down from last quarter’s $3,748,929. Surprisingly, the average sold price per square foot in the luxury segment was actually up slightly to $1220 from last quarter’s $1210.
This quarter’s 8 sales of luxury condos over $2M took place in six Yorkville condo buildings:
|Yorkville Luxury Condo Building
Name & Address
|# of Luxury Units Sold
3rd Quarter 2015
|1 St. Thomas Street||1|
|Four Seasons Private Residences 50 Yorkville Avenue||2|
|The Florian 88 Davenport Road||1|
|The Hazelton Private Residences 118 Yorkville Avenue||1|
|Four Seasons Private Residences 55 Scollard St||1|
|The Prince Arthur 38 Avenue Road||2|
Yorkville Condos Average Price Per Square Foot
The fourth quarter of 2015 sold stats for Yorkville resale condos reveals that the average sold price per square foot for a Yorkville condo was $846, down almost 4% from the previous quarter’s $880.
|Type Of Condo Unit||Average Sold Price
Per Square Foot
|1 Bedroom Condo||$853|
|1 Bedroom Plus Den Condo||$689|
|2 Bedroom Condo||$887|
|2 Bedroom Plus Den Condo||$953|
Yorkville Condos Sales Volume
46 condo units sold in the fourth quarter of 2015. This was a 23% decrease from the third quarter when 60 condo units sold.
Yorkville Resale Condos Days On Market Comparison
It took a little longer for Yorkville condos to sell in the 4th quarter at 51 days compared to last quarter’s 48 days.
Yorkville Condo Resale Values 2015 Fourth Quarter
The average sold price for a condo in Yorkville is $975,682 down dramatically from the third quarter’s $2,084,152.
|Type Of Condo Unit||# Sold||Average
|% of List||Average
Number Of Days
|1 Bedroom Condo||6||$453,883||96||53|
|1 Bedroom Plus Den Condo||5||$672,378||97||56|
|2 Bedroom Condo||24||$1,125,875||98||41|
|2 Bedroom Plus Den Condo||11||$1,650,951||97||54|
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 …