sidney TOWNHOME-OCTOBER 2 0 2 3
MONTHS OF INVENTORY 4.2 SELLERS'M ARKET
▶ MARKETSUMMARY Therewere21 townhom elistingsin Sidneyin O ctober, nochangetoSeptem berand 50% higherthan October 2022. O ctobertownhom esalesdecreased by44% m onth-over-m onth,to 5,and were67% aboveO ctober 2022. Them onthsofinventoryfortownhom esin Sidney,at 4.2,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$729,900,a 26% decreasefrom Septem berand 11% below O ctober 2022. Theaveragesold pricewas$774,680,17% below last m onth;theaveragePSF salepricewas$579,down 9% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 41% VS 2022
▼ 11% VS 2022
▲ 50% VS 2022
▲ 67% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$579 $774,680 $729,900 4.2 5 21
$535 $1,315,000 $820,000 467% 3 14
8% -41% -11% -10% 67% 50%
$638 $930,500 $985,000 2.3 9 21
-9% -17% -26% 80% -44% 0%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
28
21
21
21
17
14
14
14
13
14
12
14
14
13
10
9
4 9
8
5
6
5
5
3
2
2
2
8
$1.21M
7
$1.12M
$1.00M
$985K
$900K $940K $911K
$820K
$790K
$780K
$730K
$678K
$578K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
6
2.0
4+ bdrms
2
5
1.5
4
3
3 bdrms
13
3
0.5
2
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 2 n/a 2 1 0.5 1 2 2.0 0 2 n/a 2 3 1.5 0 3 n/a 0 6 n/a 0 2 n/a
1
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom VictoriaRealEstateBoard& Rennie.W hilethe inform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycan otbeguarante d.ren iegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces ary toverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanyproperty m aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 38 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online