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25 Scrivener Square Condominiums, Toronto

Thornwood II

Yonge and Rosedale

Average Condominium Prices 2013 - 2014

 

Contact me for more information about 25 Scrivener Square.

To search condominiums at 25 Scrivener Square, click here.

 

For 20 Scrivener Square price report, click here.

For 20 Scrivener Square floor plans, click here.

For 25 Scrivener Square floor plans, click here.

 

 

25 Scrivener Square 2014 2013 Difference
Condominium Sales 3 6 - 50%
Average Price per Square Foot
$836. $819. + 2%
%age of Sales Price to Listing Price 111% 97% + 14%
Days on Market 11 24 - 55%

 

Only 3 transactions took place at 25 Scrivener Square last year, as compared to 6 in 2013.  This echoes the Toronto real estate market’s chronic problem in 2014: a lack of houses and condominiums listed for sale.  In 2013, the average size of the sold properties was 1,023 square feet, with an average per square foot price of $819.  2014 saw an average unit size of 860 square feet that traded at a price per square foot of $836.  This represents a 2% year over year gain.

It is important to remember that units of 1800 square feet and up trade at significantly higher prices per square foot. The lack of large units sold in 2014 gives an artificially low price-per-square-foot (PPSF) for Thornwood II. Historically, large units here have traded at a PPSF between $1000 and $1400.

This year’s sales-to-listing price ratio was 111%.  A ratio of above 100% is an indicator of multiple offers, which in turn implies a Seller's market.  The decrease in the time it took the properties to sell from 24 days to 11 days backs this up.  These numbers tell the story of multiple Buyers eager to live at Scrivener Square, and actively pursuing their opportunities to do so.

 

For Scrivener Square neighbourhood highlights, click here.

 

 

 

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Peter Russell - Chestnut Park Real Estate Ltd., Brokerage
1300 Yonge Street #100
Toronto, ON, M4T 1X3
(416) 706-3200
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