victoria real estate board TOWNHOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 3.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2023
▲ 3% VS 2023
▲ 20% VS 2023
▲ 93% VS 2023
There were 252 townhome listings in the Victoria Real Estate Board in October, 5% below September and 20% higher than October 2023. October townhome sales increased by 32% month-over-month, to 83, and were 93% above October 2023. The months of inventory for townhomes in the Victoria Real Estate Board, at 3.0, reflected a sellers' market. The townhome median price in October was $775,000, a 0.6% increase from September and 3% above October 2023. The average sold price was $826,354, 0.9% above last month; the average PSF sale price was $551, down 0.1% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$551 $826,354 $775,000 3.0 83 252
$511 $803,567 $749,900 4.9 43 210
8% 3% 3% -38% 93% 20%
$551 $818,790 $770,000 4.2 63 264
-0.1% 0.9% 0.6% -28% 32% -5%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
264
36
252
264
261
221
242
241
203
228
210
31
199
176
163
94
22
78
76
72
83
52
85
77
75
63
43
37
35
$845K
$805K
$790K
$790K
$794K
$770K
$770K
$775K
$767K
$750K
$750K
$720K
$694K
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.
60
15
14.0
4+ bdrms
50
31
40
41
3 bdrms
134
30
5.3
20
4.3
27
3.5
2 bdrms
2.9
2.8
83
2.0
10
1.3
0
<2 bdrms
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES 4 17 4.3 21 41 2.0 21 58 2.8 15 43 2.9 7 37 5.3 11 38 3.5 3 4 1.3 1 14 14.0
4
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. 6 ●
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