January 2010 had 189 sales at an average sales price of $577,000 for all types of housing. The average time on th market was 33 days. This is in line with January 2008 when we had 196 sales. Last January during the recession we only had 86 sales.
Most of these sales were for properties valued below $700,000 (150) although we had one sale go through at $4,200,000. There were 18 sales above one million dollars.
Detached 2 storey homes are staying above the $700,000 mark with January's 2010 average at $731,000.
There were 52 rental sales during the month, similar to December 2009 volumes.
Interest rates have trended slightly lower with 5 year money available as low as 3.69% and variable rate lending at 2%. Hard to beat. We should see continued record sales volumes in the months ahead.
