Monday Market Report April 8 – April 14, 2019

A VERY GOOD WEEK! In total, 21 residential properties change hands this week versus 15 homes sold the week prior. That’s a 29% increase in one week! – The total value of these 21 transactions was just over $7.6 million dollars, compared to $6.7 million the week prior. The highest priced sale was a single family home in the Uplands/Redlands neighbourhood which sold for more than $625,000. The variance between list price and actual sales price was 97%….and continues to hold strong between 96% and 98%. In my estimation, the housing market is positioned as a “balanced” market at this time.