Market Update

November 2018 was down in volume from last year with 5 fewer sales for the month than in 2017, however the average sale price was substantially higher. Last month’s average sale price was skewed higher as there were a number of sales in the $1,200,000 to $1,600,000 range as well as 2 sales over $2,000,000. November 2017 comparatively had no sales over $2,000,000 and only 2 sales over $1,000,000 leading to a much lower figure for average sale price at that time.

The 2 sales that transpired over $2,000,000 last month were both estate homes in Silvertip. Both properties had been on the market for considerable periods of time, well over a year in both instances.

Our current inventory remains low with 185 active listings on the market.