central saanich DETACHED - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 4.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 47% VS 2022
▲ 28% VS 2022
▲ 21% VS 2022
▲ 29% VS 2022
There were 41 detached listings in Central Saanich in November, 11% below October and 21% higher than November 2022. November detached home sales decreased by 25% month-over-month, to 9, and were 29% above November 2022. The months of inventory for detached in Central Saanich, at 4.6, reflected a sellers' market. The detached median price in November was $1,250,000, a 2% increase from October and 28% above November 2022. The average sold price was $1,630,278, 25% above last month and up 47% to November 2022.
THIS MONTH No. $1,630,278 $1,250,000 4.6 9 41
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,110,700 $980,000 486% 7 34
47% 28% -6% 29% 21%
12 46
25% 2% 19% -25% -11%
$1,299,708 $1,221,000 3.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
50
41
46
49
41
42
34
38
28
28
21
18
24
21
14
19
12
14
13
9
12
7
4
8
8
8
17
6
14
$1.27M $1.24M
$1.25M $1.22M $1.25M
$1.20M
$1.17M $1.20M $1.22M $1.25M
$980K
$980K
$975K
Nov-22
Oct-23
Nov-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
14
14.0
12
10
8
6
5.0
4
2
1.5
0.7
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 0 n/a
2 3 1.5
1 14 14.0
3 2 0.7
0 3 n/a
0 2 n/a
0 5 n/a
0 2 n/a
2 10 5.0
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.
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