westshore DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 5.1 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 12% VS 2023
▲ 9% VS 2023
▲ 23% VS 2023
▼ 8% VS 2023
There were 268 detached listings in the Westshore in December, 25% below November and 8% lower than December 2023. December detached home sales decreased by 31% month-over-month, to 53, and were 23% above December 2023. The months of inventory for detached in the Westshore, at 5.1, reflected a balanced market. The detached median price in December was $1,070,000, a 3% increase from November and 9% above December 2023. The average sold price was $1,178,648, 8% above last month and up 12% to December 2023.
THIS MONTH No. $1,178,648 $1,070,000 5.1 53 268
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,053,124 $980,000 6.8 43 291
12% 9% -25% 23% -8%
$1,090,734 $1,043,500 4.7 77 359
-31% -25%
8% 3% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
514
495
59
446
427
483
465
464
359
320
47
46
346
291
288
268
111
91
87
85
77
56
90
87
84
53
43
70
61
$1.10M $1.03M $1.06M $1.08M $1.08M
$1.02M $1.06M
$1.02M $1.06M $1.04M $1.07M
$990K
$980K
Dec-23
Nov-24
Dec-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
60
14.0
50
40
10.0
10.0
30
5.7
5.6
20
4.5
3.5
3.1
10
2.0
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
1 2 2.0
6 21 3.5
13 58 4.5
15 47 3.1
10 56 5.6
2 20 10.0
3 17 5.7
2 20 10.0
1 14 14.0
0 13 n/a
Copyright © 2025 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 13, 2025. 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. 11 ●
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