HOW’S THE MARKET? – December 2023

January 1, 2024

In the December market update, we observed a notable decline in both the number of sales and active listings on the board. It’s not unusual for December to be a quieter month as people focus on holiday festivities and family time. However, the exciting news is that inquiries from buyers have started coming in more steadily shortly after Christmas and continue into January. This trend is promising for those currently on the market or considering entering it in early spring. In December, we had the pleasure of helping four families secure their new homes. Interestingly, three out of those four families initiated their search during the summer months, highlighting the time and patience it sometimes takes to find the perfect home or negotiate a favorable deal. As we move forward into the new year, we remain optimistic about the market’s momentum and look forward to helping more families in their real estate endeavors.

Here’s a quick breakdown of the stats in our area:

In Grey Highlands 3 homes sold with an average price of $606,167 compared to 8 sold in December 2022 with an average price of $1,026,250

In West Grey 7 homes sold with an average price of $750,286 compared to 10 sold in December 2022 with an average price of $680,200

In Chatsworth 3 homes sold with an average price of $1,240,833 compared to 2 sold in December 2022 with an average price of $1,487,500

In Southgate 2 homes sold with an average price of $675,000 compared to 2 sold in December 2022 with an average price of $887,500

All my stats come from the local real estate board and are for residential listings in Grey Highlands, West Grey, Chatsworth Twp and Southgate.

 To find out more on how your area’s Real Estate Market is doing, take a look below: 

  Click on each image to enlarge

Here’s a breakdown to compare the total numbers for the past 6 months: