All in all an excellent month with 263 sales. 28 homes sold above $1,000,000. 17 of those went below $1.5 million and one sold above $2 million. There were also 66 rental properties leased which is very active for this time of the year. And the average time on the market was 27 days.
Compare that to a year ago and you would find 201 sales and 14 rentals leased.
The average price of a 2 storey home was $795,000. No doubt we are one of the most expensive areas to live in Metro.
October sales volume was also significantly better than September 2011. Who would have predicted this activity given the gloomy state of Greece, Europe and the USA.
Mortgage money is going to stay very attractive as a result of the global picture. At the moment you can get 5 year money around 3.30% and variable as low as 2.60%.
