saanich west DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 26% VS 2023
▲ 22% VS 2023
▲ 75% VS 2023
▼ 12% VS 2023
There were 30 detached listings in Saanich West in December, 40% below November and 12% lower than December 2023. December detached home sales decreased by 30% month-over-month, to 14, and were 75% above December 2023. The months of inventory for detached in Saanich West, at 2.1, reflected a sellers' market. The detached median price in December was $1,035,500, a 2% decrease from November and 22% above December 2023. The average sold price was $1,281,441, 8% above last month and up 26% to December 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
14 30
$1,013,750 $850,000 4.3 8 34
26% 22% -50% 75% -12%
20 50
-14% -30% -40%
$1,281,441 $1,035,500 2.1
$1,181,712 $1,057,500 2.5
8% -2%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
44
73
79
77
76
75
74
63
50
50
43
51
31
42
30
34
29
32
26
20
30
26
13
20
19
14
17
15
8
$1.12M $1.10M $1.12M
$1.09M $1.06M $1.04M
$1.06M $1.05M $1.04M
$1.01M $1.06M $1.00M
$850K
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
8
8.0
6
4
2.5
2.0
1.8
2
0.6
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 0 n/a
5 3 0.6
4 7 1.8
1 8 8.0
2 5 2.5
0 4 n/a
1 2 2.0
0 1 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. 35 ●
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