victoria realestateboard CONDO -OCTOBER 2 0 2 3
MONTHS OF INVENTORY 4.7 SELLERS'M ARKET
▶ MARKETSUMMARY Therewere660 condo listingsin theVictoriaRealEstate Board in O ctober,8% aboveSeptem berand 36% higher than October2022. O ctobercondosalesdecreased by10% m onth-over-m onth,to 140,and were10% below O ctober 2022. Them onthsofinventory forcondosin theVictoriaReal Estate Board,at4.7,reflected aselers'm arket. Thecondom edian pricein Octoberwas$542,500,a3% decreasefrom Septem berand 0.5% below O ctober2022. Theaveragesold pricewas$635,473,3% below last m onth;theaveragePSF salepricewas$718,up 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2022
▼ 0.5% VS 2022
▲ 36% VS 2022
▼ 10% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 155 487
% Change
No. 156 610
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
140 660
5% 2% -0.5% 50% -10% 36%
3% -3% -3% 21% -10% 8%
$718 $635,473 $542,500 4.7
$681 $620,847 $545,000 314%
$699 $655,056 $558,500 3.9
▶ MEDIAN DAYSON MARKET
▶ RECENTTRENDS
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
30
660
610
494
476
470
460
487
504
415
484
475
22
413
360
254
245
200
18
164
156
129
208
155
191
140
167
103
94
$570K $548K $555K $560K $555K $550K $559K $543K
$545K $537K $508K
$525K $550K
Oct-22
Sep-23 Oct-23
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5 - 8
BUYERS'MARKET 8+
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● MONTHSOFINV.
250
9.4
4+ bdrms
1
200
7.3
2
150
3 bdrms
27
4.7
4.5
100
3.2 3.3
2.5
80
2 bdrms
50
371
0
58
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 2 5 2.5 15 48 3.2 77 251 3.3 23 216 9.4 13 61 4.7 4 29 7.3 0 23 n/a 6 27 4.5
<2 bdrms
261
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