Amanda Maxwell
Sales Representative
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Are House Prices Creeping Up?

Updated Thursday, March 11, 2010  ::  Views (816)

Are house prices creeping up?  That seems to be the question of the day.  This morning when I turned on my computer, I noticed an article on msn.ca saying that the prices of new homes has gone up.  Then when I went into the office, some of the chit chat was about how the general price of houses seems to be going up.  I decided to look at the February stats to see what the market was doing.  I found out that the average sale price of a house in February 2009 was $245,689.  That price has increased by 14.3% this year to $280,996 for the same month.  We also sold 242 properties this February versus 153 last February, which shows that the market is strong.  As for inventory, when the stats were taken we had 748 listings which is quite a bit lower then the 953 listings we at the same time last year.  This shows that there is quite a bit of movement and we are currently in a very healthy spring market.  If you're thinking about buying or selling, now is a great time!  Feel free to contact me if you'd like more information on how to get yourself started...that's what I'm here for!

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