Wednesday, December 1, 2010

There were 201 sales in November the same number as October. Down from Nov '2009's 254 sales but way above Nov '2008's 122 sales.

The average 2-storey home sold for $817,000, up from this October's low seven's & Nov '2009's $791,000. This is the first time we have cracked the $800,000 threshold.

The average for all types of housing including apartments was $579,000. That is considerably higher than a year ago when the average was $503,000.

The average days on market was 40.

There were 47 rental transactions. 13 were for condo apts that rented between $1,000 & $1,700. Ten of the 16 detached home rentals went between $2,000 & $4,000 with the lowest going for $1,600 & the highest going for $4,850.

Mortgages rates still remain very attractive and it looks like prices will hold going forward with some modest price fluctuation and overall growth.