This February had almost 100 more sales than in January with 281 sales and during a shorter month. The average sale price was $580,000 (all types of housing) with 2 storey homes averaging $757,000. 21 homes sold above a million dollars and 120 properties sold between $500,000 and a million. The average time on market was very quick at 21 days.
Best not to compare to last February's results but even if you go back to 2008 you will find sales volumes were up 18%.
Financing remains very favourable. The banks of course have tighten up their lending policies.
