| April is historically a busy, busy month in the industry as it is right in the middle of the Spring market. Lots of sellers and buyers enter the market during this time – all parties eager to make a move and close before summer holidays.
With the many newsworthy articles about the industry, lets breakdown our area to understand these headlines a little better. See below!
1054 sales took place during the month of April. Of those 1054 sales, 649 were detached homes, 142 were freehold town/semis, 111 were condo towns and 146 condo apartments. Average sale price for April sat at $1,017,363, which is a drop from March 2022. So where is this drop in average sale price coming from?
It isn’t in detached homes in our areas! Detached home average sale price is up 7.25% month over month. But, freehold towns/semis, condo towns and condo apartments are all down in terms of average sale price.
Have a look at the numbers below: |
