saanich east DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 6.3 BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 171 detached listingsin Saanich Eastin O ctober,0.6% below Septem berand 49% higherthan October2022. O ctoberdetached hom esalesdecreased by 31% m onth-over-m onth,to 27,and were31% below O ctober 2022. Them onthsofinventory fordetached in Sa nich East,at 6.3,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,200,000,a 8% decreasefrom Septem berand 4% below O ctober 2022. Theaveragesold pricewas$1,380,575,15% below last m onth and down 3% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2022
▼ 4% VS 2022
▲ 49% VS 2022
▼ 31% VS 2022
THISMONTH No. $1,380,575 $1,200,000 6.3 27 171
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,421,603 $1,250,000 295% 39 115
115% -31% 49%
$1,626,601 $1,299,000 4.4 39 172
-15% -8% 44% -31% -0.6%
-3% -4%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
21
21
171
20
172
147
124
135
107
15
93
91
87
98 62
93 56
79
41
39
53
30
39
47
45
41
27
16
20
$1.37M $1.40M
$1.34M $1.30M
$1.30M $1.26M
$1.25M
$1.25M
$1.23M $1.20M
$1.20M
$1.17M $1.13M
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
35
30
24+
25
20
14.0
15
10.0
9.0
10
6.4
5
2.8
2.5
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+ 1 25 25.0
MOI INVENTORY SALES
0 1 n/a
6 15 2.5
9 25 2.8
5 32 6.4
3 27 9.0
2 20 10.0
0 12 n/a
1 14 14.0
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