There are currently 373 active condo/townhomes listings on the market compared to 612last year in December, which is a 39.1% decrease. Sales were up in December by 12% compared to Dec2010 and down 38.8% compared to last month. The average purchase price for condo/townhomes was down 13.3% to 157,514 compared to Dec2010 stats.
The average single family home price is down 4.9% in 2011. New listings were down by 16.3% and sales were up 3.3%
The average Condo/townhome price was down in 2011 by by 14%.
With sales up and prices down, even if you have to sell this could be the right time to get in the market!.
Call me for a confidential private market analysis.