victoria core DETACHED - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 2.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 94% VS 2023
▼ 3% VS 2023
▼ 8% VS 2023
- VS 2023
There were 406 detached listings in the Victoria Core in October, 14% below September and 8% lower than October 2023. October detached home sales increased by 13% month-over-month, to 140, and were 94% above October 2023. The months of inventory for detached in the Victoria Core, at 2.9, reflected a sellers' market. The detached median price in October was $1,200,000, a 1.8% decrease from September and no change to October 2023. The average sold price was $1,375,363, 3% above last month and down 3% 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
140 406
$1,416,223 $1,200,000 6.1 72 442
-3% 0% -53% 94% -8%
124 472
3% -1.8% -24% 13% -14%
$1,375,363 $1,200,000 2.9
$1,337,639 $1,222,500 3.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
29
472
28
517
514
513
442
397
448
406
437
23
316
362
268
260
185
167
140
124
140
153
86
129
72
105
97
77
66
$1.34M $1.32M
$1.27M $1.27M $1.26M $1.22M $1.20M
$1.20M $1.20M $1.20M $1.15M $1.20M $1.21M
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
80
14.0
60
40
6.7
5.6
4.5
4.0
20
3.3
1.5
1.4
0.3
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
9 3 0.3
27 38 1.4
43 65 1.5
24 79 3.3
11 50 4.5
10 40 4.0
7 47 6.7
5 28 5.6
4 56 14.0
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. 8 ●
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