The Numbers
June 2023 Real Estate Market Statistics
Average
Sale Price
Single family experienced a slight (albeit expected) cooling in June from the noteworthy highs of the spring market. North of $500,000 sale price is still indicative of a sellers market though as all the other three sectors continue their price surge. Expect things to level off in July.
Single Family
$500,496 (-2.7%)
Condominium
$194,910 (+0.9%)
Duplex
$382,882 (+0.2%)
Townhouse
$257,812 (+1.7%)
Average
Days on Market
All four sectors moving a little faster. I would expect all sectors to remain close to these figures month over month.
Single Family
40 (45)
Condominium
55 (60)
Duplex
34 (40)
Townhouse
40 (48)
Total Listings & Sales
The spring market velocity is starting slow as we enter the summer months which is normal. Sellers typically eschew the market in favor of a holiday in the early summer months so except these numbers to continue to trend down.
Listings
3,694 (-3.9%)
Sales
2,596 (-4.6%)
Highest Sale
A 5,500+ sq ft estate in Magrath takes honor of highest sale in the city in June while another luxury apartment at the Botanica in St. Albert represents the highest condo sale showing a definitive appetite for maintenance free luxury living in the community.
Single Family
$2,200,000
Condominium
$2,456,500
Duplex
$1,150,000
Townhouse
$645,000
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