westshore TOWNHOME-OCTOBER 2 0 2 3
MONTHS OF INVENTORY 8.0 BUYERS'MARKET
▶ MARKETSUMMARY Therewere144 townhom elistingsin theW estshorein O ctober,9% aboveSeptem berand 11% higherthan October2022. O ctobertownhom esalesdecreased by28% m onth-over-m onth,to 18,and were40% below O ctober 2022. Them onthsofinventoryfortownhom esin the W estshore,at8.0,reflected abuyers'm arket. Thetownhom em edian pricein Octoberwas$720,000,a 1.6% decreasefrom Septem berand 8% aboveO ctober 2022. Theaveragesold pricewas$704,042,5% below last m onth;theaveragePSF salepricewas$478,up 0.3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 14% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.8% VS 2022
▲ 8% VS 2022
▲ 11% VS 2022
▼ 40% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$478 $704,042 $720,000 8.0 18 144
$559 $691,289 $664,950 433% 30 130
-14% 1.8% 8% 85% -40% 11%
$477 $743,259 $732,000 5.3 25 132
0.3% -5% -1.6% 52% -28% 9%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
27
144
132
130
123
122
25
130
18
18
108
17
1
102
91
18
43
42
39
25
24
41
30
36
30
18
26
25
18
$795K
$735K
$713K $712K $720K $719K $759K $754K $747K $732K $720K
$665K
$608K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
2
12.5
4+ bdrms
40
38
30
14
3 bdrms
87
5.6 5.6
20
2
2 bdrms
10
19
1.7
0
<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 5 1.7 5 28 5.6 8 45 5.6 2 25 12.5 0 14 n/a 0 23 n/a 0 3 n/a 0 1 n/a
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