north saanich DETACHED - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 8.2 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▲ 9% VS 2022
▲ 64% VS 2022
▼ 44% VS 2022
There were 41 detached listings in North Saanich in December, 20% below November and 64% higher than December 2022. December detached home sales decreased by 62% month-over-month, to 5, and were 44% below December 2022. The months of inventory for detached in North Saanich, at 8.2, reflected a buyers' market. The detached median price in December was $1,800,000, a 32% increase from November and 9% above December 2022. The average sold price was $2,036,000, 39% above last month and up 4% to December 2022.
THIS MONTH No. $2,036,000 $1,800,000 8.2 5 41
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,960,444 $1,650,000 278% 9 25
195% -44% 64%
13 51
39% 32% 109% -62% -20%
$1,469,492 $1,365,000 3.9
4% 9%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
61
84
56
61
51
56
56
56
41
33
38
31 16
31
25
17
15
13
13
13
9
5
11
11
11
5
7
24
$1.80M
$1.75M
$1.65M
$1.63M $1.65M $1.65M
$1.49M $1.59M
$1.40M
$1.42M $1.48M $1.37M
$1.25M
15
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
10
6.0
8
5.0
6
3.0
4
2
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 0 n/a
0 1 n/a
0 3 n/a
1 6 6.0
0 6 n/a
1 3 3.0
0 9 n/a
0 3 n/a
2 10 5.0
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 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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