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Dan Everett

October another hot month for Brandon home sales

By: Harry Callaghan
Posted: November 17, 2020 08:24

90 single detached homes sold - double sales from October 2019

Image: Canva

Brandon Area Realtors report sales of single detached homes in Brandon numbered 90 units in October - this was double the levels from a year earlier, jumping 100% from October 2019. This was also a new sales record for the month of October.

On a year-to-date basis, home sales totalled 595 units over the first 10 months of the year. This was an increase of 11.4% from 2019.

The median sale price for single detached homes in October 2020 was a record $306,000, up 7.4% from October 2019.

The more comprehensive year-to-date median price was $276,000, edging up 2.2% from the first 10 months of 2020.

Single detached properties spent less time on the market before selling in October 2020 than they had a year earlier. The median number of days on market for single detached home sales was 24.5 in October 2020, down from the 32 days recorded in October 2019.

The dollar value of all single detached home sales in October 2020 was $29.8 million, more than double the levels from a year earlier, surging 121.3% from the same month in 2019. This was a new record for the month of October and the second highest level of any month in history.

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