the Victoria rennie review | November 2023

westshore DETACHED -OCTOBER 2 0 2 3

MONTHS OF INVENTORY 7.0 BALANCEDMARKET

▶ MARKETSUMMARY Therew ere 386 detached listingsin theW estshore in O ctober,1.8% below Septem berand 27% higherthan October2022. O ctoberdetached hom esalesincreased by 4% m onth-over-m onth,to55,and were31% aboveO ctober 2022. Them onthsofinventory fordetached in theW estshore, at7.0,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$960,900,a 8% decreasefrom Septem berand 5% aboveO ctober 2022. Theaveragesold pricewas$1,054,875,0.3% abovelast m onth and up 4% toOctober2022.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2022

▲ 5% VS 2022

▲ 27% VS 2022

▲ 31% VS 2022

THISMONTH No. $1,054,875 $960,900 7.0 55 386

PREVIOUSMONTH No.

PREVIOUSYEAR

No.

% Change

% Change

TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,018,024 $917,500 726% 42 305

4% 5% -3% 31% 27%

$1,051,599 $1,040,000 7.4 53 393

0.3% -8% -5% 4% -1.8%

▶ MEDIAN DAYSON MARKET

▶ RECENTTRENDS

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

35

386

393

332

307

341

305

281

236

276

26

255

247

241

24

229

16

80

78

58

55

89

82

81

55

27

42

53

40

$1.14M

$1.14M

$1.13M

$1.07M $1.04M $995K

$1.06M $1.06M

$994K $1.04M

$978K

$961K

$918K

Oct-22

Sep-23 Oct-23

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET < 5

BALANCED 5 - 8

BUYERS'MARKET 8+

● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY

80

19.0

60

11.0

40

9.7

5.4

20

4.3

3.8

1.5

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

2 3 1.5

7 30 4.3

21 80 3.8

14 75 5.4

7 68 9.7

2 38 19.0

0 37 n/a

2 22 11.0

0 15 n/a

0 18 n/a

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