victoria TOWNHOME - MAY 2 0 2 4
MONTHS OF INVENTORY 3.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2023
▲ 23% VS 2023
▲ 58% VS 2023
▼ 23% VS 2023
There were 38 townhome listings in Victoria in May, 31% above April and 58% higher than May 2023. May townhome sales decreased by 9% month-over-month, to 10, and were 23% below May 2023. The months of inventory for townhomes in Victoria, at 3.8, reflected a sellers' market. The townhome median price in May was $860,000, a 9% increase from April and 23% above May 2023. The average sold price was $873,015, 7% below last month; the average PSF sale price was $685, up 5% 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
10 38
13 24
106% -23% 58%
11 29
5% -7% 9% 44% -9% 31%
$685 $873,015 $860,000 3.8
$661 $814,331 $698,000 1.8
$652 $934,273 $791,000 2.6
4% 7% 23%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
29
38
27
25
29
23
24
25
20
23
23
21
21
16
12
16
11
13
10
10
9
13
10
11
3
7
3
4
$965K
$949K
$885K
$875K
7
$860K
$835K
$835K
$809K
$791K
$698K
$703K
$693K
$640K
May-23
Apr-24
May-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.
8
5.0
4+ bdrms
4
6
5
3.0
3.0
3 bdrms
2.7
15
4
1.5
4
2 bdrms
2
19
0
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 3 3.0
1 3 3.0
0 8 n/a
4 6 1.5
3 8 2.7
1 5 5.0
0 1 n/a
0 4 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 June 10, 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. 44 ●
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