A little momentum as we turn into February…..let’s see if we can start a new trend! We had 11 residential properties change hands last week compared to 6 sales from the week before. Total value of these eleven transactions was just over $4.2 million, compared to $2.5 million the week prior. The highest priced sale was a Single Family Home in the Columbia / Duncan Neighbourhood which sold for more than $650,000. The variance between list price and actual sales price was 98%. This percentage continues to stay strong, always between 96% & 98% on a weekly basis. I still maintain that buyers have the upper-hand in the housing market with lots of inventory currently for sale. Monday Market Report Jan 28 – Feb 3, 2019
A little momentum as we turn into February…..let’s see if we can start a new trend! We had 11 residential properties change hands last week compared to 6 sales from the week before. Total value of these eleven transactions was just over $4.2 million, compared to $2.5 million the week prior. The highest priced sale was a Single Family Home in the Columbia / Duncan Neighbourhood which sold for more than $650,000. The variance between list price and actual sales price was 98%. This percentage continues to stay strong, always between 96% & 98% on a weekly basis. I still maintain that buyers have the upper-hand in the housing market with lots of inventory currently for sale.