victoria core CONDO - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 3.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 7% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 0.4% VS 2023
▲ 3% VS 2023
▲ 49% VS 2023
▼ 7% VS 2023
There were 487 condo listings in the Victoria Core in November, 13% below October and 7% lower than November 2023. November condo sales increased by 4% month-over-month, to 128, and were 49% above November 2023. The months of inventory for condos in the Victoria Core, at 3.8, reflected a sellers' market. The condo median price in November was $536,894, a 3% increase from October and 3% above November 2023. The average sold price was $623,266, 1.6% above last month; the average PSF sale price was $654, down 1.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 123 560
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
128 487
$700 $620,491 $520,000 6.1 86 525
-7% 0.4% 3% -38% 49% -7%
-1% 1.6% 3% -16% 4% -13%
$654 $623,266 $536,894 3.8
$660 $613,621 $519,900 4.6
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
600
574
37
560
553
540
525
580
33
487
513
469
414
410
409
183
22
149
133
128
138
134
125
124
86
123
112
88
73
$572K
$558K
$557K
$550K
$550K
$543K
$541K
$538K
$537K
$520K
$525K
$520K
$500K
Nov-23
Oct-24
Nov-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
200
17.0
4+ bdrms
150
4
3 bdrms
15
100
6.5
5.6
5.0
79
4.3
50
2 bdrms
3.2
283
2.8
1.5
0
45
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 65 211 3.2 27 115 4.3 9 50 5.6 1 17 17.0 4 26 6.5 4 20 5.0 2 3 1.5 16 45 2.8
<2 bdrms
189
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 9, 2024. All data from Victoria Real Estate Board & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 10 ●
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