The market was surprisingly very active in September and there were even a few multiple offer transactions. A number of homes which had been languishing on the market over the summer were picked up in September including a few above the $3000000 mark.
The average sale price for a detached 2 storey home was $2164500 about the same as a year ago ($2191300) so not bad all things considered.
Bungalow sales averaged $1666105. A 9000SF building lot on Winston went for $1.6mm.
Lease transactions almost doubled year over year with 58 properties rented. 31 rented in September 2021.
Freehold and condo townhomes sold for $1318461 and $928125 on average respectively, while semi-detached properties averaged $1217909
Condo apartments average sale price was $991,810 for the month however, there were 2 downtown high end sales that when removed from the calculation the average would be $669368, a little more affordable.
I think that October should prove to be equally active. The Fall market is usually very good.
