view royal CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 7.0 BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 13% VS 2022
▼ 20% VS 2022
▲ 47% VS 2022
▼ 43% VS 2022
Therewere28 condolistingsin View Royalin O ctober, 4% aboveSeptem berand 47% higherthan October2022. O ctobercondosalesdecreased by33% m onth-over-m onth,to 4,and were43% below O ctober 2022. Them onthsofinventory forcondosin View Royal,at 7.0,reflected abalanced m arket. Thecondom edian pricein Octoberwas$560,500,a1.5% increasefrom Septem berand 20% below O ctober2022. Theaveragesold pricewas$571,600,1.9% abovelast m onth;theaveragePSF salepricewas$786,down 5% to lastm onth.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$786 $571,600 $560,500 7.0 4 28
$756 $658,032 $699,900 271% 7 19
4% -13% -20% 158% -43% 47%
$823 $560,767 $552,450 4.5 6 27
-5% 1.9% 1.5% 56% -33% 4%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
47
47
28
27
20 20
19
15
18
14
13
10
13
9
8
8
10
9
7
5
8
7
6 4
1 1
4
1
$700K
$635K $650K
$594K $565K
$585K
$585K
$552K $561K
9
$520K
$507K
$499K
$433K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
8.5
15
4+ bdrms
10
3 bdrms
4.5
5
2
2 bdrms
18
0
2
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 2 9 4.5 2 17 8.5 0 2 n/a
<2 bdrms
10
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom VictoriaRealEstateBoard& Rennie.W hilethe inform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycan otbeguarante d.ren iegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces ary toverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanyproperty m aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 48 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online