victoria core DETACHED - NOVEMBER 2 0 2 3
MONTHS OF INVENTORY 6.4 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2022
▲ 16% VS 2022
▲ 31% VS 2022
▼ 14% VS 2022
There were 406 detached listings in the Victoria Core in November, 8% below October and 31% higher than November 2022. November detached home sales decreased by 13% month-over-month, to 63, and were 14% below November 2022. The months of inventory for detached in the Victoria Core, at 6.4, reflected a balanced market. The detached median price in November was $1,299,900, a 8% increase from October and 16% above November 2022. The average sold price was $1,441,317, 1.8% above last month and up 11% to November 2022.
THIS MONTH No. $1,441,317 $1,299,900 6.4 63 406
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,297,657 $1,120,000 425% 73 310
11% 16% 52% -14% 31%
$1,416,223 $1,200,000 6.1 72 442
1.8% 8% 5% -13% -8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
34
398
453
442
406
400
310
297
354
314
282
258
23
233
219
161
143
139
109
151
112
102
73
94
63
72
58
52
$1.30M
$1.25M $1.25M $1.30M $1.27M $1.25M $1.34M $1.30M $1.17M $1.21M
$1.20M
$1.12M $1.10M
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
70
24+
24+
24+
60
50
40
30
20
6.1
5.4
5.0
4.0
3.9
3.9
10
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 2 n/a
4 20 5.0
12 48 4.0
15 59 3.9
13 70 5.4
9 55 6.1
1 33 33.0
1 42 42.0
7 27 3.9
1 50 50.0
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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