westshore CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 4.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 71% VS 2023
▲ 45% VS 2023
▼ 0.9% VS 2023
▼ 6% VS 2023
There were 142 condo listings in the Westshore in December, 20% below November and 71% higher than December 2023. December condo sales decreased by 34% month-over-month, to 29, and were 45% above December 2023. The months of inventory for condos in the Westshore, at 4.9, reflected a sellers' market. The condo median price in December was $534,900, a 0.9% decrease from November and 6% below December 2023. The average sold price was $539,828, 3% below last month; the average PSF sale price was $636, up 3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$636 $539,828 $534,900 4.9 29 142
20 83
18% 45% 71%
$616 $559,256 $540,000 4.0 44 178
3% -3% -0.9% 21% -34% -20%
$622 $544,925 $566,500 4.2
2% -0.9% -6%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
213
201
38
37
179
205
178
34
184
181
148
121
145
142
83
90
54
50
44
44
35
43
44
29
40
40
20
33
20
$567K
$545K
$547K
$540K
$533K
$531K
$535K
$530K
$535K
$516K
$511K
$509K
$500K
Dec-23
Nov-24
Dec-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.
80
7.2
4+ bdrms
60
3 bdrms
40
3
3.3
3.0
21
20
2 bdrms
106
0
8
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 6 n/a 1 3 3.0 23 77 3.3 5 36 7.2 0 15 n/a 0 1 n/a 0 2 n/a 0 2 n/a
<2 bdrms
33
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. 13 ●
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