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VICTORIA REAL ESTATE BOARD
3035 Nanaimo Street
Victoria, BC
V8T 4W2
T 250.385.7766
F 250.385.8773
www.vreb.org
www.openhousesvictoria.ca
March 1, 2021
Victoria Real Estate Market demand surges against limited supply
A total of 863 properties sold in the Victoria Real Estate Board region this February, 53.3 per cent more than the
563 properties sold in February 2020 and 33.6 per cent more than the previous month of January. Sales of
condominiums were up 65.7 per cent from February 2020 with 290 units sold. Sales of single family homes were
up 43.9 per cent from February 2020 with 390 sold.
“Our early spring market is in full swing carrying on from a fast start in January,” said Victoria Real Estate Board
President David Langlois. “Our market remains one with tightly constrained inventory and high demand. The
good news is that we have seen some stabilization in listings and condo pricing between January and February,
but we continue to see huge pressure on single family homes – new listings are snapped up as soon as they are
listed. As a result, the pressure on single family homes continues to ramp up. There is significant competition for
desirable homes – and in our marketplace most homes are desirable – and people competing for properties
pushes prices up.”
There were 1,318 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
February 2021, 38 per cent fewer properties than the total available at the end of February 2020 and three
properties fewer than the 1,321 active listings for sale at the end of January 2020.
“The theme for 2021 is going to be inventory - where does it come from and how much new supply can be
approved - so that this situation does not persist,” adds Langlois. “We’ve seen the government attempt to
influence the housing market in hopes of dampening the demand for home ownership. The foreign buyer tax has
changed nothing – our market continues to zoom forward with almost no foreign buyers. The government
adjusted mortgage qualification rules, those are absorbed by the market and buyers adjust. Demand-
suppression measures have not worked and their failure to moderate housing prices in our community has only
exacerbated the pressure on the supply that was constrained ten years ago but is now at historically low levels.
If you are concerned about housing prices and availability of housing in general in our community, please
support development in your municipality. Be vocal with your local council or neighbourhood association – these
stakeholders hold the power in these negotiations - and help to make space in your community. Gentle density
and the building of new homes are the only pathway to moderate housing prices in our area.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
February 2020 was $870,300. The benchmark value for the same home in February 2021 increased by 9 per
cent to $948,200, a 1.7 per cent increase from the previous month of January. The MLS® HPI benchmark value
for a condominium in the Victoria Core in February 2020 was $525,600, while the benchmark for the same
condominium in February 2021 remained close to last year’s value at $525,400, a 0.38 per cent decrease.
About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of
standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board
represents 1,409 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for
detailed information on the Victoria and area housing market.
PRESIDENT
David Langlois
PRESIDENT ELECT
Karen Dinnie-Smyth
TREASURER
Patrick Novotny
PAST PRESIDENT
Sandi-Jo Ayers
DIRECTORS
Sheila Aujla
Robert Cole
Laurie Lidstone
Jackie Ngai
Graden Sol
EXECUTIVE OFFICER
David Corey
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$
Average$
LY%
LM% LY%
LM% LY%
LM% Units Median$
Average$ Units Median$
Average$
February 2021
373
290
102
18
800
390
863
17
1,318
283
216
65
9
587
297
646
14
1,321
252
175
78
8
532
271
563
19
2,127
$1,160,541
$542,564
$682,071
$346,211
$1,160,938
$1,169,647
$978,000
$454,900
$630,000
$192,500
$955,000
$898,000
$1,220,626
$490,511
$647,345
$330,500
$1,204,817
$885,249
$975,000
$440,000
$610,000
$221,000
$970,000
$693,255
$899,443
$496,077
$587,288
$185,438
$888,190
$738,942
$799,500
$440,000
$550,900
$185,750
$795,000
$660,000
31.8%
34.3%
56.9%
100.0%
36.3%
31.3%
33.6%
21.4%
-0.2%
48.0%
65.7%
30.8%
125.0%
50.4%
43.9%
53.3%
-10.5%
-38.0%
-4.9%
10.6%
5.4%
4.8%
-3.6%
32.1%
29.0%
9.4%
16.1%
86.7%
30.7%
58.3%
0.3%
3.4%
3.3%
-12.9%
-1.5%
29.5%
22.3%
3.4%
14.4%
3.6%
20.1%
36.1%
January 2021 February 2020
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Total Residential: includes sales of residential property types
Total Sales: includes sales of all property types
Active Listings: total listings of all types on the market at midnight on the last day of the month
This Month Last Month
Produced: 01-Mar-2021
February 2021
Previous Periods Comparison
This Month Last Year
Page 1 of 1
Victoria Real Estate Board Multiple Listing Service ®
February 2021
Statistics Package for Media
Victoria Real Estate Board February 2021 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values
The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Mar-2021
Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of
the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and demand
respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is
downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.
	 - below 10%, there is downward pressure on prices (buyers' market)
	 - above 25%, there is upward pressure on prices (sellers' market)
	 - in the 15-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board February 2021 Statistics
Total new MLS® listings and total MLS® sales for entire district
The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
Victoria Real Estate Board February 2021 Statistics
12	Months	Ago
%	Difference	from	12	Months	Ago	(February	2020	to	February	2021)
Select	Timeframe:
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Single	Family-All	(SF-All)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–
SF-All
Core	–	SF-All
Westshore	–	SF-All
Peninsula	–	SF-All
Gulf	Islands	–	SF-All
Malahat	&	Area	–
SF-All
10.8%
10.1%
15.3%
18.8%
9.0%
4.8%
MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board February 2021 Statistics
12	Months	Ago
%	Difference	from	12	Months	Ago	(February	2020	to	February	2021)
Select	Timeframe:
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Condo	Apartment	(Con)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Con
Core	–	Con
Westshore	–	Con
Peninsula	–	Con
-0.2%
-1.3%
0.1%
2.3%
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
February	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	SF-All
Victoria	–	SF-All
Victoria	West	–	SF-All
Oak	Bay	–	SF-All
Esquimalt	–	SF-All
View	Royal	–	SF-All
Saanich	East	–	SF-All
Saanich	West	–	SF-All
Sooke	–	SF-All
Langford	–	SF-All
Metchosin	–	SF-All
Colwood	–	SF-All
Highlands	–	SF-All
North	Saanich	–	SF-All
Sidney	–	SF-All
Central	Saanich	–	SF-All
ML	Malahat	&	Area	–
SF-All
GI	Gulf	Islands	–	SF-All
$997,500
$986,300 $984,100
$983,400
$970,500
$967,700
$941,700
$940,000 $927,300
$923,100
$922,200
$918,500 $905,800
$905,700
$904,200 $899,500
$892,500
$884,900
$881,500
$877,400
$870,300
$858,700
$853,600
$851,200
$847,800
$847,600
$840,100
$839,800
$839,100
$829,500
$828,400
$826,200
$825,200
$824,300
$823,300
$821,000
$816,100
$813,700
$808,400
$795,500
$790,300
$785,000
$779,600
$778,100
$768,400
$768,000
$767,900
$763,600
$762,900
$759,300
$750,500
$747,400
$746,800 $745,100
$738,300
$737,400
$736,800
$733,800
$732,300
$730,800 $728,700
$724,500
$723,200
$720,700
$720,000
$715,400
$711,500
$706,400
$698,500
$694,000
$693,900
$689,200
$678,200
$676,000
$672,900
$668,100
$663,200
$662,200
$661,000
$657,300
$648,200
$645,400
$640,800
$638,000
$636,500
$635,500
$624,600
$624,400
$622,900
$616,000
$610,200
$598,900
$569,300
$567,900
$563,700
$557,700
$552,000
$551,100
$550,600 $548,600 $541,600 $536,900
$535,000
$525,200
$524,700
$499,200
$495,800
$490,000
$487,300
$470,900
$470,700
$455,400
$453,700
$437,700
$430,500
$428,900
$394,500
$370,800
$361,000
$357,100
$357,000
$349,200
$341,000
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,311,400 $1,262,300 $1,241,300 $1,224,200
$1,213,200 $1,211,500
$1,077,400 $1,077,000 $1,045,800
$1,029,400
$1,023,700 $1,022,300
Benchmark	Price	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Single	Family-All	(SF-All)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
February	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	SF-All
Victoria	–	SF-All
Victoria	West	–	SF-All
Oak	Bay	–	SF-All
Esquimalt	–	SF-All
View	Royal	–	SF-All
Saanich	East	–	SF-All
Saanich	West	–	SF-All
Sooke	–	SF-All
Langford	–	SF-All
Metchosin	–	SF-All
Colwood	–	SF-All
Highlands	–	SF-All
North	Saanich	–	SF-All
Sidney	–	SF-All
Central	Saanich	–	SF-All
ML	Malahat	&	Area	–
SF-All
GI	Gulf	Islands	–	SF-All
274.3 270.2
268.7 263.0
258.3
252.0
251.5 250.5
250.0
247.8
247.7
246.5
246.0
245.1
244.3
244.2
242.7
241.8
241.6
239.8
239.4
238.7
238.4
238.0
237.6
237.6
237.3
237.2
236.6
236.3
235.6
235.3
235.2
235.2
235.1
234.7
234.1
232.3
231.0
230.2
230.2
229.4
229.2
228.7
228.6
228.5
228.3
228.0
227.9
227.9
227.1
226.3
226.0
225.3
225.0
224.9
224.8
224.5
224.5
224.3
224.0
222.8
222.8
222.4
222.3
221.8
221.2
221.1 221.0
220.2
219.8 219.5
218.3
217.7
217.3
216.6
216.1
216.1
215.1
214.9
214.6
214.3
213.7
212.5
210.9
207.2
206.8
206.0
205.1
204.5
202.3
201.8
201.6
200.0
198.9
196.2 193.7
192.9 190.3
188.9 188.2
188.1
187.1
185.8
185.8 184.2 180.2
168.1
168.0
165.7
162.2
161.0
159.7
157.9
157.8
156.2
155.3
151.9
148.1
147.7
147.3
147.3
146.0
140.1
136.2
117.0 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Single	Family-All	(SF-All)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
February	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Con
Victoria	–	Con
Victoria	West	–	Con
Oak	Bay	–	Con
Esquimalt	–	Con
View	Royal	–	Con
Saanich	East	–	Con
Saanich	West	–	Con
Langford	–	Con
Colwood	–	Con
Sidney	–	Con
Central	Saanich	–	Con
$844,200 $833,300 $820,800
$813,700 $783,900
$780,500
$615,600
$614,100
$611,900
$611,400 $601,700
$570,500
$543,900
$538,200 $530,800 $528,700 $519,700
$514,700 $514,300
$509,000 $508,400 $504,900
$503,800
$488,900
$488,200 $486,000
$482,300 $481,500
$476,900
$476,700 $474,800
$474,000
$472,400
$472,100
$470,000
$467,100
$466,100
$465,800
$464,700
$462,500
$459,100 $458,600
$456,500 $455,000
$453,700
$453,600
$452,700
$452,600
$437,400
$436,400
$435,900
$434,700
$432,100
$429,500
$429,500
$429,000
$427,300
$426,600
$424,700 $424,200
$422,700
$421,700 $415,000
$405,800
$401,200
$398,800
$397,900
$387,900 $384,900
$378,600
$378,500
$369,000
$356,400
$352,700
$348,900
$338,800
$323,400
$310,400
$297,100
$296,800
$286,900
$279,400
$278,500
$278,100
$271,100
$253,000
$210,400
$205,300
$203,900
$202,500
$191,500
$176,600
$171,400
$169,700
$161,300
$155,700
Benchmark	Price	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Condo	Apartment	(Con)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
February	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Con
Victoria	–	Con
Victoria	West	–	Con
Oak	Bay	–	Con
Esquimalt	–	Con
View	Royal	–	Con
Saanich	East	–	Con
Saanich	West	–	Con
Langford	–	Con
Colwood	–	Con
Sidney	–	Con
Central	Saanich	–	Con
273.9
272.6
271.2
270.6
269.1 268.2
266.8
266.3 266.0
264.5
260.6
258.5
256.1
255.8
255.3
254.3
252.4
252.3
252.2
252.1
251.3
250.6
249.6 249.3
249.2
249.1
248.9 247.9
247.8
247.6
247.5
247.2
247.0
246.7
246.2
246.0
245.4
243.4
243.3
242.7
242.3
242.0
241.8
241.6
241.1
240.2
240.0
239.4
238.8
238.2 237.8
237.8
237.0
236.9
236.5
235.0
234.1
232.3
231.5
231.4
230.4
227.5 226.9
226.5
224.5
224.0
223.6 223.4
220.8
220.5
214.4
199.1
174.1
172.7
169.4
168.4
167.4
163.9
158.6
158.2
155.0
151.2
146.7
137.9
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Condo	Apartment	(Con)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
February	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Twn
Victoria	–	Twn
Victoria	West	–	Twn
Esquimalt	–	Twn
View	Royal	–	Twn
Saanich	East	–	Twn
Saanich	West	–	Twn
Sooke	–	Twn
Langford	–	Twn
Colwood	–	Twn
Sidney	–	Twn
Central	Saanich	–	Twn
ML	Malahat	&	Area	–	Twn
GI	Gulf	Islands	–	Twn
$760,900
$745,000
$737,600
$732,100
$728,200 $726,600
$725,400 $723,500
$722,700 $717,800
$712,100
$700,000 $698,200
$696,600
$688,200
$683,300
$677,000
$673,500
$670,700
$664,500
$660,500
$658,900
$652,400
$652,100
$648,500
$647,800 $646,200
$642,100
$641,000
$638,400
$634,700
$634,600
$633,300
$627,400
$627,000
$625,100
$624,000
$620,700 $613,700
$613,500 $604,700
$602,400
$601,900
$597,700
$597,100 $596,300 $595,800
$588,900
$588,800
$587,600
$587,500
$587,300
$585,400
$584,200
$581,900
$577,400
$573,700
$572,300 $563,200
$561,200
$557,800
$557,100
$552,900
$544,600
$538,500
$536,800
$528,600
$527,500 $522,500
$517,800
$516,500
$513,900
$510,900
$509,300 $507,500
$503,400
$497,500
$497,500
$495,300
$494,400
$485,000
$479,400
$473,300
$470,400 $456,300
$440,800
$428,100
$421,200
$419,700
$416,900
$416,600
$415,900
$377,200
$368,300
$345,700
$342,400
$341,100
$334,600
$326,000
$322,600
$287,700
$278,300
$269,500
$266,600
$266,100
$261,800
$256,100
$250,100
$247,600
$245,700
$241,900
$234,700
Benchmark	Price	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
February	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Twn
Victoria	–	Twn
Victoria	West	–	Twn
Esquimalt	–	Twn
View	Royal	–	Twn
Saanich	East	–	Twn
Saanich	West	–	Twn
Sooke	–	Twn
Langford	–	Twn
Colwood	–	Twn
Sidney	–	Twn
Central	Saanich	–	Twn
ML	Malahat	&	Area	–	Twn
GI	Gulf	Islands	–	Twn
307.3 297.9 291.9 289.9
275.2
272.6 271.9
270.9
270.7
269.7
267.6
265.7
264.1
263.9 261.8
250.9 250.3
250.2 247.9
245.3
243.4
243.3
243.3 242.7
241.8
240.4 239.8
237.9
237.9
237.5 234.1
232.9
232.7
230.9
229.2
228.4
228.0
226.9
225.7
225.2
225.2
225.0
224.6
224.6
224.0 223.7 223.5
223.0
222.6
220.6
220.5
219.6
216.8
215.9
215.2
215.1
211.2
211.1
204.3
201.5
201.0
200.7
200.4
199.6
199.2
198.9 198.2
196.3
195.1
194.9
194.3
194.1
192.3
191.9 189.7
189.4
189.2
187.5
186.5
185.8
183.7
180.8
179.9
178.2
172.9
166.7
156.9
156.3
156.0
154.2
153.5
153.2
150.8
141.0
130.8
129.9
127.3
124.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	SF-All Core	–	SF-All Westshore	–	SF-All Peninsula	–	SF-All
Select	Date	Range:
All	values
Jan	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
Multiple	values
2.	Property	Type
Single	Family-All	(SF-All)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Con Core	–	Con Westshore	–	Con Peninsula	–	Con
Select	Date	Range:
All	values
Jan	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
Condo	Apartment	(Con)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Twn Core	–	Twn Westshore	–	Twn Peninsula	–	Twn
Select	Date	Range:
All	values
Jan	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
300,000
400,000
500,000
600,000
700,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
Multiple	values
2.	Property	Type
Townhouse	(Twn)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	SF-All Victoria	REB	–	Twn Victoria	REB	–	Con
Select	Date	Range:
All	values
Jan	2005
Jan	2006
Jan	2007
Jan	2008
Jan	2009
Jan	2010
Jan	2011
Jan	2012
Jan	2013
Jan	2014
Jan	2015
Jan	2016
Jan	2017
Jan	2018
Jan	2019
Jan	2020
Jan	2021
Benchmark	Price	($)
200,000
300,000
400,000
500,000
600,000
700,000
800,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
Multiple	values
2.	Property	Type
Multiple	values
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
February 2021
District
Produced: 01-Mar-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 53 $62,521,550
Oak Bay 24 $50,938,600
Esquimalt 4 $3,288,000
View Royal 7 $7,890,250
Saanich East 73 $99,556,940
Saanich West 18 $20,361,900
Central Saanich 14 $23,151,975
North Saanich 10 $12,728,927
Sidney 11 $12,093,000
Highlands 3 $3,790,000
Colwood 24 $23,272,947
Langford 50 $46,910,436
Metchosin 3 $5,025,000
Sooke 46 $41,335,468
Gulf Islands 33 $20,016,750
Total Greater Victoria 373 $432,881,743
Other Areas
Malahat & Area 17 $19,883,997
Total Other Areas 17 $19,883,997
Total Single Family Detached 390 $452,765,740
Condo Apartment
l
Greater Victoria
Victoria / Victoria West 129 $79,785,117
Oak Bay 1 $392,500
Esquimalt 15 $8,610,400
View Royal 7 $3,496,290
Saanich East 39 $18,487,400
Saanich West 12 $5,600,900
Central Saanich 2 $950,000
North Saanich 4 $2,754,600
Sidney 15 $8,013,588
Colwood 4 $2,020,000
Langford 58 $25,554,960
Sooke 3 $1,347,900
Total Greater Victoria 289 $157,013,655
Other Areas
Malahat & Area 1 $329,900
Total Other Areas 1 $329,900
Total Condo Apartment 290 $157,343,555
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
February 2021
District
Produced: 01-Mar-2021
Row/Townhouse
l
Greater Victoria
Victoria / Victoria West 22 $17,767,850
Esquimalt 2 $1,340,000
View Royal 2 $905,000
Saanich East 11 $8,894,795
Saanich West 12 $7,848,500
Central Saanich 3 $1,642,250
North Saanich 2 $1,713,000
Sidney 4 $2,414,500
Colwood 8 $5,398,745
Langford 24 $14,772,080
Sooke 9 $4,917,600
Gulf Islands 3 $1,956,900
Total Greater Victoria 102 $69,571,220
Total Row/Townhouse 102 $69,571,220
Manufactured Home
l
Greater Victoria
Victoria / Victoria West 2 $2,286,000
View Royal 4 $669,000
Central Saanich 2 $662,500
Sidney 1 $485,000
Langford 2 $386,000
Sooke 6 $1,510,605
Gulf Islands 1 $232,696
Total Greater Victoria 18 $6,231,801
Total Manufactured Home 18 $6,231,801
Total Residential 800 $685,912,316
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
February 2021
District
Produced: 01-Mar-2021
$730,354,159
863
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Victoria / Victoria West 2 $1,230,000
Oak Bay 1 $1,550,000
Saanich East 3 $2,250,900
Central Saanich 3 $1,455,000
North Saanich 5 $4,659,000
Highlands 1 $410,000
Colwood 2 $1,415,000
Langford 6 $4,008,295
Sooke 9 $3,029,000
Gulf Islands 9 $2,593,400
Total Greater Victoria 41 $22,600,595
Other Areas
Malahat & Area 1 $811,000
Total Other Areas 1 $811,000
Total Lots & Acreage 42 $23,411,595
2 $2,312,500
Commercial Land
l
19 $18,717,749
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
February 2021
District
Produced: 01-Mar-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria 48 $56,506,650
Victoria West 4 $3,534,900
Oak Bay 23 $47,543,600
Esquimalt 4 $3,288,000
View Royal 5 $5,230,250
Saanich East 72 $97,555,440
Saanich West 17 $18,586,900
Central Saanich 14 $23,151,975
North Saanich 10 $12,728,927
Sidney 10 $9,933,000
Highlands 3 $3,790,000
Colwood 24 $23,272,947
Langford 49 $45,530,436
Metchosin 3 $5,025,000
Sooke 37 $26,848,468
Gulf Islands 27 $17,570,750
Waterfront (all districts) 23 $32,784,500
Total Greater Victoria 373 $432,881,743
Other Areas
Malahat & Area 13 $11,635,997
Waterfront (all districts) 4 $8,248,000
Total Other Areas 17 $19,883,997
Total Single Family Detached 390 $452,765,740
Page 1 of 4
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
February 2021
District
Produced: 01-Mar-2021
Condo Apartment
l
Greater Victoria
Victoria 113 $66,980,217
Victoria West 8 $6,960,900
Oak Bay 1 $392,500
Esquimalt 14 $7,627,400
View Royal 7 $3,496,290
Saanich East 39 $18,487,400
Saanich West 11 $5,150,900
Central Saanich 1 $425,000
North Saanich 4 $2,754,600
Sidney 12 $5,935,588
Colwood 4 $2,020,000
Langford 58 $25,554,960
Sooke 1 $543,000
Waterfront (all districts) 16 $10,684,900
Total Greater Victoria 289 $157,013,655
Other Areas
Malahat & Area 1 $329,900
Total Other Areas 1 $329,900
Total Condo Apartment 290 $157,343,555
Row/Townhouse
l
Greater Victoria
Victoria 13 $10,088,200
Victoria West 9 $7,679,650
Esquimalt 2 $1,340,000
View Royal 2 $905,000
Saanich East 11 $8,894,795
Saanich West 12 $7,848,500
Central Saanich 3 $1,642,250
North Saanich 2 $1,713,000
Sidney 4 $2,414,500
Colwood 8 $5,398,745
Langford 24 $14,772,080
Sooke 9 $4,917,600
Gulf Islands 3 $1,956,900
Total Greater Victoria 102 $69,571,220
Total Row/Townhouse 102 $69,571,220
Page 2 of 4
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
February 2021
District
Produced: 01-Mar-2021
Manufactured Home
l
Greater Victoria
Victoria 1 $2,110,000
Victoria West 1 $176,000
View Royal 4 $669,000
Central Saanich 2 $662,500
Sidney 1 $485,000
Langford 2 $386,000
Sooke 6 $1,510,605
Gulf Islands 1 $232,696
Total Greater Victoria 18 $6,231,801
Total Manufactured Home 18 $6,231,801
Total Residential 800 $685,912,316
Page 3 of 4
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
February 2021
District
Produced: 01-Mar-2021
$730,354,159
863
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Victoria / Victoria West 2 $1,230,000
Oak Bay 1 $1,550,000
Saanich East 3 $2,250,900
Central Saanich 3 $1,455,000
North Saanich 5 $4,659,000
Highlands 1 $410,000
Colwood 2 $1,415,000
Langford 6 $4,008,295
Sooke 9 $3,029,000
Gulf Islands 9 $2,593,400
Total Greater Victoria 41 $22,600,595
Other Areas
Malahat & Area 1 $811,000
Total Other Areas 1 $811,000
Total Lots & Acreage 42 $23,411,595
2 $2,312,500
Commercial Land
l
19 $18,717,749
Other Commercial Properties
l
Page 4 of 4
Victoria Real Estate Board Multiple Listing Service ®
Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
February 2021
Produced: 01-Mar-2021
10%
20%
30%
40%
50%
60%
70%
80%
90%
Feb
2019
Mar
2019
Apr
2019
May
2019
Jun
2019
Jul
2019
Aug
2019
Sep
2019
Oct
2019
Nov
2019
Dec
2019
Jan
2020
Feb
2020
Mar
2020
Apr
2020
May
2020
Jun
2020
Jul
2020
Aug
2020
Sep
2020
Oct
2020
Nov
2020
Dec
2020
Jan
2021
Feb
2021
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board Multiple Listing Service ® Page 1 of 1
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Single Family - Residential
Units Listed 342
Units Sold 298
Sell/List Ratio 87
Sales Dollars $334,528,954
Average Price / Unit $1,122,580
Price Ratio 102
Days To Sell 27
Active Listings at Month End 256
%
%
362
231
64
$197,152,861
$853,476
98
44
561
%
%
-6
29
70
32
-39
-54
%
%
%
%
%
%
622
532
86
$595,521,335
$1,119,401
102
30
%
%
666
391
59
$339,770,462
$868,978
98
51
%
%
-7
36
75
29
-41
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 29
Units Sold 23
Sell/List Ratio 79
Sales Dollars $40,356,500
Average Price / Unit $1,754,630
Price Ratio 99
Days To Sell 56
Active Listings at Month End 46
%
%
38
16
42
$20,107,875
$1,256,742
98
49
130
%
%
-24
44
101
40
15
-65
%
%
%
%
%
%
52
41
79
$82,545,900
$2,013,315
97
96
%
%
66
28
42
$38,558,375
$1,377,085
95
98
%
%
-21
46
114
46
-2
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 25
Units Sold 27
Sell/List Ratio 108
Sales Dollars $48,735,500
Average Price / Unit $1,805,019
Price Ratio 100
Days To Sell 36
Active Listings at Month End 50
%
%
28
16
57
$17,308,800
$1,081,800
97
112
91
%
%
-11
69
182
67
-67
-45
%
%
%
%
%
%
59
52
88
$89,939,800
$1,729,612
98
73
%
%
55
35
64
$37,024,300
$1,057,837
95
99
%
%
7
49
143
64
-26
%
%
%
%
%
Condo Apartment
Units Listed 356
Units Sold 290
Sell/List Ratio 81
Sales Dollars $157,343,555
Average Price / Unit $542,564
Price Ratio 99
Days To Sell 27
Active Listings at Month End 417
%
%
318
175
55
$86,813,389
$496,077
99
37
549
%
%
12
66
81
9
-28
-24
%
%
%
%
%
%
679
506
75
$263,294,031
$520,344
99
35
%
%
613
293
48
$145,012,524
$494,923
98
41
%
%
11
73
82
5
-13
%
%
%
%
%
Page 1 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Row/Townhouse
Units Listed 114
Units Sold 102
Sell/List Ratio 89
Sales Dollars $69,571,220
Average Price / Unit $682,071
Price Ratio 102
Days To Sell 34
Active Listings at Month End 113
%
%
129
78
60
$45,808,495
$587,288
99
53
202
%
%
-12
31
52
16
-35
-44
%
%
%
%
%
%
233
167
72
$111,648,671
$668,555
102
33
%
%
240
128
53
$76,966,767
$601,303
99
57
%
%
-3
30
45
11
-42
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $835,000
Average Price / Unit $835,000
Price Ratio 104
Days To Sell 4
Active Listings at Month End 1
%
%
0
0
$0
2
%
%
-50
%
%
%
%
%
%
2
2
100
$2,135,000
$1,067,500
98
21
%
%
1
1
100
$321,000
$321,000
94
64
%
%
100
100
565
233
-67
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 26
Units Sold 25
Sell/List Ratio 96
Sales Dollars $16,372,436
Average Price / Unit $654,897
Price Ratio 102
Days To Sell 19
Active Listings at Month End 24
%
%
10
4
40
$2,479,000
$619,750
98
60
12
%
%
160
525
560
6
-68
100
%
%
%
%
%
%
48
41
85
$26,666,063
$650,392
102
31
%
%
14
5
36
$3,264,000
$652,800
99
50
%
%
243
720
717
0
-38
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 3
Units Sold 4
Sell/List Ratio 133
Sales Dollars $3,540,450
Average Price / Unit $885,113
Price Ratio 100
Days To Sell 19
Active Listings at Month End 2
%
%
2
1
50
$800,000
$800,000
100
8
2
%
%
50
300
343
11
131
0
%
%
%
%
%
%
5
6
120
$5,092,350
$848,725
100
22
%
%
4
4
100
$2,525,400
$631,350
99
42
%
%
25
50
102
34
-48
%
%
%
%
%
Page 2 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Recreational
Units Listed 3
Units Sold 6
Sell/List Ratio 200
Sales Dollars $814,000
Average Price / Unit $135,667
Price Ratio 95
Days To Sell 179
Active Listings at Month End 7
%
%
1
0
0
$0
13
%
%
200
-46
%
%
%
%
%
%
5
7
140
$1,113,000
$159,000
96
483
%
%
3
2
67
$98,500
$49,250
90
251
%
%
67
250
1030
223
92
%
%
%
%
%
Manufactured Home
Units Listed 16
Units Sold 18
Sell/List Ratio 113
Sales Dollars $6,231,801
Average Price / Unit $346,211
Price Ratio 96
Days To Sell 54
Active Listings at Month End 22
%
%
17
8
47
$1,483,500
$185,438
95
34
36
%
%
-6
125
320
87
57
-39
%
%
%
%
%
%
30
27
90
$9,206,301
$340,974
97
54
%
%
35
20
57
$3,551,800
$177,590
95
67
%
%
-14
35
159
92
-19
%
%
%
%
%
Residential Lots
Units Listed 22
Units Sold 28
Sell/List Ratio 127
Sales Dollars $14,384,695
Average Price / Unit $513,739
Price Ratio 98
Days To Sell 133
Active Listings at Month End 52
%
%
23
14
61
$8,298,074
$592,720
101
90
135
%
%
-4
100
73
-13
48
-61
%
%
%
%
%
%
44
56
127
$24,937,495
$445,312
97
128
%
%
58
27
47
$10,980,474
$406,684
100
180
%
%
-24
107
127
9
-29
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 6
Units Sold 3
Sell/List Ratio 50
Sales Dollars $2,497,000
Average Price / Unit $832,333
Price Ratio 95
Days To Sell 598
Active Listings at Month End 14
%
%
14
2
14
$1,603,125
$801,563
89
500
28
%
%
-57
50
56
4
20
-50
%
%
%
%
%
%
11
11
100
$5,935,895
$539,627
98
308
%
%
15
2
13
$1,603,125
$801,563
89
500
%
%
-27
450
270
-33
-38
%
%
%
%
%
Page 3 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Residential Acreage
Units Listed 9
Units Sold 9
Sell/List Ratio 100
Sales Dollars $5,405,900
Average Price / Unit $600,656
Price Ratio 97
Days To Sell 79
Active Listings at Month End 34
%
%
18
2
11
$1,030,000
$515,000
94
188
80
%
%
-50
350
425
17
-58
-58
%
%
%
%
%
%
21
21
100
$10,992,780
$523,466
97
106
%
%
32
9
28
$8,239,000
$915,444
94
127
%
%
-34
133
33
-43
-16
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 3
Units Sold 2
Sell/List Ratio 67
Sales Dollars $1,124,000
Average Price / Unit $562,000
Price Ratio 95
Days To Sell 202
Active Listings at Month End 18
%
%
3
3
100
$1,444,000
$481,333
92
122
22
%
%
0
-33
-22
17
66
-18
%
%
%
%
%
%
5
6
120
$3,735,000
$622,500
95
223
%
%
6
4
67
$1,769,000
$442,250
94
95
%
%
-17
50
111
41
135
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 12
Units Sold 6
Sell/List Ratio 50
Sales Dollars $7,582,900
Average Price / Unit $1,263,817
Price Ratio 98
Days To Sell 25
Active Listings at Month End 11
%
%
10
3
30
$2,851,000
$950,333
104
11
8
%
%
20
100
166
33
121
38
%
%
%
%
%
%
15
6
40
$7,582,900
$1,263,817
98
25
%
%
11
5
45
$4,671,000
$934,200
100
60
%
%
36
20
62
35
-58
%
%
%
%
%
Revenue - Multi Units
Units Listed 5
Units Sold 5
Sell/List Ratio 100
Sales Dollars $10,602,000
Average Price / Unit $2,120,400
Price Ratio 102
Days To Sell 42
Active Listings at Month End 20
%
%
3
0
0
$0
8
%
%
67
150
%
%
%
%
%
%
11
6
55
$12,452,000
$2,075,333
101
72
%
%
4
0
0
$0
%
%
175 %
%
%
%
%
Page 4 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Revenue - Apartment Block
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
3
0
0
$0
6
%
%
-100
-100
%
%
%
%
%
%
0
0
$0
%
%
4
1
25
$5,600,000
$5,600,000
95
114
%
%
-100
-100
-100
%
%
%
%
%
Revenue - Commercial
Units Listed 6
Units Sold 2
Sell/List Ratio 33
Sales Dollars $2,465,756
Average Price / Unit $1,232,878
Price Ratio 104
Days To Sell 123
Active Listings at Month End 37
%
%
7
2
29
$1,665,000
$832,500
98
106
39
%
%
-14
0
48
48
16
-5
%
%
%
%
%
%
10
2
20
$4,515,756
$2,257,878
101
99
%
%
12
3
25
$1,904,900
$634,967
98
77
%
%
-17
-33
137
256
28
%
%
%
%
%
Revenue - Industrial
Units Listed 6
Units Sold 3
Sell/List Ratio 50
Sales Dollars $5,225,018
Average Price / Unit $1,741,673
Price Ratio 96
Days To Sell 72
Active Listings at Month End 8
%
%
0
0
$0
1
%
%
700
%
%
%
%
%
%
9
6
67
$7,886,668
$1,314,445
97
47
%
%
1
0
0
$0
%
%
800 %
%
%
%
%
Business with Land & Building
Units Listed 2
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 4
%
%
10
1
10
$4,500,000
$4,500,000
92
70
29
%
%
-80
-100
-100
-86
%
%
%
%
%
%
2
0
0
$0
%
%
18
5
28
$9,481,000
$1,896,200
89
258
%
%
-89
-100
-100
%
%
%
%
%
Page 5 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Business Only
Units Listed 4
Units Sold 2
Sell/List Ratio 50
Sales Dollars $424,000
Average Price / Unit $212,000
Price Ratio 82
Days To Sell 249
Active Listings at Month End 31
%
%
16
2
13
$160,000
$80,000
91
51
67
%
%
-75
0
165
165
393
-54
%
%
%
%
%
%
15
3
20
$491,500
$163,833
83
186
%
%
29
5
17
$316,000
$63,200
83
111
%
%
-48
-40
56
159
68
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
3
%
%
-100
%
%
%
%
%
%
0
0
$0
%
%
1
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Office
Units Listed 13
Units Sold 1
Sell/List Ratio 8
Sales Dollars $835
Average Price / Unit $835
Price Ratio 93
Days To Sell 26
Active Listings at Month End 83
%
%
4
2
50
$40
$20
402
28
%
%
225
-50
1988
4075
-94
196
%
%
%
%
%
%
25
2
8
$1,774
$887
96
57
%
%
10
2
20
$40
$20
402
%
%
150
0
4335
4335
-86
%
%
%
%
%
Lease - Retail
Units Listed 7
Units Sold 6
Sell/List Ratio 86
Sales Dollars $140
Average Price / Unit $23
Price Ratio 96
Days To Sell 164
Active Listings at Month End 44
%
%
3
3
100
$42
$14
437
22
%
%
133
100
230
65
-62
100
%
%
%
%
%
%
16
7
44
$8,390
$1,199
92
146
%
%
9
4
44
$59
$15
351
%
%
78
75
14161
8049
-58
%
%
%
%
%
Page 6 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Industrial
Units Listed 5
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 9
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
6
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Other
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 4
%
%
6
0
0
$0
36
%
%
-100
-89
%
%
%
%
%
%
0
0
$0
%
%
14
0
0
$0
%
%
-100 %
%
%
%
%
Commercial Land
Units Listed 0
Units Sold 2
Sell/List Ratio
Sales Dollars $2,312,500
Average Price / Unit $1,156,250
Price Ratio 88
Days To Sell 529
Active Listings at Month End 11
%
%
2
0
0
$0
17
%
%
-100
-35
%
%
%
%
%
%
1
2
200
$2,312,500
$1,156,250
88
529
%
%
7
0
0
$0
%
%
-86 %
%
%
%
%
Page 7 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
February 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Mar-2021
Units Listed 1015
Units Sold 863
Sell/List Ratio 85
Sales Dollars $730,354,159
Average Price / Unit $846,297
Price Ratio 101
Days To Sell 40
Active Listings at Month End 1318
%
%
Grand Totals
1027
563
55
$393,505,201
$698,944
98
52
2127
%
%
-1
53
86
21
-24
-38
%
%
%
%
%
%
1926
1509
78
$1,268,015,109
$840,302
100
47
%
%
1928
974
51
$691,657,726
$710,121
98
61
%
%
0
55
83
18
-23
%
%
%
%
%
Page 8 of 8
Victoria Real Estate Board Multiple Listing Service ®

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VREB Feb 21 Stats Package

  • 1. VICTORIA REAL ESTATE BOARD 3035 Nanaimo Street Victoria, BC V8T 4W2 T 250.385.7766 F 250.385.8773 www.vreb.org www.openhousesvictoria.ca March 1, 2021 Victoria Real Estate Market demand surges against limited supply A total of 863 properties sold in the Victoria Real Estate Board region this February, 53.3 per cent more than the 563 properties sold in February 2020 and 33.6 per cent more than the previous month of January. Sales of condominiums were up 65.7 per cent from February 2020 with 290 units sold. Sales of single family homes were up 43.9 per cent from February 2020 with 390 sold. “Our early spring market is in full swing carrying on from a fast start in January,” said Victoria Real Estate Board President David Langlois. “Our market remains one with tightly constrained inventory and high demand. The good news is that we have seen some stabilization in listings and condo pricing between January and February, but we continue to see huge pressure on single family homes – new listings are snapped up as soon as they are listed. As a result, the pressure on single family homes continues to ramp up. There is significant competition for desirable homes – and in our marketplace most homes are desirable – and people competing for properties pushes prices up.” There were 1,318 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2021, 38 per cent fewer properties than the total available at the end of February 2020 and three properties fewer than the 1,321 active listings for sale at the end of January 2020. “The theme for 2021 is going to be inventory - where does it come from and how much new supply can be approved - so that this situation does not persist,” adds Langlois. “We’ve seen the government attempt to influence the housing market in hopes of dampening the demand for home ownership. The foreign buyer tax has changed nothing – our market continues to zoom forward with almost no foreign buyers. The government adjusted mortgage qualification rules, those are absorbed by the market and buyers adjust. Demand- suppression measures have not worked and their failure to moderate housing prices in our community has only exacerbated the pressure on the supply that was constrained ten years ago but is now at historically low levels. If you are concerned about housing prices and availability of housing in general in our community, please support development in your municipality. Be vocal with your local council or neighbourhood association – these stakeholders hold the power in these negotiations - and help to make space in your community. Gentle density and the building of new homes are the only pathway to moderate housing prices in our area.” The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2020 was $870,300. The benchmark value for the same home in February 2021 increased by 9 per cent to $948,200, a 1.7 per cent increase from the previous month of January. The MLS® HPI benchmark value for a condominium in the Victoria Core in February 2020 was $525,600, while the benchmark for the same condominium in February 2021 remained close to last year’s value at $525,400, a 0.38 per cent decrease. About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,409 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market. PRESIDENT David Langlois PRESIDENT ELECT Karen Dinnie-Smyth TREASURER Patrick Novotny PAST PRESIDENT Sandi-Jo Ayers DIRECTORS Sheila Aujla Robert Cole Laurie Lidstone Jackie Ngai Graden Sol EXECUTIVE OFFICER David Corey
  • 2. Sales by Property Type Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condo Apartment Row/Townhouse Manufactured Home Total Residential Total Sales Active Listings Units Median$ Average$ LY% LM% LY% LM% LY% LM% Units Median$ Average$ Units Median$ Average$ February 2021 373 290 102 18 800 390 863 17 1,318 283 216 65 9 587 297 646 14 1,321 252 175 78 8 532 271 563 19 2,127 $1,160,541 $542,564 $682,071 $346,211 $1,160,938 $1,169,647 $978,000 $454,900 $630,000 $192,500 $955,000 $898,000 $1,220,626 $490,511 $647,345 $330,500 $1,204,817 $885,249 $975,000 $440,000 $610,000 $221,000 $970,000 $693,255 $899,443 $496,077 $587,288 $185,438 $888,190 $738,942 $799,500 $440,000 $550,900 $185,750 $795,000 $660,000 31.8% 34.3% 56.9% 100.0% 36.3% 31.3% 33.6% 21.4% -0.2% 48.0% 65.7% 30.8% 125.0% 50.4% 43.9% 53.3% -10.5% -38.0% -4.9% 10.6% 5.4% 4.8% -3.6% 32.1% 29.0% 9.4% 16.1% 86.7% 30.7% 58.3% 0.3% 3.4% 3.3% -12.9% -1.5% 29.5% 22.3% 3.4% 14.4% 3.6% 20.1% 36.1% January 2021 February 2020 Legend Units: net number of listings sold LM%: percentage change since Last Month LY%: percentage change since This Month Last Year Average$: average selling price Median$: median selling price Total Residential: includes sales of residential property types Total Sales: includes sales of all property types Active Listings: total listings of all types on the market at midnight on the last day of the month This Month Last Month Produced: 01-Mar-2021 February 2021 Previous Periods Comparison This Month Last Year Page 1 of 1 Victoria Real Estate Board Multiple Listing Service ® February 2021 Statistics Package for Media Victoria Real Estate Board February 2021 Statistics Previous Periods Comparison of Unit Sales, Average Prices and Median Prices Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values
  • 3. The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Mar-2021 Sales to Active Listings Ratio This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months. The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is downward pressure on prices, and a "sellers' market", where there is upward pressure on prices. - below 10%, there is downward pressure on prices (buyers' market) - above 25%, there is upward pressure on prices (sellers' market) - in the 15-20% range, there is little pressure on prices either way (balanced market) Victoria Real Estate Board February 2021 Statistics Total new MLS® listings and total MLS® sales for entire district
  • 4. The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS® HPI defined benchmark homes for Victoria in each category (single family homes, townhouses, condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of property and neighbourhood was assigned an index value of 100. MLS® HPI benchmark and value - Single Family Homes Victoria Real Estate Board February 2021 Statistics 12 Months Ago % Difference from 12 Months Ago (February 2020 to February 2021) Select Timeframe: 1. Area Group VREB Area Summary 3. Area/Property Type Selection All 2. Property Type Single Family-All (SF-All) Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All Gulf Islands – SF-All Malahat & Area – SF-All 10.8% 10.1% 15.3% 18.8% 9.0% 4.8%
  • 5. MLS® HPI benchmark and value - Condominium / Apartments Victoria Real Estate Board February 2021 Statistics 12 Months Ago % Difference from 12 Months Ago (February 2020 to February 2021) Select Timeframe: 1. Area Group VREB Area Summary 3. Area/Property Type Selection All 2. Property Type Condo Apartment (Con) Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Con Core – Con Westshore – Con Peninsula – Con -0.2% -1.3% 0.1% 2.3%
  • 6. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board February 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – SF-All Victoria – SF-All Victoria West – SF-All Oak Bay – SF-All Esquimalt – SF-All View Royal – SF-All Saanich East – SF-All Saanich West – SF-All Sooke – SF-All Langford – SF-All Metchosin – SF-All Colwood – SF-All Highlands – SF-All North Saanich – SF-All Sidney – SF-All Central Saanich – SF-All ML Malahat & Area – SF-All GI Gulf Islands – SF-All $997,500 $986,300 $984,100 $983,400 $970,500 $967,700 $941,700 $940,000 $927,300 $923,100 $922,200 $918,500 $905,800 $905,700 $904,200 $899,500 $892,500 $884,900 $881,500 $877,400 $870,300 $858,700 $853,600 $851,200 $847,800 $847,600 $840,100 $839,800 $839,100 $829,500 $828,400 $826,200 $825,200 $824,300 $823,300 $821,000 $816,100 $813,700 $808,400 $795,500 $790,300 $785,000 $779,600 $778,100 $768,400 $768,000 $767,900 $763,600 $762,900 $759,300 $750,500 $747,400 $746,800 $745,100 $738,300 $737,400 $736,800 $733,800 $732,300 $730,800 $728,700 $724,500 $723,200 $720,700 $720,000 $715,400 $711,500 $706,400 $698,500 $694,000 $693,900 $689,200 $678,200 $676,000 $672,900 $668,100 $663,200 $662,200 $661,000 $657,300 $648,200 $645,400 $640,800 $638,000 $636,500 $635,500 $624,600 $624,400 $622,900 $616,000 $610,200 $598,900 $569,300 $567,900 $563,700 $557,700 $552,000 $551,100 $550,600 $548,600 $541,600 $536,900 $535,000 $525,200 $524,700 $499,200 $495,800 $490,000 $487,300 $470,900 $470,700 $455,400 $453,700 $437,700 $430,500 $428,900 $394,500 $370,800 $361,000 $357,100 $357,000 $349,200 $341,000 $332,600 $329,800 $321,400 $308,000 $292,400 $291,500 $284,200 $282,400 $265,000 $1,311,400 $1,262,300 $1,241,300 $1,224,200 $1,213,200 $1,211,500 $1,077,400 $1,077,000 $1,045,800 $1,029,400 $1,023,700 $1,022,300 Benchmark Price by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Single Family-All (SF-All)
  • 7. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board February 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – SF-All Victoria – SF-All Victoria West – SF-All Oak Bay – SF-All Esquimalt – SF-All View Royal – SF-All Saanich East – SF-All Saanich West – SF-All Sooke – SF-All Langford – SF-All Metchosin – SF-All Colwood – SF-All Highlands – SF-All North Saanich – SF-All Sidney – SF-All Central Saanich – SF-All ML Malahat & Area – SF-All GI Gulf Islands – SF-All 274.3 270.2 268.7 263.0 258.3 252.0 251.5 250.5 250.0 247.8 247.7 246.5 246.0 245.1 244.3 244.2 242.7 241.8 241.6 239.8 239.4 238.7 238.4 238.0 237.6 237.6 237.3 237.2 236.6 236.3 235.6 235.3 235.2 235.2 235.1 234.7 234.1 232.3 231.0 230.2 230.2 229.4 229.2 228.7 228.6 228.5 228.3 228.0 227.9 227.9 227.1 226.3 226.0 225.3 225.0 224.9 224.8 224.5 224.5 224.3 224.0 222.8 222.8 222.4 222.3 221.8 221.2 221.1 221.0 220.2 219.8 219.5 218.3 217.7 217.3 216.6 216.1 216.1 215.1 214.9 214.6 214.3 213.7 212.5 210.9 207.2 206.8 206.0 205.1 204.5 202.3 201.8 201.6 200.0 198.9 196.2 193.7 192.9 190.3 188.9 188.2 188.1 187.1 185.8 185.8 184.2 180.2 168.1 168.0 165.7 162.2 161.0 159.7 157.9 157.8 156.2 155.3 151.9 148.1 147.7 147.3 147.3 146.0 140.1 136.2 117.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 HPI by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Single Family-All (SF-All)
  • 8. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board February 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Con Victoria – Con Victoria West – Con Oak Bay – Con Esquimalt – Con View Royal – Con Saanich East – Con Saanich West – Con Langford – Con Colwood – Con Sidney – Con Central Saanich – Con $844,200 $833,300 $820,800 $813,700 $783,900 $780,500 $615,600 $614,100 $611,900 $611,400 $601,700 $570,500 $543,900 $538,200 $530,800 $528,700 $519,700 $514,700 $514,300 $509,000 $508,400 $504,900 $503,800 $488,900 $488,200 $486,000 $482,300 $481,500 $476,900 $476,700 $474,800 $474,000 $472,400 $472,100 $470,000 $467,100 $466,100 $465,800 $464,700 $462,500 $459,100 $458,600 $456,500 $455,000 $453,700 $453,600 $452,700 $452,600 $437,400 $436,400 $435,900 $434,700 $432,100 $429,500 $429,500 $429,000 $427,300 $426,600 $424,700 $424,200 $422,700 $421,700 $415,000 $405,800 $401,200 $398,800 $397,900 $387,900 $384,900 $378,600 $378,500 $369,000 $356,400 $352,700 $348,900 $338,800 $323,400 $310,400 $297,100 $296,800 $286,900 $279,400 $278,500 $278,100 $271,100 $253,000 $210,400 $205,300 $203,900 $202,500 $191,500 $176,600 $171,400 $169,700 $161,300 $155,700 Benchmark Price by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Condo Apartment (Con)
  • 9. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board February 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Con Victoria – Con Victoria West – Con Oak Bay – Con Esquimalt – Con View Royal – Con Saanich East – Con Saanich West – Con Langford – Con Colwood – Con Sidney – Con Central Saanich – Con 273.9 272.6 271.2 270.6 269.1 268.2 266.8 266.3 266.0 264.5 260.6 258.5 256.1 255.8 255.3 254.3 252.4 252.3 252.2 252.1 251.3 250.6 249.6 249.3 249.2 249.1 248.9 247.9 247.8 247.6 247.5 247.2 247.0 246.7 246.2 246.0 245.4 243.4 243.3 242.7 242.3 242.0 241.8 241.6 241.1 240.2 240.0 239.4 238.8 238.2 237.8 237.8 237.0 236.9 236.5 235.0 234.1 232.3 231.5 231.4 230.4 227.5 226.9 226.5 224.5 224.0 223.6 223.4 220.8 220.5 214.4 199.1 174.1 172.7 169.4 168.4 167.4 163.9 158.6 158.2 155.0 151.2 146.7 137.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 HPI by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Condo Apartment (Con)
  • 10. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board February 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Twn Victoria – Twn Victoria West – Twn Esquimalt – Twn View Royal – Twn Saanich East – Twn Saanich West – Twn Sooke – Twn Langford – Twn Colwood – Twn Sidney – Twn Central Saanich – Twn ML Malahat & Area – Twn GI Gulf Islands – Twn $760,900 $745,000 $737,600 $732,100 $728,200 $726,600 $725,400 $723,500 $722,700 $717,800 $712,100 $700,000 $698,200 $696,600 $688,200 $683,300 $677,000 $673,500 $670,700 $664,500 $660,500 $658,900 $652,400 $652,100 $648,500 $647,800 $646,200 $642,100 $641,000 $638,400 $634,700 $634,600 $633,300 $627,400 $627,000 $625,100 $624,000 $620,700 $613,700 $613,500 $604,700 $602,400 $601,900 $597,700 $597,100 $596,300 $595,800 $588,900 $588,800 $587,600 $587,500 $587,300 $585,400 $584,200 $581,900 $577,400 $573,700 $572,300 $563,200 $561,200 $557,800 $557,100 $552,900 $544,600 $538,500 $536,800 $528,600 $527,500 $522,500 $517,800 $516,500 $513,900 $510,900 $509,300 $507,500 $503,400 $497,500 $497,500 $495,300 $494,400 $485,000 $479,400 $473,300 $470,400 $456,300 $440,800 $428,100 $421,200 $419,700 $416,900 $416,600 $415,900 $377,200 $368,300 $345,700 $342,400 $341,100 $334,600 $326,000 $322,600 $287,700 $278,300 $269,500 $266,600 $266,100 $261,800 $256,100 $250,100 $247,600 $245,700 $241,900 $234,700 Benchmark Price by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Townhouse (Twn)
  • 11. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board February 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Twn Victoria – Twn Victoria West – Twn Esquimalt – Twn View Royal – Twn Saanich East – Twn Saanich West – Twn Sooke – Twn Langford – Twn Colwood – Twn Sidney – Twn Central Saanich – Twn ML Malahat & Area – Twn GI Gulf Islands – Twn 307.3 297.9 291.9 289.9 275.2 272.6 271.9 270.9 270.7 269.7 267.6 265.7 264.1 263.9 261.8 250.9 250.3 250.2 247.9 245.3 243.4 243.3 243.3 242.7 241.8 240.4 239.8 237.9 237.9 237.5 234.1 232.9 232.7 230.9 229.2 228.4 228.0 226.9 225.7 225.2 225.2 225.0 224.6 224.6 224.0 223.7 223.5 223.0 222.6 220.6 220.5 219.6 216.8 215.9 215.2 215.1 211.2 211.1 204.3 201.5 201.0 200.7 200.4 199.6 199.2 198.9 198.2 196.3 195.1 194.9 194.3 194.1 192.3 191.9 189.7 189.4 189.2 187.5 186.5 185.8 183.7 180.8 179.9 178.2 172.9 166.7 156.9 156.3 156.0 154.2 153.5 153.2 150.8 141.0 130.8 129.9 127.3 124.5 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 HPI by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type Townhouse (Twn)
  • 12. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All Select Date Range: All values Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Benchmark Price ($) 300,000 400,000 500,000 600,000 700,000 800,000 900,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection Multiple values 2. Property Type Single Family-All (SF-All) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 13. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Con Core – Con Westshore – Con Peninsula – Con Select Date Range: All values Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Benchmark Price ($) 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection All 2. Property Type Condo Apartment (Con) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 14. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn Select Date Range: All values Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Benchmark Price ($) 300,000 400,000 500,000 600,000 700,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection Multiple values 2. Property Type Townhouse (Twn) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 16. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume February 2021 District Produced: 01-Mar-2021 Residential Single Family Detached l Greater Victoria Victoria / Victoria West 53 $62,521,550 Oak Bay 24 $50,938,600 Esquimalt 4 $3,288,000 View Royal 7 $7,890,250 Saanich East 73 $99,556,940 Saanich West 18 $20,361,900 Central Saanich 14 $23,151,975 North Saanich 10 $12,728,927 Sidney 11 $12,093,000 Highlands 3 $3,790,000 Colwood 24 $23,272,947 Langford 50 $46,910,436 Metchosin 3 $5,025,000 Sooke 46 $41,335,468 Gulf Islands 33 $20,016,750 Total Greater Victoria 373 $432,881,743 Other Areas Malahat & Area 17 $19,883,997 Total Other Areas 17 $19,883,997 Total Single Family Detached 390 $452,765,740 Condo Apartment l Greater Victoria Victoria / Victoria West 129 $79,785,117 Oak Bay 1 $392,500 Esquimalt 15 $8,610,400 View Royal 7 $3,496,290 Saanich East 39 $18,487,400 Saanich West 12 $5,600,900 Central Saanich 2 $950,000 North Saanich 4 $2,754,600 Sidney 15 $8,013,588 Colwood 4 $2,020,000 Langford 58 $25,554,960 Sooke 3 $1,347,900 Total Greater Victoria 289 $157,013,655 Other Areas Malahat & Area 1 $329,900 Total Other Areas 1 $329,900 Total Condo Apartment 290 $157,343,555 Page 1 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 17. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume February 2021 District Produced: 01-Mar-2021 Row/Townhouse l Greater Victoria Victoria / Victoria West 22 $17,767,850 Esquimalt 2 $1,340,000 View Royal 2 $905,000 Saanich East 11 $8,894,795 Saanich West 12 $7,848,500 Central Saanich 3 $1,642,250 North Saanich 2 $1,713,000 Sidney 4 $2,414,500 Colwood 8 $5,398,745 Langford 24 $14,772,080 Sooke 9 $4,917,600 Gulf Islands 3 $1,956,900 Total Greater Victoria 102 $69,571,220 Total Row/Townhouse 102 $69,571,220 Manufactured Home l Greater Victoria Victoria / Victoria West 2 $2,286,000 View Royal 4 $669,000 Central Saanich 2 $662,500 Sidney 1 $485,000 Langford 2 $386,000 Sooke 6 $1,510,605 Gulf Islands 1 $232,696 Total Greater Victoria 18 $6,231,801 Total Manufactured Home 18 $6,231,801 Total Residential 800 $685,912,316 Page 2 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 18. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume February 2021 District Produced: 01-Mar-2021 $730,354,159 863 Grand Totals Other Property Lots & Acreage l Greater Victoria Victoria / Victoria West 2 $1,230,000 Oak Bay 1 $1,550,000 Saanich East 3 $2,250,900 Central Saanich 3 $1,455,000 North Saanich 5 $4,659,000 Highlands 1 $410,000 Colwood 2 $1,415,000 Langford 6 $4,008,295 Sooke 9 $3,029,000 Gulf Islands 9 $2,593,400 Total Greater Victoria 41 $22,600,595 Other Areas Malahat & Area 1 $811,000 Total Other Areas 1 $811,000 Total Lots & Acreage 42 $23,411,595 2 $2,312,500 Commercial Land l 19 $18,717,749 Other Commercial Properties l Page 3 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 19. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume February 2021 District Produced: 01-Mar-2021 Residential Single Family Detached l Greater Victoria Victoria 48 $56,506,650 Victoria West 4 $3,534,900 Oak Bay 23 $47,543,600 Esquimalt 4 $3,288,000 View Royal 5 $5,230,250 Saanich East 72 $97,555,440 Saanich West 17 $18,586,900 Central Saanich 14 $23,151,975 North Saanich 10 $12,728,927 Sidney 10 $9,933,000 Highlands 3 $3,790,000 Colwood 24 $23,272,947 Langford 49 $45,530,436 Metchosin 3 $5,025,000 Sooke 37 $26,848,468 Gulf Islands 27 $17,570,750 Waterfront (all districts) 23 $32,784,500 Total Greater Victoria 373 $432,881,743 Other Areas Malahat & Area 13 $11,635,997 Waterfront (all districts) 4 $8,248,000 Total Other Areas 17 $19,883,997 Total Single Family Detached 390 $452,765,740 Page 1 of 4 Victoria Real Estate Board Multiple Listing Service ®
  • 20. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume February 2021 District Produced: 01-Mar-2021 Condo Apartment l Greater Victoria Victoria 113 $66,980,217 Victoria West 8 $6,960,900 Oak Bay 1 $392,500 Esquimalt 14 $7,627,400 View Royal 7 $3,496,290 Saanich East 39 $18,487,400 Saanich West 11 $5,150,900 Central Saanich 1 $425,000 North Saanich 4 $2,754,600 Sidney 12 $5,935,588 Colwood 4 $2,020,000 Langford 58 $25,554,960 Sooke 1 $543,000 Waterfront (all districts) 16 $10,684,900 Total Greater Victoria 289 $157,013,655 Other Areas Malahat & Area 1 $329,900 Total Other Areas 1 $329,900 Total Condo Apartment 290 $157,343,555 Row/Townhouse l Greater Victoria Victoria 13 $10,088,200 Victoria West 9 $7,679,650 Esquimalt 2 $1,340,000 View Royal 2 $905,000 Saanich East 11 $8,894,795 Saanich West 12 $7,848,500 Central Saanich 3 $1,642,250 North Saanich 2 $1,713,000 Sidney 4 $2,414,500 Colwood 8 $5,398,745 Langford 24 $14,772,080 Sooke 9 $4,917,600 Gulf Islands 3 $1,956,900 Total Greater Victoria 102 $69,571,220 Total Row/Townhouse 102 $69,571,220 Page 2 of 4 Victoria Real Estate Board Multiple Listing Service ®
  • 21. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume February 2021 District Produced: 01-Mar-2021 Manufactured Home l Greater Victoria Victoria 1 $2,110,000 Victoria West 1 $176,000 View Royal 4 $669,000 Central Saanich 2 $662,500 Sidney 1 $485,000 Langford 2 $386,000 Sooke 6 $1,510,605 Gulf Islands 1 $232,696 Total Greater Victoria 18 $6,231,801 Total Manufactured Home 18 $6,231,801 Total Residential 800 $685,912,316 Page 3 of 4 Victoria Real Estate Board Multiple Listing Service ®
  • 22. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume February 2021 District Produced: 01-Mar-2021 $730,354,159 863 Grand Totals Other Property Lots & Acreage l Greater Victoria Victoria / Victoria West 2 $1,230,000 Oak Bay 1 $1,550,000 Saanich East 3 $2,250,900 Central Saanich 3 $1,455,000 North Saanich 5 $4,659,000 Highlands 1 $410,000 Colwood 2 $1,415,000 Langford 6 $4,008,295 Sooke 9 $3,029,000 Gulf Islands 9 $2,593,400 Total Greater Victoria 41 $22,600,595 Other Areas Malahat & Area 1 $811,000 Total Other Areas 1 $811,000 Total Lots & Acreage 42 $23,411,595 2 $2,312,500 Commercial Land l 19 $18,717,749 Other Commercial Properties l Page 4 of 4 Victoria Real Estate Board Multiple Listing Service ®
  • 23. Sales to Active Listings Ratio The ratio of counts of total residential sales over total active residential listings for the last 25 months February 2021 Produced: 01-Mar-2021 10% 20% 30% 40% 50% 60% 70% 80% 90% Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 The Sales to Active Listings Ratio This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months. The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is sustained downward pressure on prices, and a "sellers' market", where there is sustained upward pressure on prices. Based on a regression analysis performed by the Economics Department of the BC Real Estate Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be interpreted as follows: - below 14%, there is downward pressure on prices (buyers' market) - above 20%, there is upward pressure on prices (sellers' market) - in the 14-20% range, there is little pressure on prices either way (balanced market) Victoria Real Estate Board Multiple Listing Service ® Page 1 of 1
  • 24. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Single Family - Residential Units Listed 342 Units Sold 298 Sell/List Ratio 87 Sales Dollars $334,528,954 Average Price / Unit $1,122,580 Price Ratio 102 Days To Sell 27 Active Listings at Month End 256 % % 362 231 64 $197,152,861 $853,476 98 44 561 % % -6 29 70 32 -39 -54 % % % % % % 622 532 86 $595,521,335 $1,119,401 102 30 % % 666 391 59 $339,770,462 $868,978 98 51 % % -7 36 75 29 -41 % % % % % Single Family - Residential Waterfront Units Listed 29 Units Sold 23 Sell/List Ratio 79 Sales Dollars $40,356,500 Average Price / Unit $1,754,630 Price Ratio 99 Days To Sell 56 Active Listings at Month End 46 % % 38 16 42 $20,107,875 $1,256,742 98 49 130 % % -24 44 101 40 15 -65 % % % % % % 52 41 79 $82,545,900 $2,013,315 97 96 % % 66 28 42 $38,558,375 $1,377,085 95 98 % % -21 46 114 46 -2 % % % % % Single Family - Residential Acreage Units Listed 25 Units Sold 27 Sell/List Ratio 108 Sales Dollars $48,735,500 Average Price / Unit $1,805,019 Price Ratio 100 Days To Sell 36 Active Listings at Month End 50 % % 28 16 57 $17,308,800 $1,081,800 97 112 91 % % -11 69 182 67 -67 -45 % % % % % % 59 52 88 $89,939,800 $1,729,612 98 73 % % 55 35 64 $37,024,300 $1,057,837 95 99 % % 7 49 143 64 -26 % % % % % Condo Apartment Units Listed 356 Units Sold 290 Sell/List Ratio 81 Sales Dollars $157,343,555 Average Price / Unit $542,564 Price Ratio 99 Days To Sell 27 Active Listings at Month End 417 % % 318 175 55 $86,813,389 $496,077 99 37 549 % % 12 66 81 9 -28 -24 % % % % % % 679 506 75 $263,294,031 $520,344 99 35 % % 613 293 48 $145,012,524 $494,923 98 41 % % 11 73 82 5 -13 % % % % % Page 1 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 25. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Row/Townhouse Units Listed 114 Units Sold 102 Sell/List Ratio 89 Sales Dollars $69,571,220 Average Price / Unit $682,071 Price Ratio 102 Days To Sell 34 Active Listings at Month End 113 % % 129 78 60 $45,808,495 $587,288 99 53 202 % % -12 31 52 16 -35 -44 % % % % % % 233 167 72 $111,648,671 $668,555 102 33 % % 240 128 53 $76,966,767 $601,303 99 57 % % -3 30 45 11 -42 % % % % % Half Duplex (Up and Down) Units Listed 1 Units Sold 1 Sell/List Ratio 100 Sales Dollars $835,000 Average Price / Unit $835,000 Price Ratio 104 Days To Sell 4 Active Listings at Month End 1 % % 0 0 $0 2 % % -50 % % % % % % 2 2 100 $2,135,000 $1,067,500 98 21 % % 1 1 100 $321,000 $321,000 94 64 % % 100 100 565 233 -67 % % % % % Half Duplex (Side by Side) Units Listed 26 Units Sold 25 Sell/List Ratio 96 Sales Dollars $16,372,436 Average Price / Unit $654,897 Price Ratio 102 Days To Sell 19 Active Listings at Month End 24 % % 10 4 40 $2,479,000 $619,750 98 60 12 % % 160 525 560 6 -68 100 % % % % % % 48 41 85 $26,666,063 $650,392 102 31 % % 14 5 36 $3,264,000 $652,800 99 50 % % 243 720 717 0 -38 % % % % % Half Duplex (Front and Back) Units Listed 3 Units Sold 4 Sell/List Ratio 133 Sales Dollars $3,540,450 Average Price / Unit $885,113 Price Ratio 100 Days To Sell 19 Active Listings at Month End 2 % % 2 1 50 $800,000 $800,000 100 8 2 % % 50 300 343 11 131 0 % % % % % % 5 6 120 $5,092,350 $848,725 100 22 % % 4 4 100 $2,525,400 $631,350 99 42 % % 25 50 102 34 -48 % % % % % Page 2 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 26. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Recreational Units Listed 3 Units Sold 6 Sell/List Ratio 200 Sales Dollars $814,000 Average Price / Unit $135,667 Price Ratio 95 Days To Sell 179 Active Listings at Month End 7 % % 1 0 0 $0 13 % % 200 -46 % % % % % % 5 7 140 $1,113,000 $159,000 96 483 % % 3 2 67 $98,500 $49,250 90 251 % % 67 250 1030 223 92 % % % % % Manufactured Home Units Listed 16 Units Sold 18 Sell/List Ratio 113 Sales Dollars $6,231,801 Average Price / Unit $346,211 Price Ratio 96 Days To Sell 54 Active Listings at Month End 22 % % 17 8 47 $1,483,500 $185,438 95 34 36 % % -6 125 320 87 57 -39 % % % % % % 30 27 90 $9,206,301 $340,974 97 54 % % 35 20 57 $3,551,800 $177,590 95 67 % % -14 35 159 92 -19 % % % % % Residential Lots Units Listed 22 Units Sold 28 Sell/List Ratio 127 Sales Dollars $14,384,695 Average Price / Unit $513,739 Price Ratio 98 Days To Sell 133 Active Listings at Month End 52 % % 23 14 61 $8,298,074 $592,720 101 90 135 % % -4 100 73 -13 48 -61 % % % % % % 44 56 127 $24,937,495 $445,312 97 128 % % 58 27 47 $10,980,474 $406,684 100 180 % % -24 107 127 9 -29 % % % % % Residential Lots - Waterfront Units Listed 6 Units Sold 3 Sell/List Ratio 50 Sales Dollars $2,497,000 Average Price / Unit $832,333 Price Ratio 95 Days To Sell 598 Active Listings at Month End 14 % % 14 2 14 $1,603,125 $801,563 89 500 28 % % -57 50 56 4 20 -50 % % % % % % 11 11 100 $5,935,895 $539,627 98 308 % % 15 2 13 $1,603,125 $801,563 89 500 % % -27 450 270 -33 -38 % % % % % Page 3 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 27. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Residential Acreage Units Listed 9 Units Sold 9 Sell/List Ratio 100 Sales Dollars $5,405,900 Average Price / Unit $600,656 Price Ratio 97 Days To Sell 79 Active Listings at Month End 34 % % 18 2 11 $1,030,000 $515,000 94 188 80 % % -50 350 425 17 -58 -58 % % % % % % 21 21 100 $10,992,780 $523,466 97 106 % % 32 9 28 $8,239,000 $915,444 94 127 % % -34 133 33 -43 -16 % % % % % Residential Acreage - Waterfront Units Listed 3 Units Sold 2 Sell/List Ratio 67 Sales Dollars $1,124,000 Average Price / Unit $562,000 Price Ratio 95 Days To Sell 202 Active Listings at Month End 18 % % 3 3 100 $1,444,000 $481,333 92 122 22 % % 0 -33 -22 17 66 -18 % % % % % % 5 6 120 $3,735,000 $622,500 95 223 % % 6 4 67 $1,769,000 $442,250 94 95 % % -17 50 111 41 135 % % % % % Revenue - Duplex/Triplex Units Listed 12 Units Sold 6 Sell/List Ratio 50 Sales Dollars $7,582,900 Average Price / Unit $1,263,817 Price Ratio 98 Days To Sell 25 Active Listings at Month End 11 % % 10 3 30 $2,851,000 $950,333 104 11 8 % % 20 100 166 33 121 38 % % % % % % 15 6 40 $7,582,900 $1,263,817 98 25 % % 11 5 45 $4,671,000 $934,200 100 60 % % 36 20 62 35 -58 % % % % % Revenue - Multi Units Units Listed 5 Units Sold 5 Sell/List Ratio 100 Sales Dollars $10,602,000 Average Price / Unit $2,120,400 Price Ratio 102 Days To Sell 42 Active Listings at Month End 20 % % 3 0 0 $0 8 % % 67 150 % % % % % % 11 6 55 $12,452,000 $2,075,333 101 72 % % 4 0 0 $0 % % 175 % % % % % Page 4 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 28. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Revenue - Apartment Block Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 0 % % 3 0 0 $0 6 % % -100 -100 % % % % % % 0 0 $0 % % 4 1 25 $5,600,000 $5,600,000 95 114 % % -100 -100 -100 % % % % % Revenue - Commercial Units Listed 6 Units Sold 2 Sell/List Ratio 33 Sales Dollars $2,465,756 Average Price / Unit $1,232,878 Price Ratio 104 Days To Sell 123 Active Listings at Month End 37 % % 7 2 29 $1,665,000 $832,500 98 106 39 % % -14 0 48 48 16 -5 % % % % % % 10 2 20 $4,515,756 $2,257,878 101 99 % % 12 3 25 $1,904,900 $634,967 98 77 % % -17 -33 137 256 28 % % % % % Revenue - Industrial Units Listed 6 Units Sold 3 Sell/List Ratio 50 Sales Dollars $5,225,018 Average Price / Unit $1,741,673 Price Ratio 96 Days To Sell 72 Active Listings at Month End 8 % % 0 0 $0 1 % % 700 % % % % % % 9 6 67 $7,886,668 $1,314,445 97 47 % % 1 0 0 $0 % % 800 % % % % % Business with Land & Building Units Listed 2 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 4 % % 10 1 10 $4,500,000 $4,500,000 92 70 29 % % -80 -100 -100 -86 % % % % % % 2 0 0 $0 % % 18 5 28 $9,481,000 $1,896,200 89 258 % % -89 -100 -100 % % % % % Page 5 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 29. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Business Only Units Listed 4 Units Sold 2 Sell/List Ratio 50 Sales Dollars $424,000 Average Price / Unit $212,000 Price Ratio 82 Days To Sell 249 Active Listings at Month End 31 % % 16 2 13 $160,000 $80,000 91 51 67 % % -75 0 165 165 393 -54 % % % % % % 15 3 20 $491,500 $163,833 83 186 % % 29 5 17 $316,000 $63,200 83 111 % % -48 -40 56 159 68 % % % % % Motel/Hotel Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 0 % % 0 0 $0 3 % % -100 % % % % % % 0 0 $0 % % 1 0 0 $0 % % -100 % % % % % Lease - Office Units Listed 13 Units Sold 1 Sell/List Ratio 8 Sales Dollars $835 Average Price / Unit $835 Price Ratio 93 Days To Sell 26 Active Listings at Month End 83 % % 4 2 50 $40 $20 402 28 % % 225 -50 1988 4075 -94 196 % % % % % % 25 2 8 $1,774 $887 96 57 % % 10 2 20 $40 $20 402 % % 150 0 4335 4335 -86 % % % % % Lease - Retail Units Listed 7 Units Sold 6 Sell/List Ratio 86 Sales Dollars $140 Average Price / Unit $23 Price Ratio 96 Days To Sell 164 Active Listings at Month End 44 % % 3 3 100 $42 $14 437 22 % % 133 100 230 65 -62 100 % % % % % % 16 7 44 $8,390 $1,199 92 146 % % 9 4 44 $59 $15 351 % % 78 75 14161 8049 -58 % % % % % Page 6 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 30. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Lease - Warehouse Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 0 % % 0 0 $0 0 % % % % % % % % 0 0 $0 % % 0 0 $0 % % % % % % % Lease - Industrial Units Listed 5 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 9 % % 0 0 $0 0 % % % % % % % % 6 0 0 $0 % % 0 0 $0 % % % % % % % Lease - Other Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 4 % % 6 0 0 $0 36 % % -100 -89 % % % % % % 0 0 $0 % % 14 0 0 $0 % % -100 % % % % % Commercial Land Units Listed 0 Units Sold 2 Sell/List Ratio Sales Dollars $2,312,500 Average Price / Unit $1,156,250 Price Ratio 88 Days To Sell 529 Active Listings at Month End 11 % % 2 0 0 $0 17 % % -100 -35 % % % % % % 1 2 200 $2,312,500 $1,156,250 88 529 % % 7 0 0 $0 % % -86 % % % % % Page 7 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 31. Monthly Comparative Activity By Property Type Includes All MLS® Property Types February 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Mar-2021 Units Listed 1015 Units Sold 863 Sell/List Ratio 85 Sales Dollars $730,354,159 Average Price / Unit $846,297 Price Ratio 101 Days To Sell 40 Active Listings at Month End 1318 % % Grand Totals 1027 563 55 $393,505,201 $698,944 98 52 2127 % % -1 53 86 21 -24 -38 % % % % % % 1926 1509 78 $1,268,015,109 $840,302 100 47 % % 1928 974 51 $691,657,726 $710,121 98 61 % % 0 55 83 18 -23 % % % % % Page 8 of 8 Victoria Real Estate Board Multiple Listing Service ®