saanich east TOWNHOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 3.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 18% VS 2023
▲ 36% VS 2023
▲ 130% VS 2023
▲ 40% VS 2023
There were 23 townhome listings in Saanich East in December, 18% below November and 130% higher than December 2023. December townhome sales decreased by 30% month-over-month, to 7, and were 40% above December 2023. The months of inventory for townhomes in Saanich East, at 3.3, reflected a sellers' market. The townhome median price in December was $930,000, a 0.9% increase from November and 36% above December 2023. The average sold price was $918,286, 5% above last month; the average PSF sale price was $484, down 11% 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
$484 $918,286 $930,000 3.3 7 23
$481 $775,600 $682,500 2.0 5 10
0.8% 18% 36% 64% 40% 130%
10 28
-11% 5% 0.9% 17% -30% -18%
$545 $875,100 $921,500 2.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
63
60
29
26
25
28
19
23
23
20
15
14
14
13
11
10
13
10
11
9
7
8
5
2
5
5
4
23
$1.11M
$1.05M
$1.03M
$970K
$940K
$933K
$930K
$913K
$922K
$908K
$842K
$779K
$683K
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.
8
2 2
4.0
4+ bdrms
6
5
3 bdrms
21
4
1.0
1.0
0.5
2 bdrms
2
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES
0 3 n/a
1 1 1.0
2 1 0.5
2 2 1.0
2 8 4.0
0 2 n/a
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. 33 ●
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