The Numbers

November 2023 Real Estate Market Statistics

Average
Sale Price

Single family price stabilizes a bit in November with only a -1.6% decrease month over month, while duplex and condo markets fell off sharply. Townhomes experienced a nice bump due to their quick possession and affordability. I would anticipate similar results for December to close out the year.

Single Family

$478,874 (-1.6%)

Condominium

$172,024 (-15.5%)

Duplex

$362,209 (-6.1%)

Townhouse

$271,092 (+4.8%)

Average
Days on Market

All 4 market sectors are slowly creeping back up to the yearly average, with Christmas season upon us, expect this trend to continue.

Single Family

46 (44)

Condominium

54 (58)

Duplex

39 (40)

Townhouse

42 (45)

Total Listings & Sales

More and more sellers are electing to pull off market for Christmas season, leaving the remaining properties on the market to see a nice price surge. As is almost always the case, challenging market normalities tends to pay off due to lack of competition.

Listings

2,125 (-20.9%)

Sales

1,637 (-9.1%)

Highest Sale

A Parkview masterpiece took home the highest sale. At over 3,200 sq. Ft, the mid century construction paired with the dreamy 11,000 sq ft lot was the necessary ingredients for highest single family purchase, while a 4,300+ sq ft sub penthouse in Oliver represented highest apartment sale.

Single Family

$2,500,000

Condominium

$1,800,000

Duplex

$690,000

Townhouse

$460,000

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