The Numbers
July 2023 Real Estate Market Statistics
Average
Sale Price
Benchmark single family pricing remains north of $500,000 again as we start to see the natural curbing and cooling of the spring market. Expect prices to start to fall a touch in August but not much.
Single Family
$503,542 (+0.6%)
Condominium
$194,283 (-0.1%)
Duplex
$378,902 (-1.0%)
Townhouse
$264,128 (+2.6%)
Average
Days on Market
All market sectors are selling slightly faster than the yearly average which is surprising to see late in July. Homes are sitting in the classic 30-45 day window which portends to a balanced market. It would be reasonable to anticipate this remaining for August.
Single Family
44 (45)
Condominium
58 (60)
Duplex
35 (39)
Townhouse
41 (47)
Total Listings & Sales
A noticeably substantial cooling of listings and therein sales for July. Many families elect to leave the city on holidays when school lets out putting the real estate market at ease – both these numbers will shoot up in August as families look to get settled prior to September.
Listings
3,353 (-7.4%)
Sales
2,323 (-10.4%)
Highest Sale
A sprawling 7,000 sq. Ft Windemere estate watermarks the highest sale for single family homes in greater YEG while a 2,000 sq ft apartment in Westblock Glenora takes home the highest condo sale.
Single Family
$2,600,000
Condominium
$1,732,500
Duplex
$879,000
Townhouse
$900,000
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