The neighborhood's primary market indicator is the median sold price, which stands at 1,680,000, signaling the representative recent sale level and anchoring valuation discussions for SFR and condominium assets; use sold prices over asking prices for transaction-based valuation.

Transaction velocity appears slow: the median days on market is 243, which may indicate longer negotiation timelines and slower sales velocity relative to typical turnover; pricing friction and extended marketing periods could be contributing factors.

There is a meaningful divergence between the median listing price (2,950,000) and the median sold price (1,680,000), which suggests persistent pricing gaps and potential overpricing pressure in listing behavior that may be suppressing deal flow.

Market context shows broader headwinds: price year-over-year trend is down, rent year-over-year trend is down, and interest rate pressure is described as elevated; these factors together suggest constrained affordability and downward pressure on near-term price appreciation.

The neighborhood’s primary market indicator, the median sold price 600,000, indicates recent transaction-level value and, when viewed alongside a down price year-over-year trend, suggests sellers may need to calibrate expectations against realized sale prices rather than asking prices.

The median days on market 303 points to materially slower sales velocity; this extended time to contract may indicate pricing friction or buyer hesitation and suggests sellers should expect longer marketing periods and consider staged pricing or targeted incentives to accelerate transactions.

There is a notable gap between the median listing price 475,000 and the median sold price 600,000, which may reflect mismatches between seller expectations and recent sale outcomes; agents should use comparable solds to set defensible list strategies and avoid extended time on market.

Market-level context shows a median market rent 2,600 and median price per square foot 597 while rent year-over-year trend is down and interest rate pressure is elevated; investors and owner-occupiers should weigh softer rent growth and higher financing costs into purchase underwriting and hold/rehab planning.