view royal DETACHED - APRIL 2 0 2 4
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 15% VS 2023
▲ 15% VS 2023
▼ 14% VS 2023
▼ 25% VS 2023
There were 12 detached listings in View Royal in April, no change to March and 14% lower than April 2023.
April detached home sales remained the same month-over-month, at 6, and were 25% below April 2023.
THIS MONTH No. $1,343,650 $1,294,500 2.0 6 12
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in View Royal, at 2.0, re&ected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,167,688 $1,123,500 1.8 8 14
15% 15% 14% -25% -14%
$1,093,983 $1,045,000 2.0 6 12
0% 0% 0%
The detached median price in April was $1,294,500, a 24% increase from March and 15% above April 2023.
The average sold price was $1,343,650, 23% above last month and up 15% to April 2023.
23% 24%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
24
22
21
19
17
13
14
15
12
12
11
8
9
9
6
6
7
7
4
6
6
5
5
4
1
9
3
3
1
$1.29M
$1.25M
$1.14M $1.22M
$1.12M $1.10M $1.07M
$1.02M $965K $1.05M
$1.00M
$892K
$848K
Apr-23
Mar-24
Apr-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
5
2.5
4
3
2
0.3
1
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 5 2.5
3 1 0.3
0 3 n/a
1 0 n/a
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 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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. 47 ●
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