Market Performance
McKenzie Lake’s real estate market in November 2024 demonstrated strong activity, with slight price increases in certain categories:
Total residential benchmark price: $709,500, reflecting a 5.7% year-over-year (Y/Y) increase.
Sales activity: 13 homes sold, marking an 8% Y/Y increase.
Inventory levels: 10 active listings, down 23% Y/Y, with 1.30 months of supply.
Average days on market (DOM): Homes averaged 23 days on the market before selling.
Housing Types
Detached homes: The benchmark price for detached homes is $725,000, with 6 homes sold and inventory levels continuing to remain low.
Semi-detached homes: The benchmark price for semi-detached homes is $681,115, with moderate demand.
Row and apartment homes: Limited activity in row and apartment categories with just a few units sold.
Community Features
McKenzie Lake is well-known for its natural beauty and outdoor recreational opportunities:
Lake Sports and Recreation:
The community is built around McKenzie Lake, offering residents a variety of water sports throughout the year, including boating, fishing, and swimming in the summer months.
In winter, the lake freezes over, providing a perfect setting for ice skating and hockey.
Active Outdoor Lifestyle:
McKenzie Lake features pathways, green spaces, and outdoor areas designed for active living, making it an ideal environment for families and outdoor enthusiasts.
Family-Oriented Amenities:
The community offers several parks, a community center, and excellent local schools, fostering a family-friendly atmosphere.
McKenzie Lake continues to attract buyers seeking an active, family-friendly lifestyle with unparalleled access to outdoor lake sports and community-driven amenities. Its stable market conditions and robust property demand make it a highly desirable area for investment and long-term living.
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