Major Cities Report
Strong Sales and Stable Market Conditions Continue Through September
565 properties sold in the region this September – an increase of 16% compared to the 487 properties sold in the same month last year. The quarter ending in September shows a 15% increase in the number of sales overall compared to the same quarter in 2013. The Multiple Listing ServiceÂ® Home Price Index benchmark value for a single family home in the Victoria Core this time last year was $550,900. This month the benchmark value increased to $556,200.
Home sales activity picks up the pace in September
Last monthâ€™s sales were 16.1% above the 10-year sales average for the month and rank as the third highest selling September over that period. The MLSÂ® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $633,500. This represents a 5.3% increase compared to September 2013. For detached homes it was $990,300, up 7.3%, townhomes were $477,700, up 4.2%, and apartments or condos were $378,700, up 3.3%.
Citywide year-over-year sales growth reached double digits
Condominium sector boosts Calgary resale housing activity. The average price of a detached house in the city was $567,653 in September, up 10.81% from a year earlier. The average price of a condo was $326,264, up 9.21%. For townhouses it was $352,813 thats up 4.21%.
Fall Maintains Summer Heat in Edmonton Market
The average selling price of a detached home was $435,584, up 6.92%, and the median price of a detached home was $405,000, up 6.91%. The average price of a condo was $254,494. up 4.85%, and the median price was $232,000, up 2.65%.
Annual Growth in Home Sales Continued in September
The average selling price of detached homes in the downtown area covered by the 416 area code was $951,792, up 11.5% from a year earlier. For condos in the same area it was $395,505, up 9.2 %. Sales were up 10.9% from a year earlier. So far this year sales in the city are 6.9% higher than during the same period last year.