January 2016 Sales Recap
The market in Lynn Valley started the year with another sizzling month for real estate sales. To give you a little perspective, here is a comparative summary of the Lynn Valley market between January 2015 and January 2016:
Single Family Homes
- The average sale price of a detached home in Lynn Valley has increased by 35.12% compared with January 2015
- The total sales price of detached homes in Lynn Valley has increased by 12.6% compared with January 2015
- The number of detached homes sold is fairly comparable with just 3 less homes being sold in January 2016 compared to January 2015.
Apartments and Townhouses
- The average sale price of an attached home in Lynn Valley has decreased by 17.32% compared with January 2015
- The total sales price of attached homes in Lynn Valley has decreased by 17.79% compared with January 2015
- Exactly 8 attached homes were sold in both January 2015 and 2016.
Keep reading to find out more about the Lynn Valley market specifically for January 2016.
Single Family Homes:
- There were 15 detached homes sold in January with an average sale price of $1,593,133 (median = $1,525,000).
- The average sale price achieved was more than list price by 7.59%.
- Detached homes that sold in January took an average of 16 days to sell (median = 7).
Apartments and Townhouses:
- There were 8 attached homes sold in January with an average sale price of $525,481 (median = $477,500).
- The average sale price achieved was just above list price by 1.19%.
- Attached homes that sold in January took an average of 18 days to sell (median = 9 days).
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