Real Estate Updates

The Latest From The Valley & The Island

November 2024 Market Update

There were 566 unit sales and 3,478 active listings (all property types) board-wide on the System in November 2024, up 17 and three per cent, respectively.

Sales by Category
In the single-family category (excluding acreage and waterfront), 267 homes sold in November, up 14 per cent from one year ago and down 23 per cent from October.

Sales of condo apartments last month came in at 62, increasing by 13 per cent year over year and down 23 per cent from October. In the row/townhouse category, 76 units changed hands in November, up 58 per cent from one year ago and down eight per cent from October.

Active Listings
Active listings of single-family homes were 1,105 in November, up from the 1,040 posted one year ago. The inventory of condo apartments was 314 last month, up from 285 in November 2023. There were 257 row/townhouses for sale last month compared to 282 the previous year.

Benchmark Prices
November benchmark prices were as follows.

  • Single-family – $778,400 (up 2% y-o-y)
  • Apartment – $396,400 (down 1% y-o-y)
  • Townhouse – $544,400 (down 1% y-o-y)

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