You might have caught our July condo update on our Facebook page the other day. July is off to a fast start. As of this morning, there have been 28 sales and the average unit is selling at 5% over the asking price. 24 out of the 28 sales since the start of the month have sold for full price or above asking. Some units have sold for more than 20% over asking.
We have compiled a list of the top sales in July. See below.
What is remarkable is the limited amount of condos on the market. When you remove the 18 new construction condos listed, there are just 45 condos available for sale. If there were zero new listings for the next 51 days, we would run out of condos to sell (Absorption rate)
If you haven’t checked out our new Youtube Channel, head over and have a look. We would love it, if you would subscribe to our channel. We will be posting new videos on a weekly basis.