gulf islands DETACHED - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 7.4 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 16% VS 2022
▲ 16% VS 2022
▼ 5% VS 2022
▼ 17% VS 2022
There were 141 detached listings in the Gulf Islands in September, 1.4% below August and 5% lower than September 2022. September detached home sales remained the same month-over-month, at 19, and were 17% below September 2022. The months of inventory for detached in the Gulf Islands, at 7.4, reflected a balanced market. The detached median price in September was $1,079,000, a 8% decrease from August and 16% above September 2022. The average sold price was $1,214,684, 14% below last month and up 16% to September 2022.
THIS MONTH No. $1,214,684 $1,079,000 7.4 19 141
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,045,283 $930,000 648% 23 149
16% 16% 15% -17% -5%
$1,415,984 $1,167,500 7.5 19 143
-14% -8% -1.4% 0% -1.4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
55
55
149
140
141
145
126
144
143
118
130
122
99
94
90
38
28
26
22
14
23
13
11
10
19
7
23
19
15
$1.48M
$1.22M
$1.17M $1.08M
$1.06M
$1.02M $1.01M
$940K
$930K
$869K
$816K
$810K
$790K
Sep-22
Aug-23
Sep-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
15.0
20
12.0
15
10.0
10
5.0
5.0
3.5
3.5
3.0
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
2 7 3.5
2 24 12.0
4 20 5.0
4 12 3.0
1 15 15.0
2 20 10.0
2 7 3.5
2 10 5.0
0 8 n/a
0 18 n/a
Copyright © 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 13, 2023. 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.
●
16
Made with FlippingBook - professional solution for displaying marketing and sales documents online