Sidney Real Estate Market Stats: November 2023 Update

Are you considering buying or selling a single-family home in the charming community of Sidney, BC? If so, you'll want to stay up-to-date on the latest real estate market trends. In this November 2023 update, we'll provide you with the most recent data from the national MLS, including the number of active listings, recent sales, median sale prices, and average days on the market.

Current Market Snapshot (November 2023):

  • Number of Active Listings: 19
  • Number of Sales: 4
  • Median Sale Price: $953,500
  • Average Days on Market: 15

Number of Active Listings

  • November 2023: 19
  • October 2023: 23
  • November 2022: 18

As of November 2023, there are 19 single-family homes available on the market in Sidney. While this is a slight decrease compared to the 23 listings in October 2023, it is higher than the 18 listings in November 2022. This suggests that there is still a healthy inventory of homes for prospective buyers to choose from.

Number of Sales

    • November 2023: 4
    • October 2023: 6
    • November 2022: 7

        In November 2023, there were 4 single-family home sales in Sidney. This represents a decrease from the 6 sales in October 2023 and is also lower than the 7 sales recorded in November 2022. While the market remains stable, there has been a slight decrease in sales activity compared to both the previous month and the same period last year.

        Median Sale Price

        • November 2023: $953,500
        • October 2023: $1,085,000
        • November 2022: $1,025,000

        The median sale price for single-family homes in Sidney, BC, in November 2023 is $953,500. This represents a decrease from the previous month's median sale price of $1,085,000. When compared to November 2022, when the median sale price was $1,025,000, there has been a slight decrease in property values. It appears that the market has experienced a modest correction in median sale prices between November 2022 and November 2023.

        Average Days on Market

        Average Days on Market

        • November 2023: 15
        • October 2023: 24
        • November 2022: 33

        Homes in Sidney are spending an average of 15 days on the market, which is a decrease from the 24 days in October 2023 and significantly lower than the 33 days in November 2022. This indicates that properties are selling relatively quickly, making it a competitive market for buyers.

        Conclusion

        The Sidney, BC single-family home market remains dynamic and attractive to both buyers and sellers. While the number of active listings has decreased slightly, indicating a healthy but competitive inventory, median sale prices have seen modest fluctuations. The decrease in average days on market suggests a faster pace of sales, which can be advantageous for sellers.

        Whether you're looking to buy or sell a home in Sidney, BC, it's essential to stay informed about market trends and consult with a local real estate professional for personalized advice. If you're considering entering this market, now could be an opportune time to explore your options.

        Please keep in mind that real estate markets can vary from one neighborhood to another, so it's essential to consult with a local real estate expert who can provide you with insights specific to your area of interest. If you have any questions or need assistance with your real estate needs in Sidney, don't hesitate to reach out to our knowledgeable team. We are here to help you navigate the Sidney, BC real estate market successfully.

        Data sourced from National MLS as of December 2023. All information is believed to be accurate but is not guaranteed and should be independently verified.

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