central saanich DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 4.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 17% VS 2023
▲ 9% VS 2023
▲ 22% VS 2023
0.0% VS 2023
There were 56 detached listings in Central Saanich in October, 5% below September and 22% higher than October 2023. October detached home sales increased by 33% month-over-month, to 12, and were the same in October 2023. The months of inventory for detached in Central Saanich, at 4.7, reflected a sellers' market. The detached median price in October was $1,332,950, a 9% increase from September and 9% above October 2023. The average sold price was $1,521,533, 23% above last month and up 17% to October 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
12 56
12 46
17% 9% 22% 0% 22%
$1,240,433 $1,219,000 6.6 9 59
23% 9% -29% 33% -5%
$1,521,533 $1,332,950 4.7
$1,299,708 $1,221,000 3.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
59
65
63
56
58
51
46
41
30
38
33
22
18
25
19
11
10
12
8
12
6
6
13
13
11
9
9
14
$1.38M
$1.33M
$1.27M
$1.22M $1.25M
$1.16M $1.16M $1.22M
$1.13M $1.16M $1.18M $1.09M $1.17M
Oct-23
Sep-24
Oct-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
16
14
5.0
4.5
12
4.0
3.7
10
8
6
4
0.5
0.5
2
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
0 1 n/a
2 1 0.5
3 11 3.7
2 9 4.5
2 1 0.5
0 3 n/a
2 8 4.0
1 5 5.0
0 15 n/a
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. 19 ●
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