central saanich DETACHED - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 3.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2023
▲ 44% VS 2023
▼ 11% VS 2023
▼ 7% VS 2023
There were 43 detached listings in Central Saanich in November, 23% below October and 5% higher than November 2023. November detached home sales increased by 8% month-over-month, to 13, and were 44% above November 2023. The months of inventory for detached in Central Saanich, at 3.3, reflected a sellers' market. The detached median price in November was $1,165,000, a 13% decrease from October and 7% below November 2023. The average sold price was $1,457,931, 4% below last month and down 11% to November 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
13 43
$1,630,278 $1,250,000 4.6 9 41
-11% -7% -27% 44% 5%
12 56
-4% -13% -29% 8% -23%
$1,457,931 $1,165,000 3.3
$1,521,533 $1,332,950 4.7
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
41
59
65
56
63
58
51
41
43
29
30
38
33
18
25
22
12
19
11
10
13
8
6
6
9
13
13
11
9
$1.38M
$1.33M
$1.27M
$1.25M
$1.16M $1.16M $1.22M
$1.17M
$1.13M $1.16M $1.18M $1.09M $1.17M
Nov-23
Oct-24
Nov-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
5.0
8
6
3.0
4
1.0
1.0
1.0
2
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
0 2 n/a
0 2 n/a
2 2 1.0
7 7 1.0
0 7 n/a
1 1 1.0
0 2 n/a
1 5 5.0
2 6 3.0
0 9 n/a
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. 19 ●
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