metchosin DETACHED - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 16.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 433% VS 2022
▼ 35% VS 2022
▼ 35% VS 2022
▼ 50% VS 2022
There were 16 detached listings in Metchosin in November, 11% below October and 433% higher than November 2022. November detached home sales decreased by 50% month-over-month, to 1, and were 50% below November 2022. The months of inventory for detached in Metchosin, at 16.0, reflected a buyers' market. The detached median price in November was $1,655,000, a 7% increase from October and 35% below November 2022. The average sold price was $1,655,000, 7% above last month and down 35% to November 2022.
THIS MONTH No. $1,655,000 $1,655,000 16.0 1 16
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change -35% -35% 967% -50% 433%
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
2 3
$1,550,000 $1,550,000 9.0 2 18
7% 7% 78% -50% -11%
$2,539,500 $2,539,500 150%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
21
22
137
18
20
19
18
16
14
11
8
6
73
3
2
2
2
3
4
2
3
3
3
2
1
1
$2.54M
31
$2.00M
$1.55M $1.66M
$1.50M
$1.38M
$1.21M
$1.07M $1.01M $1.15M
$935K
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
4
4.0
3
2
1
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
0 1 n/a
0 3 n/a
1 4 4.0
0 3 n/a
0 4 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
●
27
Made with FlippingBook - professional solution for displaying marketing and sales documents online