Market Update: February 2022

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!