High Toronto Home Prices Has Ripple Effect On Yorkville Condos

Yorkville Toronto Condo Market Report
1st Quarter 2016 Sold Prices Per Square Foot & Luxury Unit Sales

The Yorkville Toronto Condo Market experiences the ripple effect from the strong price gains currently seen in Toronto’s housing market

• Sold prices for Yorkville condos are up 16.5% from this time last year
• The average selling price for a Yorkville condo is $1,274,953 up 31% from the previous quarter’s $975,682.
• It only took 39 days on average for a Yorkville condo to sell; 12 days faster than in the previous quarter.
• Average sold price per square foot was $835 down slightly from last quarter’s $846.

Yorkville Luxury Condo Sales Over $2M

The 1st quarter of 2016 only had 5 suite sales over $2 million. However three of those sales were over the five million dollar mark which drove up the average sold price and average sold price per square foot dramatically as compared to last quarter. The first quarter average sold price was $4.545M with a sold price per square foot of $1,349. The 3 suites sales over the $5 million mark all occurred in the Four Seasons Private Residences.

This quarter’s 5 sales of luxury condos over $2M took place in three Yorkville condo buildings:

Yorkville Luxury Condo Building Name & Address	# of Luxury Units Sold Over $2.0M 1st Quarter 2016
Four Seasons Private Residences 50 Yorkville Avenue	3
100 Yorkville Ave	1
55 Prince Arthur Ave	1

Yorkville Condos Average Price Per Square Foot
The first quarter of 2016 sold stats for Yorkville resale condos reveals that the average sold price per square foot for a Yorkville condo was $835, down slightly from the previous quarter’s $846.

Type Of Condo Unit	Average Sold Price Per Square Foot
1 Bedroom Condo	$768
1 Bedroom Plus Den Condo	$754
2 Bedroom Condo	$899
2 Bedroom Plus Den Condo	$1,078
3 Bedroom Or Larger	$677

Yorkville Condos Sales Volume
71 condo units sold in the first quarter of 2016. This was a 53% increase from the last quarter when 46 condo units sold.

Yorkville Resale Condos Days On Market Comparison
It only took 39 days for a Yorkville condo to sell in the 1st quarter; 12 days faster that in the previous quarter.

Yorkville Condo Resale Values 2015 Fourth Quarter
The average selling price for a Yorkville condo was $1,274,953 up 31% from the 4th quarter’s $975,682.

Type Of Condo Unit	# Sold	Average Sold Price	% of List	Average Number Of Days On Market
1 Bedroom Condo	11	$634,391	98	43
1 Bedroom Plus Den Condo	15	$612,293	98	21
2 Bedroom Condo	32	$1,023,415	98	44
2 Bedroom Plus Den Condo	10	$2,098,000	98	49
3 Bedroom Or Larger	3	$2,001,667	100	38