highlights • Forthefirsttim esinceM arch,new listingsin G reaterV ictoriaw erebelow historicaly average levels.Therewere679 new M LS listings,which was5% below theprior10-yearN ovem ber averageof714.N ew townhom elistingswereaboveaverage(+17%,to84),aswerenew condo listings(+5%,to 242),whilenew detached hom elistingswerebelow average(-19%,to 294). • N ew listingsweredown 37% m onth-over-m onth,which wasnearlydoublethetypical20% O ctober-to-N ovem berdrop. • O n ayear-over-yearbasis,new listingsweredown 16% from N ovem beroflastyear(805 new listings).N ew detached hom elistingsweredown them ost(-20%),folowed bycondos(-15%)and townhom es(-5%).
GREATERVICTORIA THERENNIEADVANCE new listings
NOVEMBER 2024
1,000
- 20% vsN ov2023
800
600
364 10 yrNovAvg
400
DETACHED new listings
294
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 19% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
- 5% vsN ov2023
250
200
150
72 10 yrNovAvg
100
TOWNHOME new listings
84
50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 17% vs10yrN ovAvg
● November ﹍ 10 yrN ovem berAverage
600
- 15% vsN ov2023
500
400
300
229 10 yrNovAvg
200
242
CONDO new listings
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 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. 4 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online