Lynn Valley Real Estate Market Analysis - January 2016

January 2016 Sales RecapThe 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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