metchosin DETACHED - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 38% VS 2023
▲ 12% VS 2023
▲ 200% VS 2023
▼ 27% VS 2023
There were 16 detached listings in Metchosin in September, 16% below August and 27% lower than September 2023. September detached home sales increased by 200% month-over-month, to 6, and were 200% above September 2023. The months of inventory for detached in Metchosin, at 2.7, re%ected a sellers' market. The detached median price in September was $1,285,000, a 7% decrease from August and 12% above September 2023. The average sold price was $1,589,167, 15% above last month and up 38% to September 2023.
THIS MONTH No. $1,589,167 $1,285,000 2.7 6 16
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,150,000 $1,150,000 11.0 2 22
-76% 200% -27%
$1,382,000 $1,382,000 9.5 2 19
15% -7% -72% 200% -16%
38% 12%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
21
21
41
22
20
19
19
18
18
14
16
13
15
30
10
7
6
6
4
3
2
2
2
2
2
1
2
3
16
$1.92M
$1.87M
$1.68M $1.68M
$1.55M
$1.40M $1.31M $1.38M $1.29M
$1.35M
$1.21M
$1.15M
$750K
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
4
1.5
3
1.0
1.0
2
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
2 0 n/a
1 1 1.0
2 3 1.5
0 4 n/a
0 3 n/a
0 4 n/a
1 1 1.0
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. 28 ●
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