August closed with steady activity and a slight tilt toward a more balanced market. We saw 6 closed and pending sales, just ahead of last year, alongside a 19% increase in new listings. Buyers have more to choose from, and properties are taking longer to sell—average...
In July Bowen saw 5 sales and 17 new listings, with homes that were sold averaging 33 days on the market. That’s faster than last year at this time, indicating that well-priced properties are still moving, even in a market where buyers have more choice.
Short-term MoM momentum saw modest increases in sale price and sales volume in June, and a decrease in the number of days to sale—again signalling a market that is rallying slightly after a slow start to the year.
The LTM average showed decrease in sale price with an i...
Short-term momentum is positive: Both price and sales volume surged in May, and homes are selling faster—signals of a market that may be turning the corner after a slow start to the year.
Longer-term caution lingers: Despite recent gains, the LTM and YtD averages still show...
April brought muted activity in Bowen’s detached home market, with just 2 recorded sales, compared to 6 in April 2024 and 14 in 2023. The average and median sale price for April both landed at $1.71M, slightly higher than last year but based on a very limited number of tr...
The Average Sold Price during the month of March ($1,649,000) was down -21.0 per cent from March 2024 and Dollar Volume of Sales was down -1.2 per cent. The Average Sold Price of the five sales in March 2024 was -17.2 pe...