victoria core DETACHED - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 3.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.5% VS 2023
▲ 16% VS 2023
▼ 0.2% VS 2023
▼ 18% VS 2023
There were 325 detached listings in the Victoria Core in November, 20% below October and 18% lower than November 2023. November detached home sales decreased by 29% month-over-month, to 100, and were 16% above November 2023. The months of inventory for detached in the Victoria Core, at 3.3, reflected a sellers' market. The detached median price in November was $1,217,500, a 1.5% increase from October and 1.5% above November 2023. The average sold price was $1,411,640, 3% above last month and down 0.2% 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
100 325
$1,413,887 $1,200,000 4.6 86 397
-0.2% 1.5% -30% 16% -18%
140 406
3% 1.5% 12% -29% -20%
$1,411,640 $1,217,500 3.3
$1,375,363 $1,200,000 2.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
473
517
514
513
406
397
448
437
29
28
316
362
325
268
260
185
167
140
140
124
153
100
129
86
105
97
77
66
$1.34M $1.32M
$1.27M $1.27M $1.26M $1.22M $1.20M $1.22M
$1.20M $1.20M $1.15M $1.20M $1.21M
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
70
60
14.3
50
10.3
40
30
5.8
5.3
20
3.9
3.4
10
1.7
1.3
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
2 2 1.0
21 27 1.3
30 50 1.7
19 64 3.4
11 43 3.9
6 32 5.3
4 41 10.3
4 23 5.8
3 43 14.3
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. 8 ●
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