north saanich DETACHED - AUGUST 2 0 2 4
MONTHS OF INVENTORY 9.6 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2023
▼ 26% VS 2023
▼ 16% VS 2023
▼ 59% VS 2023
There were 67 detached listings in North Saanich in August, 8% below July and 10% higher than August 2023. August detached home sales decreased by 42% month-over-month, to 7, and were 59% below August 2023. The months of inventory for detached in North Saanich, at 9.6, reflected a buyers' market.
THIS MONTH No. $1,483,214 $1,461,500 9.6 7 67
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
17 61
-26% -16% 167% -59% 10%
12 73
-20% -9% 57% -42% -8%
The detached median price in August was $1,461,500, a 9% decrease from July and 16% below August 2023.
$1,847,292 $1,599,750 6.1
$2,009,524 $1,750,000 3.6
The average sold price was $1,483,214, 20% below last month and down 26% to August 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
72
44
76
65
74
73
67
61
39
61
51
56
46
43
41
21
13
13
17
12
10
7
16
5
4
13
7
18
9
$1.80M
$1.75M
$1.69M
$1.52M $1.60M
$1.49M
$1.47M
$1.46M
$1.42M $1.48M $1.37M
$1.37M
$1.23M
Aug-23
Jul-24
Aug-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
10.0
15
8.0
10
3.3
5
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 2 n/a
1 0 n/a
4 13 3.3
1 8 8.0
0 17 n/a
1 10 10.0
0 7 n/a
0 10 n/a
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 September 9, 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. 29 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online