With highs of +9C and some sunshine to mark a welcoming start to the first week of March. It should be safe to say the cold winter is behind us and the weather we are all used to is right around the corner.
On another positive note, housing is doing remarkably well in our marketplace. Units sold up 8.9%, number of sales YTD up 16.4%, residential house prices average up 9.8% and median up 6.5% and units listed were all up February this year compared to last February.
Sales of properties listed below $440,000 declined but all price ranges above this rose significantly. February's total active listings also reflected the increase in sales with less inventory than we saw February 2019. If this trend that seemed to start in November last year continues, it looks like we are heading into a much more positive Spring for 2020.
AVERAGE PRICE FOR FEBRUARY 2020
RESIDENTIAL - $734,799
TOWNHOMES - $503,487
CONDOS - $351,814
LOTS - $262,767
UNITS SOLD -
FEBRUARY 2020 -316
FEBRUARY 2019 - 290
FEBRUARY 2018 - 367
FEBRUARY 2017 - 399
