colwood TOWNHOME - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 12.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 33% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 48% VS 2022
▲ 48% VS 2022
▲ 50% VS 2022
▲ 100% VS 2022
There were 24 townhome listings in Colwood in November, 20% above October and 50% higher than November 2022. November townhome sales remained the same month-over-month, at 2, and were 100% above November 2022. The months of inventory for townhomes in Colwood, at 12.0, reflected a buyers' market. The townhome median price in November was $893,778, a 16% increase from October and 48% above November 2022. The average sold price was $893,778, 16% above last month; the average PSF sale price was $558, up 4% 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
$558 $893,778 $893,778 12.0 2 24
$421 $605,000 $605,000 1600% 1 16
-25% 100% 50%
$539 $768,648 $768,648 10.0 2 20
4% 16% 16% 20% 0% 20%
33% 48% 48%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
103
24
26 26
23
21
17
20
16
15
15
15
11
14
14
68
10
64
8
8
6
9
5
2
5
2
3
3
1
$894K
$795K
$795K
$785K
$769K
$758K
$743K
$734K
$725K
$730K
$625K
$605K
$597K
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.
7
4.0
4.0
4+ bdrms
6
3
5
1
4
3 bdrms
15
3
1
2
2 bdrms
6
1
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
0 6 n/a
1 4 4.0
0 2 n/a
1 4 4.0
0 7 n/a
0 1 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. 20 ●
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