Renfrew County home sales and listings both showed gains last month, although they still lag behind long-term averages.
The Renfrew County Real Estate Board reports the number of homes sold through its Multiple Listing Service (MLS) system totalled 212 units in May 2023.
This was a gain of 6% (12 sales) from May 2022, but remained 11.5% below the five-year average and 5.4% below the 10-year average for the month of May.
On a year-to-date basis, home sales totalled 581 units over the first five months of the year, down sharply by 29.3% from the same period in 2022.
The average price of homes sold in May 2023 was $467,185, a decrease of 1.8% from May 2022.
Locally, Deep River saw 11 home sales, up from five in May 2022, while Chalk River held steady at seven sales.
The average price of homes sold in Deep River last month was $413,917, down from $450,980 the year before.
In Chalk River, the average price was $411,622 in May 2023, up slightly from $410,286 in May 2022.
Year to date, there have been 31 sales in Deep River in 2023, up two from 29 in 2022.
The average price of homes sold this year is $349,945, down almost 20 per cent from $435,331 last year.
In Chalk River, sales are down from 26 in 2022 to 20 in in 2023.
The average price has slipped slightly from $366,704 last year to $352,493 this year.
There have been two sales so far in “Laurentian Hills North,” up from one to this point in 2022, and two sales in Head township (Mackey, Stonecliffe), the same as 2022.
Despite the slight drop in sales across North Renfrew (55 homes in total so far in 2023, compared to 58 in the first five months of 2022), the area remains a strong market compared to other communities in Renfrew County.
Sales in Petawawa, for example, have fallen almost 37 per cent (136 vs 215) and more than 43 per cent in Arnprior (62 vs 110).
The average price for homes sold in Petawawa this year is $478,442, down from $515,579 last year, while the average for Arnprior has fallen 18 per cent, from $587,900 in 2022 to $482,598 in 2023.
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