saanich east DETACHED - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 8.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▲ 3% VS 2022
▲ 50% VS 2022
▼ 37% VS 2022
There were 161 detached listings in Saanich East in November, 6% below October and 50% higher than November 2022. November detached home sales decreased by 30% month-over-month, to 19, and were 37% below November 2022. The months of inventory for detached in Saanich East, at 8.5, reflected a buyers' market. The detached median price in November was $1,200,000, a 0% change from October and 3% above November 2022. The average sold price was $1,346,114, 2% below last month and up 4% to November 2022.
THIS MONTH No. $1,346,114 $1,200,000 8.5 19 161
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,298,483 $1,169,000 357% 30 107
138% -37% 50%
$1,380,464 $1,200,000 6.3 27 171
-2% 0% 34% -30% -6%
4% 3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
37
172 171
161
33
147
124
135
107
93
91
87
98 62
93 56
79
21
41
39
53
47
45
30
41
16
19
27
20
$1.37M $1.40M
$1.34M $1.30M
$1.30M $1.26M
$1.25M
$1.23M $1.20M
$1.20M $1.20M
$1.17M $1.13M
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
18.0
30
13.0
13.0
20
6.3
10
4.0
2.7
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
0 1 n/a
6 16 2.7
4 25 6.3
2 36 18.0
5 20 4.0
0 17 n/a
1 13 13.0
1 13 13.0
0 20 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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