August 2022 – Market Update
Wow! The market continues to see some significant changes from the ultra sellers market we had back in January and February of this year.
Let’s get in to the numbers
Single family home results:
– Average price of a Detached Home was just under $1.4M
– Average price of a Semi-Detached home was just over $1M
– Town homes average price was just over $900K
The Condo segment results:
– Average sales price for May was just over $700K
Overall, Real estate should always be viewed 👀 as a longer term investment… even if you are buying in a safer market, speculating may leave you holding the bag and losing your shirt so be careful.