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 1st Quarter
  2018     2019   Difference
  66     46   - 30%
Average Price
  $1,257,835        $1,342,520      + 4%
Average Original Listing Price
  $1,288,692        $1,384,520      + 7%
% of Final Sales Price to Listing Price
  99%     98%   - 1%
Days on Market
  26     38   + 46%

Yorkville and The Annex Toronto's condo market saw a large decline in sales in the 1st quarter of 2019, down by 30% to 46 condo sales. Sales prices for the 1st quarter increased by 4%, a strong showing based on the condo market throughout the city. The average price comes in at a strong $1,342,520 per suite. We spoke last year of how the pre-construction market would affect resale with the new condos beginning their VIP programs in the 1st quarter of 2018. 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 $1,200.00 per square foot and resale just under $1,000 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 98% 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 $900's per square foot, which is down from a few years ago but still very strong in this climate. Yorkville continues to hold close to $1,095 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 $2200 / 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.

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