victoria CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 5.6 BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 9% VS 2022
▼ 1.4% VS 2022
▲ 36% VS 2022
▼ 9% VS 2022
Therewere272 condolistingsin Victoriain O ctober,8% aboveSeptem berand 36% higherthan October2022.
O ctobercondosalesdecreased by4% m onth-over-m onth, to49,and were9% below October2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
Them onthsofinventory forcondosin Victoria,at5.6, reflected abalanced m arket.
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$742 $608,525 $540,000 5.6 49 272
$742 $666,641 $547,450 370% 54 200
0.1% -9% -1.4% 50% -9% 36%
$701 $671,636 $558,000 5.0 51 253
6% -9% -3% 12% -4% 8%
Thecondom edian pricein Octoberwas$540,000,a3% decreasefrom Septem berand 1.4% below O ctober2022. Theaveragesold pricewas$608,525,9% below last m onth;theaveragePSF salepricewas$742,up 6% to lastm onth.
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
31
272
253
206 205
202
201
186
200
205
163
194
164
151
20
102
100
84
84
66
16
48
54
71
49
59
51
48
36
$570K $550K $543K $539K $553K $542K $558K $540K
$547K $551K
$523K $536K
$495K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
120
16.8
100
4+ bdrms
1
15.0
80
1
3 bdrms
60
9
40
5.0
5.0
25
2 bdrms
2.9
123
20
2.5
2.0
0
23
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 2 2.0 11 27 2.5 22 111 5.0 4 67 16.8 7 20 2.9 3 15 5.0 0 15 n/a 1 15 15.0
<2 bdrms
139
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