sooke TOWNHOME-OCTOBER 2 0 2 3
MONTHS OF INVENTORY 5.6 BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 17% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 19% VS 2022
▲ 22% VS 2022
▲ 12% VS 2022
▲ 400% VS 2022
Therewere28 townhom elistingsin Sookein O ctober, 8% aboveSeptem berand 12% higherthan October2022. O ctobertownhom esalesincreased by25% m onth-over-m onth,to5,and were400% aboveO ctober 2022. Them onthsofinventory fortownhom esin Sooke,at5.6, reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$680,500,a 3% increasefrom Septem berand 22% aboveO ctober 2022. Theaveragesold pricewas$667,700,0.3% below last m onth;theaveragePSF salepricewas$436,up 3% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$436 $667,700 $680,500 5.6 5 28
$526 $560,000 $560,000 2500% 1 25
-17% 19% 22% -78% 400% 12%
$423 $669,850 $662,500 6.5 4 26
3% -0.3% 3% -14% 25% 8%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
49
28
26
26
25
25
22
21 21
23
19
20 20
35
12
15
8
10
6
6 6
7
5
5
4
19
1
2
3
$720K $684K $688K
$697K
$687K $655K
$663K $681K
$650K $603K
$583K $629K
$560K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
14
1
12
13.0
4+ bdrms
6
10
3
8
3 bdrms
7.0
17
6
1
4
3.0
2 bdrms
5
2
1.0
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 2 2 1.0 1 13 13.0 1 7 7.0 1 3 3.0 0 1 n/a 0 2 n/a
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