north saanich DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 12.3 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2023
▲ 20% VS 2023
▼ 6% VS 2023
▼ 20% VS 2023
There were 49 detached listings in North Saanich in December, 17% below November and 20% higher than December 2023. December detached home sales decreased by 78% month-over-month, to 4, and were 20% below December 2023. The months of inventory for detached in North Saanich, at 12.3, reflected a buyers' market. The detached median price in December was $2,040,000, a 38% increase from November and 13% above December 2023. The average sold price was $1,920,000, 26% above last month and down 6% to December 2023.
THIS MONTH No. $1,920,000 $2,040,000 12.3 4 49
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,036,000 $1,800,000 8.2 5 41
-6% 13% 49% -20% 20%
18 59
26% 38% 274% -78% -17%
$1,519,264 $1,482,500 3.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
72
76
84
76
65
74
73
59
67
67
46
49
41
43
21
18
12
12
10
7
16
4
13
13
5
34
9
4
32
$2.04M
$1.80M
$1.69M
$1.65M
$1.52M $1.60M
$1.49M $1.37M
$1.48M
$1.47M
$1.46M $1.41M
$1.23M
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
12
8.0
10
6.0
8
6
4
2.0
2
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 2 n/a
0 3 n/a
1 6 6.0
0 9 n/a
1 8 8.0
2 4 2.0
0 5 n/a
0 12 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. 29 ●
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