Thursday, October 10, 2013

September 2013

Hello. September has been an active month w/many homes selling quickly.  The average days on market was 29. The average price for a detached 2-storey home was $909,000 which is up 4% from September 2012.

We had 58 rental properties change hands ranging in price from $1325 to $8500/mth.  The cheapest one was for a newer modest sized condo apartment while the highest rental sale went for a delightful lakefront home.

Financing rates are still very attractive w/no immediate signs of rate increases on the horizon.  Variable rates are still the same as a year ago at 2.60% for 5 years.   Fixed 5 year has gone up from 3.09% to 3.69%, yet still very attractive.