Meadowbrook Park: Located at 444 Kingsdale Ave, it offers off-leash dog areas, convenient parking, a basketball court, and a delightful playground for the little ones. As we transition into November, we’re at Meadowbrook Park to present Kingston’s latest real estate market update. Let’s jump into the numbers and trends from this vibrant location for our Kingston Real Estate Market Update – November 2023 edition!
Kingston Real Estate Market Stats – November 2023
- Kingston’s residential transactions in November totaled 95, a decrease from 107 in October.
- Year-to-date transactions stood at 1,465, marking a 16% decline compared to the same period last year.
- In November, properties in Kingston spent an average of 32 days on the market, slightly up from 31 days in October.
- The average time on the market year-to-date was 28 days, representing a significant 68% increase from the previous year.
- The average sale price in Kingston for November was $591,000, down from the $599,000 average in October.
- Year-to-date, the average sale price was $624,000, indicating a 6% decrease from the same period last year.
- Kingston ended November with five months of inventory, consistent with the previous two months, and the year-to-date average was 3.5 months, a notable 90% increase from last year.
- Of the 95 transactions, 60% were under $600,000.
- For active listings, 60% are priced over $600,000.
- Average days on the market vary by price range: properties under $600,000 average 27 days, while those over $600,000 average 50 days.
- The market shows a clear distinction in movement between properties below and above the $600,000 mark.
That concludes our Kingston Real Estate Market – November 2023 edition. Thank you for watching, and see you next month! We hope you found this helpful, be sure to follow our blog and like/subscribe to our channel on YouTube for more videos just like this.
