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.
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