Yorkville and The Annex, Toronto Condos
1st Quarter 2019 Real Estate Sales Report
|Yorkville and the Annex Toronto 3rd Quarter||2019||2018||Difference|
|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.
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Showing 11134 properties out of 14278 currently available on the market.