Yorkville Real Estate...by the numbers

YORKVILLE REAL ESTATE UPDATE

...By The Numbers

Yorkville's resale condo market roared in 2015 with higher prices and more suites sold as compared to a year ago.

The average sale price for a Yorkville condo rose to $1,371,728 up 13.4% from last year. The average sold price per square foot also edged higher to $827 from $798 in 2014. 

266 Yorkville condo units sold in 2015, an increase of 18% more than in the previous year. It took an average of 56 days on market to sell a Yorkville condo in 2015, 11 days longer than in 2014.

Yorkville's Luxury Condo Market Suites Sold Over $2-million in 2015

The average sold price for a luxury condo in 2015 was $3,217,790 up 9% from last year. 

The average sold price per square foot for a luxury resale condo in 2015 was $1156 up slightly from $1148 in 2014. 43 Luxury condo units sold over $2M in 2015, up 30% from the previous year. The bulk of these luxury sales took place at the Four Seasons Private Residences.

It took 79 days to sell a Yorkville luxury condo, only slighty longer than in 2014 when it took 75 days. 

Ultra Luxury Suites Sales Over $5-million in Yorkville:
3 luxury units sold over the $5-million mark as compared to in 2014 when only 1 unit sold over $5-million

What's in Store for the Yorkville Condo Market in 2016:
Several new condo buildings will be completed and are expeted to register adding roughly another 1545 units to the neighbourhood:

One Bloor, 1 Bloor Street East - 732 units

181 Davenport Road - 110 units

Exhibit Condos, 200 Bloor Street West - 200 units

277 Davenport Road - 10 units

Yorkville Plaza, 155 Yorkville Avenue (old Four Seasons Hotel) - 493 units

For more information about the Yorkville condo market, please contact Matt Smith at 647-929-7674 or email him at: matt@thesmithestate.com.