RAHB 09 2015 Another monthly sales record set in 
September“Over the past few months, much has been made about the increase in average sale price compared to last year, and everyone seems to think the prices just keep goingup and up,” noted O’Neill.
“That is true only in comparison to last year. If you look at the average sale price since February – but not including last month when we had those two multi-million dollar sales which skewed our average sale price – the average sale price has varied by about only $15,000, and it’s been going up and down from month to month. The average sale price, overall, is actually quite stable.”
The average days on market decreased from 38 to 33 days in the freehold market and from 44 to 35 days in the condominium market when compared to the same month the previous year.Year to date, sales are 11.1 per cent higher compared to the same period last year; listings are seven per cent higher than last year and the average sale price is 8.7 per cent higher for the period. Full story
