victoria DETACHED -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 8.3 BUYERS'M ARKET
▶ MARKETSUMMARY Therew ere 100 detached listingsin V ictoriain O ctober, 10% aboveSeptem berand 56% higherthan O ctober 2022. O ctoberdetached hom esalesdecreased by 48% m onth-over-m onth,to 12,and were52% below O ctober 2022. Them onthsofinventory fordetached in Victoria,at8.3, reflected abuyers'm arket. Thedetachedm edian pricein Octoberwas$1,149,500,a 15% decreasefrom Septem berand 9% below O ctober 2022. Theaveragesold pricewas$1,279,492,12% below last m onth and down 8% toOctober2022.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 8% VS 2022
▼ 9% VS 2022
▲ 56% VS 2022
▼ 52% VS 2022
THISMONTH No. $1,279,492 $1,149,500 8.3 12 100
PREVIOUSMONTH No.
PREVIOUSYEAR
No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
25 64
226% -52% 56%
23 91
-12% -15% 111% -48% 10%
$1,451,368 $1,360,000 4.0
$1,389,228 $1,270,000 256%
-8% -9%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
30
100
91
83
75
63
75
74
60
64
56
22
55
33
30
42
29
39
23
16
25
22
20
19
12
16
15
14
12
$1.43M $1.36M
$1.38M
$1.27M
$1.21M $1.24M $1.26M $1.27M
$1.15M
$1.15M
$1.10M
$1.05M $1.12M
Oct-22
Sep-23 Oct-23
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY ● MONTHSOFINVENTORY
20
17.0
15
12.0
11.0
10
5.7
5.0
5
3.3
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
0 2 n/a
4 13 3.3
3 17 5.7
2 22 11.0
1 17 17.0
1 5 5.0
1 12 12.0
0 6 n/a
0 5 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.
●
42
Made with FlippingBook - professional solution for displaying marketing and sales documents online