GREATER VICTORIA THE RENNIE ADVANCE sales
highlights • Greater Victoria recorded 453 MLS sales in September, which was down 14% from August’s 525 sales and was the lowest monthly total since February. This was a much steeper drop-off than the typical August-to-September decline in sales (of 8%), with the region’s sales sitting 29% below the long-run September average. • Compared to August, September’s detached home sales were down by 18% (to 226), townhome sales were down by 8% (to 77), and condo sales were down by 10% (to 150). • In spite of the drop off in sales last month, September’s sales for all home types were still higher compared to last year’s historically-low count: by 1% for detached homes, by 35% for townhomes, and by 13% for condos.
SEPTEMBER 2023
0 100 200 300 400 500 600 700 800
+ 1% vs Sep 2022
349 10 yr Sep Avg
DETACHED sales
226
- 35% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
+ 35% vs Sep 2022
200
150
91 10 yr Sep Avg
100
TOWNHOME sales
77
50
0
- 15% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
100 150 200 250 300 350 400
+ 13% vs Sep 2022
195 10 yr Sep Avg
150
CONDO sales
0 50
- 23% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
Copyright © October 5, 2023 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 October 5, 2023. All data from the 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
●
3
Made with FlippingBook - professional solution for displaying marketing and sales documents online