Did you know, there were an outstanding 7,621 transactions reported this past February - up by 21.1% compared to February 2015! The average selling price was up by 14.9% annually to $685,278.
Yes, it's true - there is strong competition between buyers which has resulted in our current seller's market! Despite the new federal mortgage lending guidelines which require at least 10% down payment on the portion of purchase prices between $500,000 and $1,000,000, the market continues to soar.
There's never been a better time than now to sell or buy your next home. If you're looking to take advantage of our current market trends, contact me! firstname.lastname@example.org or 416-262-4519.