Sales and Market Trends:
Total residential sales for Auburn Bay stood at 34, maintaining consistency with the previous year
New residential listings increased to 33, marking a 22% YoY growth.
Inventory levels rose significantly to 48 units, reflecting a 78% YoY increase.
Months of supply for November was 1.41, slightly higher compared to last year, indicating a balanced market leaning towards a buyer's trend.
Price Metrics:
The overall benchmark price for residential properties reached $630,900, representing a 2.0% YoY increase.
Detached Homes: Average price at $804,300, unchanged from last year.
Semi-Detached Homes: Average price rose to $521,900 (12.5% YoY increase).
Row Houses: Slight price increase to $461,400 (7.3% YoY increase).
Apartments: Reached $373,800, reflecting a 6.0% YoY increase.
Sales-to-New-Listings Ratio (S/NL):
The S/NL ratio for November was 1.03, maintaining a balanced market dynamic.
Market Observations:
The detached and row housing segments retained steady sales volume with no significant year-over-year change.
Apartments showed a decline in sales but maintained stability in inventory levels.
Semi-detached homes experienced a notable sales surge (200% YoY increase) with inventory also showing growth.
This overview highlights a stable yet slightly cooling market as increased inventory provides buyers with more options while prices continue to trend upwards in key segments.
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