victoria core TOWNHOME - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 3.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 20% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 9% VS 2022
▲ 13% VS 2022
▲ 64% VS 2022
▼ 15% VS 2022
There were 69 townhome listings in the Victoria Core in December, 27% below November and 64% higher than December 2022. December townhome sales decreased by 36% month-over-month, to 23, and were 15% below December 2022. The months of inventory for townhomes in the Victoria Core, at 3.0, reflected a sellers' market. The townhome median price in December was $855,750, a 4% decrease from November and 13% above December 2022. The average sold price was $827,884, 14% below last month; the average PSF sale price was $549, down 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23 69
27 42
20% 9% 13% 93% -15% 64%
36 94
-6% -14% -4% 15% -36% -27%
$549 $827,884 $855,750 3.0
$456 $758,981 $760,000 156%
$585 $957,542 $889,950 2.6
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
102
41
97
107
94
104
93
90
68
77
61
59
59
69
28
36
36
42
46
32
25
45
40
38
27
32
23
27
16
$890K
$890K
$864K
$864K
$857K
$863K
$856K
$844K
$850K
$835K
$835K
$822K
$760K
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.
20
3
10.0
4+ bdrms
23
15
12
3 bdrms
32
5.0
10
4.0
3.3
8
2.0
2 bdrms
5
13
1.0
0.8
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 10 10.0 1 4 4.0 0 20 n/a 1 2 2.0 7 7 1.0 2 10 5.0 8 6 0.8 3 10 3.3
1
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. 8 ●
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