victoria real estate board DETACHED - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 3.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2023
▲ 34% VS 2023
▼ 3% VS 2023
▼ 13% VS 2023
There were 690 detached listings in the Victoria Real Estate Board in December, 31% below November and 13% lower than December 2023. December detached home sales decreased by 26% month-over-month, to 184, and were 34% above December 2023. The months of inventory for detached in the Victoria Real Estate Board, at 3.8, reflected a sellers' market. The detached median price in December was $1,105,000, a 4% decrease from November and 3% above December 2023. The average sold price was $1,279,083, 0.9% above last month and down 3% to December 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 137 797
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
184 690
-3% 3% -36% 34% -13%
$1,268,017 $1,150,000 4.1 247 1,003
0.9% -4% -8% -26% -31%
$1,279,083 $1,105,000 3.8
$1,316,662 $1,075,000 5.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,495
1,433
47
1,402
1,452
1,260
1,222
1,375
42
40
1,003
876
1,006
797
776
690
381
311
294
281
332
318
184
269
244
247
137
213
162
$1.23M $1.17M $1.20M
$1.17M $1.15M $1.11M $1.14M $1.15M $1.11M
$1.15M $1.15M
$1.08M $1.06M
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
120
24+
100
80
60
8.9
40
6.3
6.2
4.9
4.3
20
2.3
2.2
2.0
1.6
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
5 8 1.6
17 34 2.0
44 101 2.3
49 110 2.2
29 126 4.3
8 71 8.9
12 59 4.9
10 62 6.2
7 44 6.3
3 75 25.0
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. 5 ●
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