sooke DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 6.9 BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.7% VS 2022
▲ 10% VS 2022
▲ 26% VS 2022
▲ 50% VS 2022
Therewere125 detachedlistingsin Sookein O ctober,7% below Septem berand 26% higherthan October2022. O ctoberdetached hom esalesincreased by 13% m onth-over-m onth,to18,and were50% aboveO ctober 2022. Them onthsofinventory fordetached in Sooke,at6.9, reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$866,000,a 5% increasefrom Septem berand 10% aboveO ctober 2022. Theaveragesold pricewas$901,876,1.2% below last m onth and up 1.7% toOctober2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
$901,876 $866,000 6.9 18 125
12 99
1.7% 10% -16% 50% 26%
$912,488 $823,500 8.4 16 134
-1.2% 5% -17% 13% -7%
$886,500 $790,000 825%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
36
124
134
125
34
106
102
93
109
92
99
85
84
26
84
80
33
25
19
12 12
18
9
22
12
19
17
16
16
$1.10M
$950K
$938K
$924K $858K
$907K $881K
$895K $850K
$825K $824K $866K
$790K
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
35
6.8
30
6.0
25
5.0
4.2
20
15
10
1.5
5
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
2 3 1.5
6 25 4.2
5 34 6.8
3 18 6.0
2 10 5.0
0 9 n/a
0 9 n/a
0 4 n/a
0 6 n/a
0 7 n/a
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom VictoriaRealEstateBoard& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor. Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
40
Made with FlippingBook - professional solution for displaying marketing and sales documents online