victoria core TOWNHOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 9% VS 2023
▲ 11% VS 2023
▲ 22% VS 2023
▲ 10% VS 2023
There were 66 townhome listings in the Victoria Core in March, 8% above February and 22% higher than March 2023. March townhome sales decreased by 20% month-over-month, to 32, and were 10% above March 2023. The months of inventory for townhomes in the Victoria Core, at 2.1, reflected a sellers' market. The townhome median price in March was $869,000, a 1.4% decrease from February and 11% above March 2023. The average sold price was $883,225, 3% below last month; the average PSF sale price was $559, down 1.5% 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
32 66
29 54
11% 11% 10% 22%
40 61
-1.5% -3% -1.4% 35% -20% 8%
$559 $883,225 $869,000 2.1
$519 $810,661 $785,000 1.9
$567 $909,635 $881,000 1.5
8% 9%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
72
71
20
67
75
19
73
62
61
61
66
17
54
37 56
53
52
40
43
42
31
29
32
29
31
26
21
20
14
$890K
$881K
$869K
$853K
$848K
$838K
$840K
$840K
$820K
$800K
$790K
$785K
$700K
Mar-23
Feb-24
Mar-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.
3
15
4.7
4+ bdrms
9
10
19
3 bdrms
35
2.0
2.0
1.5
1.2
1.1
5
10
2 bdrms
21
0
<$600K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M-1.24M $1.25M-1.49M $1.5M + MOI INVENTORY SALES
<2 bdrms
0 2 n/a
5 6 1.2
6 12 2.0
8 9 1.1
8 16 2.0
3 14 4.7
2 3 1.5
0 4 n/a
1
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 April 8, 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. 9 ●
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