sidney TOWNHOME - FEBRUARY 2 0 2 4
MONTHS OF INVENTORY 1.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 26% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 64% VS 2023
▲ 140% VS 2023
▼ 6% VS 2023
▼ 6% VS 2023
There were 23 townhome listings in Sidney in February, 21% below January and 64% higher than February 2023. February townhome sales increased by month-over-month, to 12, and were 140% above February 2023. The months of inventory for townhomes in Sidney, at 1.9, reflected a sellers' market. The townhome median price in February was $944,900, a change from January and 6% below February 2023. The average sold price was $1,015,373, no change to last month; the average PSF sale price was $636, no change to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 29.00
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12 23
$506 $1,079,800 $1,000,000 280% 5 14
-32% 140% 64%
% % % % % -21%
$636 $1,015,373 $944,900 1.9
26% -6% -6%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
29
23
24
20
21
21
24
23
21
14
14
14
17
14
12
14
10
13
9
5
8
5
6
5
5
3
2
$1.12M
$1.00M
$985K
$985K
$940K
$945K
$911K
$900K
$790K
$780K
$730K
$678K
Feb-23
Jan-24
Feb-24
▶ 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.
6
5.0
4+ bdrms
2
5
4
8
3.0
3 bdrms
13
3
2.0
2
3
0.7
2 bdrms
0.5
8
1
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
3 2 0.7
0 1 n/a
0 2 n/a
3 6 2.0
1 5 5.0
0 2 n/a
4 2 0.5
1 3 3.0
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. 38 ●
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