Posted on
February 21, 2011
by
Leong & Roozendaal (Re/Max Camosun)
Over the last 30 days, 210 single family houses were sold, up by 13 houses from last week. The median price is down $6,250 to $573,750. The average house was on the market for 35 days. For the sixth week in a row the number of houses sold has grown while the number of days required to sell a home has shrunk. At the same time, selling prices are stable, fluctuating up and down slightly.
In the same time period, 134 condos were sold, up by 14 condos from last week. The median price is up $444 to $285,444. The average condo was on the market for 27 days. The condo market is also seeing a sales volume increase combined with steady pricing.
There are now 1,532 houses for sale, up by 74 from last week. Condo inventory has risen by 2 to 854 suites.