sooke DETACHED - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 6.8 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2022
▲ 8% VS 2022
▼ 4% VS 2022
▼ 0.9% VS 2022
There were 88 detached listings in Sooke in December, 19% below November and 5% higher than December 2022. December detached home sales remained the same month-over-month, at 13, and were 8% above December 2022. The months of inventory for detached in Sooke, at 6.8, reflected a balanced market. The detached median price in December was $850,000, a 0.1% increase from November and 0.9% below December 2022. The average sold price was $854,334, 5% above last month and down 4% 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 88
12 84
8% 5%
$813,125 $849,000 8.4 13 109
5% 0.1% -19% 0% -19%
$854,334 $850,000 6.8
$892,146 $857,500 700%
-4% -0.9% -3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
68
125
124
134
109
106
102
109
92
55
85
84
84
88
50
80
33
25
19
17
9
22
13
12
19
17
16
16
13
$1.10M
$950K
$938K
$907K
$895K
$881K
$893K
$858K
$850K
$849K
$850K
$825K
$824K
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
20
5.0
15
3.7
10
1.7
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
0 3 n/a
6 10 1.7
4 20 5.0
3 11 3.7
0 16 n/a
0 10 n/a
0 6 n/a
0 6 n/a
0 2 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 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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