the Victoria rennie review | November 2023

metchosin DETACHED -OCTOBER 2 0 2 3

MONTHS OF INVENTORY 9.0 BUYERS'M ARKET

▶ MARKETSUMMARY Therew ere 18 detached listingsin M etchosin in O ctober, 18% below Septem berand 260% higherthan October 2022. O ctoberdetached hom esalesrem ained the sam e m onth-over-m onth,at2,and were100% aboveO ctober 2022. Them onthsofinventory fordetached in M etchosin,at 9.0,reflected abuyers'm arket. Thedetachedm edian pricein Octoberwas$1,550,000,a 35% increasefrom Septem berand 12% aboveO ctober 2022. Theaveragesold pricewas$1,550,000,35% abovelast m onth and up 12% toOctober2022.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2022

▲ 12% VS 2022

▲ 260% VS 2022

▲ 100% VS 2022

THISMONTH No. $1,550,000 $1,550,000 9.0 2 18

PREVIOUSMONTH No.

PREVIOUSYEAR

No.

% Change

% Change

TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE

1 5

100% 260%

$1,150,000 $1,150,000 11.0 2 22

35% 35% -18% 0% -18%

$1,379,500 $1,379,500 500%

12% 12% 80%

▶ MEDIAN DAYSON MARKET

▶ RECENTTRENDS

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

137

21

22

18

20

19

18

1 14

8

6

5

3

3

2 2

4

2

2

3

3

3

1

2

1

50

$2.54M

30

$2.00M

$1.55M

$1.50M

$1.38M

$1.38M

$1.21M

$1.07M $1.01M $1.15M

$935K

Oct-22

Sep-23 Oct-23

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET < 5

BALANCED 5 - 8

BUYERS'MARKET 8+

● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY

4

4.0

3

2

1.0

1

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

1 1 1.0

0 4 n/a

0 4 n/a

0 4 n/a

1 4 4.0

0 1 n/a

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