The Yukon real estate market continued to be volatile in the third quarter of 2023.

According to the latest report from the Yukon Bureau of Statistics, the total value of real estate transactions in Yukon was $131.1 million: $107.9 million in Whitehorse and $23.1 million for the rest of the Yukon.

Perhaps of most significance, the average sale price of a single-detached house in Whitehorse was $664,600. That’s a decrease of $36,500, or 5.2 per cent, from the third quarter of 2022.

Some other types of housing showed a similar decline, including condos.

“The average condominium apartment sale price in Whitehorse was $426,600, a decrease of $32,700, or 7.1 per cent, from the third quarter of 2022,” the report says.

“The total value of Yukon’s real estate transactions in the third quarter of 2023 decreased compared to the third quarter of 2022.

“In the third quarter of 2023, the total value of real estate transactions was $131.1 million compared to $142.1 million during the same period in 2022, a decrease of $11.0 million, or 7.7 per cent.

The report indicated that in Whitehorse, during the third quarter of 2023, the number of residential real estate sales and average prices by type of dwelling were as follows:

• Single-detached houses (including country residential properties): 80 sales, compared to 100 in the third quarter of 2022. The average sale price was $664,600, a decrease of $36,500, or 5.2 per cent, from the third quarter of 2022 ($701,200).

Excluding country residential properties, the average sale price of single‑detached houses was $641,000, a decrease of $50,900, or 7.4 per cent, from the third quarter of 2022 ($691,900).

In Whitehorse, a total of 195 real estate transactions were recorded in the third quarter of 2023, an increase of seven compared to the third quarter of 2022 (188).

• A total of 80 single-detached houses were sold in the third quarter of 2023. This number of sales was 27 fewer than the average number of third quarter sales (107) in the previous five years.

• In the third quarter of 2023, 20 semi‑detached houses were sold in Whitehorse, six more than the average number of third quarter sales (14) in the previous five years.

• A total of 45 row houses were sold in the third quarter of 2023, a drop of two, compared to the third quarter of 2022 (47).

• A total of 32 condominium apartments were sold in the third quarter of 2023, an increase of 15 compared to the third quarter of 2022 (17).

A total of nine mobile homes were sold in the third quarter of 2023, one fewer than the average number of sales (10) in the third quarter of the past five years.