colwood DETACHED - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 4.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 18% VS 2023
▲ 4% VS 2023
▲ 30% VS 2023
▼ 19% VS 2023
There were 58 detached listings in Colwood in November, 15% below October and 19% lower than November 2023. November detached home sales decreased by 41% month-over-month, to 13, and were 30% above November 2023. The months of inventory for detached in Colwood, at 4.5, reflected a sellers' market. The detached median price in November was $1,096,500, a 0.3% decrease from October and 4% above November 2023. The average sold price was $1,170,342, 4% above last month and up 18% 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 58
10 72
18% 4% -38% 30% -19%
22 68
4% -0.3% 44% -41% -15%
$1,170,342 $1,096,500 4.5
$1,129,752 $1,100,000 3.1
$994,150 $1,052,000 7.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
72
37
68
67
76
74
73
33
68
33
64
58
50
51
50
48
31
22
22
16
25
14
23
18
13
16
10
14
13
$1.25M
$1.18M $1.11M $1.12M
$1.10M
$1.10M $1.10M
$1.05M $1.01M $1.05M $1.03M
$958K
$964K
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
15
4.0
3.4
10
2.0
5
1.0
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
1 1 1.0
3 6 2.0
5 17 3.4
3 15 5.0
0 7 n/a
1 4 4.0
0 7 n/a
0 1 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. 20 ●
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