saanich w est TOWNHOME-OCTOBER 2 0 2 3
MONTHS OF INVENTORY 4.0 SELLERS'M ARKET
▶ MARKETSUMMARY Therewere12 townhom elistingsin Saanich W estin O ctober,nochangetoSeptem berand 200% higherthan October2022. O ctobertownhom esalesdecreased by25% m onth-over-m onth,to 3,and were50% below O ctober 2022. Them onthsofinventory fortownhom esin Saanich W est, at4.0,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$799,900,a 11% increasefrom Septem berand 4% aboveO ctober 2022. Theaveragesold pricewas$792,633,10% abovelast m onth;theaveragePSF salepricewas$477,down 1.1% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 11% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 4% VS 2022
▲ 200% VS 2022
▼ 50% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$477 $792,633 $799,900 4.0 3 12
6 4
500% -50% 200%
$482 $721,250 $722,500 3.0 4 12
-1.1% 10% 11% 33% -25% 0%
$430 $768,483 $768,000 67%
11% 3% 4%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
24
12
12
12
9
9
7
8
6
6
7
4
4
5
5
14
4
3 3
4
4
3
2
3
1
1
2
1
9
$1.14M
$800K
$785K $860K $820K
$768K $815K
$735K
$723K $795K
$723K
$653K
$565K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
7
1 1
3.5
4+ bdrms
6
3.0
5
1
3 bdrms
4
9
3
1
2
2 bdrms
2
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 2 7 3.5 1 3 3.0 0 2 n/a
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