central saanich DETACHED - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 6.1 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 14% VS 2022
▲ 22% VS 2022
▲ 20% VS 2022
▼ 33% VS 2022
There were 49 detached listings in Central Saanich in September, 17% above August and 20% higher than September 2022. September detached home sales decreased by 43% month-over-month, to 8, and were 33% below September 2022. The months of inventory for detached in Central Saanich, at 6.1, reflected a balanced market. The detached median price in September was $1,202,500, a 3% increase from August and 22% above September 2022. The average sold price was $1,247,500, 17% below last month and up 14% to September 2022.
THIS MONTH No. $1,247,500 $1,202,500 6.1 8 49
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
12 41
14% 22% 79% -33% 20%
14 42
-17% 3% 104% -43% 17%
$1,495,636 $1,172,500 3.0
$1,089,600 $987,500 342%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
50
32
49
41
41
42
34
26
38
28
28
21
18
24
16
21
14
19
12
14
13
12
8
4
14
8
8
7
6
$1.27M $1.24M
$1.25M $1.22M $1.25M
$1.20M
$1.17M $1.20M
$987K $1.04M
$980K
$980K
$975K
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
12
5.5
10
8
6
2.5
2.3
4
2
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 1 n/a
0 1 n/a
4 9 2.3
2 11 5.5
2 5 2.5
0 2 n/a
0 5 n/a
0 3 n/a
0 12 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.
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