- To date, condo sales have increased 13% since the same time last year.
- To date, the average Per Square Foot (PSF) selling price has increased from $287 to $310.
- To date, the average days on market (DOM) are almost half of what they were in 2012. In 2012 the average DOM was 73 - in 2013 it's 37.
If the statistic depicting lower sales prices in 2013 than 2012 seems contradictory to current trends, you're right. The reason is because the size of the average condo is lower, resulting in a higher PSF, causing the average condo value to have actually increased since 2012.
To view a larger version of the HAT Condo Report, CLICK HERE.