Friday, October 1, 2010

September 2010

There were 206 sales this month down slightly over last month (214) and down dramatically from a year ago when there were 304 sales. However, the average price of a detached 2-storey home was $749,000. Up over last month's $703,000 and September 2009's $736,000. There were 92 2-storey sales and 24 bungalow sales.

The average days on market improved slightly at 37.

19 homes sold above the one million dollar mark.

There were 62 rental sales. 11 were for condo apartments. The average time on the market was 25 days.

Borrowing costs remain attractive and it looks like the Bank of Canada will refrain from further rate hikes to help out with the increased amount of consumer debt on the books.