peninsula DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 5.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 20% VS 2023
▲ 3% VS 2023
▼ 1.3% VS 2023
▼ 0.2% VS 2023
There were 154 detached listings in the Peninsula in September, 5% above August and 20% higher than September 2023. September detached home sales increased by 29% month-over-month, to 31, and were 3% above September 2023. The months of inventory for detached in the Peninsula, at 5.0, re&ected a sellers' market. The detached median price in September was $1,249,395, a 8% decrease from August and 0.2% below September 2023. The average sold price was $1,350,913, 23% below last month and down 1.3% to September 2023.
THIS MONTH No. $1,350,913 $1,249,395 5.0 31 154
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,368,500 $1,252,500 4.3 30 128
-1.3% -0.2% 16% 3% 20%
$1,753,346 $1,352,500 6.1 24 146
-23% -8% -18% 29% 5%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
32
145
154
156
153
128
146
128
110
107
120
22
80
77
72
38
37
17
31
26
22
31
30
35
25
24
17
16
17
$1.35M
$1.30M $1.38M
$1.27M $1.35M
$1.25M $1.20M $1.29M
$1.25M
$1.25M
$1.19M
$1.18M
$1.07M
Sep-23
Aug-24
Sep-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
35
22.0
30
25
16.0
20
15
10
6.3
5.8
5
2.0
2.0
1.1
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 2 n/a
1 0 n/a
8 9 1.1
7 14 2.0
6 35 5.8
4 8 2.0
1 22 22.0
3 19 6.3
1 16 16.0
0 29 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 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. 14 ●
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