colwood DETACHED - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 5.1 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2022
▲ 63% VS 2022
▼ 7% VS 2022
▼ 1.8% VS 2022
There were 66 detached listings in Colwood in September, 6% above August and 3% higher than September 2022. September detached home sales decreased by 19% month-over-month, to 13, and were 63% above September 2022. The months of inventory for detached in Colwood, at 5.1, reflected a balanced market. The detached median price in September was $1,058,500, a 0.7% decrease from August and 1.8% below September 2022. The average sold price was $1,181,184, 11% above last month and down 7% to September 2022.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
13 66
$1,266,862 $1,077,450 800% 8 64
-7% -1.8% -37% 63% 3%
16 62
11% -0.7% 31% -19% 6%
$1,181,184 $1,058,500 5.1
$1,066,650 $1,066,250 3.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
31
62
66
64
57
55
49
57
47
53
24
46
45
40
40
25
23
22
19
21
10
10
17
13
16
14
5
8
9
$1.21M $1.14M
$1.19M
$1.08M $1.06M
$1.08M $1.06M $1.01M
$1.02M $1.09M $1.07M $1.06M
$963K
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
9.0
15
10
5.0
2.8
2.7
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 1 n/a
3 15 5.0
6 17 2.8
3 8 2.7
1 9 9.0
0 9 n/a
0 5 n/a
0 1 n/a
0 1 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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