August 2014 Market update

Here's your real estate market update for August 2014.

  • Sales of single family homes sold in July were 127. UP 13% over last July.   
     
  • Sales of apartment style condos was the same as last year - only 20 units solid in July. 
  • Sales of patio style condos was just 6 - likely because the inventory of this kind of condo is down considerably, with just 63 units for sale. 
     
  • Sales of townhomes is UP 24% in July over last year.

 

Overall - the inventory of homes & condos is going down - with more sales being reported, so, in our opinion, this is the start of a new market cycle. 

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Gordon Halkett

Gordon Halkett

Personal Real Estate Corporation
CENTURY 21 Harbour Realty Ltd.
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