ALL PROPERTY TYPES

Q4 2022 Summary: All Property Types

Transaction volume was down -64% year-over-year (YOY)* in Q4. In Q4 of 2021, there was a total of 22 transactions, whereas Q4 of 2022 only saw 8 transactions.

Total sales value* was down -57% YOY in Q4 of 2022. In Q4 of 2021, there was more than $88M in sales value transacted. In Q4 2022, that number dropped to nearly $38M.

Price per square foot (PPSF)* continues to grow YOY, and was up significantly from the same period last year: +47%. Price per square foot on waterfront properties was up +50%, whereas non-waterfront only increased by +10% YOY in the fourth quarter.

FOOTER: Glossary

Year-over-year (YOY ): A method of evaluating two or more measured events, comparing the results of one period with those of a comparable period on an annualized basis.

Total sales value : The sum of all sales during a period of time.

Price per square foot (PPSF): A calculation of the value of each square foot of area of a house, condo or any building. It is calculated by dividing the price by the square footage.

PPSF: Home Size: Home size is based on the current under air square footage.

PPSF: Lot Size: This is based on the PPSF of the total lot.