As expected the hot market continued during October.
171 detached 2-storey homes sold during the month at an average price of $1667000 up 20% from October 2019's $1390000 average selling price, while sales volumes were up 40%.
The rental market activity was consistent with September 2020 with 29 properties renting.
Financing is slightly more attractive with 5 year mortgage money available at 1.79% and variable at 1.80%. No wonder the market is so active.
Covid-19 has caused some apartment dwellers to return to lower density alternatives for added safety.
At the moment there are almost 600 homes and condo's on the market for sale giving buyer's a little more choice.
The majority of sales take less than 3 weeks, but as always, there are more than a few that languish and take months to sell.
It seems that this November will out perform last year's numbers.
