colwood DETACHED - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 15.2 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 38% VS 2022
▼ 18% VS 2022
▼ 9% VS 2022
0.0% VS 2022
There were 76 detached listings in Colwood in November, 15% above October and 38% higher than November 2022. November detached home sales decreased by 67% month-over-month, to 5, and were the same in November 2022. The months of inventory for detached in Colwood, at 15.2, reflected a buyers' market. The detached median price in November was $1,082,000, a 1.9% decrease from October and 9% below November 2022. The average sold price was $1,040,800, 13% below last month and down 18% to November 2022.
THIS MONTH No. $1,040,800 $1,082,000 15.2 5 76
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,264,600 $1,188,000 1100% 5 55
-18% -9% 38% 0% 38%
15 66
-13% -1.9% 245% -67% 15%
$1,200,122 $1,102,395 4.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
37
76
66
62
57
66
55
49
57
47
28
28
46
45
40 22
40
25
23
15
21
10
17
16
14
13
5
5
9
$1.21M $1.14M
$1.19M
$1.10M $1.08M
$1.08M $1.06M $1.01M
$1.02M $1.09M $1.07M $1.06M
$963K
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
25
6.8
20
4.0
15
10
5
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 4 4.0
0 14 n/a
4 27 6.8
0 8 n/a
0 9 n/a
0 9 n/a
0 3 n/a
0 2 n/a
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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