Yorkville Real Estate...by the numbers
Friday Mar 11th, 2016
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: firstname.lastname@example.org.
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