colwood DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 4.4 SELLERS'M ARKET
▶ MARKETSUMMARY Therewere66 detachedlistingsin Colwood in O ctober, nochangetoSeptem berand 25% higherthan October 2022. O ctoberdetached hom esalesincreased by 15% m onth-over-m onth,to15,and were50% aboveO ctober 2022. Them onthsofinventory fordetached in Colwood,at4.4, reflected aselers'm arket. Thedetachedm edian pricein Octoberwas$1,102,395,a 4% increasefrom Septem berand 4% aboveO ctober 2022. Theaveragesold pricewas$1,200,122,1.6% abovelast m onth and up 11% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 11% VS 2022
▲ 4% VS 2022
▲ 25% VS 2022
▲ 50% VS 2022
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
15 66
10 53
11% 4% -17% 50% 25%
13 66
1.6% 4% -13% 15% 0%
$1,200,122 $1,102,395 4.4
$1,181,184 $1,058,500 5.1
$1,077,080 $1,062,500 530%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
28
62
66
66
57
55
26
53
49
57
47
46
45
40 40
19
25
23
22
21
15
10
17
16
10
14
5
13
9
$1.21M $1.14M
$1.19M
$1.09M $1.07M $1.06M $1.10M
$1.08M $1.06M $1.01M
$1.06M
$1.02M
$963K
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
4.0
4.0
15
3.6
3.5
2.6
10
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
0 2 n/a
5 13 2.6
5 18 3.6
2 8 4.0
2 7 3.5
0 11 n/a
1 4 4.0
0 1 n/a
0 2 n/a
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