centralsaanich DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 3.9 SELLERS'M ARKET
▶ MARKETSUMMARY Therew ere 47 detached listingsin CentralSa nich in O ctober,4% below Septem berand 15% higherthan October2022. O ctoberdetached hom esalesincreased by 50% m onth-over-m onth,to 12,and were25% below O ctober 2022. Them onthsofinventory fordetached in CentralSa nich, at3.9,reflected aselers'm arket. Thedetachedm edian pricein Octoberwas$1,221,000,a 1.5% increasefrom Septem berand 18% aboveO ctober 2022. Theaveragesold pricewas$1,299,708,4% abovelast m onth and up 20% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 20% VS 2022
▲ 18% VS 2022
▲ 15% VS 2022
▼ 25% VS 2022
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
12 47
16 41
20% 18% 53% -25% 15%
$1,247,500 $1,202,500 6.1 8 49
4% 1.5% -36% 50% -4%
$1,299,708 $1,221,000 3.9
$1,080,506 $1,038,500 256%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
28
50
47
49
41
42
34
38
28
28
21
18
24
16
21
14
19
14
12
14
14
13
12
4
8
8
8
7
6
$1.27M $1.24M
$1.25M $1.22M $1.25M
$1.20M
$1.17M $1.20M $1.22M
$1.04M $980K
$980K $975K
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
12
10
5.0
5.0
8
6
2.7
2.2
4
1.0
2
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
0 1 n/a
2 2 1.0
5 11 2.2
3 8 2.7
1 5 5.0
0 1 n/a
1 5 5.0
0 3 n/a
0 11 n/a
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