Great to see the the luxury market with decent sales volumes. There were 32 sales above $1,000,000. 8 of those sold between $1.5 & $2MM and 9 homes sold above $2,000,000.
That's up from 13 sales above a million in total for this January and 25 sales a year ago February.
It took just under a month to sell all types of homes. The average was 27 days on the market. Several homes had multiple Offers.
The average price of a 2 storey home this February was $878,000, an 8% increase over February '2011.
There were 275 sales during the month up from 152 in January & 238 a year ago. A significant improvement.
Rental sales were off slightly with 46 transactions. The cheapest was a $1200/mth for a small condo apt and the most expensive was for a large detached home in Southeast Oakville which went for $10,500/mth.
5 year money at the moment costs approximately 3.29% with 5 year variable money available at 2.90%.
