victoria core DETACHED - JANUARY 2 0 2 4
MONTHS OF INVENTORY 3.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 12% VS 2023
▲ 46% VS 2023
▼ 7% VS 2023
▼ 1.9% VS 2023
There were 261 detached listings in the Victoria Core in January, 3% below December and 12% higher than January 2023. January detached home sales increased by 15% month-over-month, to 76, and were 46% above January 2023. The months of inventory for detached in the Victoria Core, at 3.4, reflected a sellers' market. The detached median price in January was $1,150,000, a 4% decrease from December and 1.9% below January 2023. The average sold price was $1,260,225, 17% below last month and down 7% to January 2023.
THIS MONTH No. $1,260,225 $1,150,000 3.4 76 261
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,350,440 $1,172,500 448% 52 233
46% 12%
$1,513,815 $1,203,500 4.1 66 268
-17% -4% -15% 15% -3%
-7% -1.9% -23%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
44
43
398
453
397
442
400
297
354
35
314
261
282 161
268
233
258
143
139
109
151
86
111
76
102
94
52
72
66
$1.25M $1.25M $1.30M $1.27M $1.25M $1.34M $1.30M $1.17M $1.21M
$1.20M $1.20M $1.20M $1.15M
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
40
24.0
24+
30
20
9.5
10
5.8
4.1
3.1
2.1
1.4
0.9
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 4 n/a
9 8 0.9
16 34 2.1
23 33 1.4
9 37 4.1
10 31 3.1
5 29 5.8
1 24 24.0
2 19 9.5
1 42 42.0
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. 7 ●
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