highlights • G reaterVictoriarecorded 363 M LS salesin O ctober,which wasdown 21% from Septem ber’s462 salesand wasthelowestm onthlytotalsinceJanuary.Thism onth-to-m onth changeran counterto thetypicalSeptem ber-to-O ctoberincreasein sales(of1.2% ),w ith O ctober’ssales20% below those ofoneyearago,and 43% lowerthan thelong-run O ctoberaverage. • Com pared toSeptem ber,O ctober’sdetached hom esalesweredown by23% (to174),townhom e salesweredown by34% (to52),and condosalesweredown by12% (to137). • O ctober’ssalescountsforal hom etypeswerealso lowercom pared to lastyear’scounts:by21% fordetached hom es,by31% fortownhom es,and by12% forcondos.
GREATERVICTORIA THERENNIEADVANCE sales
OCTOBER 2023
800
- 21% vsOct2022
700
600
500
400
334 10 yrOctAvg
300
200
DETACHED sales
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 174
- 48% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
- 31% vsOct2022
200
150
100 10 yrOctAvg
100
TOWNHOME sales
50
52
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- 48% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
- 12% vsOct2022
100 150 200 250 300 350 400
192 10 yrOctAvg
CONDO sales
137
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50
- 29% vs10yrOctAvg
﹍ 10 yrO ctoberAverage
● October
Copyright© Novem ber2,2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber2,2023.Aldatafrom theVictoria RealEstateBoard & Rennie.W hiletheinform ationand datacontained hereinhasbe nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.ren iegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ation shouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom aren ieand as ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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