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Market Statistics Report for July 2015

Residential-Detached continue to perform well in comparison to 2014.
They are only down 2% from last July and are up 3% year to date.
On the other hand, condominiums sales are off 22% in July and 17% for the year.

The most active price range in July for residential-detached sales
was $250,000-$299,999 with 22% of the sales, followed by the $300,000 - $349,999 (16%) and the $ 200,000-$249,999 (16%).
Another 22% of the sales were split evenly in the $150,000-$199,999 and the $ 350,000 -$399,999 price range.

Average Days on the market for residential-detached sales was 33 days, 5 days slower than July 2014.

The highest residential-detached sale was $1,431,000 and the least expensive sale was $30,000.


Condominium Sales are not rebounding from the slow start this year and it has nothing to do with a lack of supply, with 939 condo listings available at the end of July, it is over double what was available at the end of July 2013 and up 35% from last July.

The Busiest Condo price range in July was $150,000 - $199,999 (29% of sales), followed by the $200,000 - $249,999 (22%) and the $250,000 - $299,999 (18%).

Days on the Market for Condo Sales was 41 days compared to 34 days last year, with highest priced Condo selling for $880,000 and the lowest priced sale at $ 87,500.