Dows Lake Condo Boom; a Comparison of Sales and Prices

So far this year 23 condos have sold in the Dows Lake area and 4 more have conditional offers in place. The sales have ranged from $232,500 up to $717,500 and averaged out to $415,221 and took an average of 93 days to sell. The good news is the 4 conditional sales only took an average of 46 days to sell which will being that average down once they become firm sales. So far this year condos have been selling at an absorption rate of 5/month.

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