victoria core TOWNHOME - JANUARY 2 0 2 4
MONTHS OF INVENTORY 3.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 14% VS 2023
▲ 57% VS 2023
▲ 38% VS 2023
▼ 4% VS 2023
There were 72 townhome listings in the Victoria Core in January, 4% above December and 57% higher than January 2023. January townhome sales decreased by 4% month-over-month, to 22, and were 38% above January 2023. The months of inventory for townhomes in the Victoria Core, at 3.3, reflected a sellers' market. The townhome median price in January was $827,450, a 3% decrease from December and 4% below January 2023. The average sold price was $984,580, 19% above last month; the average PSF sale price was $525, down 4% 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
22 72
16 46
-5% 14% -4% 14% 38% 57%
23 69
-4% 19% -3% 9% -4% 4%
$525 $984,580 $827,450 3.3
$551 $861,550 $864,000 288%
$549 $827,884 $855,750 3.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
102
41
97
107
94
104
93
90 61
68
72
77
59
59
69
28
46
36
36
32
45
40
38
23
32
22
27
23
16
$890K
$890K
$864K
$864K
$857K
$863K
$856K
$844K
$850K
$835K
$835K
$822K
$827K
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.
7
15
12.0
4+ bdrms
21
12
10
3 bdrms
29
5.3
4.0
4.0
3
5
3.0
2 bdrms
2.0
20
1.5
1.4
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 1 12 12.0 2 6 3.0 3 16 5.3 2 3 1.5 5 7 1.4 3 12 4.0 2 8 4.0 4 8 2.0
2
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. 8 ●
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