Most homes sold quickly on average in about a week and a half. Many of them had multiple bids. But like we started to see in March some seller's who attempted to auction their properties were not successful and some may still be trying to sell their homes.
Quick selling homes tend to be in pristine condition (move in ready) are in popular locations, well priced and offer (some) WOW factor.
The average price of a detached 2-storey home sold for $1923000, while still a healthy number, it was down 5% from March's average sale price.
Showing traffic was lower as well and likely attributed to the Covid-19 lockdown which started mid month.
The average sale price of a detached bungalow was $1427000. Freehold and condo townhomes sold for $106500 and $792,000, respectively.
The rental market was active with 155 transactions ranging in price from $1780-$8000/mth.
This current trend will likely continue through to June
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