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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