The Numbers
January 2023 Real Estate Market Statistics
Average
Sale Price
The single family sector saw rather substantial decrease in the month of January while both the condo and townhouse sectors flourished. High interest rates and a sleepy December have slowly put the squeeze on the single family market taking many buyers off the board and pushing them towards the much more affordable condo and townhouse market. Expect single family to stabilize and the other three sectors to level out in February.
Single Family
$451,669 (-4.2%)
Condominium
$189,631 (+5.5%)
Duplex
$355,086 (-0.9%)
Townhouse
$247,761 (+4.4%)
Average
Days on Market
Still shaking off the cobwebs of a winter market the days on market for all 4 sectors is pronounced. Due to decreasing inventory and a little more buyer aggression in recent weeks – expect all days on market to fall.
Single Family
65 (65)
Condominium
82(82)
Duplex
50 (50)
Townhouse
63 (63)
Total Listings & Sales
The 94.8% is misleading – many home elect to refresh in the new year and that is what we are seeing. Nice to see the sales climb.
Listings
2,297 (+94.8%)
Sales
986 (+0.2%)
Highest Sale
Highest single family sale is a Glenora Modern Farmhouse with suite above the triple garage. St. Albert meanwhile takes the crown for highest apartment sale with a penthouse suite in the Botanica building.
Single Family
$1,770,000
Condominium
$1,640,000
Duplex
$739,000
Townhouse
$545,000
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