sooke DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 13.1 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 2.0% VS 2023
▲ 1.5% VS 2023
▲ 19% VS 2023
▼ 38% VS 2023
There were 105 detached listings in Sooke in December, 24% below November and 19% higher than December 2023. December detached home sales decreased by 62% month-over-month, to 8, and were 38% below December 2023. The months of inventory for detached in Sooke, at 13.1, reflected a buyers' market. The detached median price in December was $862,500, a 0.4% increase from November and 1.5% above December 2023. The average sold price was $871,250, 10% below last month and up 2% 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
$871,250 $862,500 13.1 8 105
13 88
2% 1.5% 94% -38% 19%
$966,690 $859,000 6.6 21 138
-10% 0.4% 100% -62% -24%
$854,380 $850,000 6.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
68
195
195
169
193
169
192
60
146
138
53
106
119
105
88
86
32
26
27
21
20
19
15
15
16
12
13
19
8
$946K
$933K
$940K
$923K
$892K
$881K
$863K
$850K
$859K
$830K
$815K
$800K
$790K
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
35
30
20.0
25
20
15
7.0
6.6
10
5
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
2 14 7.0
5 33 6.6
1 20 20.0
0 14 n/a
0 4 n/a
0 4 n/a
0 6 n/a
0 4 n/a
0 4 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. 41 ●
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