Yorkville Condos Toronto 1st Quarter Report 2015
|% of Final Sales Price to Listing Price||97%|
|Days on Market||56|
The Condo market in Yorkville Toronto had another strong quarter in 2015. Sales in the First Quarter came in at 65, double of what the 4th quarter 2014 came in at.
The average price was down over last quarter to almost $974K but this was not a shift in lower square footage prices but more smaller units were sold over this period. The biggest sale last quarter was over $4 Million and this quarter it was in the low $3 Million range. The lowest end was also significantly lower than last quarter at just $360K.
Yorkville is still getting the highest dollar value per square foot running from $700 to over $1,500. Forest Hill and Deer Park’s rates are considerably lower at $500 to under $1000 per square foot.
New listings were up this past quarter but inventory went down proving a brisk sales market. Condos were on the market for approximately a month and they were getting full asking price for the sales.
Yorkville is a Central hub and will always be a demand Neighbourhood, thus the constant building of New Condo Buildings. Investors are now really entering into Yorkville’s Condo Market, however, the majority is still end users and local buyers.
If you are looking to sell your condo now is an excellent time as inventory is low and prices are high. The condos are moving faster and we are even seeing some bidding wars and multiple offers on certain buildings. Look for a seasoned, knowledgeable Agent who knows this unique pocket. For Buyers, also hire yourself a well established Agent who will help you get a fabulous condo in the Yorkville pocket.