saanich east TOWNHOME - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 21% VS 2022
▲ 5% VS 2022
▲ 40% VS 2022
▼ 27% VS 2022
There were 19 townhome listings in Saanich East in September, 21% below August and 27% lower than September 2022. September townhome sales remained the same month-over-month, at 7, and were 40% above September 2022. The months of inventory for townhomes in Saanich East, at 2.7, reflected a sellers' market. The townhome median price in September was $1,040,000, a 12% increase from August and 5% above September 2022. The average sold price was $1,203,786, 16% above last month; the average PSF sale price was $612, up 11% to last month.
THIS MONTH No. $612 $1,203,786 $1,040,000 2.7 7 19
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$572 $991,200 $995,000 520% 5 26
7% 21% 5% -48% 40% -27%
$551 $1,041,286 $930,000 3.4 7 24
11% 16% 12% -21% 0% -21%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
16
26
24
23
15
24
14
18
18
17
19
19
18 12
18
16
12
11
13
12
12
7
7
10
7
7
5
4
4
$1.16M
$1.06M
$1.04M
$995K
$977K
$930K
$894K
$892K
$845K
$818K
$780K
$700K
$685K
Sep-22
Aug-23
Sep-23
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
5
1
2.5
4+ bdrms
4
4
2.0
4
3
3 bdrms
11
0.5
2
2
2 bdrms
4
1
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES
0 1 n/a
0 2 n/a
0 4 n/a
1 0 n/a
2 4 2.0
2 1 0.5
0 2 n/a
2 5 2.5
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. 32 ●
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