While condominium sales have been the subject of some concern this year some perspective is in order. Based on a five year average of sales upuntil the end of August 2015 sales of 1,118 are ony down 3%.
The 160 condo sales or 26% increase in August over the same month last year has narrowed the year to year deficit from 19% at the end of July to 13% at August month end.
This year three out of every four sales is a single family home where condominiums have been closer to one in ten at 12% of total MLS market share.
The busiest condo price range in Aust 2015 was the $150,000 to $ 199,999 with 31% of sales,followed by the $ 200,000 to $ 249,999 price range with 22% of the sales and then the $ 250,000 to $ 299,999 price range with 19% of sales.
Average Days on the market for condominium sales was 55 days, two weeks slower than Agust 2014
|Average Price Range for August 2015
||Percentage of Sales
|$ 150,000 to $ 199,999
|$ 200,000 to $ 249,999
|$ 250,000 to $ 299,999
Highest priced condo sold for $ 501,000 and the lowest priced sale was $ 60,000.