oak bay CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 2.4 SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 21% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 36% VS 2022
▲ 64% VS 2022
0.0% VS 2022
▼ 17% VS 2022
Therewere12 condolistingsin O ak Bayin O ctober,no changetoSeptem berand nochangetoOctober2022. O ctobercondo salesrem ained the sam e m onth-over-m onth,at5,and were17% below O ctober 2022. Them onthsofinventoryforcondosin OakBay,at2.4, reflected aselers'm arket. Thecondom edian pricein Octoberwas$925,000,a1.6% increasefrom Septem berand 64% aboveO ctober2022. Theaveragesold pricewas$1,139,980,39% abovelast m onth;theaveragePSF salepricewas$835,up 31% to lastm onth.
THISMONTH No. $835 $1,139,980 $925,000 2.4 5 12
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$688 $838,167 $563,750 200% 6 12
21% 36% 64% 20% -17% 0%
$637 $817,380 $910,000 2.4 5 12
0% 0% 0%
31% 39% 1.6%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
58
14
12
12
12
10 10
10
1
10
10
9
8
7 7
8
6
6
7
5
36
6 6
5
4
3
2
2
$1.20M
$969K $975K
$910K $925K
11
$800K $790K $809K
$725K
$648K
$622K
$564K
$468K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
3.0
1.5
4+ bdrms
2.5
2.0
3 bdrms
0.5
1
1.5
1.0
3
2 bdrms
8
0.5
0.0
2
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 1 n/a 2 3 1.5 0 3 n/a 1 0 n/a 0 3 n/a 0 1 n/a 2 1 0.5
<2 bdrms
3
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