The detached 2-storey average was $1,423,000 up approximately 10% over this year's second quarter. The downside was sales volumes continue to be extremely low. Most homeowners contemplating a move are sitting on the sidelines.
Surprisingly luxury homes fared pretty well during the month with 13 sales greater than $2,000,000 changing hands in a rather quick 45 days on the market. That's impressive! So good to know that buyers are out there.
We will learn more about the direction of the market when I compare the third quarter with last years numbers in early October. Stay tuned.
