It was a little surprising to see how prices increase in the 1st quarter of 2023. The median sales price for a Daybreak home climbed 3.64% to $577,578, while the number of homes sold dropped 35.59% and the time taken to sell a home rocketed up 562.5% to 53 days.
Daybreak Combined Home Sales
Median Sales Price: $577,578 up 3.64%
Total Sales: 114 down 35.59%
Days on Market: 53 up 562.50%
Single-Family Homes
Single-family home prices declined more than the general market, with a fall of 13.91% to stand at $624.950. Along with this, the total number of sales dropped 7.32% and the days on the market rose 220% to 48 days.
Single Family Home Sales
Median Sales Price: $624,950 down 13.91%
Total Sales: 76 down 7.32%
Days on Market: 48 up 220%
Townhomes / Twin Homes
The Townhome / Twin Home real estate market saw prices drop with twin homes down 5.19% to $549,900 and townhomes down 9.70% to $420,000. Days on market saw a really large jump climbing 685.71% to stand at 55 days.
Townhouse / Twin Home Sales
Townhome Median Sales Price: $420,000 down 9.70%
Townhome Total Sales: 35 down 58.82%
Twin Home Median Sales Price: $549,900 down 5.19%
Twin Home Total Sales: 3 up 200%
Days on Market: 55 up 685.71%
Condos
OK, so we cannot tell how the condo market is performing because there were no sales during the quarter.
Condo Home Sales
Median Sales Price: N/A
Total Sales: 0
Days on Market: N/A
Summary
Daybreak home prices are falling, with fewer homes selling and those that do sell taking longer to sell. The next quarter will be really interesting because the 2nd of 2022 was the peak in terms of median sales prices.
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