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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