central saanich DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 5.0 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▲ 0.4% VS 2023
▲ 71% VS 2023
▲ 8% VS 2023
There were 65 detached listings in Central Saanich in June, 27% above May and 71% higher than June 2023.
June detached home sales increased by 18% month-over-month, to 13, and were 8% above June 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Central Saanich, at 5.0, re'ected a balanced market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
13 65
12 38
4% 0.4% 58% 8% 71%
11 51
18% 27%
The detached median price in June was $1,275,000, a 7% decrease from May and 0.4% above June 2023.
$1,358,300 $1,275,000 5.0
$1,382,964 $1,375,000 4.6
-1.8% -7% 8%
$1,308,500 $1,270,000 3.2
The average sold price was $1,358,300, 1.8% below last month and up 4% to June 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
16
65
50
49
46
51
41
12
42
30
38
38
11
33
25
14
12
19
11
10
13
12
8
6
6
13
11
9
8
$1.38M
$1.27M $1.24M
$1.27M
$1.17M $1.20M $1.22M $1.25M
$1.13M $1.16M $1.18M $1.09M $1.17M
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
5.0
15
3.7
3.3
10
1.7
5
0.3
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 1 n/a
0 3 n/a
3 5 1.7
3 11 3.7
3 10 3.3
3 1 0.3
0 3 n/a
0 8 n/a
1 5 5.0
0 18 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 July 8, 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. 19 ●
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