Average October for Brandon Single Detached Home Sales

Average October for Brandon single detached home sales

Sales of single detached homes in the City of Brandon recorded through the MLS® System of the Brandon Real Estate Board were running at average levels in October 2013, but did post a decline compared to the near-record level for the month reached in 2012.

Single detached home sales numbered 55 units in October, down 14 per cent on a year-over-year basis from a very strong October in 2012. However, sales in October 2013 came in right in line with the five-year average for sales in this month and actually beat the 10-year average.

The median sale price for single detached homes was $253,500 in October 2013. This was an 18 per cent increase from October 2012.

Single detached properties spent less time on market before selling in October 2013 than they had a year earlier. The median number of days on market for single detached home sales fell by seven days to 21 in October 2013.

The dollar value of all single detached home sales in October 2013 totalled $14.5 million, up seven per cent from a year earlier.


Important information

For more information on market statistics, available homes or on real estate in general, visit our web site at www.breb.mb.ca 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.

 

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