Posts Tagged ‘Bloor and Yonge’
It’s been a few months since our last Yorkville Condo Performance update, but we’re back and excited to fill in our readers with what they missed!
As we had predicted in our June post, July 2010 did much better than the prior year. Sales were up 35% for the month, with the most popular layout being the 1 bed units at 14 sales and the 2 bed units close behind at 12!
August had slightly less sales this year with 32 units selling in the summer month! The one bed layout continued the trend in August, making it the post popular unit with another 14 sales occurring. Despite the small dip in sales numbers, a milestone was reached with the sale of a $12,000,000 condo at No 155 Cumberland!
Sales increased by 29% for September with 41 units being sold. The two Cresford built condos, Bloor Street Neighbourhood and CASA Condos, saw the most amount of sales with 11 and 6 sales respectably! It’s typical for new condos to have high sales shortly after they regisiter as most speculators and other investors sell them off to invest their profits in other projects. These two condos are also the newest additions to the Yorkville neighbourhood.
For the first time in 2010, not one bachelor unit sold in all of Yorkville! The one bedroom unit was once again the most popular layout followed closely by the one bed plus den and the two bed floorplans. The Prince Aurther Residences (at Avenue and Bloor) had the highest price sale for August. On average condos sold for 97% of asking with one lucky purchaser negotiating down the price to 88% of asking!
With summer officially over and the fall market arriving, we’re predicting another month of sales increasing vs the same period in 2009. With more inventory coming on, and historically low interests rates, purchasers have a lot of reasons to make the move up to Yorkville.
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Last month we predicted June sales would be less than the same time in 2009…and 30 days later, we were correct! In June 2009 the Bloor-Yorkville area saw 50 sales occurring. For June 2010 only 39 took place resulting in a 22% decline in sales. The G20 Conference and an increase in lending rates are two factors we suspect dampened activity in June. Condos were selling for less than 100% of value, (97% of list price on average) giving buyers negotiating room as opposed to earlier months when multiple offers were more common.
For the second month in a row, CASA Condo saw the most activity with 10 firm sales! The building also had the lowest priced listing at $237,000 for a bachelor unit. A 3 million plus sale at One St. Thomas gave the condo bragging rights for the highest sold in June and the second highest sale of the year. The most active floor plan was the ‘1 bed’ unit resulting in 11 sales with the ‘2 bed’ and ‘1 plus den’ following close behind with 10 and 9 units respectively!
The summer months of July and August are typically slow as both buyers and Realtors tend to vacate the City! For the month of July we predict stronger sales than the 31 sales recorded in 2009. Though most of the City will be in vacation mode, we’ll be working hard with even more updates to the blog in an effort to make us your number one choice for info in the Bloor-Yorkville neighbourhood!
Contact us to live the life style!
When we started out with BloorCondos.com, our goal was to cover the changing look of the Bloor-Yorkville neighbourhood. With developments like Crystal Blu and Uptown racing to the top of the skyline, there’s always new content to cover! For this post we took to the streets and looked waaay up to capture the two elegant condo developments as they near completion!
Posted in Bloor and Yonge, Life Style, Real Estate | 
Tags: bloor - yorkville, Bloor and Yonge, BloorCondos.com, condo, Crystal Blu, downtown, Garth Juriansz, Mark Savel, Real Estate, The Uptown, worldwide, Yorkville condos | 
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With the hustle and bustle of downtown living, it’s hard to find the time to take in the neighbourhood. On Thursday June 3rd, 2010 the monthly art walk will be making it’s rounds through the various Yorkville galleries! It’s a great opportunity to find that special piece for your Yorkville condo! The walk will take guests to seven galleries including:
1. Hollander York Gallery
2. Ingram Gallery
3. Kinsman Robinson Galleries
4. Lane Gallery
5. Leonardo Galleries
6. Liss Gallery
7. Odon Wagner Gallery
According to the Yorkville Art Walk website: The informal, free tour begins by gathering at the Rotunda (lower level) in the Hazelton Lanes Mall, opposite Browns’ Shoe Store. The attendees split into two or three smaller groups which visit selected area galleries during the evening. Each small group is led by a tour guide who is familiar with art appreciation and the local art scene. Some of the galleries may have featured artists present for the tour. A wide range of Contemporary or Historical Canadian and International works of art are available for viewing. At the end of the evening attendees may join the group for coffee at a local area café.
The walk is organized by Artsgroup. Co-ordinator: Marg King If you require further details please call Marg
at (647) 588-1144 or send an email to Paul Ferri at Info@YorkvilleNews.ca
Posted in Bloor and Yonge, Life Style, Real Estate | Tags: art galleries, art walk, bloor - yorkville, Bloor and Yonge, bloor st, BloorCondos.com, condo, condo furniture, International, luxury, worldwide, yorkville, Yorkville condos | No Comments »
How time flies! As we approach the mid way point of 2010 a few changes have occurred in the Bloor-Yorkville condo market. For starters, the month of May saw an increase in listings at Casa Condos (88 Charles St) resulting in 6 solds. Yorkville as a whole actually saw a decreases in number of sales; 32 as opposed to the 46 in March and 43 in April. Year over year though (May 2009 vs May 2010) sales are 18% higher!
The most active layout was the 2 bedroom floor plan which saw 12 of the 32 sales. This has been a common trend through out the year further showing that Yorkville condo purchasers prefer a spacious layout over a smaller one. The highest sale happened at the luxurious Prince Arthur followed closely by the 2009 PUG award winner: One St. Thomas.
Looking ahead to June, we’re doubtful that sales will pass the 50 sales recorded in 2009. Increased lending rates and the G20 meeting toward the end of June should put a damper on the amount of activity in the area. We’ll be following the number closely to see how the market preforms. We’ll also be doing Pre-Delivery Inspections with clients who purchased at Crystal Blu! Look for updates on that project in the near future!
Contact us to live the life style!
