Market Overview:
In November 2024, McKenzie Towne's real estate market showcased notable trends across various property types. The benchmark price for total residential properties stood at $496,100, marking a 4.3% year-over-year increase. Sales totaled 28 transactions, reflecting a slight decline of 3% compared to last year. Inventory levels were at 34 units, resulting in a months-of-supply ratio of 1.21, indicating a balanced market leaning towards sellers.
Detached Homes: The benchmark price rose to $639,000, up by 3.4% year-over-year.
Semi-Detached Homes: The benchmark price reached $478,800, showing an 8% increase.
Row Housing: These units saw a price of $428,000, with a notable 7.9% yearly growth.
Apartments: The benchmark price was $340,400, reflecting a 6.8% year-over-year rise.
Community Features and Shopping:
McKenzie Towne remains a vibrant community with its pedestrian-friendly design and ample amenities. Its commercial district, High Street, offers a mix of boutique shops, restaurants, and essential services, making it a central hub for residents. Additionally, larger retail outlets and grocery stores in the area cater to the daily needs of the community, enhancing its appeal as a family-friendly neighborhood.
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