Brandon single detached home sales post average July
Sales of single detached homes in the City of Brandon recorded through the MLS® System of the Brandon Area REALTORS® were up on a year-over-year basis in July 2015.
Single detached home sales in the City of Brandon numbered 73 units in July, rising 2.8 per cent from July 2014. This was just under the five-year average for the month of July but came just above the longer 10-year average.
The median sale price for single detached homes was $274,000 in July 2015. This was up 12.1 per cent from the median price in July 2014 the marked the third highest level on record.
Single detached properties spent more time on market before selling in July 2015 than they had a year earlier. The median number of days on market for single detached home sales was 40 in July 2015, three days more than the previous July.
The dollar value of all single detached home sales in July 2015 totalled $21 million, a 10.4 per cent increase compared to a year earlier. This was the second highest July dollar volume on record and only the second time volumes in July had surpassed $20 million.