highlights • Therewere536 M LS salesin G reaterVictoriain N ovem ber,a15% m onth-over-m onth decrease thatwasin linewith thetypical14% O ctober-to-N ovem berdecline.Forthesecond consecutive m onth,salesw ereatornearhistoricaly averagelevels.Saleslastm onth w ere1.2% below the prior10-yearN ovem beraverageof543. • Townhom esaleswerethefurthestabovetheir10-yearN ovem beraverage(+33%,to77),folowed bycondos(+5%,to184).In contrast,detached hom esaleswerebelow average(-10%,to244). • Forthefifth consecutivem onth,saleswereup relativeto thesam em onth lastyear,which cor elateswith thebeginningoftheBank ofCanada’sratecutingcam paign in June.In N ovem ber,saleswereup 38% year-over-year,led bytownhom es(+48%)and folowed bycondos (+47%)and detached hom es(+32%).
GREATERVICTORIA THERENNIEADVANCE sales
NOVEMBER 2024
800
+ 32% vsN ov2023
700
600
500
400
272 10 yrNovAvg
300
200
DETACHED sales
244
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100
- 10% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
+ 48% vsN ov2023
200
150
58 10 yrNovAvg
100
77
TOWNHOME sales
50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 33% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
+ 47% vsN ov2023
100 150 200 250 300 350 400
175 10 yrNovAvg
184
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50
+ 5% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber3,2024.Aldatafrom theVictoriaRealEstateBoard& Ren ie. W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsastherecipientm ay de m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochange andanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 3 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online