Recorded Sales BY PROPERTY TYPE
% Δ
% Δ
Condos
Q4 '23
Q3 '23
Q4 '22
632
747
-15.4%
902
-29.9%
# SALES
$925,741,000 $941,078,875 -1.6% $1,121,933,422 -17.5%
SALES VOLUME
Sales overall declined 20.7% year-over-year and 12.4% quarter-over-quarter Condos saw the most signifcant decline of 29.9% compared to Q4 2022, but units with 3 or 4+ bedrooms were a signifcantly larger percentage of closings this quarter Houses saw the least decline, with a 15.4% decrease year- over-year and 8.4% quarter-over-quarter, and a 3.0% hike in average price per square foot to the highest for a Q4 on record There were 25% more condos sold for $3M and above this year, climbing to 7.9% market share of condo transactions, and this group also saw its highest average and median price to date
3%
3%
-
2%
-
AVG. DISCOUNT
$999,000
$977,000
2.3%
$981,500
1.8%
MEDIAN PRICE
$1,464,780 $1,259,811 16.3% $1,243,829 17.8%
AVERAGE PRICE
AVERAGE PPSF
$1,218
$1,152
5.7%
$1,206
1.0%
AVERAGE SF
1,240
1,055
17.5%
1,059
17.1%
% Δ
% Δ
Co-ops
Q4 '23
Q3 '23
Q4 '22
422
509
-17.1%
513
-17.7%
# SALES
$263,542,198 $336,127,816 -21.6% $298,832,722 -11.8%
SALES VOLUME
4%
2%
-
4%
-
AVG. DISCOUNT
SALES
MEDIAN SALE PRICE
$425,000
$505,000 -15.8% $425,000
-
MEDIAN PRICE
AVERAGE PRICE
$624,508
$660,369 -5.4% $582,520
7.2%
$600K $650K $700K $750K $800K $850K $900K $950K $1.0M $1.1M
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
% Δ
% Δ
Houses
Q4 '23
Q3 '23
Q4 '22
1,074
1,172
-8.4%
1,269
-15.4%
# SALES
$1,452,640,715 $1,666,982,376 -12.9% $1,713,677,166 -15.2%
SALES VOLUME
8%
8%
-
8%
-
AVG. DISCOUNT
$1,077,500
$1,075,000 0.2% $1,075,000 0.2%
MEDIAN PRICE
$1,352,552
$1,422,340 -4.9% $1,350,415 0.2%
AVERAGE PRICE
Q4 '14Q4 '15Q4 '16Q4 '17Q4 '18Q4 '19Q4 '20Q4 '21Q4 '22Q4 '23 0 500
AVERAGE PPSF
$615
$622
-1.1%
$597
3.0%
AVERAGE SF
2,459
2,489
-1.2%
2,470
-0.4%
07
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