victoria core CONDO - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 5.7 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.9% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 44% VS 2022
▲ 4% VS 2022
▼ 1.0% VS 2022
▼ 0.5% VS 2022
There were 414 condo listings in the Victoria Core in December, 21% below November and 44% higher than December 2022. December condo sales decreased by 15% month-over-month, to 73, and were 4% above December 2022. The months of inventory for condos in the Victoria Core, at 5.7, reflected a balanced market. The condo median price in December was $499,888, a 4% decrease from November and 0.5% below December 2022. The average sold price was $535,640, 14% below last month; the average PSF sale price was $656, 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
$656 $535,640 $499,888 5.7 73 414
$643 $541,097 $502,500 410% 70 287
1.9% -1% -0.5% 38% 4% 44%
$700 $620,491 $520,000 6.1 86 525
-15% -21%
-4% -7%
-6% -14%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
496
525
34
33
450
349
414
344
342
315
370
344
338
287
311
195
197
22
157
129
116
107
155
148
112
73
70
86
69
$569K
$565K
$563K
$553K
$545K
$550K
$545K
$549K
$543K
$520K
$520K
$503K
$500K
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.
150
12.0
4+ bdrms
100
1
7.5
3 bdrms
7.0
13
4.4
50
38
2 bdrms
2.5
214
0
34
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 3 n/a 14 35 2.5 37 163 4.4 15 113 7.5 6 42 7.0 0 24 n/a 1 12 12.0 0 22 n/a
<2 bdrms
187
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. 9 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online