The Numbers

September 2023 Real Estate Market Statistics

Average
Sale Price

Sale prices across the three primary sectors fell in September with Condos taking the biggest hit. As buyers start to settle in for the winter break prices will continue to decline on average which will also drive inventory and competition down. Expect all sectors to stabilize in October.

Single Family

$493,328 (-0.4%)

Condominium

$182,103 (-5.7%)

Duplex

$353,929 (-5.2%)

Townhouse

$353,929 (-5.2%)

Average
Days on Market

Despite the decline in average sale prices, homes are still selling at a slightly quicker clip than the yearly average. I would anticipate days on market to continue to stretch out as we get further and further in fall/winter months.

Single Family

42 (44)

Condominium

42 (44)

Duplex

37 (39)

Townhouse

42 (46)

Total Listings & Sales

A sharp drop in sales as market fell nearly 10 points in September. While we shouldn’t see anything as equally drastic, it would be fair to anticipate listing inventory to start declining more as well.

Listings

3,116 (-3.3%)

Sales

2,058 (-8.4%)

Highest Sale

A one of a kind 3,800 sq ft Westbrook Estate took home the highest sale in September while another Botanica Apartment in St. Albert secures highest condo sale.

Single Family

$3,580,000

Condominium

$840,000

Duplex

$795,500

Townhouse

$535,000

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