Sales of single detached homes in the City of Brandon recorded through the MLS® System of the Brandon Real Estate Board declined on a year-over-year basis in July 2014. That said, activity in July 2013 did set a record for the month.
Single detached home sales in the City of Brandon numbered 71 units in July, a decrease of 17 per cent from the July 2013 record. Sales in July also came in slightly below the five-year average for the month but stood right in line with the longer 10-year average.
A total of 417 single detached home traded hands over the first seven months of 2014. This was roughly on par with the 420 sales recorded in the same period last year.
The median sale price for single detached homes was $244,500 in July 2014. This was down two per cent from July 2013.
Single detached properties spent about the same time on market before selling in July 2014 as they had a year earlier. The median number of days on market for single detached home sales rose by just one day to 37 in July 2014.
The dollar value of all single detached home sales in July 2014 totalled $19 million, falling 14 per cent from a year earlier.
For more information on market statistics, available homes or on real estate in general, visit our web site at or call (204) 727-4672. The Brandon Real Estate Board is a non-profit organization representing more than 190 REALTORS® within the City of Brandon and rural areas.