A decent August with 226 sales up slightly from August 2010 when there were 214 sales. The average price for a 2-storey home was $819,000 and there were 93 sales. It took on average 33 days to sell homes & condo's which is faster than the 39 a year ago.
There were 89 rental properties sales, same as this July. Of those, 21 were condo apartments. Rental prices ranged from $1245 for a 1BR condo apartment at The Lighthouse in Bronte to
$6850/mth for a detached home on the lake, also in Bronte .
27 bungalows sold at an average price of $617,000 or, 76% of the cost of a 2-storey home.
5 year money is very cheap right now at 3.44%. Variable mortgage money remains attractive in the 2.25% range.
