langford DETACHED - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 7.3 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2022
▲ 7% VS 2022
▲ 11% VS 2022
▲ 16% VS 2022
There were 160 detached listings in Langford in September, 27% above August and 11% higher than September 2022. September detached home sales decreased by 42% month-over-month, to 22, and were 16% above September 2022. The months of inventory for detached in Langford, at 7.3, reflected a balanced market. The detached median price in September was $1,045,000, a 5% increase from August and 7% above September 2022. The average sold price was $1,067,252, 0.5% above last month and up 3% to September 2022.
THIS MONTH No. $1,067,252 $1,045,000 7.3 22 160
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,034,521 $975,000 758% 19 144
3% 7% -4% 16% 11%
$1,062,138 $993,500 3.3 38 126
0.5% 5% 119% -42% 27%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
40
160
144
135
144
126
110
126
100
116
101
100
29
95
93
27
55
38
35
26
40
38
37
22
30
19
8
18
16
$1.18M
$1.18M $1.23M
$1.16M $1.09M
$1.11M $1.07M
$1.04M
$994K $1.05M
$975K
$889K
$888K
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
40
12.0
30
8.5
7.3
6.2
20
10
0.7
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
6 4 0.7
4 34 8.5
5 31 6.2
6 44 7.3
1 12 12.0
0 13 n/a
0 9 n/a
0 7 n/a
0 6 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.
●
24
Made with FlippingBook - professional solution for displaying marketing and sales documents online