the victoria rennie advance | September 2024

highlights • N ew M LS listingsof953 in Augustwerein linewith theprior10-yearAugustaverage,m arking theend ofseveralm onthsofaboveaveragenew listingsactivity. • Lookingatdiferenthom etypes,new condolistingsof309 were8% abovetheirprior10-year Augustaverage.N ew townhom elistingswerealso aboveaverage(+4% to 111),whilenew detached hom elistingsof471 were6% below average. • N ew listingsweredown 4% on ayear-over-yearbasiswith new detached listingsdown 6% versusa 4% declineforcondosand a5% increasefortownhom es.

GREATERVICTORIA THERENNIEADVANCE new listings

AUGUST2024

1,000

- 6% vsAug2023

800

600

502 10 yrAugAvg

400

471

DETACHED new listings

200

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

- 6% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

+ 5% vsAug2023

250

200

150

107 10 yrAugAvg

100

111

TOWNHOME new listings

50

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 4% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

600

- 4% vsAug2023

500

400

300

286 10 yrAugAvg

309

200

CONDO new listings

100

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 8% vs10yrAugAvg

﹍ 10yrAugustAverage

● August

Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber4,2024.Aldatafrom theVictoriaRealEstateBoard& Rennie. W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsastherecipientm ay de m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochange andanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 4 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online