westshore TOWNHOME - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 8.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.5% VS 2022
▲ 7% VS 2022
▲ 8% VS 2022
▼ 32% VS 2022
There were 141 townhome listings in the Westshore in November, 2% below October and 8% higher than November 2022. November townhome sales decreased by 15% month-over-month, to 17, and were 32% below November 2022. The months of inventory for townhomes in the Westshore, at 8.3, reflected a buyers' market. The townhome median price in November was $788,655, a 7% increase from October and 7% above November 2022. The average sold price was $790,778, 7% above last month; the average PSF sale price was $433, down 5% 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
$433 $790,778 $788,655 8.3 17 141
$463 $779,120 $735,000 520% 25 130
-7% 1.5% 7% 60% -32% 8%
$457 $740,538 $735,198 7.2 20 144
-5% 7% 7% 15% -15% -2%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
53
132
141
130
144
123
122
118
118
108
117
111
102
91
43
42
39
24
41
36
25
25
30
26
17
25
23
20
18
$795K
$789K
$759K
$754K
$747K
$735K
$732K
$735K
$713K
$712K
$720K
$719K
$608K
Nov-22
Oct-23
Nov-23
▶ 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.
40
4
13.0
4+ bdrms
12.5
29
11.0
30
12
3 bdrms
7.0
81
20
6.5
4.5
1
2 bdrms
10
29
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 3 33 11.0 6 39 6.5 3 21 7.0 1 13 13.0 2 25 12.5 0 1 n/a 2 9 4.5
2
Copyright © 2023 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 11, 2023. 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. 11 ●
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