March 2022 – Market Update
Wow demand for home ownership still remains steady in March.
Let’s get in to the numbers
Single family home results:
– Average price of a Detached Home was just under $1.7M = 20.9% increase
– Average price of a Semi-Detached home was just over $1.3 = 26 % increase
– Town homes average price was just over $1M = 25% increase
The Condo segment results:
– Average sales price increased by 19.6%. Average price for March was $800K
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.