westshore CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 5.3 BALANCEDMARKET
▶ MARKETSUMMARY Therewere121 condolistingsin theW estshorein O ctober,3% below Septem berand 44% higherthan October2022. O ctobercondosalesdecreased by15% m onth-over-m onth,to23,and were53% aboveO ctober 2022. Them onthsofinventory forcondosin theW estshore,at 5.3,reflected abalanced m arket. Thecondom edian pricein Octoberwas$535,900,a1.1% increasefrom Septem berand 5% below O ctober2022. Theaveragesold pricewas$529,413,1.5% below last m onth;theaveragePSF salepricewas$596,down 8% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 5% VS 2022
▼ 5% VS 2022
▲ 44% VS 2022
▲ 53% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$596 $529,413 $535,900 5.3 23 121
15 84
-6% -5% -5% -6% 53% 44%
$651 $537,530 $530,000 4.6 27 125
-8% -1.5% 1.1% 14% -15% -3%
$633 $554,593 $565,000 560%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
41
17
121
10
125
96
106
89
84
99
65
76
63
45
43
37
45
25
20
20
23
19
27
26
24
15
22
18
16
$573K $560K $560K $539K
$565K
$525K $491K
$499K $484K
$505K $530K $536K
$457K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
60
11.8
4+ bdrms
50
10.0
40
3 bdrms
30
12
20
3.4
16
2 bdrms
2.0
76
10
0
7
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 2 2.0 0 3 n/a 17 57 3.4 4 47 11.8 1 10 10.0 0 2 n/a
<2 bdrms
33
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