Monday, January 4, 2016

4th Quarter 2015

HAPPY NEW YEAR!

There were 284 sales during the period.  57 of those sold above a million dollars.  114 two-storey homes changed hands with an average sale price of $1,091,500 and, in a relatively quick 27 days. The rental market saw 79 transactions and 12 of those were for condo apartment leases.

Financing remains very attractive with 5 year mortgage money as low as 2.59% and variable at 2.20%.

Listings are still scarce so we start the new year with a seller's market.  It looks like prices will remain stable with some growth given the buyer/seller landscape.