The Victoria real estate market saw a slight increase in home sales and inventory in October 2019 compared to the previous year. Total home sales increased 3.5% from October 2018 despite a 1.1% drop in condo sales. Active listings rose 5.3% year-over-year but inventory remains constrained, putting upward pressure on home prices in desirable areas and neighborhoods. The benchmark price of a single-family home in Victoria's core decreased 2.4% from October 2018 while the condo benchmark price rose 1.7% over the same period.

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
November 1, 2019
Victoria Real Estate market impacted by low inventory, consistent demand
A total of 619 properties sold in the Victoria Real Estate Board region this October, 3.5 per cent more
than the 598 properties sold in October 2018 and a 0.5 per cent increase from September 2019. Sales
of condominiums were down 1.1 per cent from October 2018 with 178 units sold. Sales of single family
homes increased 10 per cent from October 2018 with 318 sold.
“This month’s overall numbers are very similar to the numbers we saw last year," says Victoria Real
Estate Board President Cheryl Woolley. “It’s interesting that last month we saw a large uptick in condo
sales, but this month is fairly flat when compared to last year. This shows that we are not yet seeing a
trend in property types.”
There were 2,643 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of October 2019, a decrease of 6.4 per cent compared to the month of September, but a 5.3
per cent increase from the 2,510 active listings for sale at the end of October 2018.
“There has been a slight increase in our inventory from October last year,” adds Woolley. “The current
inventory is likely not enough for home buyers to feel they have a lot more to choose from - which in
turn puts pressure on pricing for homes in desirable locations and price points. It’s not uncommon to
see multiple offers in many of our market segments. Your local Realtor will be able to help you
understand the intricacies of our current market and what you can expect at the time you decide to
buy or sell a home."
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in October 2018 was $878,900. The benchmark value for the same home in October
2019 decreased by 2.4 per cent to $857,700, slightly more than September’s value of $846,500. The
MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2018 was
$503,200, while the benchmark value for the same condominium in October 2019 increased by 1.7
per cent to $511,600, the same as September’s value.
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 1,390 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.
Contact: Denise Hogue, Communications Manager - denise@vreb.org, 250-920-4652
PRESIDENT
Cheryl Woolley
PRESIDENT ELECT &
TREASURER
Sandi-Jo Ayers
PAST PRESIDENT
Kyle Kerr
DIRECTORS
Jackie Adkins
Sheila Aujla
Karen Dinnie-Smyth
David Langlois
Andrew Plank
Graden Sol
EXECUTIVE OFFICER
David Corey

2. 01-Nov-2019
October 2019Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
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$Average$
2019 - October
279
178
75
12
583
318
619
39
2,643
249
221
76
11
590
282
616
33
2,823
252
180
70
16
555
289
598
37
2,510
$920,058
$454,855
$622,860
$232,658
$891,710
$688,910
$822,450
$420,000
$580,000
$236,200
$799,500
$645,000
$905,964
$446,740
$588,287
$184,832
$887,663
$749,576
$820,000
$412,000
$546,975
$145,000
$799,900
$615,000
$921,133
$461,976
$638,160
$250,813
$883,987
$630,995
$829,000
$420,000
$578,500
$255,000
$799,900
$525,500
12.0%
-19.5%
-1.3%
9.1%
-1.2%
12.8%
0.5%
18.2%
-6.4%
10.7%
-1.1%
7.1%
-25.0%
5.0%
10.0%
3.5%
5.4%
5.3%
1.6%
1.8%
5.9%
25.9%
0.5%
-8.1%
-0.1%
-1.5%
-2.4%
-7.2%
0.9%
9.2%
0.3%
1.9%
6.0%
62.9%
-0.1%
4.9%
-0.8%
0.0%
0.3%
-7.4%
-0.1%
22.7%
2019 - September 2018 - October
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Active Listings: total listings on the market at midnight on the last day of the month
This Month Last Month This Month Last Year
1Victoria Real Estate Board Multiple Listing Service ®
October 2019
Statistics Package for Media
Victoria Real Estate Board October 2019 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. Friday, November 01, 2019
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 October 2019 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 October 2019 Statistics

5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board October 2019 Statistics

6. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
October 2019 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
$959,100 $958,100 $957,600
$951,800 $951,300
$940,100 $938,600
$933,100 $912,200$912,200
$895,900$875,400 $871,100 $864,400$858,900
$853,900 $852,600
$850,200
$849,100$838,600
$836,100
$833,800
$831,700 $829,500
$828,000
$823,900
$783,900
$778,800
$766,700
$766,600$765,600
$757,400$756,300 $756,000
$755,700
$755,100
$754,400$754,400
$753,800
$751,300
$747,800
$744,900 $744,600$744,200 $742,800
$742,400
$741,900
$735,700
$734,600
$734,400
$734,200
$699,200$698,200
$682,300
$679,600
$676,600$673,200
$672,500
$671,600 $669,300
$665,800
$665,600
$665,600
$665,200$657,300
$656,400
$652,600
$650,500
$650,500
$650,300
$649,200
$641,400
$640,900
$640,600
$638,100
$637,500
$630,400
$630,200
$628,400
$628,200
$613,800
$611,600
$602,200
$585,400
$582,200 $580,800
$579,900
$577,500
$576,800
$571,800 $567,800 $558,500
$557,800
$552,000
$551,400
$544,100 $543,300$542,500 $539,300
$537,300
$525,200$517,900
$514,400
$513,900
$510,700
$509,800$504,500
$496,300
$487,300
$479,900
$478,400
$455,400
$447,100
$442,700
$441,300
$437,700
$425,600
$419,600
$413,200
$408,700
$394,500
$387,300
$371,000
$370,800
$356,900
$356,300
$347,200
$343,000
$332,600
$330,500
$329,900
$321,500
$308,000
$292,400
$291,500
$284,200
$282,300
$264,900
$1,286,600$1,212,600$1,184,500$1,177,900 $1,155,800 $1,093,400
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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
October 2019 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
240.1 238.1236.9234.2
233.1
229.3
229.1
228.9
228.7228.7
227.5
227.1
226.7
225.5
224.8
224.3 223.7
223.2
222.6
222.2
221.9
220.8
220.8
220.5
219.7
219.1
219.1
217.7
217.5 217.1
215.6
214.8
214.6
213.7
213.4
212.6212.3 212.2
211.4
211.2
210.9
210.8
210.2209.9
209.4
209.2
209.0 208.9
208.7 208.6208.5
208.4
208.1
207.1
207.0
206.2
206.0
205.7
205.4 205.1
204.9
204.8
204.6
204.2
203.6
202.5
202.3
201.9 201.2
201.1
200.3200.3
200.1
199.3
198.7
198.4
198.1
197.8
197.5
196.8 196.6 196.5
195.1 194.8
194.0
194.0
192.9 192.6
191.6
190.5
190.5
189.2
183.8
180.4
180.2
179.9
179.7
177.7 174.9173.1
169.9
167.8
167.7
165.8
161.3
156.3
156.0
146.2
145.5
144.9
144.1
143.8
143.5
141.1
139.3
138.2
137.8
137.7
137.6
134.4
134.3
132.9
131.4
129.5
128.9
113.4 100.0
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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
October 2019 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
$793,000 $790,000 $786,900$779,800 $774,100 $666,700
$618,200 $617,700$599,500 $594,100 $577,200
$511,000 $502,400$501,000$500,300
$499,300$497,800 $497,200
$494,800
$492,800 $490,000
$489,600
$488,800
$488,600
$488,500
$486,400
$483,100
$480,500 $476,100
$475,100
$474,400
$474,300
$473,400$470,500
$468,400$468,200 $462,100
$448,400 $448,100$445,700 $442,100 $435,800
$429,800$429,700$429,300$427,700
$426,400 $424,900 $424,600 $422,800 $422,600
$421,600
$404,800$399,300$398,100$396,800 $396,700
$394,500
$382,900
$375,400
$364,800 $363,400$360,600 $356,700
$351,800
$350,200
$338,900
$338,800
$328,800
$318,300
$317,500
$315,700
$315,600
$306,800
$299,300
$299,200
$296,400
$296,300
$284,600
$277,200
$272,500
$255,700
$253,000
$252,500
$249,700
$247,900
$210,400
$205,500
$205,300
$201,800
$191,100
$179,300
$176,600
$169,700
$162,500
$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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
October 2019 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
264.3 264.1262.7
262.4 261.5 261.3
260.6
260.2 260.1
256.9
255.6
248.7
248.6245.1245.0
244.5
244.3 244.1
243.8243.5
242.6 242.1
241.8
240.8
239.7239.6239.4238.5
238.1
238.1
237.3
236.9
236.6 236.3
235.9
235.3
235.1
235.0
234.8
234.3
234.2
234.1
233.4
233.2
232.9
232.3
231.6
231.1 230.6
230.2
229.2
229.2
229.1
228.5
228.1
226.1225.4
224.9
224.7 224.6
197.0
196.8
195.9
186.1
184.1
182.7
182.0
176.0
169.4
165.1
164.2
162.9
155.9
154.6
153.7
150.9
146.1
144.4
144.2
143.6
143.0
142.6
141.0
118.3
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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
October 2019 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
$749,200$735,200$725,600 $723,900$718,800
$675,700$671,200$661,100 $658,600
$635,700
$632,900$632,600 $632,100$631,800
$631,600
$631,500
$626,700
$625,700
$623,700
$623,500
$622,700
$621,000 $619,000$610,500
$607,900
$606,600
$602,800
$602,200 $601,900
$599,200
$594,300 $593,100
$590,600
$587,200
$586,000 $578,800
$578,500$572,600
$571,800
$567,500
$566,900
$566,700
$561,000$555,800
$554,200
$552,100
$546,000
$545,500
$534,900
$532,300
$529,800
$525,200
$521,300
$520,500
$518,400
$515,300
$511,100 $509,300
$508,500
$505,500
$502,400$502,100 $497,400$496,600
$496,200
$493,600
$490,600
$487,600
$487,300
$485,600
$483,400
$480,600
$476,800
$474,700
$473,700
$471,700$468,100$463,500$455,500
$434,300
$424,400
$419,400
$414,700
$412,000
$409,200
$404,800
$399,600
$394,900
$393,300
$390,100
$379,200
$377,900
$353,100
$344,100
$341,000
$337,600
$336,800
$334,600
$331,300
$319,800
$287,700
$281,400
$269,600
$268,800
$266,100
$261,500
$256,100
$250,100
$247,600
$245,500
$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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
October 2019 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
272.9271.1267.0 266.0 255.1
250.2 249.3 248.3 247.5244.1
241.8 239.0236.8 235.2
229.1
227.9
225.7
223.6
222.9
222.2
220.0219.9 219.7
219.7
219.6219.5
219.1
218.0
217.1
216.8
215.6
215.3
214.6
214.3
214.0 213.9
212.8
212.7
212.4
212.3
212.0
211.2
210.9
210.8
210.8
210.2
210.2
209.9
208.7
205.9
199.1
196.8
192.1
192.1
192.0
191.4
190.2
190.0
189.9
189.4
187.6
187.3 186.4 186.1
185.5
185.4184.2182.8
181.7
181.2
181.0
179.3
179.2
178.8
178.7
177.9
177.9
176.9
173.3
171.4
166.4
153.8
151.1
151.0
148.3
148.1
147.5
146.6
146.3
144.7
142.4
142.0
139.2
137.5
132.7
126.7
124.9
121.0
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
Townhouse (Twn)

12. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
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
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
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

13. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
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
Benchmark Price ($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
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
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

14. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
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
Benchmark Price ($)
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
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
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

15. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
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
Benchmark Price ($)
200,000
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
Multiple values
HPI or Benchmark Price
HPI
Benchmark Price
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

16. Monthly Sales Summary
Friday, November 1, 2019
Units Total Volume
October 2019
Region
District
Residential
Single Familyl
Greater Victoria
Victoria 33 $30,537,750
Victoria West 1 $699,900
Oak Bay 26 $32,905,800
Esquimalt 9 $6,728,000
View Royal 5 $3,409,227
Saanich East 57 $51,783,050
Saanich West 18 $14,113,500
Central Saanich 8 $8,139,500
North Saanich 16 $14,871,536
Sidney 11 $8,530,000
Colwood 17 $13,062,500
Langford 33 $25,350,160
Metchosin 4 $5,378,750
Sooke 24 $14,609,000
Waterfront (all districts) 17 $26,577,500
Total Greater Victoria 279 $256,696,173
Other Areas
Shawnigan Lake / Malahat 7 $3,836,000
Gulf Islands 16 $11,277,500
UpIsland / Mainland 11 $6,288,500
Waterfront (all districts) 5 $5,465,500
Total Other Areas 39 $26,867,500
Total Single Family 318 $283,563,673
Condo Apartmentl
Greater Victoria
Victoria 77 $34,327,350
Victoria West 8 $4,376,000
Oak Bay 2 $806,000
Esquimalt 7 $2,468,300
View Royal 13 $5,688,795
Saanich East 28 $14,241,400
Saanich West 9 $4,842,000
Central Saanich 4 $1,680,300
Sidney 5 $2,796,900
Colwood 4 $1,829,000
Langford 16 $6,540,100
Waterfront (all districts) 4 $1,196,000
Total Greater Victoria 177 $80,792,145
Other Areas
UpIsland / Mainland 1 $172,000
Total Other Areas 1 $172,000
Total Condo Apartment 178 $80,964,145
1
Victoria Real Estate Board Multiple Listing Service ®

17. Monthly Sales Summary
Friday, November 1, 2019
Units Total Volume
October 2019
Region
District
Row/Townhousel
Greater Victoria
Victoria 22 $15,311,400
Victoria West 2 $1,147,000
Esquimalt 2 $950,000
View Royal 3 $1,924,900
Saanich East 10 $8,011,613
Saanich West 8 $4,743,500
Central Saanich 2 $1,182,800
Sidney 8 $4,312,900
Colwood 5 $2,686,400
Langford 8 $4,045,400
Sooke 2 $1,004,100
Waterfront (all districts) 2 $1,089,500
Total Greater Victoria 74 $46,409,513
Other Areas
UpIsland / Mainland 1 $305,000
Total Other Areas 1 $305,000
Total Row/Townhouse 75 $46,714,513
Manufactured Homel
Greater Victoria
View Royal 4 $985,500
Central Saanich 5 $1,417,400
Langford 1 $154,000
Sooke 2 $235,000
Total Greater Victoria 12 $2,791,900
Total Manufactured Home 12 $2,791,900
Total Residential 583 $414,034,231
2
Victoria Real Estate Board Multiple Listing Service ®

18. Monthly Sales Summary
Friday, November 1, 2019
Units Total Volume
October 2019
Region
District
Grand Totals 619 $430,051,053
2 $1,244,500Commercial Landl
15 $9,061,077Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
Langford 4 $1,606,045
Metchosin 1 $875,000
Sooke 8 $1,785,700
Total Greater Victoria 13 $4,266,745
Other Areas
Gulf Islands 6 $1,444,500
Total Other Areas 6 $1,444,500
Total Lots & Acreage (Incl Wtrfrnt) 19 $5,711,245
3
Victoria Real Estate Board Multiple Listing Service ®

19. Active Listings, New Listings and Sales October 2019
Friday, November 01, 2019
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
3,000
3,200
3,400
3,600
3,800
4,000
Oct2017
Nov2017
Dec2017
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Total Active MLS® Listings
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Oct2017
Nov2017
Dec2017
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Total New MLS® Listings and Total MLS® Sales
Listings Sales
Victoria Real Estate Board Multiple Listing Service ®

20. Sales to Active Listings Ratio October 2019
Friday, November 01, 2019
10%
20%
30%
40%
50%
60%
70%
80%
90%
Oct2017
Nov2017
Dec2017
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Victoria Real Estate Board Multiple Listing Service ®
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)

21. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Single Family - Residential
Units Listed 353
Units Sold 264
Sell/List Ratio 75
Sales Dollars $221,589,523
Average Price / Unit $839,354
Price Ratio 98
Days To Sell 52
Active Listings at Month End 816
%
%
405
244
60
$205,558,062
$842,451
98
40
885
%
%
-13
8
8
0
30
-8
%
%
%
%
%
%
4716
2692
57
$2,223,835,865
$826,091
98
42
%
%
4781
2658
56
$2,243,177,406
$843,934
99
34
%
%
-1
1
-1
-2
25
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 27
Units Sold 22
Sell/List Ratio 81
Sales Dollars $32,043,000
Average Price / Unit $1,456,500
Price Ratio 95
Days To Sell 92
Active Listings at Month End 171
%
%
30
14
47
$24,914,297
$1,779,593
89
65
147
%
%
-10
57
29
-18
42
16
%
%
%
%
%
%
412
162
39
$214,755,532
$1,325,651
95
87
%
%
392
149
38
$243,924,138
$1,637,075
94
71
%
%
5
9
-12
-19
23
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 40
Units Sold 21
Sell/List Ratio 53
Sales Dollars $20,545,650
Average Price / Unit $978,364
Price Ratio 96
Days To Sell 94
Active Listings at Month End 167
%
%
38
22
58
$18,964,000
$862,000
96
54
143
%
%
5
-5
8
13
73
17
%
%
%
%
%
%
479
222
46
$212,595,041
$957,635
96
76
%
%
498
260
52
$253,168,283
$973,724
97
57
%
%
-4
-15
-16
-2
33
%
%
%
%
%
Condo Apartment
Units Listed 276
Units Sold 178
Sell/List Ratio 64
Sales Dollars $80,964,145
Average Price / Unit $454,855
Price Ratio 98
Days To Sell 45
Active Listings at Month End 578
%
%
253
180
71
$83,155,700
$461,976
98
33
405
%
%
9
-1
-3
-2
37
43
%
%
%
%
%
%
3128
1916
61
$889,736,373
$464,372
98
40
%
%
2785
1907
68
$889,481,768
$466,430
99
27
%
%
12
0
0
0
48
%
%
%
%
%
1Victoria Real Estate Board Multiple Listing Service ®

22. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Row/Townhouse
Units Listed 102
Units Sold 75
Sell/List Ratio 74
Sales Dollars $46,714,513
Average Price / Unit $622,860
Price Ratio 98
Days To Sell 45
Active Listings at Month End 238
%
%
105
70
67
$44,671,200
$638,160
98
52
211
%
%
-3
7
5
-2
-14
13
%
%
%
%
%
%
1245
706
57
$427,658,551
$605,749
98
39
%
%
1076
713
66
$422,865,763
$593,080
100
35
%
%
16
-1
1
2
11
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $642,500
Average Price / Unit $642,500
Price Ratio 98
Days To Sell 52
Active Listings at Month End 2
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
3
1
33
$642,500
$642,500
98
52
%
%
4
3
75
$1,427,000
$475,667
101
17
%
%
-25
-67
-55
35
200
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 7
Units Sold 2
Sell/List Ratio 29
Sales Dollars $1,148,000
Average Price / Unit $574,000
Price Ratio 95
Days To Sell 47
Active Listings at Month End 15
%
%
13
4
31
$3,022,400
$755,600
97
25
23
%
%
-46
-50
-62
-24
90
-35
%
%
%
%
%
%
106
65
61
$39,913,840
$614,059
98
46
%
%
136
84
62
$52,758,000
$628,071
100
34
%
%
-22
-23
-24
-2
35
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Sales Dollars $1,349,000
Average Price / Unit $674,500
Price Ratio 105
Days To Sell 50
Active Listings at Month End 6
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
34
21
62
$14,391,800
$685,324
99
41
%
%
18
16
89
$9,714,795
$607,175
100
24
%
%
89
31
48
13
72
%
%
%
%
%
2Victoria Real Estate Board Multiple Listing Service ®

23. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Recreational
Units Listed 2
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 17
%
%
1
2
200
$243,500
$121,750
91
84
16
%
%
100
-100
-100
6
%
%
%
%
%
%
36
17
47
$2,097,600
$123,388
93
85
%
%
31
21
68
$2,231,400
$106,257
94
144
%
%
16
-19
-6
16
-41
%
%
%
%
%
Manufactured Home
Units Listed 19
Units Sold 12
Sell/List Ratio 63
Sales Dollars $2,791,900
Average Price / Unit $232,658
Price Ratio 97
Days To Sell 47
Active Listings at Month End 46
%
%
12
16
133
$4,013,000
$250,813
97
32
46
%
%
58
-25
-30
-7
46
0
%
%
%
%
%
%
200
139
70
$29,251,337
$210,441
95
53
%
%
188
129
69
$31,305,000
$242,674
98
45
%
%
6
8
-7
-13
18
%
%
%
%
%
Residential Lot
Units Listed 18
Units Sold 12
Sell/List Ratio 67
Sales Dollars $2,983,745
Average Price / Unit $248,645
Price Ratio 98
Days To Sell 195
Active Listings at Month End 175
%
%
29
12
41
$2,956,600
$246,383
97
87
218
%
%
-38
0
1
1
125
-20
%
%
%
%
%
%
347
126
36
$39,613,280
$314,391
95
136
%
%
392
95
24
$31,430,598
$330,848
97
124
%
%
-11
33
26
-5
9
%
%
%
%
%
Residential Lot - Waterfront
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 27
%
%
3
4
133
$1,044,800
$261,200
97
52
21
%
%
-100
-100
-100
29
%
%
%
%
%
%
40
10
25
$6,115,944
$611,594
95
269
%
%
45
21
47
$13,921,500
$662,929
95
55
%
%
-11
-52
-56
-8
386
%
%
%
%
%
3Victoria Real Estate Board Multiple Listing Service ®

24. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Residential Acreage
Units Listed 10
Units Sold 6
Sell/List Ratio 60
Sales Dollars $1,852,500
Average Price / Unit $308,750
Price Ratio 93
Days To Sell 146
Active Listings at Month End 88
%
%
12
6
50
$2,738,000
$456,333
95
186
92
%
%
-17
0
-32
-32
-22
-4
%
%
%
%
%
%
138
47
34
$23,541,500
$500,883
93
140
%
%
170
73
43
$32,528,788
$445,600
93
134
%
%
-19
-36
-28
12
5
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Sales Dollars $875,000
Average Price / Unit $875,000
Price Ratio 97
Days To Sell 260
Active Listings at Month End 33
%
%
1
2
200
$835,000
$417,500
80
451
30
%
%
500
-50
5
110
-42
10
%
%
%
%
%
%
41
11
27
$18,455,000
$1,677,727
96
244
%
%
51
18
35
$15,885,000
$882,500
92
167
%
%
-20
-39
16
90
46
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 6
Sell/List Ratio 200
Sales Dollars $6,246,000
Average Price / Unit $1,041,000
Price Ratio 98
Days To Sell 31
Active Listings at Month End 14
%
%
6
3
50
$2,770,000
$923,333
93
37
12
%
%
-50
100
125
13
-18
17
%
%
%
%
%
%
43
20
47
$18,506,300
$925,315
97
42
%
%
63
23
37
$23,330,400
$1,014,365
96
39
%
%
-32
-13
-21
-9
7
%
%
%
%
%
Revenue - Multi Unit
Units Listed 4
Units Sold 3
Sell/List Ratio 75
Sales Dollars $3,865,000
Average Price / Unit $1,288,333
Price Ratio 90
Days To Sell 48
Active Listings at Month End 6
%
%
2
1
50
$1,750,000
$1,750,000
92
194
14
%
%
100
200
121
-26
-75
-57
%
%
%
%
%
%
19
8
42
$11,503,000
$1,437,875
94
66
%
%
27
6
22
$10,745,000
$1,790,833
98
68
%
%
-30
33
7
-20
-3
%
%
%
%
%
4Victoria Real Estate Board Multiple Listing Service ®

25. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Revenue - Apartment Block
Units Listed 2
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 5
%
%
0
0
$0
6
%
%
-17
%
%
%
%
%
%
11
3
27
$11,280,000
$3,760,000
93
89
%
%
12
4
33
$8,910,000
$2,227,500
97
53
%
%
-8
-25
27
69
70
%
%
%
%
%
Revenue - Commercial
Units Listed 11
Units Sold 3
Sell/List Ratio 27
Sales Dollars $2,980,000
Average Price / Unit $993,333
Price Ratio 93
Days To Sell 87
Active Listings at Month End 49
%
%
4
2
50
$4,410,000
$2,205,000
101
111
31
%
%
175
50
-32
-55
-22
58
%
%
%
%
%
%
82
27
33
$20,864,120
$772,745
95
98
%
%
50
16
32
$98,896,876
$6,181,055
464
230
%
%
64
69
-79
-87
-57
%
%
%
%
%
Revenue - Industrial
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 1
%
%
0
0
$0
1
%
%
0
%
%
%
%
%
%
2
1
50
$249,000
$249,000
100
21
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Business with Land & Building
Units Listed 2
Units Sold 2
Sell/List Ratio 100
Sales Dollars $1,712,000
Average Price / Unit $856,000
Price Ratio 98
Days To Sell 103
Active Listings at Month End 28
%
%
5
4
80
$3,375,027
$843,757
94
95
27
%
%
-60
-50
-49
1
8
4
%
%
%
%
%
%
47
14
30
$8,482,107
$605,865
104
127
%
%
54
28
52
$24,219,050
$864,966
96
133
%
%
-13
-50
-65
-30
-4
%
%
%
%
%
5Victoria Real Estate Board Multiple Listing Service ®

26. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Business Only
Units Listed 18
Units Sold 3
Sell/List Ratio 17
Sales Dollars $504,000
Average Price / Unit $168,000
Price Ratio 82
Days To Sell 98
Active Listings at Month End 71
%
%
19
4
21
$198,000
$49,500
69
123
86
%
%
-5
-25
155
239
-20
-17
%
%
%
%
%
%
125
27
22
$2,412,500
$89,352
75
120
%
%
146
27
18
$2,262,805
$83,808
76
85
%
%
-14
0
7
7
40
%
%
%
%
%
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 2
%
%
0
0
$0
1
%
%
100
%
%
%
%
%
%
2
0
0
$0
%
%
2
0
0
$0
%
%
0 %
%
%
%
%
Lease - Office
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $12
Average Price / Unit $12
Price Ratio
Days To Sell 65
Active Listings at Month End 23
%
%
9
1
11
$17
$17
567
33
%
%
-89
0
-29
-29
-89
-30
%
%
%
%
%
%
41
11
27
$212
$19
172
%
%
45
8
18
$1,616
$202
108
197
%
%
-9
38
-87
-90
-13
%
%
%
%
%
Lease - Retail
Units Listed 4
Units Sold 1
Sell/List Ratio 25
Sales Dollars $26
Average Price / Unit $26
Price Ratio
Days To Sell 533
Active Listings at Month End 25
%
%
3
1
33
$19
$19
63
18
%
%
33
0
37
37
746
39
%
%
%
%
%
%
37
9
24
$199
$22
4
163
%
%
24
4
17
$2,348
$587
102
126
%
%
54
125
-92
-96
30
%
%
%
%
%
6Victoria Real Estate Board Multiple Listing Service ®

27. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
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 1
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
1
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Industrial
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
2
$31
$15
2
100
0
%
%
-100
-100
%
%
%
%
%
%
1
1
100
$9
$9
45
%
%
2
2
100
$31
$15
2
100
%
%
-50
-50
-70
-40
-55
%
%
%
%
%
Lease - Other
Units Listed 2
Units Sold 2
Sell/List Ratio 100
Sales Dollars $39
Average Price / Unit $20
Price Ratio
Days To Sell 341
Active Listings at Month End 22
%
%
5
4
80
$6,914
$1,729
100
85
29
%
%
-60
-50
-99
-99
304
-24
%
%
%
%
%
%
42
15
36
$298
$20
188
%
%
43
11
26
$400,206
$36,382
4063
114
%
%
-2
36
-100
-100
65
%
%
%
%
%
Commercial Land
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Sales Dollars $1,244,500
Average Price / Unit $622,250
Price Ratio 96
Days To Sell 131
Active Listings at Month End 17
%
%
3
0
0
$0
15
%
%
67
13
%
%
%
%
%
%
30
5
17
$3,084,500
$616,900
90
156
%
%
21
1
5
$1,400,000
$1,400,000
93
48
%
%
43
400
120
-56
225
%
%
%
%
%
7Victoria Real Estate Board Multiple Listing Service ®

28. Monthly Comparative Activity By Property Type
November 1, 2019
October 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Units Listed 918
Units Sold 619
Sell/List Ratio 67
Sales Dollars $430,051,053
Average Price / Unit $694,751
Price Ratio 98
Days To Sell 58
Active Listings at Month End 2643
%
%
Grand Totals
958
598
62
$404,626,566
$676,633
97
47
2510
%
%
-4
4
6
3
24
5
%
%
%
%
%
%
11408
6276
55
$4,218,986,407
$672,241
98
49
%
%
11057
6277
57
$4,413,987,771
$703,200
100
39
%
%
3
0
-4
-4
25
%
%
%
%
%
8Victoria Real Estate Board Multiple Listing Service ®