(This Report is Prepared by the Real Condo Investors Team)
There were 2,403 new high rise sales in October 2013 making it the second month in a row of year-over-year monthly sales increases. October 2013 also had the highest sales of the last 18 months (since April 2012).
Remaining inventory at the end of October 2013 was 23,515 units. That's up +2.2% from last month and up +7% over the last 12 months. That total remaining inventory figure breaks down into 13,441 (57%) unsold units in pre-construction projects; 8,836 (38%) unsold units in projects currently under construction; and 1,238 (5%) unsold units in completed projects.