The 2019 headline figures for Daybreak real estate were pretty good. The median sales price showed a modest rise of 3.04% to $369,900. The number of homes sold climbed somewhat more dramatically with a 28.66% increase. The one negative sign was the number of days on market, which increased 46.15% with a median 38 days before going under contract.
Daybreak Combined Home Sales
Median Sales Price: $369,900 up 3.04%
Total Sales: 853 up 28.66%
Days on Market: 38 up 46.15%
Single-Family Homes
The single-family home market remained strong in 2019, with the median sales price climbing 7.18% to sit at $440,000. There was also a strong increase in homes sold with 503 sales up 24.50%. Homes did take longer to sell taking a median of 38 days, up 56.15%.
Single Family Home Sales
Median Sales Price: $440,000 up 7.18%
Total Sales: 503 up 24.50%
Days on Market: 38 up 46.15%
Townhomes / Twin Homes
Just like the single-family home market townhomes and twin homes performed well in 2019. Townhome median sales price climbed 7.01% and twin home prices were up 3.66%. In trend with other types of property, things were taking longer to sell. The median days on market increased by 42.31% to 37 days.
Townhouse / Twin Home Sales
Townhome Median Sales Price: $297,500 up 7.01%
Townhome Total Sales: 296 up 40.28%
Twin Home Median Sales Price: $369,992 up 3.66%
Twin Home Total Sales: 16 down 15.79%
Days on Market: 37 up 42.31%
Condos
The Daybreak condo market was the slowest performing property type recording just a 4.10% increase in the median sales price. Just like the rest of the market sales were up (up 31.03% with 38 sold) and condos took longer to sell (up 48.39% to 46 days).
Median Sales Price: $203,325 up 3.71%
Condo Home Sales
Median Sales Price: $203,000 up 4.10%
Total Sales: 38 down 31.03%
Days on Market: 46 down 48.39%
Summary
The Daybreak property market remained buoyant in 2019, and even though things were taking longer to sell, the number of sales and prices were on the climb. In order to cater for high property prices, Daybreak continues to transition away from larger more expensive single-family homes to more affordable smaller properties. This is resulting in more sales, even if they are taking longer to sell than seen in recent years.
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