Monday, September 3, 2018

August 2018

The detached 2-storey average was $1,423,000 up approximately 10% over this year's second quarter. The downside was sales volumes continue to be extremely low.  Most homeowners contemplating a move are sitting on the sidelines.

Surprisingly luxury homes fared pretty well during the month with 13 sales greater than $2,000,000  changing hands in a rather quick 45 days on the market.  That's impressive!  So good to know that buyers are out there.

We will learn more about the direction of the market when I compare the third quarter with last years numbers in early October.  Stay tuned.



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