victoria w est CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 5.6 BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 0.3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 39% VS 2022
▲ 12% VS 2022
▲ 40% VS 2022
0.0% VS 2022
Therewere56 condolistingsin VictoriaW estin O ctober, 30% aboveSeptem berand 40% higherthan O ctober 2022. O ctobercondosalesdecreased by33% m onth-over-m onth,to 10,and werethesam ein O ctober 2022. Them onthsofinventory forcondosin VictoriaW est,at 5.6,reflected abalanced m arket. Thecondom edian pricein Octoberwas$607,503,a12% decreasefrom Septem berand 12% aboveO ctober2022. Theaveragesold pricewas$846,101,9% abovelast m onth;theaveragePSF salepricewas$839,up 0.4% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
10 56
10 40
-0.3% 39% 12% 40% 0% 40%
15 43
0.4% 9% -12% 95% -33% 30%
$839 $846,101 $607,503 5.6
$841 $607,250 $541,250 400%
$836 $773,620 $690,000 2.9
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
30
30
56
43
40
31
30
27
32
24
22
28 29
26
26
15
14
13
18
17
16
8
10
10
13
5
12
2
10
$855K
$795K
$795K
$703K $695K
$700K $715K $730K
$667K $670K $690K
$608K
$541K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
20
14.0
4+ bdrms
15
10.0
9.0
3 bdrms
10
5
5
2 bdrms
3.0
33
1.8
1.0
0
5
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 1 1.0 4 7 1.8 2 20 10.0 1 14 14.0 1 9 9.0 0 2 n/a 1 3 3.0
<2 bdrms
23
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