saanich west DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 3.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 7% VS 2023
▲ 9% VS 2023
▲ 82% VS 2023
▼ 4% VS 2023
There were 63 detached listings in Saanich West in October, 14% below September and 9% higher than October 2023. October detached home sales decreased by 31% month-over-month, to 20, and were 82% above October 2023. The months of inventory for detached in Saanich West, at 3.2, reflected a sellers' market. The detached median price in October was $1,093,588, a 9% increase from September and 7% above October 2023. The average sold price was $1,111,873, 4% below last month and down 4% 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
20 63
11 58
-4% 7% -40% 82% 9%
29 73
-4% 9% 25% -31% -14%
$1,111,873 $1,093,588 3.2
$1,163,234 $1,000,000 2.5
$1,163,182 $1,020,000 5.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
28
73
27
79
77
76
75
74
63
58
50
50
43
51
42
30
29
17
34
32
26
20
13
13
19
17
11
15
8
$1.12M $1.10M $1.12M
$1.09M
$1.06M $1.05M $1.04M
$1.02M $1.06M
$1.01M $1.06M $1.00M
$850K
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
7.0
12
10
4.0
8
2.8
6
4
1.4
0.7
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
3 2 0.7
4 11 2.8
11 15 1.4
0 11 n/a
1 4 4.0
1 7 7.0
0 7 n/a
0 5 n/a
0 1 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. 35 ●
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