central saanich DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2023
▼ 5% VS 2023
0.0% VS 2023
0.0% VS 2023
There were 25 detached listings in Central Saanich in December, 42% below November and no change to December 2023. December detached home sales decreased by 23% month-over-month, to 10, and were the same in December 2023. The months of inventory for detached in Central Saanich, at 2.5, reflected a sellers' market. The detached median price in December was $1,172,500, a 0.6% increase from November and 4% above December 2023. The average sold price was $1,294,761, 11% below last month and down 5% to December 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change -11% 0.6% -24% -23% -42%
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
10 25
10 25
-5% 4% 0% 0% 0%
13 43
$1,294,761 $1,172,500 2.5
$1,457,931 $1,165,000 3.3
$1,368,050 $1,130,000 2.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
72
59
65
56
63
58
51
43
30
38
33
25
18
42
25
13
12
19
11
8
10
6
6
10
13
13
11
9
29
$1.38M
$1.33M
$1.27M
$1.16M $1.16M $1.22M
$1.17M $1.17M
$1.13M $1.16M $1.18M $1.09M $1.17M
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
6
5.0
5
4
3
2
1.0
0.7
0.6
1
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 1 1.0
0 2 n/a
0 1 n/a
5 3 0.6
3 2 0.7
0 1 n/a
0 1 n/a
0 3 n/a
1 5 5.0
0 6 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. 19 ●
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