Saturday, August 3, 2013

July 2013

Sales volumes were 25%  below July 2012 levels while prices were up approximately 15% year over year. This July the average sale price for a detached 2-storey home was $925,000 and there were 76 sales. The sales volume for all types of housing for the month was 186. That is considerably lower than this June 2013 302 sales. That's over a 60%  sales volume drop.

The time to sell took just over a month with 32 days as the average time to sell.  In July 2012 it took almost 2 months to sell properties.

28 of the 186 property sales were for high end properties which went for $1,000,000 or more.

The rental market was active with 87 properties rented.