highlights • ActiveM LS listingsreached 1,894 in M arch,16% abovethepast10-yearM arch average,which wasthehighestlevelforthem onth since2015(2,737).Thetrend difered byhom etypewith inventoryforcondosand townhom es38% and 28% abovetheirlong-run averages,respectively.In contrast,detached hom einventorywasjust3% aboveitslong-run averageforM arch. • Inventoryexpanded quiteconsiderablyyear-over-yearacros al hom etypes:detached hom esby 28%,townhom esby29%,and condosby42%. • M arketconditionsfavoured selersacros hom etypesin G reaterV ictoriain M arch,w ith there being 3.7 m onthsofinventory(M O I)supplying them arket.Al segm entsfavoured selers,in fact, with detached havingan M OIof3.8,townhom esat3.0,and condosat3.9.
GREATERVICTORIA THERENNIEADVANCE inventory
MARCH 2024
2,500
+ 28% vsM ar2023
2,000
1,500
974 10 yrM arAvg
1,000
1,005
DETACHED inventory
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 3% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
600
+ 29% vsM ar2023
500
400
300
172 10 yrM arAvg
200
220
TOWNHOME inventory
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 28% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
1,000
+ 42% vsM ar2023
800
600
669
486 10 yrM arAvg
400
CONDO inventory
200
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 38% vs10yrM arAvg
﹍ 10 yrM arch Average
● March
Copyright© April2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril2,2024.Aldatafrom theVictoriaRealEstate Board& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociates advisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
5
Made with FlippingBook - professional solution for displaying marketing and sales documents online