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  • The Home Girls

Low Inventory October

The strong sales last month are to be seasonally expected, as people like to get into their new homes before winter, and that potential holiday we hear that is coming... ;)

Here's the statistical breakdown homies: SALES

> 538 residential properties sold through MLS, up 4.1% compared to Oct '18

> 334 detached, up 11.3%

> 65 condominiums, down 1.6%

>108 townhouses, down 6.1%

> 31 semi-detached, down 18.4% PRICES

> $533,288 average sale price of all residential properties, up 9.1% compared to Oct '18

> $610,840 average sale price of detached, up 6.2%

> $333,895 average sale price of condominiums, up 6.7%

> $434,035 average sale price of townhouses, up 11.2%

> $461,590 average sale price of semi-detached, up 14.3%


INFO

> 22 average days it took to sell a home in October, down 3 days compared to Oct '18

> 691 total number of homes active at the end of September, down 26.5% compared to

Oct '18 and significantly below the 10 year average of 1,412 INSIGHT

> That last info statistic is proof we are still seeing a strong sellers market, supply is significantly down compared to the 10 year average. Depending on the price point you are looking in as a buyer, the chaos of 2016 may still be haunting you!


Any questions? Reach out to us on Instagram @homegirls.ca or on our contact form here on the website.


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