saanich east TOWNHOME-OCTOBER 2 0 2 3
MONTHS OF INVENTORY 5.0 BALANCEDMARKET
▶ MARKETSUMMARY Therewere20 townhom elistingsin Saanich Eastin O ctober,5% aboveSeptem berand 17% lowerthan October2022. O ctobertownhom esalesdecreased by43% m onth-over-m onth,to 4,and were43% below O ctober 2022. Them onthsofinventory fortownhom esin Saanich East, at5.0,reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$776,250,a 25% decreasefrom Septem berand 11% aboveO ctober 2022. Theaveragesold pricewas$1,031,625,14% below last m onth;theaveragePSF salepricewas$544,down 11% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 16% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 11% VS 2022
▼ 17% VS 2022
▼ 43% VS 2022
THISMONTH No. $544 $1,031,625 $776,250 5.0 4 20
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$647 $979,857 $700,000 343% 7 24
-16% 5% 11% 46% -43% -17%
$612 $1,203,786 $1,040,000 2.7 7 19
-11% -14% -25% 84% -43% 5%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
37
23
24
24
20
18
18
17
19
19
30
18
18
16
12
12
1
13
12
12
7
10
7
7
7
4
4
4
14
$1.16M
$1.06M
$1.04M
$977K
$930K
$894K
$845K $892K
$818K
$780K
$776K
$700K
$685K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
5
5.0
4+ bdrms
4
4
2
3
3 bdrms
11
2
1.0 1.0
2
2 bdrms
5
1
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 1 1 1.0 2 2 1.0 0 3 n/a 0 2 n/a 0 3 n/a 0 3 n/a 1 5 5.0
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