the Victoria rennie review | November 2023

esquimalt TOWNHOME-OCTOBER 2 0 2 3

MONTHS OF INVENTORY 7.0 BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 17% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 92% VS 2022

▲ 100% VS 2022

▼ 36% VS 2022

▼ 75% VS 2022

Therewere7 townhom elistingsin Esquim altin O ctober, 17% aboveSeptem berand 36% lowerthan October2022. O ctobertownhom esalesdecreased by75% m onth-over-m onth,to 1,and were75% below O ctober 2022. Them onthsofinventory fortownhom esin Esquim alt,at 7.0,reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$1,635,000, a96% increasefrom Septem berand 100% aboveO ctober 2022. Theaveragesold pricewas$1,635,000,106% abovelast m onth;theaveragePSF salepricewas$439,down 17% tolastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

1 7

$526 $852,875 $817,750 275% 4 11

-17% 92% 100% 155% -75% -36%

4 6

-17% 106% 96% 367% -75% 17%

$439 $1,635,000 $1,635,000 7.0

$527 $795,600 $834,950 1.5

▶ MEDIAN DAYSON MARKET

▶ RECENTTRENDS

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

61

13

1

1

10

9

9

8

46

9

7

8

7

6

7

40

6

4

4

4

5

3

4

4

3

2

2

1

$1.64M

$920K

$818K

$725K $703K $694K

$730K $790K $777K $835K

$708K $801K

$683K

Oct-22

Sep-23 Oct-23

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET < 5

BALANCED 5 - 8

BUYERS'MARKET 8+

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● MONTHSOFINV.

2.0

1

4+ bdrms

1.5

3 bdrms

5

1.0

2 bdrms

0.5

2

0.0

<2 bdrms

<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 1 n/a 0 1 n/a 0 1 n/a 0 2 n/a 0 1 n/a 0 1 n/a 1 0 n/a

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