victoria realestateboard TOWNHOME-OCTOBER 2 0 2 3
MONTHS OF INVENTORY 5.4 BALANCEDMARKET
▶ MARKETSUMMARY Therewere293 townhom elistingsin theVictoriaReal EstateBoard in O ctober,4% aboveSeptem berand 19% higherthan October2022. O ctobertownhom esalesdecreased by32% m onth-over-m onth,to 54,and were28% below O ctober 2022. Them onthsofinventory fortownhom esin theVictoria RealEstate Board,at5.4,reflected abalanced m arket. Thetownhom em edian pricein Octoberwas$776,250,a 0.2% increasefrom Septem berand 1.5% aboveO ctober 2022. Theaveragesold pricewas$846,261,0.7% below last m onth;theaveragePSF salepricewas$516,down 5% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.3% VS 2022
▲ 1.5% VS 2022
▲ 19% VS 2022
▼ 28% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$516 $846,261 $776,250 5.4 54 293
$557 $835,546 $765,000 329% 75 247
-7% 1.3% 1.5% 65% -28% 19%
$545 $852,609 $775,000 3.6 79 282
-5% -0.7% 0.2% 52% -32% 4%
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
28
293
27
253
282
239
232
247
256
216
21
237
23
212
188
174
122
12
89
79
71
99
75
55
90
84
54
50
47
$847K
$825K $790K $777K $775K $776K
$799K $755K $760K
$765K $765K $760K
$669K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET < 5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
70
9
18.0
60
4+ bdrms
74
50
33
40
3 bdrms
157
9.5
30
7.0 7.4
6.3
12
20
4.2
2 bdrms
3.7
59
3.0
10
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 5 15 3.0 12 44 3.7 16 67 4.2 7 49 7.0 5 37 7.4 4 38 9.5 1 18 18.0 4 25 6.3
3
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