211 apartments & homes traded hands during the month off about 13% from a year ago. Prices remain high with the average price for a 2-storey home selling for $945,000 about the same as last October's $948,000 number (off a 1/4 point). The time to sell was also virtually the same with 34 days this year compared to 35 days in Oct' 2012. And the same number of homes sold above a million dollars with 33 sales during the month.
Interestingly, the ultra high end market has not fared as well as last year, although you could argue that 2012 was an exception. The following are the number of sales for the first 10 months for each of the last 3 years.
Sale Price > $1,500,000 > $2,000,000 > $3,000,000 Total
2011 38 43 9 90
2012 255 65 16 336
2013 61 65 14 140
The rental market was reasonably active with 50 leases. 17 were for condo apartments. The cheapest of those was a $1,000/mth for a 1BR 1 bath apartment in Bronte. The most expensive was for a fully furnished apartment in downtown Oakville which was leased for $4,200/mth.
