esquimalt CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 3.4 SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 48% VS 2022
▲ 17% VS 2022
▼ 13% VS 2022
▼ 11% VS 2022
Therewere27 condolistingsin Esquim altin O ctober,no changetoSeptem berand 13% lowerthan October2022. O ctobercondosalesdecreased by20% m onth-over-m onth,to 8,and were11% below O ctober 2022. Them onthsofinventoryforcondosin Esquim alt,at3.4, reflected aselers'm arket. Thecondom edian pricein Octoberwas$639,000,a30% increasefrom Septem berand 17% aboveO ctober2022. Theaveragesold pricewas$756,988,47% abovelast m onth;theaveragePSF salepricewas$639,down 27% tolastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$639 $756,988 $639,000 3.4 8 27
$656 $512,200 $545,000 344% 9 31
-3% 48% 17% -2% -11% -13%
10 27
-27% 47% 30% 25% -20% 0%
$878 $514,105 $492,950 2.7
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
35
42
37
34
32
30
31
28
27
27
29
27
26
25
23
22
15
14
13
10
9
12
8
5
10
2
6
6
5
$1.04M
$650K
$639K
$617K
$545K
$542K $510K $538K $560K
$526K
$493K
$451K
$400K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
12
10
5.5
4+ bdrms
8
1 1
3 bdrms
3.0
6
2.8
4
5
2 bdrms
2
11
0
2
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 3 3.0 2 11 5.5 4 11 2.8 0 1 n/a 0 1 n/a 1 0 n/a
<2 bdrms
15
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