IMPERIAL GOLF ESTATES 2024 MARKET REPORT and 5-YEAR REVIEW

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Median Price and Sales
The median price of the Single Family homes sold in Imperial Golf Estates (Imperial) has more than doubled since 2020, while sales recovered in 2024 from the slowdown in 2022 and 2023.
The median price of the small number of Villas sold in Imperial has continued to increase year by year, while sales have been at a consistent level.
The median price of the Condos sold in Imperial in 2024 showed a small decline, but sales were just half the 2023 level.
While Inventory has increased sharply from the extremely low levels of 2022/23, it is at the low end of the pre-COVID levels at the beginning of the season.


Price per Sq Ft (PSF) and Speed of Sales (Days to Offer Accepted – DTO)

PSF is another way to look at prices. It has increased year by year in line with median prices; for Condos it declined in 2024, as did median prices.
Sales have been taking longer since Q3 2022, and, just like inventory, the pace has returned to more like pre-COVID experience.


INVENTORY

While Inventory has increased sharply from the extremely low levels of 2022/23, it is at the low end of the pre-COVID levels at the beginning of the season.

COMMENT
With the market returning to more normal conditions, pricing and condition are again important. If you are thinking of selling, please contact me for a current market analysis for your property.