victoria core TOWNHOME - FEBRUARY 2 0 2 4
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▲ 6% VS 2023
▲ 42% VS 2023
▲ 44% VS 2023
There were 84 townhome listings in the Victoria Core in February, 15% above January and 42% higher than February 2023. February townhome sales increased by 109% month-over-month, to 46, and were 44% above February 2023. The months of inventory for townhomes in the Victoria Core, at 1.8, reflected a sellers' market. The townhome median price in February was $892,000, a 8% increase from January and 6% above February 2023. The average sold price was $955,946, 3% below last month; the average PSF sale price was $582, up 11% 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
46 84
32 59
9% 4% 6% -1% 44% 42%
22 73
11% -3% 8% -45% 109% 15%
$582 $955,946 $892,000 1.8
$535 $918,783 $843,500 184%
$525 $984,580 $827,450 3.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
102
23
97
107
94
104
21
21
93
84
90 61
68
77
73
59
69
59
46
36
36
45
40
32
38
32
27
23
22
$890K
$890K
$892K
$857K
$864K
$863K
$856K
$844K
$850K
$835K
$835K
$822K
$827K
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.
9
8.0
4+ bdrms
15
23
19
10
3 bdrms
38
2.0
2.0
17
1.9
5
2 bdrms
1.3
1.2
1.2
21
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
2
0 1 n/a
6 8 1.3
10 12 1.2
9 17 1.9
5 10 2.0
10 12 1.2
4 8 2.0
2 16 8.0
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. 8 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online