victoria west CONDO - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 6.3 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 35% VS 2023
▲ 11% VS 2023
▼ 22% VS 2023
▼ 50% VS 2023
There were 38 condo listings in Victoria West in November, 9% above October and 22% lower than November 2023. November condo sales decreased by 33% month-over-month, to 6, and were 50% below November 2023. The months of inventory for condos in Victoria West, at 6.3, reflected a balanced market. The condo median price in November was $862,500, a 35% increase from October and 11% above November 2023. The average sold price was $1,119,167, 47% above last month; the average PSF sale price was $771, down 13% to last month.
THIS MONTH No. $771 $1,119,167 $862,500 6.3 6 38
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12 49
-3% 35% 11% 55% -50% -22%
$888 $762,941 $638,567 3.9 9 35
-13% 47% 35% 63% -33% 9%
$798 $831,167 $779,500 4.1
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
62
38
37
53
51
49
54
38
41
40
35
21 35
35
34
33
17
17
15
21
12
14
11
10
10
6
9
8
6
$894K
$863K
$835K
$780K
$765K
$723K
$718K
$715K
$693K
$700K
$680K
$639K
$590K
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.
12
10.0
4+ bdrms
10
8.0
8
1
6.0
3 bdrms
6
4
4
2.0
2 bdrms
23
2
1.0
0
1
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 10 10.0 1 8 8.0 2 12 6.0 0 5 n/a 1 2 2.0 1 1 1.0
<2 bdrms
15
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. 46 ●
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