February 2022 – Market Update
Wow demand for home ownership still remains very strong in February!
Let’s get in to the numbers
Single family home results:
Average price of a detached home was just under $1.8M = 31.0% increase
Average price of a semi detached home was just over $1.3 = 29.6% increase
Town homes average price was just over $1M = 30.5% increase
The condo segment results:
Overall, average sales price increased by 24.6%. Average price for February was 799K.
Overall the story for this month remains the same as I’ve been stating for the past months. We are still in a strong sellers market! So, if you were contemplating when to sell, NOW may be your best option!