The average price for a detached 2-storey home this February was $951,000 and took on average 30 days to sell. A year ago homes sold approximatley 3 days faster but the average price was less by 7.5% or, $886,000.
There were 202 sales during the month for all types of housing, condo apts, THs, semi's... and 87 of those were for detached 2-storey homes. That's down from a year ago when there were 275 sales. A sales volume drop of approximately 36%. And that's significant!
There were 21 sales above $1,000,000, not bad fo a short month.
The rental market continued to move along nicely with almost 2 rentals a day with 55 rental sales.
Financing also continues to be very attractive with 5 year mortgage money being offered as low as 2.94% and variable money offered at 2.65%. Hard to beat.
