rutland CONDO - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 5.6 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 10% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 0.4% VS 2023
▲ 8% VS 2023
▲ 25% VS 2023
▲ 200% VS 2023
There were 50 condo listings in Rutland in October, 6% below September and 25% higher than October 2023.
October condo sales increased by 13% month-over-month, to 9, and were 200% above October 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Rutland, at 5.6, re%ected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$425 $394,750 $426,500 5.6 9 50
$387 $393,333 $395,000 13.3 3 40
10% 0.4% 8% -58% 200% 25%
$397 $371,375 $378,500 6.6 8 53
7% 6% 13% -16% 13% -6%
The condo median price in October was $426,500, a 13% increase from September and 8% above October 2023. The average sold price was $394,750, 6% above last month; the average PSF sale price was $425, up 7% to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
61
52
56
48
49
55
50
53
51
39
40
38
37
31
28
24
15
15
11
6
9
12
12
4
4
3
10
8
3
$427K
$420K
$406K
$395K
$395K
$379K
$371K
$369K
$353K
$355K
$350K
$329K
$292K
Oct-23
Sep-24
Oct-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
40
13.0
4+ bdrms
30
3 bdrms
20
1
7
10
2 bdrms
2.2
26
0
2
<$200K $200K-399K $400K-599K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M+ MOI INVENTORY SALES 1 0 n/a 3 39 13.0 5 11 2.2
<2 bdrms
23
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of November 12, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 39 ●
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