North Saanich Real Estate Market Stats: November 2023 Update

If you're considering buying or selling a single-family home in North Saanich, BC, you've come to the right place for the latest real estate market insights. In this November 2023 update, we'll delve into the most recent data from the national MLS to help you make informed decisions about this beautiful community on Vancouver Island.

Number of Active Listings

As of November 2023, North Saanich boasts 52 active single-family home listings. This represents a slight decrease from the previous month, where there were 63 active listings, but a notable increase from November 2022, when there were only 40. The decrease from October to November is typical as the market starts to cool down with the approach of winter, but the overall trend over the past year shows a growing interest in North Saanich real estate.

Number of Sales

In November 2023, 12 single-family homes were sold in North Saanich, demonstrating a strong market. Although this is a slight increase from the 7 sales in October 2023, it's important to note that November 2022 saw 13 sales. The stability of the sales volume indicates a healthy real estate market, with buyers still eager to invest in this charming community.

Median Sale Price

The median sale price for single-family homes in North Saanich in November 2023 stands at $1,382,500. While this represents a decrease from the October 2023 median sale price of $1,475,000, it's important to remember that real estate prices can fluctuate from month to month. Compared to November 2022, when the median sale price was $1,493,000, there has been a slight decrease. However, North Saanich continues to offer high-value properties at attractive price points.

Average Days on Market

In November 2023, the average days on market for single-family homes in North Saanich was 23 days. This is a slight improvement from October 2023 when it was 25 days. The relatively low average days on market suggests that the North Saanich real estate market remains active, with homes selling at a reasonable pace. Buyers and sellers can still expect efficient transactions in this beautiful community on Vancouver Island.

Conclusion

In conclusion, North Saanich, BC, remains an attractive destination for those seeking single-family homes on Vancouver Island. The market is healthy, with a good balance of supply and demand. While there have been slight fluctuations in median sale prices and the number of active listings, the overall trend indicates stability. 

If you're thinking about buying or selling a home in North Saanich, now is a great time to explore your options and take advantage of the opportunities this charming community has to offer. Please don't hesitate to reach out to our experienced real estate agents for personalized guidance and support in navigating this dynamic market.

Data sourced from National MLS as of December 2023. All information is believed to be accurate but is not guaranteed and should be independently verified.

Post a Comment