Header Image
Header Image

Surge of New Listings Level off in May 2015

After Five months of MLS Activity one in every 5 Single Family homes sales are achieving above List Price Results. Condominium are more like one in ten, with another 15% selling at list Price.

Real estate market is balance with lots of choice for buyers, but sellers need to be realistic in their pricing as there is lots of competition from other similar properties.

While still a large influx of new listings came on to the Market in May 2015, it was the first decrease in the same month in comparison to the last two years.
Just this year alone monthly increases have been significant ( eg. 33% spike in March 2015 from March 2014 ).

Residential-Detached Sales

The most active price range in May for Residential-detached sales was $250,000 to $299,999 with 23%
of all sales, followed by the $200,000 to $249,999 at 16% and the $300.000 to $349,999 price range at 15%.

     Active Price Range May 2015      Percentage of Sales
              $250,000 to $299,999                   23%
              $200,000 to $249,999                    16%
              $300,000 to $349,999                   15%

Average Days on Market was 25 Days, the same as May 2014.
The Higehst priced sale was $1,405,000 and the least expensive sale was $35,000.


Condominiums Sales

The Most Active price range for Condominium sales was the $150,000 to $199,999 with 31% of sales, followed by the $200,000 to $249,999 and the $250,000 to $299,999 with both 18% of sales.

          Active Price Range May 2015      Percentage of Sales
                  $150,000 to $199,999                    31% 
                  $200,000 to $249,999                    18%
                  $250,000 to $299,999                     18%

Average Days on Market for Condos was 41 Days, compared to 31 days last year.
The Highest Selling Condo sold for $950,000 and the lowest priced sale was $60,000.