westshore TOWNHOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 15% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 131% VS 2023
▼ 8% VS 2023
▼ 8% VS 2023
▼ 15% VS 2023
There were 87 townhome listings in the Westshore in November, 19% below October and 15% lower than November 2023. November townhome sales decreased by 14% month-over-month, to 30, and were 131% above November 2023. The months of inventory for townhomes in the Westshore, at 2.9, reflected a sellers' market. The townhome median price in November was $728,500, a 5% decrease from October and 8% below November 2023. The average sold price was $744,894, 6% below last month; the average PSF sale price was $499, up 0.9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30 87
$434 $808,030 $790,000 7.8 13 102
-63% 131% -15%
$495 $792,626 $767,900 3.1 35 107
0.9% -6% -5% -5% -14% -19%
$499 $744,894 $728,500 2.9
15% -8% -8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
122
129
53
120
103
115
111
102
109
107
106
41
90
87
87
35
44
35
31
30
36
34
11
27
27
27
22
13
14
$790K
$772K
$768K
$761K
$738K
$745K
$741K
$745K
$730K
$731K
$729K
$685K
$680K
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.
35
3
30
8.0
4+ bdrms
14
6.7
25
15
20
3 bdrms
50
15
3.0
2.5
2.0
11
10
1.5
2 bdrms
21
5
0
1
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES
2
2 5 2.5
10 15 1.5
11 33 3.0
3 20 6.7
3 6 2.0
1 8 8.0
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. 12 ●
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