Yorkville and The Annex, Toronto Condos

1st Quarter  2019 Real Estate Sales Report

yorkville toronto condos 2017 4th quarter sales report
 

Yorkville and the Annex Toronto 3rd Quarter         2019     2018   Difference
Sales   269     259   + 4%
Average Sold Price   $1,311,509     $1,136,639   + 15%
Average Listing Price   $1,341,711     $1,155,848   + 8%
% of Final Sales Price to Listing Price   99%     99%    0%
Days on Market   24     25   - 4%
Average Price per sq. ft.   $1,475     1,395
 

Yorkville and The Annex Toronto's condo market saw a large increase in sales in 2019, up by 4% to 269 condo sales. Sales prices for 2019 increased by 15%, a strong showing based on the condo market throughout the city. The average price comes in at a strong $1,311,509 per suite. We spoke last year of how the pre-construction market would affect resale with the new condos beginning their VIP programs in 2019. As predicted would happen there was very little if any affect infact. The main reason of this is how expensive the new condos are, priced per sq. ft. up over an average of $1,500.00 per square foot and resale just under $1,475 per sq. ft.

There is still a very strong demand for larger 1,200+ sq. ft. units from empty nesters moving from larger houses. One of the reasons that we have seen the prices increase as there are more larger units being sold at higher price points 

Another statistic showing that the market will remain strong is that we are seeing 99% of the final sales price to the listing price. Also on average,  condos are selling within a month. 

Yorkville and The Annex still has pockets that are offering units with prices under $900 per square foot. However, we are seeing the average sit high-mid $1,400's per square foot, which is back and more to where it was in the peak. Yorkville continues to hold close to $1,495 per sq. ft. in many of its buildings, but of course this depends on the status and the amenities of the building. There are exceptions as well, The Four Seasons Private Residences west tower at 50 Yorkville Avenue, has now realized prices over $2400 / Sq. Ft  in 2019

*** Please Note -These prices do not truly portray the fact that many of these super luxury condo units are from $1300 to over $1,500 per sq. ft.. *** and even higher in certain buildings. If you would like pricing information for a specific buildings, please complete the form below.

Please complete the form below if you have any questions
 

 

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