The Numbers

October 2023 Real Estate Market Statistics

Average
Sale Price

Sale pricing in the single family market is starting to stabilize month over month – this from its precipitous fall in September. Condo and duplex markets surged due to affordability. We anticipate all four sectors to maintain over November with prices starting slowly starting to climb in the new year.

Single Family

$486,751 (-1.4%)

Condominium

$203,663 (+11.8%)

Duplex

$385,895 (+9.0%)

Townhouse

$258,779 (-3.1%)

Average
Days on Market

The noticeable cooling of the market has stretched out all sectors to 40+ days on market. It would be fair to assume this trend continues through December.

Single Family

43 (44)

Condominium

61 (59)

Duplex

47 (40)

Townhouse

42 (46)

Total Listings & Sales

Listings continue to fall as many families settle in for the holidays, no doubt correlating in a decrease in sales. Less inventory on the market means less competition.

Listings

2,753 (-8.8%)

Sales

1,812 (-12.0%)

Highest Sale

An executive walkout bungalow in Windemere secures the highest sale while the Penthouse at the Pearl secured a stagging $3M sale downtown. No doubt a positive indicator for the rest of the apartment market.

Single Family

$2,058,000

Condominium

$3,000,000

Duplex

$1,000,000

Townhouse

$540,750

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