October had 241 sales with an average time on the market of 25 days. 61 of those sold above $1,000,000. In October 2014 there were 236 sales.
The average price for a detached 2-storey home sale was $1,093,000 about 5% lower than September's average sale price $856,000 while the mean was $750,000. A year ago those numbers were $843,000 and $705,000, respectively.
Financing remains very attractive and inventory is light. And the bidding wars continue!
Friday, November 6, 2015
September 2015
The average sale price for a detached 2-storey home was $1,148,000 this September. In June that average was $1,144,000. Many sales had multiple Offers and 265 properties changed sold. The majority of properties sold in less than a month.
62 properties, which included 7 condo apartments and 20 bungalows & lofts, sold above $1,000,000.
The September rental market was active with 242 properties renting ranging in price from $1050/mth for a 1BR apt on Kerr street to $8500/mth for a detached home in Southeast Oakville.
Financing remains very attractive with 5 year mortgage money bing offered as low as 2.44% & variable at 2.05%.
62 properties, which included 7 condo apartments and 20 bungalows & lofts, sold above $1,000,000.
The September rental market was active with 242 properties renting ranging in price from $1050/mth for a 1BR apt on Kerr street to $8500/mth for a detached home in Southeast Oakville.
Financing remains very attractive with 5 year mortgage money bing offered as low as 2.44% & variable at 2.05%.
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