Summary answer: If you own a single-family home, almost certainly yes — this segment has appreciated steadily and consistently since 2023, supported by structural land scarcity that's kept upward pressure on prices throughout. If you own a condo, the answer is more mixed: after real gains earlier in the period, the segment saw a genuine 7.4% decline in 2025, meaning your current value may be closer to, or in some cases below, where it stood in 2023, depending on your specific building and unit.
I'm Johnny with JQ Real Estate. Let me break down what's actually happened since 2023 for each segment.
The trajectory since 2023, by segment
| Period | Single-Family | Condo |
|---|---|---|
| 2023–2024 | Steady appreciation | Continued growth, slowing pace |
| 2025 | Continued strength | -7.4% decline |
| 2026 (current) | +3.8% projected | +2.1% modest recovery projected |
Why single-family owners have a clear, confident answer
The structural scarcity driving single-family appreciation has been consistent throughout this entire period — it's not a temporary trend that could have reversed. If you bought before 2023 or have owned since then, you've very likely built meaningful equity, and that trend shows every sign of continuing.
Why condo owners need a more careful, specific answer
This is where a blanket "yes, values are up since 2023" answer would genuinely mislead a condo owner. The 2025 correction was real and significant enough that some condo owners may be at or even slightly below their 2023 value, depending on when exactly they bought and which building they're in. This isn't true for every condo — some buildings and units held value better than others — but it's not safe to assume appreciation without checking your specific numbers.
How to actually find out where you stand
- Pull your specific building's recent comparable sales, not a general condo market trend
- Compare against your original purchase price and any updates you've made since buying
- Get a current comparative market analysis rather than relying on an automated estimate, which can lag behind fast-moving trend shifts like the recent condo correction and recovery
What this means if you're considering selling
Single-family owners are generally in a strong position to sell confidently. Condo owners should get a specific, current valuation before making decisions based on assumed appreciation — the segment's recovery is real but still early, and outcomes vary meaningfully by building.
Let's find out exactly where your home stands
I can pull real comparable sales for your specific property and tell you honestly how your value has actually moved since 2023. Reach out and let's get you a real answer.