victoria west CONDO - JUNE 2 0 2 4
MONTHS OF INVENTORY 3.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 74% VS 2023
▲ 6% VS 2023
▼ 14% VS 2023
▼ 14% VS 2023
There were 54 condo listings in Victoria West in June, 13% below May and 74% higher than June 2023.
June condo sales increased by 21% month-over-month, to 17, and were 6% above June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for condos in Victoria West, at 3.2, re'ected a sellers' market.
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17 54
16 31
3% -14% -14% 64% 6% 74%
14 62
-4% -0.8% -3% -28% 21% -13%
The condo median price in June was $680,000, a 3% decrease from May and 14% below June 2023. The average sold price was $711,141, 0.8% below last month; the average PSF sale price was $804, down 4% to last month.
$804 $711,141 $680,000 3.2
$782 $825,275 $794,700 1.9
$837 $716,914 $700,000 4.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
62
30
56
53
54
49
43
40
22
35
31
34
33
20
29
28
17
15
17
16
12
18
14
13
11
10
10
8
6
$894K
$835K
$795K
$780K
$723K
$718K
$693K
$700K
$690K
$680K
$670K
$667K
$608K
Jun-23
May-24
Jun-24
▶ 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.
4.3
15
4+ bdrms
4.0
10
3 bdrms
1
1.9
1.8
5
8
2 bdrms
29
0
9
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 1 n/a 7 13 1.9 4 17 4.3 5 9 1.8 1 4 4.0 0 7 n/a 0 3 n/a
<2 bdrms
24
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. 46 ●
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