central saanich DETACHED - FEBRUARY 2 0 2 4
MONTHS OF INVENTORY 3.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2023
▲ 21% VS 2023
▲ 43% VS 2023
0.0% VS 2023
There were 30 detached listings in Central Saanich in February, 58% above January and 43% higher than February 2023. February detached home sales increased by 33% month-over-month, to 8, and were the same in February 2023. The months of inventory for detached in Central Saanich, at 3.8, reflected a sellers' market. The detached median price in February was $1,181,000, a 1.6% increase from January and 21% above February 2023. The average sold price was $1,249,850, 8% below last month and up 7% to February 2023.
THIS MONTH No. $1,249,850 $1,181,000 3.8 8 30
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,165,463 $974,900 263% 8 21
7% 21% 43% 0% 43%
$1,360,399 $1,162,198 3.2 6 19
-8% 1.6% 18% 33% 58%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
50
80
46
49
41
42
38
30
28
28
25
18
21
14
19
19
12
10
14
13
12
8
8
9
8
8
6
$1.27M $1.24M
$1.25M $1.22M $1.25M
21
$1.17M $1.20M $1.22M $1.25M
$1.13M $1.16M $1.18M
$975K
13
Feb-23
Jan-24
Feb-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
12
5.0
10
8
6
2.0
1.7
4
0.7
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
1 2 2.0
3 5 1.7
3 2 0.7
0 1 n/a
0 1 n/a
1 5 5.0
0 1 n/a
0 12 n/a
Copyright © 2024 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 March 7, 2024. 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. 18 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online