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Resale prices for condos up for 7th consecutive month
The highest transacted price for a private resale unit last month was $25 million for an apartment at The Marq on Paterson Hill. TNP FILE PHOTO
Sale volumes also increase; in contrast, sales of new condominiums dip
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There was no let-up in the private resale market last month, with condominium unit prices and sale numbers both up.
Resale prices rose 1 per cent from January - their seventh consecutive month of growth - and were up 4.4 per cent over February last year.
Buyers were out in force as well with sale volumes increasing by 0.4 per cent from January to 1,399 units, making last month the eighth straight month when more than 1,000 resale apartments were sold.