victoria real estate board TOWNHOME - JANUARY 2 0 2 4
MONTHS OF INVENTORY 4.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 16% VS 2023
▲ 11% VS 2023
▲ 26% VS 2023
▲ 11% VS 2023
There were 236 townhome listings in the Victoria Real Estate Board in January, 5% above December and 26% higher than January 2023. January townhome sales remained the same month-over-month, at 52, and were 11% above January 2023. The months of inventory for townhomes in the Victoria Real Estate Board, at 4.5, reflected a sellers' market. The townhome median price in January was $742,000, a 7% increase from December and 11% above January 2023. The average sold price was $832,454, 10% above last month; the average PSF sale price was $490, down 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$490 $832,454 $742,000 4.5 52 236
$478 $717,906 $669,000 400% 47 188
2% 16% 11% 13% 11% 26%
$507 $755,704 $693,203 4.3 52 224
7% 5% 0% 5%
-3% 10%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
46
293
253
286
282
43
232
256
236
216
211
237
224
212
188
122
112
89
79
71
67
99
90
84
52
47
56
52
15
$847K
$840K
$825K
$799K
$790K
$780K
$777K
$775K
$760K
$755K
$742K
$693K
$669K
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.
60
12
9.3
4+ bdrms
53
50
8.0
6.7
6.5
40
28
5.7
3 bdrms
115
4.7
30
20
12
2 bdrms
1.6
1.6
61
10
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 7 11 1.6 14 23 1.6 9 60 6.7 7 40 5.7 6 28 4.7 4 37 9.3 2 13 6.5 3 24 8.0
7
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. 5 ●
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