Monday, September 2, 2013

August 2013

A fairly active month with 205 properties changing hands.  30 of those sold above $1,000,000.
The time to sell took 34 days which is up slightly from last years 29 days & this July's 28 days.

The average price for a detached 2-storey home sale was $904,000. Still very good/expensive but down slightly from this July's $915,000 average.

There were 34 rental property sales and 11 of those were for condo apartments.

Financing is still very attractive, although 5 year mortgage loans are up about 30 basis points to 3.29%.

We expect the fall market to continue to be strong.