Brandon single detached home sales up again in October

Brandon single detached home sales up again in October

Sales of single detached homes in the City of Brandon recorded through the MLS® System of the Brandon Area REALTORS® recorded another large increase on a year-over-year basis in October 2015.

Single detached home sales in the City of Brandon numbered 60 units in October, increasing 20 per cent from October 2014. This stood above both the five and 10-year averages for this time of the year.

On a year-to-date basis home sales are now running slightly ahead of levels over the first 10 months of 2014.

The median sale price for single detached homes was $229,000 in October 2015. This was down 9.5 per cent from the median price in October 2014.

Single detached properties spent fewer time on market before selling in October 2015 than they had a year earlier. The median number of days on market for single detached home sales was 31 in October 2015, 7.5 days fewer than the previous October.

The dollar value of all single detached home sales in October 2015 totalled $14.5 million, a 15.2 per cent increase compared to a year earlier and the second highest level on record for this month.

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