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Sales in July were almost 40% above last year's numbers as the sales which would typically have happened this spring but were delayed due to COVID are now flowing through the system. What's really interesting to note is that the demand gap between single family homes and condos continues to widen. While we've seen sales jump in both sectors, sales of single family homes jumped a whopping 61.1 percent while condo sales jumped "only" 11.2 percent over July 2019. Could this be a temporary trend or does it represent a long term shift towards a desire for more land and living space? Overall the market is unseasonably active and I expect we'll see this continue into the fall.
Andrew
250-360-6106.
Sales in July were almost 40% above last year's numbers as the sales which would typically have happened this spring but were delayed due to COVID are now flowing through the system. What's really interesting to note is that the demand gap between single family homes and condos continues to widen. While we've seen sales jump in both sectors, sales of single family homes jumped a whopping 61.1 percent while condo sales jumped "only" 11.2 percent over July 2019. Could this be a temporary trend or does it represent a long term shift towards a desire for more land and living space? Overall the market is unseasonably active and I expect we'll see this continue into the fall.
Andrew
250-360-6106.
