Real Estate: Average Single Family Sales Price Increased by 2.7% Helped Offset Total Sales Being Down 6.5%

New single family listings decreased in August, with a 2.4% fall compared to this time last year. However, despite the fall in single family listings, the average listing price increased by 3.7%. The overall sales of single family listings decreased by 1.6% compared to 2018 at this time.

New condominium listings saw an 0.9% decrease along with condominium sales falling by 24%. The average condominium list price fell by 21% and sales prices decreased 21% compared to that of 2018. During this past August, we saw 81 condominiums sell and a total of 461 residential sales.

Year-to-date, the total number of new residential listings compared to 2018 rose 1.6% and total residential sales decreased by 1.6% compared to 2018.