South Central
South Central

South Central Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

18

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 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

13

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*

18

New

9(0% YoY)

Relisted

1(0% YoY)

Compared to number of active, same period, in 2024: 6, in 2023: 2, in 2022: 3

Total Sold Listings*

1

Median Sold Price

$374,900

Avg Days on Market

13 days

Median Bidding

-

Compared to number of sold, same period, in 2024: 2, in 2023: 5, in 2022: 9

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - South Central - All types

Sold vs Active vs New vs Relisted - South Central - All types

Sold Price Distribution - South Central - All types

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

Property Type Distribution - South Central - All types

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

Median Price - South Central - All types

Population and Demographics

Overview

Total population 3124
Average household income $85,062

Age (%)

20 to 34
27%
65 and plus
20%
50 to 64
19%
35 to 49
17%
0 to 19
17%

Household composition (%)

Single family
46%
Single person
42%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
94%
Others
4%
French
1%

House tenancy (%)

Renters
55%
Owners
45%

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

3/5

Some day-to-day needs are within walking distance

Shopping, Food and Nightlife

Cafes

3/5

Some cafés within walking distance

Groceries

4/5

At least one grocery store within a few minutes' walk

Nightlife

2/5

Few or no bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

3/5

Some restaurants within walking distance