February home sales up over year over year
We've all heard it... the market isn't doing so well.. it's a tough sell out there.. Well now, we have some stats that show quite the opposite!
Residential property sales numbered 110 units in February, rising 18.3 per cent from February 2015. This stood slightly above the five year average for the month and also marked the best February in three years.*
Fredericton's February sales of homes priced from $150,000 to $250,000 increased +7% on a year-over-year basis, which is great news for homes priced in this range. This price range is the most affordable, and easiest to sell in terms of marketability. With interest rates where they are, these homes present favourably to new home buyers.
Sales for homes in Fredericton in the range from $250,000 to $350,000 were down five sales on a year-over-year basis. There were two more sales priced from $350,000 to $500,000 compared to the same month last year and an increase of one sale from a year earlier for homes priced above $500,000.
When buying or selling - ensure your REALTOR® has all the information and facts and is aware of trends pertaining to your home and neighbourhood!