Found 3 blog entries tagged as Market.

Low inventory and high demand drive price gains in February

Detached

In February, 1,195 new listings came onto the market, of which 75 per cent were priced over $600,000. While new listings did improve over last month in line with seasonal expectations, levels are still below typical levels for February. At the same time, sales in February rose to 954 units, a year-over-year gain of 20 per cent. The growth in sales was driven by where we saw listings growth, but with a sales-to-new listings ratio of nearly 80 per cent, inventory levels were near record lows for February.
 
Exceptionally tight market conditions drove further price growth. In February, the unadjusted detached benchmark price rose to $721,300, nearly three per cent higher than last…

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January sees strong sales fueled by boost in new listings

Detached

A boost in new listings helped support stronger sales this month. However, with a sales-to-new-listings ratio of 77 per cent, there was minimal change in the low inventory situation reported in the detached sector. New listings rose for all homes priced above $500,000, but the largest gains occurred in the over $700,000 market segment. Low inventory levels compared to sales prevented any improvement in the months of supply, which at 1.4 months was lower than levels reported last month and last January. 

The exceptionally tight market conditions continued to drive further price growth. In January, the unadjusted detached price reached $702,200, nearly one per cent higher than last…

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COMING SOON - 7 Everoak Green SW

Indulge in the splendor of this beautiful 3-bedroom, 2.5-bathroom home nestled in the vibrant community of Evergreen. The open floorplan welcomes you with a spacious kitchen and pantry, creating a perfect setting for culinary delights. The home is enhanced by air conditioning, and the gas fireplace in the living room provides a cozy retreat for relaxation and entertaining. The main floor also offers a separate den that can serve as a spacious home office or study area. Ascending the stairs reveals three generously sized bedrooms, with the primary bedroom offering a walk-in closet and a luxurious 4-piece ensuite. The ensuite features a separate shower and a large bathtub, creating a spa-like atmosphere…

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