sooke DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 10.1 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 81% VS 2023
▼ 2% VS 2023
▼ 9% VS 2023
▼ 14% VS 2023
There were 192 detached listings in Sooke in June, 14% above May and 81% higher than June 2023.
June detached home sales decreased by 41% month-over-month, to 19, and were 14% below June 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for detached in Sooke, at 10.1, re&ected a buyers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$923,600 $830,000 10.1 19 192
$945,641 $907,500 4.8 22 106
110% -14% 81%
$948,811 $945,500 5.3 32 169
-3% -12% 91% -41% 14%
The detached median price in June was $830,000, a 12% decrease from May and 9% below June 2023.
The average sold price was $923,600, 3% below last month and down 2% to June 2023.
-2% -9%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
37
192
169
35
146
134
125
124
109
106
106
119
109
25
88
86
32
26
19
17
16
16
15
15
13
13
12
22
19
$946K
$933K
$940K
$907K
$893K
$892K
$881K
$849K
$850K
$830K
$825K
$824K
$800K
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
60
50
21.0
40
15.0
30
20
7.9
6.8
4.2
10
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 7 n/a
6 25 4.2
7 55 7.9
4 27 6.8
1 21 21.0
1 15 15.0
0 13 n/a
0 11 n/a
0 8 n/a
0 10 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. 41 ●
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