westshore TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 3.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.1% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 2% VS 2023
▲ 3% VS 2023
▲ 92% VS 2023
▲ 24% VS 2023
There were 121 townhome listings in the Westshore in April, 8% above March and 92% higher than April 2023. April townhome sales increased by 16% month-over-month, to 36, and were 24% above April 2023. The months of inventory for townhomes in the Westshore, at 3.4, re&ected a sellers' market. The townhome median price in April was $745,000, a 3% decrease from March and 3% above April 2023. The average sold price was $749,558, 5% below last month; the average PSF sale price was $487, up 0.0% 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
$487 $749,558 $745,000 3.4 36 121
29 63
0.1% 2% 3% 55% 24% 92%
$487 $789,120 $772,000 3.6 31 112
0% -5% -3% -7% 16% 8%
$487 $731,611 $725,000 2.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
121
112
103
102
99
94
81
90
73
87
84
81
63
34
31
21
36
28
26
29
11
23
22
21
16
15
14
13
$790K
$772K
$761K
$748K
$746K
$738K
$745K
$732K
$725K
$725K
$725K
$705K
$685K
Apr-23
Mar-24
Apr-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.
4
14.0
40
4+ bdrms
19
30
23
3 bdrms
68
20
5.0
4.2
9
2 bdrms
3.0
2.6
10
33
1.7
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 1 14 14.0 0 1 n/a 3 5 1.7 6 25 4.2 17 45 2.6 7 21 3.0 2 10 5.0
1
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 May 8, 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 ●
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