victoria realestateboard DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 6.5 BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 1,188 detached listingsin the V ictoriaReal EstateBoard in O ctober,3% below Septem berand 25% higherthan October2022. O ctoberdetached hom esalesdecreased by 20% m onth-over-m onth,to 182,and were18% below O ctober 2022. Them onthsofinventory fordetached in theVictoria RealEstate Board,at6.5,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,115,000,a 8% decreasefrom Septem berand 4% aboveO ctober 2022. Theaveragesold pricewas$1,247,070,8% below last m onth and up 1.1% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.1% VS 2022
▲ 4% VS 2022
▲ 25% VS 2022
▼ 18% VS 2022
THISMONTH No. $1,247,070 $1,115,000 6.5 182 1,188
PREVIOUSMONTH No.
PREVIOUSYEAR
No. 221 954
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
1.1% 4% 51% -18% 25%
$1,355,621 $1,210,000 5.4 227 1,227
-8% -8% 21% -20% -3%
$1,233,903 $1,070,000 432%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
29
1,227
1,13
1,188
26
1,108
954 886
1,019
784
23
918
816
713
675
652
372
289
258
227
181
318
312
221
273
182
197
139
17
$1.20M $1.19M $1.19M $1.20M $1.19M $1.21M
$1.15M $1.08M
$1.12M
$1.07M $1.06M $1.05M $1.07M
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
200
24+
24+
150
100
12.8
12.6
9.3
7.5
50
4.7
4.0
3.7
3.0
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+ 5 124 24.8
MOI INVENTORY SALES
4 12 3.0
15 70 4.7
53 195 3.7
48 192 4.0
26 194 7.5
11 139 12.6
10 93 9.3
8 102 12.8
2 67 33.5
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