saanich east DETACHED - JANUARY 2 0 2 4
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.1% VS 2023
▲ 10% VS 2023
▲ 65% VS 2023
▼ 14% VS 2023
There were 96 detached listings in Saanich East in January, 11% below December and 10% higher than January 2023. January detached home sales increased by 6% month-over-month, to 33, and were 65% above January 2023. The months of inventory for detached in Saanich East, at 2.9, reflected a sellers' market. The detached median price in January was $1,239,000, a 1.1% increase from December and 1.1% above January 2023. The average sold price was $1,329,349, 7% below last month and down 14% to January 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
33 96
20 87
-14% 1.1% -33% 65% 10%
$1,428,235 $1,225,000 3.5 31 108
-7% 1.1% -16% 6% -11%
$1,329,349 $1,239,000 2.9
$1,550,413 $1,225,000 435%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
165
42
172 171
147
124
135
34
93
91
108
96
62 98
87
93 56
27
41
39
53
31
47
45
33
41
20
27
25
$1.37M $1.40M
$1.34M $1.30M
$1.30M $1.26M
$1.25M
$1.23M $1.20M
$1.20M $1.20M $1.23M $1.24M
Jan-23
Dec-23
Jan-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
7.0
15
5.0
10
2.8
2.5
1.9
5
1.3
1.0
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
1 1 1.0
4 10 2.5
12 16 1.3
6 17 2.8
7 13 1.9
2 10 5.0
0 6 n/a
1 7 7.0
0 16 n/a
Copyright © 2024 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 February 8, 2024. 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. 31 ●
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