The upward trend in the market continues as does the positive energy. Last month we had twice as many sales as January with 164 transactions. The average sales price was $434,000 down slightly from January '09 sales average of $468,000. And these homes took 46 days to sell compared to February '08 32 day average.
The highest sale was $2,850,000 and three other homes cracked the million dollar mark. 39 homes sold between $500,000 and one million. As well, twenty apartments sold. The highest one was located at Ennisclare on the lake and went for $570,000. There were also 61 rental transactions ranging in price from $1,100 to $7,000 a month.
When comparing the first to months of this year to last year, sales volumes are down 80% from 454 to 252 total sales. Last year 42% of home sales sold above $500,000 compared to 26% this year.
With prime now at 2.50%, five year money @ 4.29% , variable mortgage money at 3.25% and Spring/warm weather on the horizon and the clocks going ahead 1 hour this positive trend should continue.
