the victoria rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 19 SUB-MARKETS IN GREATER VICTORIA
published August 2024
table of contents
02 INTRO
Each month, we release the rennie review, a detailed look at the real estate marketplace in Greater Victoria Region. This report examines the market stats by sub-market, provides updates on current rennie projects, and more.
03 WHAT YOU NEED TO KNOW
04 FEATURED LISTINGS
05 VICTORIA REAL ESTATE BOARD
NEIGHBOURHOOD PROFILES
08 11 14 17 18 19 20 22 25 28 29 30 32 35 38 41 43 46 47
Victoria Core
Roman Melzer MARKET ANALYST
Ryan Wyse LEAD ANALYST & MARKET INTELLIGENCE MANAGER rwyse@rennie.com
Ryan Berlin SENIOR ECONOMIST VICE PRESIDENT, INTELLIGENCE rberlin@rennie.com
Westshore Peninsula
Gulf Islands
rmelzer@rennie.com
Malahat
Central Saanich
Colwood
Esquimalt Langford Metchosin
North Saanich
Oak Bay
Saanich East Saanich West
Sidney Sooke
Victoria
Victoria West
View Royal
50 AREA MAPS
54 GLOSSARY
2 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 August 6, 2024. All data from the Victoria Real Estate Board & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
atypical markets still adhere to typical seasonal patterns Active listings have climbed significantly across Greater Victoria, but a closer look shows considerable variation in the pace of growth across its 19 sub-regions. As it turns out, the prevalence of condos is a distinguishing factor.
Colwood (+22% to 117), Oak Bay (+23% to 111), and North Saanich (+28% to 77) all saw inventory grow less than the Greater Victoria average. Are there any characteristics that might determine whether a sub-region has seen above or below average inventory growth? Intuitively, home type composition matters. The sub-regions that have seen the largest year-over-year growth in active listings also have the most condo inventory. For example, the share of condo listings ranged from 45% in Sidney to 84% in Victoria West. In contrast, among the sub-regions that have seen below average inventory growth, the share of active condo listings ranged from 0% in Metchosin to 18% in Colwood. Highlands and Sooke were two notable outliers. Detached homes account for 95% or more of total inventory in these two sub- regions, yet inventory was up 70% and 63% year-over- year, respectively. On the sales front, Greater Victoria was the only of BC’s three largest housing markets to see a year-over- year increase with MLS sales up 9% to 619 in July (versus declines of 6% in the Vancouver Region and 8% in the Central Okanagan). That’s a small bright spot considering that activity was still 16% below the prior 10-year July average (of 734), but it’s a sign that buyers are still shopping despite elevated borrowing costs. Relative to last year, they have a lot more options to consider.
Housing markets are incredibly seasonal. So much so that even in the midst of generationally high interest rates, extraordinary government intervention, and uncomfortably cool sales activity, they still adhere to certain seasonal rules and patterns. Looking at the seasonality of resale inventory in Greater Victoria over the past decade, active listings typically reach their high water mark around the middle of the year before plateauing and then declining through the fall and into winter. Now that we’ve passed the midpoint of 2024, let’s put Greater Victoria’s inventory story into context and assess how inventory changes vary at the sub-regional level. Active MLS listings of 2,698 at the end of July were down 3% month-over-month from a year-to-date high of 2,791 in June. Though this was a slightly bigger drop than the typical June-to-July decline of 0.6%, inventory was 27% above the prior 10-year July average of 2,121. As discussed in recent Victoria rennie reviews, rising condo inventory is responsible for much of this increase, driven in part by a suite of government policies that have disproportionately
affected condo investors (e.g., the increase to the capital gains inclusion rate, the short-term rental ban, and changes to the Residential Tenancy Act). Condo inventory was 53% above its prior 10-year July average versus 23% for townhomes and 18% for detached homes. The ascent to such elevated inventory has been rather abrupt. Compared to July of last year, inventory has climbed 42% across Greater Victoria, led by a 71% year-over-year increase in condo inventory. Townhome inventory has climbed by a lower (but still significant) 38%, and detached home listings were up 30%. Wide variations in inventory changes also exist across Greater Victoria’s 19 sub-regions. Sidney has seen active listings rise the most, up 86% year-over-year to 93. Victoria (+57% to 494), Victoria West (+56% to 61), and Esquimalt (+48% to 77) have also seen inventory rise faster than the regional average (of 42%). In contrast, active listings in Metchosin were down 5% year-over-year to 21 (the only sub-region to see an annual decline), and Malahat (+7% to 137),
3 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 August 6, 2024. All data from the Victoria Real Estate Board & 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.
featured listings SEARCH FOR THE HOME YOU LOVE AT RENNIE.COM
HOUSE FOR SALE $2,998,000 | OAK BAY
HOUSE FOR SALE $1,888,000 | COLWOOD CORNERS 679 Medalist Avenue 4 BED, 4,232 SF
736 Falkland Rd 5 BED, 4,011 SF Chris Gill PREC* 250.744.6956
Cathie Jeffrey 250.857.2283
HOUSE FOR SALE $1,769,900 | COLWOOD CORNERS 3909 Olympian Way 4 BED, 4,257 SF
HOUSE FOR SALE $1,599,000 | ATKINS 2601 Savory Road 5 BED, 2,651 SF Mike Pearce PREC* 250.514.3550
John Hircock 250.881.0357
TOWNHOME $929,900 | BRENTWOOD BAY 7062 Central Saanich Road 3 BED, 1,681 SF
TOWNHOME FOR SALE $719,000 | BRENTWOOD BAY 214 S 3564 Ryder Hesjedal Way 2 BED, 1,002 SF
Jake Duvall 250.589.3612
Samantha Armstrong 250.818.9539
BELLA PARK $659,900 | COLWOOD CORNERS 105 - 3582 Ryder Hesjedal Way 2 BED, 850 SF
TOWNHOME FOR SALE $550,000 | BEAVER LAKE 18 - 4140 Interurban Road 2 BED, 1,501 SF
Nickole Goeujon 250.686.0078
Brett Jones 250.588.7646
MIDTOWN PLACE $529,900 | HILLSIDE 304 - 2515 Dowler Place 2 BED, 857 SF
THE YATES ON YATES $514,900 | DOWNTOWN 309 848 Yates Street 1 BED, 698 SF
Jeff Shaw 250.508.8035
Matthew Davis PREC* 250.217.4922
4 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 August 6, 2024. All data from the Victoria Real Estate Board & 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.
victoria real estate board DETACHED - JULY 2 0 2 4
MONTHS OF INVENTORY 5.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 30% VS 2023
▲ 8% VS 2023
▼ 5% VS 2023
▼ 1.9% VS 2023
There were 1,451 detached listings in the Victoria Real Estate Board in July, 3% below June and 30% higher than July 2023. July detached home sales decreased by 12% month-over-month, to 293, and were 8% above July 2023. The months of inventory for detached in the Victoria Real Estate Board, at 5.0, reflected a sellers' market.
THIS MONTH No. $1,334,547 $1,170,000 5.0 293 1,451
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,407,413 $1,192,500 4.1 272 1,113
-5% -1.9% 21% 8% 30%
$1,281,900 $1,199,500 4.5 332 1,494
4% -2% 10% -12% -3%
The detached median price in July was $1,170,000, a 2% decrease from June and 1.9% below July 2023.
The average sold price was $1,334,547, 4% above last month and down 5% to July 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,494
31
1,399
1,451
1,227
1,220
1,186
1,073
1,113
1,108
24
1,004
876
21
797
776
381
281
258
227
293
185
272
332
137
318
213
184
162
$1.23M $1.17M $1.20M $1.17M
$1.19M $1.19M $1.21M
$1.15M $1.15M
$1.12M $1.15M
$1.08M $1.06M
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
250
13.7
13.0
200
8.9
8.9
150
7.2
5.7
100
4.6
4.1
3.1
3.0
50
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
3 17 5.7
21 86 4.1
70 216 3.1
75 227 3.0
57 261 4.6
19 136 7.2
16 142 8.9
14 124 8.9
7 91 13.0
11 151 13.7
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 5 ●
victoria real estate board TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 3.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 2% VS 2023
▲ 1.1% VS 2023
▲ 38% VS 2023
▲ 10% VS 2023
There were 242 townhome listings in the Victoria Real Estate Board in July, 7% below June and 38% higher than July 2023. July townhome sales increased by 1.3% month-over-month, to 78, and were 10% above July 2023. The months of inventory for townhomes in the Victoria Real Estate Board, at 3.1, reflected a sellers' market. The townhome median price in July was $794,000, a 6% increase from June and 1.1% above July 2023. The average sold price was $841,386, 5% above last month; the average PSF sale price was $542, up 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$542 $841,386 $794,000 3.1 78 242
$521 $824,096 $785,000 2.5 71 175
4% 2% 1.1% 26% 10% 38%
$524 $798,418 $750,000 3.4 77 261
3% 5% 6% -8% 1.3% -7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
31
264
261
242
221
210
242
205
203
199
175
24
183
176
163
21
94
72
65
78
71
52
85
77
75
67
43
37
35
$845K
$805K
$790K
$790K
$794K
$785K
$770K
$750K
$755K
$750K
$750K
$720K
$694K
Jul-23
Jun-24
Jul-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.
60
10
4.5
4+ bdrms
27
3.9
50
3.5
3.4
3.1
3.0
40
46
3 bdrms
2.3
127
30
1.5
20
20
2 bdrms
84
10
0
2
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES
4
11 16 1.5
13 40 3.1
16 63 3.9
14 42 3.0
8 28 3.5
11 37 3.4
3 7 2.3
2 9 4.5
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 6 ●
victoria real estate board CONDO - JULY 2 0 2 4
MONTHS OF INVENTORY 4.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 71% VS 2023
▲ 9% VS 2023
▼ 7% VS 2023
▼ 5% VS 2023
There were 828 condo listings in the Victoria Real Estate Board in July, 3% below June and 71% higher than July 2023. July condo sales increased by 6% month-over-month, to 209, and were 9% above July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 191 484
% Change
No. 197 855
% Change
The months of inventory for condos in the Victoria Real Estate Board, at 4.0, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
209 828
-2% -7% -5% 56% 9% 71%
-5% -9% 6% -3%
The condo median price in July was $525,000, a 5% decrease from June and 5% below July 2023. The average sold price was $586,448, 0.3% below last month; the average PSF sale price was $687, down 1.1% to last month.
$687 $586,448 $525,000 4.0
$702 $633,210 $555,000 2.5
$695 $588,361 $550,000 4.3
-1.1% -0.3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
30
828
855
849
681
669
660
746
610
25
579
484
536
537
504
248
17
181
156
154
209
191
125
200
197
167
141
117
104
$559K
$559K
$555K
$550K
$550K
$545K
$544K
$546K
$540K
$530K
$525K
$525K
$520K
Jul-23
Jun-24
Jul-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.
400
16.0
4+ bdrms
300
11.0
5
3 bdrms
200
19
6.8
5.0
4.8
121
4.6
100
2 bdrms
3.4
2.7
498
0
83
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 11 11.0 27 72 2.7 111 372 3.4 44 222 5.0 16 73 4.6 4 19 4.8 4 27 6.8 2 32 16.0
<2 bdrms
311
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 7 ●
victoria core DETACHED - JULY 2 0 2 4
MONTHS OF INVENTORY 4.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.6% VS 2023
▲ 29% VS 2023
▲ 16% VS 2023
▼ 8% VS 2023
There were 512 detached listings in the Victoria Core in July, 0.8% below June and 29% higher than July 2023. July detached home sales decreased by 23% month-over-month, to 129, and were 16% above July 2023. The months of inventory for detached in the Victoria Core, at 4.0, reflected a sellers' market.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 111 398
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
129 512
-8% 1.6% 11% 16% 29%
167 516
6% -0.4% 28% -23% -0.8%
The detached median price in July was $1,270,000, a 0.4% decrease from June and 1.6% above July 2023.
$1,439,080 $1,270,000 4.0
$1,353,211 $1,275,000 3.1
$1,559,854 $1,250,000 3.6
The average sold price was $1,439,080, 6% above last month and down 8% to July 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
27
512
453
516
512
442
397
435
398
400
316
21
360
268
260
185
167
140
15
109
129
153
86
111
102
97
77
72
66
$1.34M $1.32M $1.27M $1.27M
$1.25M $1.34M $1.30M
$1.20M $1.20M $1.20M $1.15M $1.20M $1.21M
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
100
12.3
80
10.5
9.8
60
7.0
40
4.8
3.0
2.9
2.5
20
1.5
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
0 1 n/a
2 6 3.0
26 39 1.5
33 84 2.5
32 93 2.9
12 58 4.8
6 59 9.8
8 56 7.0
4 42 10.5
6 74 12.3
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 8 ●
victoria core TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▲ 7% VS 2023
▲ 25% VS 2023
▲ 29% VS 2023
There were 84 townhome listings in the Victoria Core in July, 13% below June and 25% higher than July 2023. July townhome sales increased by 43% month-over-month, to 40, and were 29% above July 2023. The months of inventory for townhomes in the Victoria Core, at 2.1, reflected a sellers' market. The townhome median price in July was $854,500, a 5% increase from June and 7% above July 2023. The average sold price was $900,060, 1.2% above last month; the average PSF sale price was $565, down 5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
40 84
31 67
7% 4% 7% -3% 29% 25%
28 97
-5% 1.2% 5% -39% 43% -13%
$565 $900,060 $854,500 2.1
$530 $867,332 $800,000 2.2
$597 $889,296 $814,500 3.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
92
29
97
75
84
71
77
62
67
73
61
67
40
51
39
36
18
40
31
42
29
17
31
32
28
26
21
20
14
$890K
$881K
$869K
$874K
$853K
$855K
$840K
$840K
$820K
$815K
$800K
$800K
$700K
Jul-23
Jun-24
Jul-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.
6 6
3.0
3.0
3.0
4+ bdrms
15
2.6
2.0
1.9
1.8
21
3 bdrms
10
43
0.8
13
5
2 bdrms
35
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 4 0.8
4 7 1.8
7 14 2.0
9 17 1.9
4 12 3.0
7 18 2.6
2 6 3.0
2 6 3.0
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 9 ●
victoria core CONDO - JULY 2 0 2 4
MONTHS OF INVENTORY 3.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 4% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 70% VS 2023
▼ 10% VS 2023
▼ 8% VS 2023
▼ 6% VS 2023
There were 573 condo listings in the Victoria Core in July, 1.2% below June and 70% higher than July 2023.
July condo sales increased by 6% month-over-month, to 146, and were 6% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 155 338
% Change
No. 138 580
% Change
The months of inventory for condos in the Victoria Core, at 3.9, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
146 573
-4% -10% -8% 80% -6% 70%
0.4% -1.2% -5% -7% 6% -1.2%
The condo median price in July was $524,500, a 5% decrease from June and 8% below July 2023. The average sold price was $590,470, 1.2% below last month; the average PSF sale price was $700, up 0.4% to last month.
$700 $590,470 $524,500 3.9
$727 $655,946 $568,500 2.2
$697 $597,789 $549,950 4.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
31
540
573
525
600
580
496
450
26
469
414
410
409
338
370
183
133
155
116
107
146
15
138
134
112
112
88
86
73
$572K
$569K
$563K
$558K
$557K
$549K
$550K
$545K
$543K
$541K
$520K
$525K
$500K
Jul-23
Jun-24
Jul-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.
250
24+
4+ bdrms
200
150
4
3 bdrms
12
100
8.0
82
2 bdrms
5.7
50
4.6
326
3.6
3.7
2.3
0
60
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 5 n/a 25 57 2.3 67 242 3.6 32 146 4.6 15 55 3.7 3 17 5.7 3 24 8.0 1 27 27.0
<2 bdrms
235
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 10 ●
westshore DETACHED - JULY 2 0 2 4
MONTHS OF INVENTORY 5.8 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 46% VS 2023
▲ 1.2% VS 2023
▼ 3% VS 2023
▼ 6% VS 2023
There were 485 detached listings in the Westshore in July, 6% below June and 46% higher than July 2023. July detached home sales decreased by 5% month-over-month, to 83, and were 1.2% above July 2023. The months of inventory for detached in the Westshore, at 5.8, reflected a balanced market.
THIS MONTH No. $1,163,162 $1,075,000 5.8 83 485
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,196,139 $1,142,500 4.0 82 332
-3% -6% 44% 1.2% 46%
$1,079,519 $1,055,000 5.9 87 515
-5% -6%
The detached median price in July was $1,075,000, a 1.9% increase from June and 6% below July 2023.
8% 1.9% -1.3%
The average sold price was $1,163,162, 8% above last month and down 3% to July 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
515
35
485
427
465
393
385
373
29
320
332
346
341
291
288
23
111
87
78
54
56
82
83
43
41
90
87
61
53
$1.14M
$1.10M $1.03M $1.06M $1.08M
$1.02M $1.06M
$994K $1.04M
$990K
$973K
$980K
$960K
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
100
24+
21.0
80
60
40
9.5
6.4
5.9
5.1
20
4.3
3.8
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
0 8 n/a
8 41 5.1
26 98 3.8
20 85 4.3
16 103 6.4
7 41 5.9
4 38 9.5
1 27 27.0
1 21 21.0
0 23 n/a
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 11 ●
westshore TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 4.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 35% VS 2023
▼ 3% VS 2023
▼ 0.2% VS 2023
▼ 4% VS 2023
There were 109 townhome listings in the Westshore in July, 5% below June and 35% higher than July 2023.
July townhome sales decreased by 21% month-over-month, to 27, and were 4% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in the Westshore, at 4.0, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$502 $744,359 $745,000 4.0 27 109
28 81
-0.3% -3% -0.2% 40% -4% 35%
$456 $737,411 $729,625 3.4 34 115
10% 0.9% 2% 19% -21% -5%
The townhome median price in July was $745,000, a 2% increase from June and 0.2% below July 2023. The average sold price was $744,359, 0.9% above last month; the average PSF sale price was $502, up 10% to last month.
$503 $770,448 $746,275 2.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
122
120
103
102
109
115
99
111
94
90
81
87
26
84
26
44
34
31
28
36
27
34
11
23
22
15
14
13
$790K
$772K
$761K
$746K
$738K
$745K
$741K
$745K
$732K
$730K
$725K
$725K
$685K
Jul-23
Jun-24
Jul-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
4
10.0
4+ bdrms
19
30
19
3 bdrms
64
20
4.9
4.3
4.2
4.0
2
2 bdrms
10
24
1.2
0
2 2
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 1 10 10.0 3 13 4.3 5 6 1.2 6 25 4.2 8 39 4.9 4 16 4.0
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 12 ●
westshore CONDO - JULY 2 0 2 4
MONTHS OF INVENTORY 4.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.2% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2023
▲ 12% VS 2023
▲ 57% VS 2023
▲ 95% VS 2023
There were 184 condo listings in the Westshore in July, 14% below June and 57% higher than July 2023.
July condo sales increased by 8% month-over-month, to 43, and were 95% above July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in the Westshore, at 4.3, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$630 $514,691 $512,000 4.3 43 184
$629 $485,631 $457,000 5.3 22 117
0.2% 6% 12% -20% 95% 57%
$657 $531,709 $511,000 5.3 40 213
0.2% -20% 8% -14%
The condo median price in July was $512,000, a 0.2% increase from June and 12% above July 2023. The average sold price was $514,691, 3% below last month; the average PSF sale price was $630, down 4% to last month.
-4% -3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
213
28
179
184
148
22
125
121
121
145
111
117
20
106
90
83
50
37
35
43
27
42
40
22
33
27
24
20
20
$567K
$545K
$544K
$536K
$530K
$533K
$531K
$511K
$512K
$505K
$500K
$492K
$457K
Jul-23
Jun-24
Jul-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.
100
7.3
4+ bdrms
6.5
80
6.0
1
60
3 bdrms
6
3.1
40
26
2 bdrms
20
123
0
16
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 33 102 3.1 7 51 7.3 0 10 n/a 0 1 n/a 0 1 n/a 1 6 6.0 2 13 6.5
<2 bdrms
55
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 13 ●
peninsula DETACHED - JULY 2 0 2 4
MONTHS OF INVENTORY 4.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 22% VS 2023
▲ 9% VS 2023
▼ 9% VS 2023
▼ 6% VS 2023
There were 152 detached listings in the Peninsula in July, 3% below June and 22% higher than July 2023.
July detached home sales increased by 6% month-over-month, to 37, and were 9% above July 2023.
THIS MONTH No. $1,695,954 $1,190,000 4.1 37 152
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in the Peninsula, at 4.1, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,870,504 $1,259,500 3.7 34 125
-9% -6% 12% 9% 22%
$1,540,311 $1,380,000 4.5 35 156
10% -14% -8% 6% -3%
The detached median price in July was $1,190,000, a 14% decrease from June and 6% below July 2023.
The average sold price was $1,695,954, 10% above last month and down 9% to July 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
145
152
156
128
128
125
110
107
124
120
80
77
22
72
21
38
37
31
37
26
34
22
35
30
25
17
16
17
$1.33M $1.25M
$1.30M $1.38M
$1.26M
$1.27M $1.35M
$1.25M
$1.20M $1.29M
$1.19M
$1.18M
$1.07M
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
11.0
25
20
8.0
7.3
15
5.6
5.2
10
1.8
5
1.4
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
3 0 n/a
5 9 1.8
11 15 1.4
4 29 7.3
0 7 n/a
5 26 5.2
2 22 11.0
2 16 8.0
5 28 5.6
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 14 ●
peninsula TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 4.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.9% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2023
▲ 94% VS 2023
▼ 1.6% VS 2023
▼ 11% VS 2023
There were 33 townhome listings in the Peninsula in July, 10% above June and 94% higher than July 2023.
July townhome sales decreased by 33% month-over-month, to 8, and were 11% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in the Peninsula, at 4.1, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$580 $926,688 $945,750 4.1 8 33
$592 $941,778 $900,000 1.9 9 17
-1.9% -1.6% 5% 118% -11% 94%
12 30
-2% 12% 26% 65% -33% 10%
The townhome median price in July was $945,750, a 26% increase from June and 5% above July 2023. The average sold price was $926,688, 12% above last month; the average PSF sale price was $580, down 2% to last month.
$593 $823,867 $749,000 2.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
33
31
33
30
25
24
24
24
24
24
23
22
25
17
16
12
10
10
8
9
6
8
8
3
3
7
6
5
10
$1.12M
$946K
$900K
$865K
$853K
$840K
$822K
$764K
$747K
$749K
$730K
$715K
$702K
Jul-23
Jun-24
Jul-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.
6
6.0
6.0
4+ bdrms
2
5
4
5
3 bdrms
14
3
2.5
2
1.3
3
1.0
2 bdrms
15
1
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
2
0 3 n/a
2 5 2.5
1 6 6.0
0 6 n/a
3 4 1.3
1 6 6.0
1 1 1.0
0 2 n/a
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 15 ●
peninsula CONDO - JULY 2 0 2 4
MONTHS OF INVENTORY 3.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 27% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 14% VS 2023
▲ 143% VS 2023
▲ 46% VS 2023
▼ 5% VS 2023
There were 68 condo listings in the Peninsula in July, 17% above June and 143% higher than July 2023.
July condo sales remained the same month-over-month, at 19, and were 46% above July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in the Peninsula, at 3.6, reflected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19 68
13 28
66% 46% 143%
19 58
-7% 12% -5% 17% 0% 17%
The condo median price in July was $567,000, a 5% decrease from June and 5% below July 2023. The average sold price was $713,279, 12% above last month; the average PSF sale price was $703, down 7% to last month.
$703 $713,279 $567,000 3.6
$552 $625,269 $595,000 2.2
$758 $639,153 $599,000 3.1
27% 14% -5%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
66
21
21
68
58
57
46
44
17
42
49
37
36
34
28
22
27
19
13
13
11
19
13
9
17
16
10
8
7
$745K
$625K
$625K
$595K
$602K
$599K
$588K
$590K
$578K
$567K
$560K
$535K
$505K
Jul-23
Jun-24
Jul-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.
25
8.0
4+ bdrms
20
6.0
15
3 bdrms
1
4.0
3.0
10
2.4
13
2 bdrms
5
1.0
49
0
6
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 2 n/a 11 26 2.4 4 24 6.0 1 8 8.0 1 1 1.0 1 3 3.0 1 4 4.0
<2 bdrms
18
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 August 6, 2024. All data from Victoria Real Estate Board & 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. 16 ●
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55Made with FlippingBook - professional solution for displaying marketing and sales documents online