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Victoria Boscariol, Toronto Real Estate agent

 

Yorkville Toronto Condo Market
Recap Report For 2013
Sold Prices Per Square Foot

Yorkville Toronto Four Seasons Condos Annex Houses Victoria Boscariol Chestnut Park Real Estate

 

Sales statistics for Yorkville Toronto Condos reveals that the average sold price per square foot is $803 for resale condos that listed and sold on MLS in 2013.

2013 Yorkville Toronto Condos Average Sold Price Per Square Foot Victoria Boscariol Chestnut Park Real Estate

 

Completed Condo Projects Introduced New Units To The Resale Market
In 2013, Yorkville saw the completion and registration of two new condo buildings: Four Seasons Hotel & Private Residences and and The Florian bringing an additional 305 units to the area.

At the Four Seasons 50 Yorkville condo tower there were 8 sales of units on MLS in 2013 ranging from $2.8M to $6.3M for an average sold price per square foot of $1629. This is more than double the average sold price for a Yorkville condo, adding weight to the the year over year increase in average sold prices for the area.

The 2013 average sold price for a condo in Yorkville is $1,207,981 as compared to $953,740 in 2012.

2013 Yorkville Toronto Condos Average Sold Price By Unit Type Victoria Boscariol Chestnut Park Real Estate

Yorkville Toronto Resale Condos Average Sold Price Comparison

Type Of Condo Unit 2012 Average
Sold Price

2013 Average
Sold Price

Difference
1 Bedroom Condo $533,446 $544,681 +2.11%
1 Bedroom Plus Den Condo $533,523 $555,576 +4.13%
2 Bedroom Condo $1,265,763 $1,184,740 -6.40%
2 Bedroom Plus Den Condo $1,391,966 $1,722,030 +23.71%
3 Bedroom Or Larger Condo $1,044,000 $2,032,878 +94.71%

 

Average days on market for a Yorkville condo to sell in 2013 was 47 days.

2013 Yorkville Toronto Condos Sold Average Days On Market Victoria Boscariol Chestnut Park Real Estate

 

Yorkville Toronto Resale Condos Days On Market Comparison
In 2013, condo units in Yorkville sold an average of 3 days faster than in 2012. 2013 average number of days on market was 47 while the previous year it took an average for 50 days for a condo unit to sell in Yorkville.

Type Of Condo Unit 2012
Average Days
On Market
2013
Average Days
On Market
1 Bedroom Condo 31 50
1 Bedroom Plus Den Condo 32 32
2 Bedroom Condo 44 46
2 Bedroom Plus Den Condo 50 60
3 Bedroom Or Larger Condo 93 49

 

2013 Yorkville Toronto Condo Resale Values

Type Of Condo Unit # Sold Average 
Sold Price
% of List Average Number
Of Days On Market
1 Bedroom Condo 19 $544,681 97 50
1 Bedroom Plus Den Condo 40 $555,576 97 32
2 Bedroom Condo 70 $1,184,740 96 46
2 Bedroom Plus Den Condo 38 $1,722,030 93 60
3 Bedroom Or Larger Condo 7 $2,032,878 95 49


2013 Yorkville Toronto Condo Sales Volume

The total number of condo units sold in Yorkville was 174 units as compared to 149 units in 2012. This translates into an 17% increase in the number of units sold in 2013.


2013 Yorkville Toronto Condominium Resales By Unit Type

The greatest amount of resale condominium units sold by unit type was 2 bedroom suites which made up 40% of the total number of resale units sold in 2013. This is very similar to both 2012 and 2011 in that 2 bedroom suites where also the greatest amount of units sold by unit type for both previous years.

2013 Yorkville Toronto Condos Sold By Unit Type Victoria Boscariol Chestnut Park Real Estate

 

What's In Store For The Yorkville Toronto Condo Market In 2014

Two condo projects, the New Residences of Yorkville Plaza and 77 Charles West are scheduled to register in 2014 adding roughly another 540 completed condo units to the neighbourhood.

The New Residences of Yorkville Plaza is the conversion of the old Four Seasons Hotel tower into 493 condo units at 21 Avenue Road.  77 Charles West is an initimate luxury condo building of just under 50 suites by developer Aspen Ridge Homes.

There are several new condo development projects planned for Yorkville and two of them have already launched in 2014 and are now selling units.

The Cumberland Condos, a new second tower located directly south of the Yorkville Plaza (old Four Seasons Hotel), is already under construction with the excavation of the parking lot.  This will be a 40 storey tower of 272 units with a scheduled occupancy for Fall 2016.

1 Yorkville is planned for the south west corner of Yonge & Yorkville across from the Toronto Reference Library and sits on the site of the Cookbook Store.  This will be a 58 storey tower of 577 units with a tenantive occupancy date of Fall 2018.

See more of the latest SOLD PRICES and SOLD STATS for Yorkville Condos Toronto

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Questions about Yorkville Toronto condos?

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

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 ...

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