Yorkville Condo Market Soars With Higher Sold Prices & Faster Sales

Yorkville Toronto Condo Market Report
4th Quarter 2016 Sold Prices Per Square Foot & Luxury Unit Sales

Sale Prices of Yorkville Toronto Condos Climb Even Higher

• The average selling price for a Yorkville condo this quarter was $1,343,460 up from the previous quarter’s $1,198,160.
• Average sold price per square foot was $976 up from last quarter’s $923.
• It took 37 days on average for a Yorkville condo to sell; 2 days faster than in the previous quarter.

Yorkville Luxury Condo Sales Over $2M

The 4th quarter of 2016 had 19 suite sales over $2 million with an average sold price of $3,067,369. This is up over 10% from the previous quarter average sold price of $2,780,818.

In Yorkville, $1200 is now the average sold price per square foot for a luxury condo priced over $2M.

The Yorkville luxury condo market really revved up in the 4th quarter as it took only 50 days for a luxury suite to sell which is 11 days faster than in the previous quarter.

The builder Pemberton sold 5 new townhouses in its U Condos Project. Located at the southwest corner of Bay & St. Mary St, these townhouses all sold on the MLS over $2M with an average sold price per square foot of only $932.

This quarter’s 19 sales of luxury condos took place in seven Yorkville condo buildings:

Yorkville Luxury Condo Building Name & Address	# of Luxury Units Sold Over $2.0M 4th Quarter 2016
Townhouses At U Condos 65 St Mary St & 1080 Bay St	5
The Four Seasons Private Residences 50 Yorkville Ave	2
1 Bedford Rd	2
10 Bellair St	2
36 Hazelton Ave	1
Pears On The Avenue 170 Avenue Rd	1
The Regency 68 Yorkville Ave	1
128 Hazelton Ave	1
77 Avenue Rd	1
Renaissance Plaza 175 Cumberland St	1
4 Lowther Ave	1
102 Bloor St West	1

Yorkville Condos Average Price Per Square Foot
The fourth quarter of 2016 sold stats for Yorkville resale condos reveals that the average sold price per square foot for a Yorkville condo was $976; up 6% from the previous quarter’s $923.

Type Of Condo Unit	Average Sold Price Per Square Foot
1 Bedroom Condo	$927
1 Bedroom Plus Den Condo	$841
2 Bedroom Condo	$1040
2 Bedroom Plus Den Condo	$1013
3 Bedroom Or Larger	$1060

Yorkville Condos Sales Volume
92 condo units sold in the fourth quarter of 2016 and was the exact same number of units that sold in the third quarter.

Yorkville Resale Condos Days On Market Comparison
It took 37 days for a Yorkville condo to sell in the 4th quarter; 2 days faster than in the previous quarter.

Yorkville Condo Resale Values 2016 Fourth Quarter
The average selling price for a Yorkville condo was $1,343,460; up almost 11% from the 3rd quarter’s $1,198,168.

Type Of Condo Unit	# Sold	Average Sold Price	% of List	Average Number Of Days On Market
1 Bedroom Condo	15	$530,320	99	40
1 Bedroom Plus Den Condo	17	$751,994	100	33
2 Bedroom Condo	26	$1,238,058	97	23
2 Bedroom Plus Den Condo	16	$1815,024	98	51
3 Bedroom Or Larger	18	$2,381,902	95	36