victoria TOWNHOME - JANUARY 2 0 2 4
MONTHS OF INVENTORY 3.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 11% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 54% VS 2023
▲ 29% VS 2023
▲ 63% VS 2023
▲ 60% VS 2023
There were 31 townhome listings in Victoria in January, no change to December and 63% higher than January 2023. January townhome sales increased by 33% month-over-month, to 8, and were 60% above January 2023. The months of inventory for townhomes in Victoria, at 3.9, reflected a sellers' market. The townhome median price in January was $1,147,500, a 42% increase from December and 29% above January 2023. The average sold price was $1,280,000, 43% above last month; the average PSF sale price was $573, down 11% to last month.
THIS MONTH No. $573 $1,280,000 $1,147,500 3.9 8 31
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$642 $831,380 $890,000 380% 5 19
-11% 54% 29% 2% 60% 63%
$645 $894,984 $807,500 5.2 6 31
-11% 43% 42% -25% 33% 0%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
45
42
40
45
44
42
39
37
35
31
32
31
23
21
26
18
19
14
13
13
18
12
12
8
9
9
6
5
$1.15M
$975K
$960K
$950K
$945K
$915K
$905K
$890K
$867K
9
$825K
$808K
$755K
$715K
Jan-23
Dec-23
Jan-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
12
3
6.0
4+ bdrms
11
10
8
4.0
4
3 bdrms
11
6
1.7
4
1
2 bdrms
7
2
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES
2
3 5 1.7
0 2 n/a
0 2 n/a
1 6 6.0
0 4 n/a
1 0 n/a
3 12 4.0
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. 43 ●
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