victoria TOWNHOME - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 3.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.2% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 22% VS 2022
▲ 117% VS 2022
▼ 30% VS 2022
▼ 36% VS 2022
There were 45 townhome listings in Victoria in September, 15% above August and 22% higher than September 2022. September townhome sales increased by 8% month-over-month, to 13, and were 117% above September 2022. The months of inventory for townhomes in Victoria, at 3.5, reflected a sellers' market. The townhome median price in September was $714,800, a 21% decrease from August and 36% below September 2022. The average sold price was $862,087, 15% below last month; the average PSF sale price was $651, down 1.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13 45
$644 $1,229,167 $1,125,000 617% 6 37
1.2% -30% -36% -44% 117% 22%
12 39
7% 8% 15%
$651 $862,087 $714,800 3.5
$662 $1,019,967 $904,500 3.3
-1.5% -15% -21%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
55
45
42
40
37
39
37
28
32
29
23
21
26
19
18
13
18
12
11
13
14
6
9
9
7
6
5
$1.13M
15
14
$990K
$960K
$950K
$945K
$905K
$890K
$859K
$867K
$825K
$798K
$755K
$715K
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.
12
2
10
8.0
4+ bdrms
18
8
4
3 bdrms
6
17
4.0
3.5
3.0
4
2.0
6
2 bdrms
1.3
1.0
10
2
0
1
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES
1 1 1.0
4 5 1.3
2 7 3.5
1 3 3.0
1 8 8.0
3 6 2.0
1 4 4.0
0 11 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. 43 ●
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