the victoria rennie advance | September 2024

highlights • Them edian sold pricein G reaterV ictoriadecreased by 0.1% (averaged acros hom etypes) between Julyand August.Them edian sold pricefordetached hom esand townhom esweredown m onth-over-m onth by1.3% (to$1.16 m ilion)and 1.9% (to$775k),respectively,whilecondo m edian priceswereup 3% (to$540k). • Com pared to lastyear,m edian sold pricesweredown by0.3% (averaged acros hom etypes)with detached hom esseeingthebiggestdeclineat3% and m edian condopricesfaling1.8%.In contrast,townhom em edian priceswereup 3%. •

GREATERVICTORIA THERENNIEADVANCE median prices

AUGUST2024

$1,400,000

G reaterV ictoria

$1,200,000

$1,155,000

$1,000,000

$800,000

$600,000

- 3% vsAug2023

DETACHED median salesprice

$400,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0 $200,000

● August

$1,000,000

G reaterV ictoria

$800,000

$775,000

$600,000

+ 3% vsAug2023

$400,000

TOWNHOME median salesprice

$200,000

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

● August

$600,000

G reaterV ictoria

$540,000

$500,000

$400,000

$300,000

- 1.8% vsAug2023

$200,000

CONDO median salesprice

$100,000

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

● 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. 6 ●

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