victoria core CONDO - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 4.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 12% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 13% VS 2023
▲ 14% VS 2023
▼ 6% VS 2023
▼ 6% VS 2023
There were 560 condo listings in the Victoria Core in October, 1.1% above September and 13% higher than October 2023. October condo sales decreased by 1.6% month-over-month, to 122, and were 14% above October 2023. The months of inventory for condos in the Victoria Core, at 4.6, reflected a sellers' market. The condo median price in October was $514,450, a 6% decrease from September and 6% below October 2023. The average sold price was $610,495, 2% below last month; the average PSF sale price was $658, down 4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 107 496
% Change
No. 124 554
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
122 560
-12% -6% -6% -1% 14% 13%
-4% -2% -6% 3% -1.6% 1.1%
$658 $610,495 $514,450 4.6
$744 $647,194 $549,000 4.6
$686 $624,754 $549,950 4.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
600
574
37
554
540
525
560
580
496
514
31
469
29
414
410
409
183
149
133
122
107
138
134
125
124
112
88
86
73
$572K
$558K
$557K
$549K
$550K
$550K
$543K
$541K
$538K
$520K
$525K
$514K
$500K
Oct-23
Sep-24
Oct-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.
250
15.0
4+ bdrms
200
150
7
3 bdrms
19
7.3
7.0
100
4.7
4.3
4.3
68
2 bdrms
50
2.9
334
0
47
<$200K $200-$399K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 0 4 n/a 19 55 2.9 56 242 4.3 30 129 4.3 8 58 7.3 3 14 4.7 2 30 15.0 4 28 7.0
<2 bdrms
207
Copyright © 2024 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 November 12, 2024. 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. 10 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online