Mid August 2016 stats are still stunning!
Sales were UP by almost 15% compared to the same period last year! But don’t think that the city is all of a sudden going through a surge of new inventory. No, no…
66% of those sales took place in 905!! 81% of the detached homes that sold in the first 2 weeks were sold in….you guessed it! in 905.
Sales of semi-detached in our fair city SHRANK by 20%.
Condo sales are UP BY 17% for all you “non-believers” in the health of this segment of the market. However, thankfully, prices are up by “a mere” 6%. A healthier balance to be sure, but there ARE areas and buildings that are just as HOT and in a Seller’s market as the freehold home segment.
The “holdback” on listings suggests there will be a significant uptick in listings for September. That said, I don’t expect the extreme thirst being experienced by home buyers will be nearly quenched! Stay tuned! and please let me know how I can help YOU today!