sidney TOWNHOME - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 8.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 43% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 72% VS 2022
▲ 94% VS 2022
▲ 167% VS 2022
▼ 25% VS 2022
There were 24 townhome listings in Sidney in December, no change to November and 167% higher than December 2022. December townhome sales decreased by 40% month-over-month, to 3, and were 25% below December 2022. The months of inventory for townhomes in Sidney, at 8.0, reflected a buyers' market. The townhome median price in December was $1,120,000, a 14% increase from November and 94% above December 2022. The average sold price was $1,057,000, 13% above last month; the average PSF sale price was $597, down 5% to last month.
THIS MONTH No. $597 $1,057,000 $1,120,000 8.0 3 24
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
4 9
256% -25% 167%
$627 $934,600 $985,000 4.8 5 24
-5% 13% 14% 67% -40% 0%
$419 $616,250 $577,500 225%
43% 72% 94%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
51
24
21
21
24
21
17
14
14
14
12
36
14
14
10
13
9
9
5
8
5
6
4
2
5
5
3
2
$1.12M
$1.12M
$1.00M
$985K
$985K
12
$940K
$911K
$900K
$790K
$780K
$730K
$678K
$578K
Dec-22
Nov-23
Dec-23
▶ 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.
6
4.0
4+ bdrms
1
5
4
3
3 bdrms
14
3
2
0.5
2 bdrms
8
1
0
<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
0 3 n/a
0 1 n/a
0 4 n/a
1 4 4.0
2 1 0.5
0 5 n/a
0 6 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. 38 ●
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