the Victoria rennie review | November 2023

sidney DETACHED -OCTOBER 2 0 2 3

MONTHS OF INVENTORY 3.5 SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 17% VS 2022

▲ 19% VS 2022

▼ 5% VS 2022

▲ 50% VS 2022

Therewere21 detached listingsin Sidneyin O ctober,9% below Septem berand 5% lowerthan O ctober2022. O ctoberdetached hom esalesdecreased by 33% m onth-over-m onth,to 6,and were50% aboveO ctober 2022. Them onthsofinventory fordetached in Sidney,at3.5, reflected aselers'm arket. Thedetachedm edian pricein Octoberwas$1,085,000,a 6% increasefrom Septem berand 19% aboveO ctober 2022. Theaveragesold pricewas$1,185,167,3% below last m onth and up 17% toOctober2022.

THISMONTH No. $1,185,167 $1,085,000 3.5 6 21

PREVIOUSMONTH No.

PREVIOUSYEAR

No.

% Change

% Change

TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,013,750 $915,000 550% 4 22

17% 19% -36% 50% -5%

$1,226,444 $1,024,000 2.6 9 23

-3% 6% 37% -33% -9%

▶ MEDIAN DAYSON MARKET

▶ RECENTTRENDS

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

24

25

23

22

22

21

19

18

21

19

18

18

14

13

10

13

13

15

9

8

7

9

8

6

4

6

4

1

4

$3.60M

$1.33M $1.14M

$1.10M $1.13M

$915K $1.02M

$933K $1.02M $1.09M

$887K $990K $855K

Oct-22

Sep-23 Oct-23

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET < 5

BALANCED 5 - 8

BUYERS'MARKET 8+

● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY

3.0

8

2.0

6

4

1.0

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

3 9 3.0

2 4 2.0

0 2 n/a

0 1 n/a

1 1 1.0

0 3 n/a

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