Sunday, January 3, 2010

Record December sales volumes

Sales volumes finish off the year strong. December 2009 had 162 sales compared to 79 and 137 for December 2008 and 2007, respectively. That's double 2008 levels and almost 20% more than the previous record in 2007. Properties took 32 days to sell on average compared to 57 & 41 days for December 2008 and 2007.

There were 51 rental sales during the month. 12 were for condo apartments of which the 2 highest were $5,000 & $2,700 a month.

Interest rates trended slightly lower from recent months with 5 year money at 3.79%, variable at 2.10% and 10 year mortgage money at 5.30%.

The average price for a 2-storey homes was $702,000 down from November 2009's $791,000, October's $767,000 and September's 736,000. But still the same as December 2007's $703,000 and above December 2008's $639,000.

There were 20 bungalow sales in December '09 compared to 9 in 2008 and 14 in 2007. All in all an excellent month.