McKenzie Lake
McKenzie Lake

McKenzie Lake Housing Market Report

Strong Seller's Market

All types - for the month of March

Buyer's market Seller's market

1

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

30

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

13

New

18(+12.50% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 5, in 2023: 12, in 2022: 0

Total Sold Listings*

18

Median Sold Price

$626,200

Avg Days on Market

30 days

Median Bidding

-$6,000

Compared to number of sold, same period, in 2024: 21, in 2023: 17, in 2022: 1

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - McKenzie Lake - All types

Sold vs Active vs New vs Relisted - McKenzie Lake - All types

Sold Price Distribution - McKenzie Lake - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - McKenzie Lake - All types

Property type distribution based on data from the last 3 months.

Median Price - McKenzie Lake - All types

Population and Demographics

Overview

Total population 11759
Average household income $174,039

Age (%)

0 to 19
26%
50 to 64
24%
35 to 49
22%
20 to 34
17%
65 and plus
12%

Household composition (%)

Single family
81%
Single person
15%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
88%
Others
5%
Spanish
2%
Tagalog (Pilipino, Filipino)
2%
French
1%

House tenancy (%)

Owners
88%
Renters
12%

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

2/5

Other transportation modes are needed to reach day-to-day needs

Transit Friendly

2/5

Few transit options

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

1/5

No grocery stores within walking distance

Nightlife

1/5

Few or no bars within walking distance

Shopping

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance