The average sale price for a detached 2-storey home was $1374000 and it took 39 days on average to sell a home during this quarter. That is the lowest 4th quarter average selling price over the last 2 years when they sold for $1646000 and $1476000 in 2018 & 2017, respectively. Those average days on market were 37 and 30.
Condo apartment average selling price was $520514 which is down from last year's $535000 and up from 2017's $492000. Similarly detached bungalows sold for $989571 down from $1018000 and $1268000 when compared to 2018 and 2017.
Sales volumes improve to 376 this quarter from last years 248, for all types of housing, but are still down from 2017's 549 sales.
The rental market has show some strength with 432 properties rented compared to 2018's 260.
Here's hoping the economy for 2020 will experience positive price growth with the continued low interest rate environment, a brand new decade to look forward to and the expected settling down of the political and economic policy.
