According to figures released today by CREB®, November SFH sales increased 8% over last year to reach a total of 962. Year-to-date, there has been a +9.74% increase of sales from 2010. Even with the y/y increase, sales still remain below the 10 year average level.
Average prices were up 3.31% from last November to $470,665 while the median increased 0.76% to $402,925.
The condo segment also saw a y/y increase in sales, up +26.77% to 393. However, prices took a hit with the average price falling nearly -4% to $273,356 and the median down -1.63% to $250,000. That’s the lowest average and median price since February 2009.