gulfislands DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 9.6 BUYERS'M ARKET
▶ MARKETSUMMARY Therewere125 detached listingsin theG ulfIslandsin O ctober,11% below Septem berand 11% lowerthan October2022. O ctoberdetached hom esalesdecreased by 32% m onth-over-m onth,to 13,and were13% below O ctober 2022. Them onthsofinventory fordetached in theG ulfIslands, at9.6,reflected abuyers'm arket. Thedetachedm edian pricein Octoberwas$735,000,a 32% decreasefrom Septem berand 22% below O ctober 2022. Theaveragesold pricewas$871,685,28% below last m onth and down 17% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 17% VS 2022
▼ 22% VS 2022
▼ 11% VS 2022
▼ 13% VS 2022
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
$871,685 $735,000 9.6 13 125
$1,046,000 $940,000 933% 15 140
-17% -22% 3% -13% -11%
$1,214,684 $1,079,000 7.4 19 141
-28% -32% 30% -32% -11%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
84
140
145
126
144
143
141
18
125
130
122
99
94
90
55
28
26
22
19
14
13
38
1
10
7
15
23
13
19
$1.48M
$1.22M
$1.17M $1.08M
$1.06M
$1.02M $1.01M
$940K
$869K
$816K
$810K
$790K
$735K
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
20
13.0
15
8.0
7.0
10
3.5
5
2.6
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 7 3.5
5 13 2.6
3 21 7.0
0 10 n/a
1 13 13.0
2 16 8.0
0 8 n/a
0 12 n/a
0 8 n/a
0 17 n/a
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom VictoriaRealEstateBoard& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor. Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
16
Made with FlippingBook - professional solution for displaying marketing and sales documents online