Keeping you ‘up-to-date’ with our latest newsletters and Real Estate Market Trends nationwide and locally. Find out what Properties are hot, where to look for advice and tips to help you make an informed decision when buying or selling a home.
The market continued to experience a traditional mid- winter performance, with 57 houses sold, almost half the level of sales recorded three months earlier. The monthly median sales figure remained steady at $432,500, with the annual moving median at $436,416. The median days to sell eased slightly to 54 days compared to 41 days recorded the previous month.
Section sales recorded for the month of August rose sharply to 23, thanks mainly to sales awaiting title coming to fruition. The monthly median for sections stood at $249,000 with an annual moving median recorded at $242,250.
With the September vote now barely a few days away, it will be interesting to observe just how the market reacts, if at all, to the posturing and promises normally associated with the lead up and outcome of the General Election. (Source REINZ Statistics)
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