sooke DETACHED - JANUARY 2 0 2 4
MONTHS OF INVENTORY 7.2 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.2% VS 2023
▲ 33% VS 2023
▼ 32% VS 2023
▼ 1.8% VS 2023
There were 86 detached listings in Sooke in January, 2% below December and 1.2% higher than January 2023. January detached home sales decreased by 8% month-over-month, to 12, and were 33% above January 2023. The months of inventory for detached in Sooke, at 7.2, reflected a balanced market. The detached median price in January was $932,912, a 10% increase from December and 1.8% below January 2023. The average sold price was $1,012,735, 19% above last month and down 32% 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
12 86
$1,488,056 $950,000 944% 9 85
-32% -1.8% -24% 33% 1.2%
13 88
19% 10% 6% -8% -2%
$1,012,735 $932,912 7.2
$854,334 $850,000 6.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
68
125
124
134
109
106
102
109
92
84
86
85
88
50
80
43
33
25
19
17
13
22
12
19
9
17
16
16
13
$1.10M
$950K
$938K
$933K
$907K
$895K
$881K
$893K
$850K
$849K
$850K
$825K
$824K
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
25
9.5
20
7.7
7.0
15
5.0
10
5
1.5
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 3 n/a
4 6 1.5
3 23 7.7
2 10 5.0
2 19 9.5
1 7 7.0
0 6 n/a
0 6 n/a
0 1 n/a
0 5 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. 40 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online