saanich east DETACHED - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 3.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2022
▲ 37% VS 2022
▲ 94% VS 2022
▼ 1.1% VS 2022
There were 108 detached listings in Saanich East in December, 35% below November and 37% higher than December 2022. December detached home sales increased by 24% month-over-month, to 31, and were 94% above December 2022. The months of inventory for detached in Saanich East, at 3.5, reflected a sellers' market. The detached median price in December was $1,225,000, a 2% increase from November and 8% above December 2022. The average sold price was $1,428,235, 2% above last month and down 1.1% to December 2022.
THIS MONTH No. $1,428,235 $1,225,000 3.5 31 108
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
16 79
94% 37%
$1,397,103 $1,200,000 6.6 25 165
2% 2% -47% 24% -35%
$1,444,844 $1,130,000 494%
-1.1% 8% -29%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
42
172 171
165
37
147
124
135
93
91
87
108
98 62
93 56
79
41
39
53
47
45
31
41
20
27
16
25
20
$1.37M $1.40M
$1.34M $1.30M
$1.30M $1.26M
$1.25M
$1.23M $1.20M
$1.20M $1.20M $1.23M
$1.13M
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
25
11.0
20
9.0
8.0
15
6.0
4.8
10
4.0
5
1.8
1.4
1.0
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 9 1.8
11 15 1.4
5 24 4.8
4 16 4.0
1 11 11.0
1 8 8.0
1 6 6.0
2 18 9.0
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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