victoria real estate board DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 4.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 2% VS 2023
▲ 3% VS 2023
▲ 6% VS 2023
▲ 69% VS 2023
There were 1,260 detached listings in the Victoria Real Estate Board in October, 12% below September and 6% higher than October 2023. October detached home sales increased by 16% month-over-month, to 311, and were 69% above October 2023. The months of inventory for detached in the Victoria Real Estate Board, at 4.1, reflected a sellers' market. The detached median price in October was $1,143,000, a 3% increase from September and 3% above October 2023. The average sold price was $1,273,160, 3% above last month and up 2% to October 2023.
THIS MONTH No. $1,273,160 $1,143,000 4.1 311 1,260
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,245,325 $1,115,000 6.4 184 1,186
2% 3% -37% 69% 6%
$1,231,175 $1,110,000 5.3 269 1,432
3% 3% -24% 16% -12%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,496
1,432
37
1,402
35
1,452
1,222
1,375
1,260
1,186
1,073
29
1,006
876
797
776
381
294
281
311
185
332
137
318
184
269
244
213
162
$1.23M $1.17M
$1.20M $1.17M $1.15M
$1.15M $1.15M
$1.12M $1.15M
$1.11M $1.14M
$1.08M $1.06M
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
250
17.9
200
150
9.6
100
8.3
6.5
5.7
4.4
50
2.8
2.4
2.3
1.7
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
6 10 1.7
36 82 2.3
72 174 2.4
78 217 2.8
52 229 4.4
23 131 5.7
17 111 6.5
11 106 9.6
9 75 8.3
7 125 17.9
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. 5 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online