saanich w est DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 5.3 BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 58 detached listingsin Saanich W estin O ctober,9% below Septem berand 1.8% higherthan October2022. O ctoberdetached hom esalesdecreased by 48% m onth-over-m onth,to 11,and were45% below O ctober 2022. Them onthsofinventory fordetached in Sa nich W est,at 5.3,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,020,000,a 9% decreasefrom Septem berand 5% aboveO ctober 2022. Theaveragesold pricewas$1,163,182,0.3% abovelast m onth and up 19% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 19% VS 2022
▲ 5% VS 2022
▲ 1.8% VS 2022
▼ 45% VS 2022
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
11 58
20 57
19% 5% 85% -45% 1.8%
21 64
0.3% -9% 73% -48% -9%
$1,163,182 $1,020,000 5.3
$1,159,905 $1,120,000 3.0
$975,620 $971,250 285%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
29
60
58
64
27
58
57
53
51
49
57
40
42
42
39
28
28
34
21
21
17
20
20
1
15
12
12
1
9
$1.16M
$1.16M $1.19M $1.20M $1.20M $1.12M
$1.07M $1.06M
$1.02M
$971K
$941K $930K $880K
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
14
10.0
12
8.0
10
8
6
4.0
2.8
4
2.0
2
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
0 1 n/a
5 14 2.8
3 12 4.0
1 8 8.0
0 5 n/a
1 2 2.0
1 10 10.0
0 2 n/a
0 4 n/a
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