saanich w est CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 3.6 SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2022
▲ 10% VS 2022
▲ 19% VS 2022
▼ 25% VS 2022
Therewere32 condolistingsin Sa nich W estin O ctober, 23% aboveSeptem berand 19% higherthan O ctober 2022. O ctobercondosalesdecreased by10% m onth-over-m onth,to 9,and were25% below O ctober 2022. Them onthsofinventory forcondosin Saanich W est,at 3.6,reflected aselers'm arket. Thecondom edian pricein Octoberwas$535,000,a17% increasefrom Septem berand 10% aboveO ctober2022. Theaveragesold pricewas$553,222,12% abovelast m onth;theaveragePSF salepricewas$629,up 16% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$629 $553,222 $535,000 3.6 9 32
12 27
10% 58% -25% 19%
10 26
16% 12% 17% 37% -10% 23%
$597 $591,525 $488,150 225%
$544 $492,040 $456,250 2.6
5% -6%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
45
30
32
28
27
25
24
26
22
21
22
35
23
19
18
17
17
29
1
12
9
9
13
1
9
10
8
6
5
$535K $515K
$535K
$488K
$490K $480K
$456K $485K $456K
$420K $433K $413K
$401K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
5.0
15
4+ bdrms
3.0
10
2.8
3 bdrms
5
5
2 bdrms
27
0
4
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 3 3.0 6 17 2.8 2 10 5.0 0 1 n/a 0 1 n/a
<2 bdrms
5
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