colwood DETACHED - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 4.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2022
▲ 7% VS 2022
▲ 13% VS 2022
▲ 30% VS 2022
There were 52 detached listings in Colwood in December, 29% below November and 13% higher than December 2022. December detached home sales increased by 30% month-over-month, to 13, and were 30% above December 2022. The months of inventory for detached in Colwood, at 4.0, reflected a sellers' market. The detached median price in December was $1,025,800, a 2% decrease from November and 7% above December 2022. The average sold price was $1,076,669, 8% above last month and up 5% to December 2022.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
13 52
10 46
5% 7% -13% 30% 13%
10 73
8% -2% -45% 30% -29%
$1,076,669 $1,025,800 4.0
$994,150 $1,052,000 7.3
$1,023,900 $962,500 460%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
73
50
50
66
62
57
66
49
57
47
52
46
45
40 22
40
33
25
23
15
21
13
17
16
10
14
13
10
9
$1.21M $1.14M
$1.10M $1.05M $1.03M
$1.08M $1.06M $1.01M
$1.02M $1.09M $1.07M $1.06M
$963K
Dec-22
Nov-23
Dec-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
15
3.2
3.0
2.2
10
1.0
5
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
1 1 1.0
5 11 2.2
5 16 3.2
0 7 n/a
2 6 3.0
0 6 n/a
0 3 n/a
0 2 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 January 22, 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.
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