westshore TOWNHOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 4.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 37% VS 2023
▲ 17% VS 2023
▼ 0.9% VS 2023
▼ 0.1% VS 2023
There were 129 townhome listings in the Westshore in September, 22% above August and 37% higher than September 2023. September townhome sales remained the same month-over-month, at 27, and were 17% above September 2023. The months of inventory for townhomes in the Westshore, at 4.8, re(ected a sellers' market. The townhome median price in September was $731,000, a 8% increase from August and 0.1% below September 2023. The average sold price was $731,562, 2% above last month; the average PSF sale price was $504, down 4% 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
$504 $731,562 $731,000 4.8 27 129
23 94
17% 17% 37%
$527 $715,405 $680,000 3.9 27 106
-4% 2% 8% 22% 0% 22%
$471 $738,412 $732,000 4.1
7% -0.9% -0.1%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
122
45
129
120
103
102
99
115
111
39
109
106
94
90
87
44
27
31
36
27
34
23
11
27
27
22
15
13
14
$790K
$772K
$761K
$738K
$745K
$741K
$745K
$732K
$730K
$731K
$725K
$685K
$680K
Sep-23
Aug-24
Sep-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
40
24+
4+ bdrms
24
30
17
3 bdrms
72
20
7.5
5
2 bdrms
10
32
4.1
3.1
1.3
0
1 1
<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 28 28.0 0 10 n/a 2 15 7.5 3 4 1.3 7 29 4.1 14 43 3.1
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 October 9, 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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