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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
Dec 1, 2021
No change on the horizon for the Victoria real estate market
A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer
than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of
October. 236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single
family homes sold, 18.6 per cent fewer than in the previous month of October.
"Strong demand for housing in our community continues to exceed the ultra-low number of listings of
homes available for sale,” said Victoria Real Estate Board President David Langlois. “This demand creates
competition and pressure on pricing and we continue to see home values notch up. At this moment in time,
there are fewer than 600 residential properties for sale in our market.”
There were 887 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the
end of November 2021, 51.1 per cent fewer properties than the 1,813 available at the end of November
2020 and 14.4 per cent fewer properties than the 1,036 active listings for sale at the end of October 2021.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria
Core in November 2020 was $903,700. The benchmark value for the same home in November 2021
increased by 24.2 per cent to $1,122,600, a 1.7 per cent increase from the previous month of October. The
MLS® HPI benchmark value for a condominium in the Victoria Core in November 2020 was $485,100,
while the benchmark value for the same condominium in November 2021 increased by 15.6 per cent to
$560,700.
“Only with strong measures around supply will we see a lift in the pressures on our housing market,” added
President Langlois. “Governments continue to try to intervene by using demand side measures, such as
the province announcing their plan to introduce a ‘cooling off’ period for resale homes. This concept
was delivered without industry consultation or supporting data. Introducing measures that add uncertainty
to the marketplace fails to address the issues of supply and attainability in our community - and
threatens to make the supply situation worse. A cooling-off period will not increase consumer protection - in
fact many of the unintended consequences of such a policy could decrease protection for both buyers and
sellers. The housing market is complex and policy must be evidence-based and designed for all types of
markets – not to react to a moment in time. The government needs to sharpen their focus on the issue that
has been documented for years – that a consistent delay in the delivery of homes to meet the needs of our
growing population has created housing gridlock.”
About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and
innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,527 local Realtors. If you
are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.
PRESIDENT
David Langlois
PRESIDENT ELECT
Karen Dinnie-Smyth
TREASURER
Patrick Novotny
PAST PRESIDENT
Sandi-Jo Ayers
DIRECTORS
Sheila Aujla
Robert Cole
Laurie Lidstone
Jackie Ngai
Graden Sol
EXECUTIVE OFFICER
David Corey
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$
Average$
LY%
LM% LY%
LM% LY%
LM% Units Median$
Average$ Units Median$
Average$
November 2021
262
236
76
12
600
276
653
14
887
330
249
90
17
695
339
745
9
1,036
361
262
99
13
749
375
795
14
1,813
$1,344,918
$648,867
$807,289
$275,858
$1,330,251
$1,055,764
$1,245,000
$585,000
$800,536
$273,450
$1,235,000
$842,450
$1,327,228
$620,859
$855,894
$404,859
$1,311,271
$726,200
$1,211,000
$545,895
$797,895
$275,000
$1,202,500
$999,500
$1,100,049
$469,483
$667,142
$248,162
$1,091,019
$858,171
$909,900
$428,500
$605,700
$232,500
$907,000
$885,000
-20.6%
-5.2%
-15.6%
-29.4%
-13.7%
-18.6%
-12.3%
55.6%
-14.4%
-27.4%
-9.9%
-23.2%
-7.7%
-19.9%
-26.4%
-17.9%
0.0%
-51.1%
1.3%
4.5%
-5.7%
-31.9%
1.4%
45.4%
22.3%
38.2%
21.0%
11.2%
21.9%
23.0%
2.8%
7.2%
0.3%
-0.6%
2.7%
-15.7%
36.8%
36.5%
32.2%
17.6%
36.2%
-4.8%
October 2021 November 2020
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: 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-Dec-2021
November 2021
Previous Periods Comparison
This Month Last Year
Page 1 of 1
Victoria Real Estate Board Multiple Listing Service ®
November 2021
Statistics Package for Media
Victoria Real Estate Board November 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-Dec-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 November 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 fifteen 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 November 2021 Statistics
MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board November 2021 Statistics
12	Months	Ago
%	Difference	from	12	Months	Ago	(October	2020	to	October	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
14.9%
14.4%
17.0%
16.0%
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
November	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
$995,300
$990,300
$986,300
$978,100
$977,000
$975,700
$967,300
$965,700
$964,600
$952,000
$943,600
$943,000
$937,600
$935,200
$933,700
$921,600
$919,000
$916,600
$916,600
$910,900
$906,100
$904,200
$902,900
$902,600
$901,700
$887,000
$882,100
$878,000
$872,800
$871,900
$870,300
$867,000
$855,600
$850,000
$845,600
$844,900
$844,300
$838,000
$834,700
$829,000
$828,800
$825,200
$821,200
$814,400
$808,300
$799,500
$796,900 $786,300
$783,100
$781,300
$779,800
$767,900
$762,900
$757,600
$753,000
$749,600
$746,800
$733,600
$729,000
$720,700
$715,400
$711,800
$682,200
$680,900
$677,300
$677,000
$673,700
$672,900
$667,800
$656,400
$652,300
$649,100
$642,200
$629,600
$627,400
$624,400
$612,400
$580,400
$579,000
$578,900
$569,300
$557,500
$552,000
$528,400
$522,800
$518,000
$493,000
$487,900
$485,600
$455,400
$442,600
$420,300
$394,500
$370,800
$360,800
$358,000
$357,400
$349,200
$332,600
$329,100
$316,500
$308,000
$292,400
$284,200
$282,300
$271,500
$265,000
$1,575,300 $1,537,200 $1,527,300 $1,422,900
$1,358,200
$1,349,400
$1,348,600
$1,335,600
$1,330,100 $1,314,900
$1,287,800 $1,257,800
$1,245,200
$1,241,300
$1,237,700
$1,231,000
$1,208,400
$1,138,600
$1,135,700
$1,120,000 $1,105,800
$1,090,800
$1,076,900
$1,063,300
$1,052,900
$1,052,600
$1,046,800
$1,045,200
$1,040,700
$1,033,800 $1,027,800 $1,022,600
$1,021,400
$1,012,800
$1,010,100
$1,005,600
$1,002,600
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
November	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
339.8 329.9 320.5 317.7
308.7
307.3
306.9
305.2
303.1
300.9
300.7
300.3
299.1
297.6
297.5
296.7
295.5
293.9
293.7
292.9
291.2
290.7
290.7
290.0
288.6
288.0
287.1
286.6
286.2
285.4
285.3
285.0
284.9
283.9
282.8
281.5
280.9
280.7
280.3
278.8
278.5
278.5
277.2
276.7
276.4
276.2
275.8
275.5
275.5
273.7
273.0
272.6
272.4
271.8
270.9
270.2
270.2
269.5
268.6
268.4
266.8
263.5
263.4
262.4
259.6
257.8
252.3
251.3 249.5
249.4
247.9
246.5
245.6
245.1
238.2
236.4
236.3
235.6
234.7
232.3
231.8
231.1
229.4
229.2
228.8
225.6
225.6
225.1
224.9
224.5
224.5
223.6
223.3
218.6
216.6
215.8
213.1
212.0
211.0
205.1
204.7
203.7
203.7
201.8
199.4
198.5
198.4
197.7
196.6
195.1
194.7
192.6
191.3
188.5
183.9
183.4
181.3
178.9
173.3
168.2
168.1
167.6
164.6
158.6
156.8
132.9 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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
November	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
Sooke	–	Con
Langford	–	Con
Colwood	–	Con
North	Saanich	–	Con
Sidney	–	Con
Central	Saanich	–	Con
$747,900
$739,900 $717,500 $706,600
$704,400 $695,300
$690,000 $682,000
$681,700
$672,300
$662,300
$649,100
$636,300 $631,800
$630,200
$585,600
$564,600
$557,800
$556,300
$555,400
$552,700
$549,000
$548,000
$547,900
$546,500
$538,800
$538,300
$537,000
$525,900
$524,100
$521,500
$521,000
$516,000
$513,500
$510,200 $507,000
$505,200
$504,900
$503,800
$498,100 $497,700
$495,500
$495,400
$491,500
$488,800
$486,400
$485,600
$480,200
$480,000
$478,200
$477,900
$475,400
$474,400
$471,200
$470,800
$464,400
$463,300
$460,800
$458,200
$457,100
$456,200
$454,900
$446,700
$446,400
$433,000
$427,000
$426,500
$421,500
$420,700
$414,800
$412,100
$410,800
$410,400
$407,300
$405,300
$402,700
$383,900
$383,000
$383,000
$378,600
$377,400
$369,600
$353,400
$350,600
$347,900
$347,200
$345,800
$331,800
$322,700
$322,300
$306,800
$302,100
$302,000
$293,700
$292,600
$280,400
$276,900
$266,900
$242,200
$238,700
$205,900
$203,900
$201,600
$200,600
$190,600
$188,800
$160,600
$159,100
$155,000
$147,900
$129,900
$122,100
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
November	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
Sooke	–	Con
Langford	–	Con
Colwood	–	Con
North	Saanich	–	Con
Sidney	–	Con
Central	Saanich	–	Con
345.0 342.8 330.5
325.1
317.5
317.2
316.1
315.8
314.0
313.6
311.9
311.4
310.0
306.8
302.9
302.6
302.4
301.8
298.9
295.7
295.4
295.1
294.2
291.3
290.3
285.9
285.6
285.4
285.0
284.3
284.1
282.4
280.2
280.0
277.2
276.0
275.9
275.9
273.6
271.7
271.5
270.7
269.8
268.8
268.4
266.6
266.6 265.4
264.7
264.7
260.8
259.9
259.9
259.0
258.3
255.2
253.3
251.7
251.2
249.4
249.2
248.3
248.3
248.1
248.1
247.2
247.0
246.3
245.4
242.8
238.5
237.0
236.5
236.1
234.4
233.7
229.6
223.8
222.7
222.0
221.4
212.6
211.5 199.6
198.6
194.9
189.9
186.4
185.6
185.4
184.3
182.2
181.4
171.5
167.0
165.4
156.5
147.1
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
–	Condo	Apartment	(Con)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
November	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 $922,300 $889,600
$874,400
$873,900
$867,100 $835,500
$830,600
$818,100
$814,600
$814,500
$807,400
$803,300
$802,400
$800,900
$794,900
$793,500
$792,500
$789,500
$777,200
$770,500
$766,100
$764,600
$750,200
$748,100
$746,000 $741,500
$741,400
$734,300
$725,400
$716,900
$714,100
$712,100
$711,700
$710,400
$707,600
$706,100
$706,000 $701,800
$700,600
$693,200
$689,900
$688,500
$681,800
$676,000
$671,800
$670,200
$661,000
$660,300
$656,800
$645,700
$645,300
$642,300
$641,000
$633,300
$631,300
$621,000
$620,900
$619,300
$612,700
$603,200
$596,400
$595,000
$592,000
$591,600
$580,900
$574,900
$571,400
$566,300
$561,200
$558,600
$557,800
$554,800
$535,800
$535,400
$532,200
$526,400
$519,100
$519,000
$516,700
$511,300
$508,500
$499,000
$493,100
$481,800
$474,500
$465,600
$460,800
$459,000
$457,400
$453,000
$433,700
$413,300
$410,300
$408,600
$401,400
$394,400
$357,300
$352,900
$316,600
$303,000
$277,200
$269,500
$267,700
$266,100
$262,100
$260,600
$245,700
$241,900
$235,600
$229,000
$219,300
$204,100
Benchmark	Price	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
November	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Twn
Victoria	–	Twn
Victoria	West	–	Twn
Esquimalt	–	Twn
View	Royal	–	Twn
Saanich	East	–	Twn
Saanich	West	–	Twn
Sooke	–	Twn
Langford	–	Twn
Colwood	–	Twn
Sidney	–	Twn
Central	Saanich	–	Twn
ML	Malahat	&	Area	–	Twn
GI	Gulf	Islands	–	Twn
377.5 365.5 363.3
346.6
338.2
338.0
334.3
332.1
330.7
328.4
319.4
316.1
313.9
309.3
296.7
294.5
294.4
294.1
293.9
291.9
291.3 289.5
287.3 285.6
284.3
280.2 276.9
276.2
275.1
274.1
273.9
273.1
272.5
271.9
271.5
269.9
268.8
267.6
266.7
264.3
263.9
263.6
262.5
261.8
261.6
261.4
260.1
259.8 258.3
256.5
252.2
251.1
250.6
250.3
250.1
247.6
246.6
243.9
237.9
236.6
236.3
228.4
227.5
226.6
225.9
225.3
224.4
224.0
220.6
219.7
218.0
217.9
214.6
214.2
212.9
212.2
211.5
203.3
202.5
201.4
200.4
195.1
194.0
192.3
186.4
185.3
183.0
178.8
176.7
176.5
176.2
175.5
172.1
168.9
156.0
154.2
150.5
149.8
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	SF-All Core	–	SF-All Westshore	–	SF-All Peninsula	–	SF-All
Select	Date	Range:
All	values Jan	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
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	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
200,000
300,000
400,000
500,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Condo	Apartment	(Con)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Twn Core	–	Twn Westshore	–	Twn Peninsula	–	Twn
Select	Date	Range:
All	values Jan	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
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
–	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	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
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
November 2021
District
Produced: 01-Dec-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 35 $47,079,400
Oak Bay 18 $48,313,720
Esquimalt 6 $5,962,000
View Royal 6 $5,993,450
Saanich East 44 $62,227,400
Saanich West 24 $30,584,500
Central Saanich 13 $20,630,000
North Saanich 10 $19,479,250
Sidney 9 $10,084,700
Colwood 13 $14,116,333
Langford 40 $47,597,257
Metchosin 4 $5,370,000
Sooke 21 $17,923,000
Gulf Islands 19 $17,007,618
Total Greater Victoria 262 $352,368,628
Other Areas
Malahat & Area 14 $14,780,700
Total Other Areas 14 $14,780,700
Total Single Family Detached 276 $367,149,328
Condo Apartment
l
Greater Victoria
Victoria / Victoria West 110 $73,894,400
Oak Bay 9 $6,983,400
Esquimalt 13 $6,932,550
View Royal 5 $3,143,500
Saanich East 22 $12,401,488
Saanich West 9 $4,354,000
Central Saanich 5 $2,834,855
North Saanich 1 $700,000
Sidney 17 $14,396,750
Colwood 2 $1,015,100
Langford 41 $25,296,458
Sooke 2 $1,180,000
Total Greater Victoria 236 $153,132,501
Total Condo Apartment 236 $153,132,501
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
November 2021
District
Produced: 01-Dec-2021
Row/Townhouse
l
Greater Victoria
Victoria / Victoria West 9 $8,303,000
Esquimalt 3 $1,984,900
View Royal 8 $6,324,379
Saanich East 20 $17,966,291
Saanich West 4 $3,492,400
Central Saanich 2 $1,567,000
Sidney 3 $2,782,000
Colwood 2 $1,920,000
Langford 14 $10,764,325
Sooke 5 $3,160,000
Gulf Islands 6 $3,089,700
Total Greater Victoria 76 $61,353,995
Total Row/Townhouse 76 $61,353,995
Manufactured Home
l
Greater Victoria
View Royal 3 $604,300
Central Saanich 2 $552,000
Langford 2 $818,000
Sooke 3 $564,800
Gulf Islands 1 $491,300
Total Greater Victoria 11 $3,030,400
Other Areas
Malahat & Area 1 $279,900
Total Other Areas 1 $279,900
Total Manufactured Home 12 $3,310,300
Total Residential 600 $584,946,124
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
November 2021
District
Produced: 01-Dec-2021
$638,482,066
653
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Saanich East 1 $3,900,000
Saanich West 1 $2,150,000
North Saanich 1 $2,150,000
Colwood 1 $475,000
Langford 4 $4,160,099
Sooke 14 $10,898,983
Gulf Islands 2 $2,769,000
Total Greater Victoria 24 $26,503,082
Other Areas
Malahat & Area 3 $1,134,900
UpIsland / Mainland 1 $339,900
Total Other Areas 4 $1,474,800
Total Lots & Acreage 28 $27,977,882
1 $1,875,000
Commercial Land
l
24 $23,683,060
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
November 2021
District
Produced: 01-Dec-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria 32 $42,929,400
Victoria West 3 $4,150,000
Oak Bay 16 $34,763,720
Esquimalt 5 $5,212,000
View Royal 6 $5,993,450
Saanich East 44 $62,227,400
Saanich West 24 $30,584,500
Central Saanich 13 $20,630,000
North Saanich 9 $13,529,250
Sidney 9 $10,084,700
Colwood 13 $14,116,333
Langford 40 $47,597,257
Metchosin 4 $5,370,000
Sooke 17 $14,553,000
Gulf Islands 15 $13,630,618
Waterfront (all districts) 12 $26,997,000
Total Greater Victoria 262 $352,368,628
Other Areas
Malahat & Area 12 $12,465,700
Waterfront (all districts) 2 $2,315,000
Total Other Areas 14 $14,780,700
Total Single Family Detached 276 $367,149,328
Condo Apartment
l
Greater Victoria
Victoria 95 $61,373,800
Victoria West 12 $9,445,600
Oak Bay 7 $4,278,400
Esquimalt 12 $6,182,550
View Royal 5 $3,143,500
Saanich East 22 $12,401,488
Saanich West 9 $4,354,000
Central Saanich 4 $2,249,855
North Saanich 1 $700,000
Sidney 16 $12,296,750
Colwood 2 $1,015,100
Langford 41 $25,296,458
Sooke 1 $320,000
Waterfront (all districts) 9 $10,075,000
Total Greater Victoria 236 $153,132,501
Total Condo Apartment 236 $153,132,501
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
Row/Townhouse
l
Greater Victoria
Victoria 9 $8,303,000
Esquimalt 3 $1,984,900
View Royal 8 $6,324,379
Saanich East 20 $17,966,291
Saanich West 4 $3,492,400
Central Saanich 2 $1,567,000
Sidney 3 $2,782,000
Colwood 2 $1,920,000
Langford 14 $10,764,325
Sooke 4 $2,349,000
Gulf Islands 6 $3,089,700
Waterfront (all districts) 1 $811,000
Total Greater Victoria 76 $61,353,995
Total Row/Townhouse 76 $61,353,995
Manufactured Home
l
Greater Victoria
View Royal 3 $604,300
Central Saanich 2 $552,000
Langford 2 $818,000
Sooke 3 $564,800
Gulf Islands 1 $491,300
Total Greater Victoria 11 $3,030,400
Other Areas
Malahat & Area 1 $279,900
Total Other Areas 1 $279,900
Total Manufactured Home 12 $3,310,300
Total Residential 600 $584,946,124
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
$638,482,066
653
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Saanich East 1 $3,900,000
Saanich West 1 $2,150,000
North Saanich 1 $2,150,000
Colwood 1 $475,000
Langford 4 $4,160,099
Sooke 14 $10,898,983
Gulf Islands 2 $2,769,000
Total Greater Victoria 24 $26,503,082
Other Areas
Malahat & Area 3 $1,134,900
UpIsland / Mainland 1 $339,900
Total Other Areas 4 $1,474,800
Total Lots & Acreage 28 $27,977,882
1 $1,875,000
Commercial Land
l
24 $23,683,060
Other Commercial Properties
l
Page 3 of 3
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
November 2021
Produced: 01-Dec-2021
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
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
Mar
2021
Apr
2021
May
2021
Jun
2021
Jul
2021
Aug
2021
Sep
2021
Oct
2021
Nov
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
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Single Family - Residential
Units Listed 252
Units Sold 215
Sell/List Ratio 85
Sales Dollars $280,138,010
Average Price / Unit $1,302,967
Price Ratio 105
Days To Sell 19
Active Listings at Month End 211
%
%
288
292
101
$292,804,072
$1,002,754
99
32
411
%
%
-13
-26
-4
30
-40
-49
%
%
%
%
%
%
4264
3540
83
$4,079,425,916
$1,152,380
103
19
%
%
4602
3316
72
$3,102,846,390
$935,720
99
35
%
%
-7
7
31
23
-45
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 16
Units Sold 10
Sell/List Ratio 63
Sales Dollars $28,435,000
Average Price / Unit $2,843,500
Price Ratio 99
Days To Sell 33
Active Listings at Month End 44
%
%
19
31
163
$61,999,815
$1,999,994
96
142
69
%
%
-16
-68
-54
42
-77
-36
%
%
%
%
%
%
335
238
71
$480,654,846
$2,019,558
99
48
%
%
395
262
66
$468,837,742
$1,789,457
95
101
%
%
-15
-9
3
13
-52
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 18
Units Sold 23
Sell/List Ratio 128
Sales Dollars $35,772,368
Average Price / Unit $1,555,320
Price Ratio 98
Days To Sell 38
Active Listings at Month End 50
%
%
35
27
77
$35,425,782
$1,312,066
97
38
83
%
%
-49
-15
1
19
-1
-40
%
%
%
%
%
%
446
350
78
$539,588,452
$1,541,681
100
40
%
%
494
330
67
$375,953,904
$1,139,254
97
61
%
%
-10
6
44
35
-35
%
%
%
%
%
Condo Apartment
Units Listed 234
Units Sold 236
Sell/List Ratio 101
Sales Dollars $153,132,501
Average Price / Unit $648,867
Price Ratio 102
Days To Sell 24
Active Listings at Month End 194
%
%
288
262
91
$123,004,577
$469,483
99
40
564
%
%
-19
-10
24
38
-40
-66
%
%
%
%
%
%
3869
3297
85
$1,838,425,343
$557,606
100
26
%
%
3857
2208
57
$1,069,459,132
$484,356
98
41
%
%
0
49
72
15
-36
%
%
%
%
%
Page 1 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Row/Townhouse
Units Listed 61
Units Sold 76
Sell/List Ratio 125
Sales Dollars $61,353,995
Average Price / Unit $807,289
Price Ratio 104
Days To Sell 33
Active Listings at Month End 51
%
%
70
97
139
$63,969,599
$659,480
99
38
115
%
%
-13
-22
-4
22
-14
-56
%
%
%
%
%
%
1239
1085
88
$794,315,934
$732,088
102
23
%
%
1339
992
74
$604,733,423
$609,610
99
42
%
%
-7
9
31
20
-46
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 4
Sell/List Ratio 400
Sales Dollars $4,129,900
Average Price / Unit $1,032,475
Price Ratio 99
Days To Sell 26
Active Listings at Month End 3
%
%
0
1
$675,000
$675,000
100
11
0
%
%
300
512
53
134
%
%
%
%
%
%
25
17
68
$17,734,200
$1,043,188
101
23
%
%
8
7
88
$6,281,500
$897,357
99
68
%
%
213
143
182
16
-67
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 12
Units Sold 14
Sell/List Ratio 117
Sales Dollars $12,550,050
Average Price / Unit $896,432
Price Ratio 107
Days To Sell 12
Active Listings at Month End 6
%
%
22
19
86
$13,332,195
$701,694
100
41
35
%
%
-45
-26
-6
28
-71
-83
%
%
%
%
%
%
264
236
89
$189,358,731
$802,368
103
22
%
%
198
136
69
$91,498,344
$672,782
100
33
%
%
33
74
107
19
-34
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $988,000
Average Price / Unit $988,000
Price Ratio 110
Days To Sell 5
Active Listings at Month End 0
%
%
2
2
100
$1,695,000
$847,500
101
27
3
%
%
-50
-50
-42
17
-81
-100
%
%
%
%
%
%
39
31
79
$25,604,050
$825,937
104
18
%
%
26
21
81
$14,287,300
$680,348
99
29
%
%
50
48
79
21
-39
%
%
%
%
%
Page 2 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Recreational
Units Listed 6
Units Sold 5
Sell/List Ratio 83
Sales Dollars $1,017,000
Average Price / Unit $203,400
Price Ratio 100
Days To Sell 62
Active Listings at Month End 7
%
%
0
1
$1,500,000
$1,500,000
88
548
13
%
%
400
-32
-86
-89
-46
%
%
%
%
%
%
33
32
97
$6,532,000
$204,125
101
193
%
%
32
17
53
$3,512,900
$206,641
91
191
%
%
3
88
86
-1
1
%
%
%
%
%
Manufactured Home
Units Listed 21
Units Sold 12
Sell/List Ratio 57
Sales Dollars $3,310,300
Average Price / Unit $275,858
Price Ratio 100
Days To Sell 15
Active Listings at Month End 31
%
%
10
13
130
$3,226,100
$248,162
96
47
25
%
%
110
-8
3
11
-68
24
%
%
%
%
%
%
246
173
70
$59,732,156
$345,273
99
35
%
%
182
149
82
$36,730,497
$246,513
96
56
%
%
35
16
63
40
-38
%
%
%
%
%
Residential Lots
Units Listed 15
Units Sold 10
Sell/List Ratio 67
Sales Dollars $6,164,549
Average Price / Unit $616,455
Price Ratio 103
Days To Sell 77
Active Listings at Month End 30
%
%
20
17
85
$11,322,150
$666,009
95
94
109
%
%
-25
-41
-46
-7
-19
-72
%
%
%
%
%
%
266
222
83
$118,824,329
$535,245
98
76
%
%
303
150
50
$73,300,512
$488,670
97
112
%
%
-12
48
62
10
-32
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 3
Units Sold 5
Sell/List Ratio 167
Sales Dollars $4,164,000
Average Price / Unit $832,800
Price Ratio 97
Days To Sell 85
Active Listings at Month End 4
%
%
3
4
133
$2,736,900
$684,225
96
184
22
%
%
0
25
52
22
-54
-82
%
%
%
%
%
%
36
33
92
$21,805,700
$660,779
97
154
%
%
66
24
36
$18,880,525
$786,689
95
139
%
%
-45
38
15
-16
11
%
%
%
%
%
Page 3 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Residential Acreage
Units Listed 9
Units Sold 10
Sell/List Ratio 111
Sales Dollars $12,236,333
Average Price / Unit $1,223,633
Price Ratio 101
Days To Sell 26
Active Listings at Month End 28
%
%
6
10
167
$7,662,000
$766,200
94
156
55
%
%
50
0
60
60
-83
-49
%
%
%
%
%
%
113
92
81
$62,565,760
$680,063
99
94
%
%
138
79
57
$49,231,050
$623,178
92
156
%
%
-18
16
27
9
-40
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 0
Units Sold 3
Sell/List Ratio
Sales Dollars $5,413,000
Average Price / Unit $1,804,333
Price Ratio 97
Days To Sell 116
Active Listings at Month End 4
%
%
3
2
67
$901,000
$450,500
95
227
27
%
%
-100
50
501
301
-49
-85
%
%
%
%
%
%
29
34
117
$37,834,900
$1,112,791
94
163
%
%
41
23
56
$17,497,682
$760,769
91
175
%
%
-29
48
116
46
-7
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 4
Sell/List Ratio 133
Sales Dollars $4,119,000
Average Price / Unit $1,029,750
Price Ratio 101
Days To Sell 21
Active Listings at Month End 3
%
%
2
4
200
$3,777,741
$944,435
95
103
7
%
%
50
0
9
9
-79
-57
%
%
%
%
%
%
92
58
63
$68,870,296
$1,187,419
101
20
%
%
53
35
66
$35,699,758
$1,019,993
97
47
%
%
74
66
93
16
-58
%
%
%
%
%
Revenue - Multi Units
Units Listed 8
Units Sold 6
Sell/List Ratio 75
Sales Dollars $13,763,888
Average Price / Unit $2,293,981
Price Ratio 97
Days To Sell 49
Active Listings at Month End 17
%
%
5
1
20
$1,200,000
$1,200,000
96
27
18
%
%
60
500
1047
91
81
-6
%
%
%
%
%
%
71
38
54
$94,546,388
$2,488,063
96
72
%
%
44
11
25
$17,300,000
$1,572,727
93
70
%
%
61
245
447
58
2
%
%
%
%
%
Page 4 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-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
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
-100
-100
-100
%
%
%
%
%
Revenue - Commercial
Units Listed 12
Units Sold 9
Sell/List Ratio 75
Sales Dollars $8,924,000
Average Price / Unit $991,556
Price Ratio 95
Days To Sell 112
Active Listings at Month End 32
%
%
8
4
50
$2,485,000
$621,250
95
95
53
%
%
50
125
259
60
19
-40
%
%
%
%
%
%
96
44
46
$45,753,296
$1,039,848
96
102
%
%
92
21
23
$19,864,450
$945,926
97
79
%
%
4
110
130
10
30
%
%
%
%
%
Revenue - Industrial
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Sales Dollars $995,000
Average Price / Unit $995,000
Price Ratio 100
Days To Sell 26
Active Listings at Month End 17
%
%
2
2
100
$2,305,000
$1,152,500
97
101
8
%
%
0
-50
-57
-14
-74
113
%
%
%
%
%
%
33
15
45
$21,441,868
$1,429,458
98
76
%
%
10
8
80
$5,920,200
$740,025
98
96
%
%
230
88
262
93
-20
%
%
%
%
%
Business with Land & Building
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 3
%
%
1
0
$0
7
%
%
-100
-57
%
%
%
%
%
%
7
2
29
$3,403,186
$1,701,593
85
142
%
%
44
20
45
$33,678,992
$1,683,950
91
157
%
%
-84
-90
-90
1
-10
%
%
%
%
%
Page 5 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Business Only
Units Listed 8
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 53
%
%
9
2
22
$102,000
$51,000
67
153
38
%
%
-11
-100
-100
39
%
%
%
%
%
%
93
14
15
$3,256,500
$232,607
92
167
%
%
95
20
21
$1,485,000
$74,250
75
118
%
%
-2
-30
119
213
42
%
%
%
%
%
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
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
2
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Office
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Sales Dollars $60
Average Price / Unit $20
Price Ratio 96
Days To Sell 97
Active Listings at Month End 49
%
%
18
1
6
$15
$15
94
87
85
%
%
-89
200
301
34
11
-42
%
%
%
%
%
%
94
21
22
$2,139
$102
97
136
%
%
108
10
9
$161
$16
128
164
%
%
-13
110
1231
534
-17
%
%
%
%
%
Lease - Retail
Units Listed 5
Units Sold 4
Sell/List Ratio 80
Sales Dollars $92
Average Price / Unit $23
Price Ratio 100
Days To Sell 75
Active Listings at Month End 28
%
%
8
1
13
$388,935
$388,935
1485052
59
45
%
%
-38
300
-100
-100
27
-38
%
%
%
%
%
%
67
27
40
$353,857
$13,106
86
129
%
%
65
17
26
$390,973
$22,998
20668
177
%
%
3
59
-9
-43
-27
%
%
%
%
%
Page 6 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-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
%
%
1
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Industrial
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 6
%
%
1
1
100
$16
$16
97
41
6
%
%
100
-100
-100
0
%
%
%
%
%
%
17
3
18
$49
$16
100
45
%
%
6
3
50
$41
$14
95
207
%
%
183
0
18
18
-78
%
%
%
%
%
Lease - Other
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $20
Average Price / Unit $20
Price Ratio 95
Days To Sell 36
Active Listings at Month End 3
%
%
1
0
$0
3
%
%
0
0
%
%
%
%
%
%
9
3
33
$2,890,623
$963,541
4899361
75
%
%
53
2
4
$30
$15
61
%
%
-83
50
9635310
6423507
23
%
%
%
%
%
Commercial Land
Units Listed 4
Units Sold 1
Sell/List Ratio 25
Sales Dollars $1,875,000
Average Price / Unit $1,875,000
Price Ratio 100
Days To Sell 34
Active Listings at Month End 13
%
%
2
1
50
$1,750,000
$1,750,000
100
571
12
%
%
100
0
7
7
-94
8
%
%
%
%
%
%
24
9
38
$17,212,500
$1,912,500
94
224
%
%
33
2
6
$6,225,000
$3,112,500
100
432
%
%
-27
350
177
-39
-48
%
%
%
%
%
Page 7 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Units Listed 696
Units Sold 653
Sell/List Ratio 94
Sales Dollars $638,482,066
Average Price / Unit $977,767
Price Ratio 103
Days To Sell 28
Active Listings at Month End 887
%
%
Grand Totals
823
795
97
$632,262,896
$795,299
99
47
1813
%
%
-15
-18
1
23
-41
-51
%
%
%
%
%
%
11807
9614
81
$8,530,133,018
$887,262
102
29
%
%
12296
7866
64
$6,062,114,405
$770,673
98
46
%
%
-4
22
41
15
-37
%
%
%
%
%
Page 8 of 8
Victoria Real Estate Board Multiple Listing Service ®

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Victoria Real Estate Board Statistics - November 2021

  • 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 Dec 1, 2021 No change on the horizon for the Victoria real estate market A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of October. 236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single family homes sold, 18.6 per cent fewer than in the previous month of October. "Strong demand for housing in our community continues to exceed the ultra-low number of listings of homes available for sale,” said Victoria Real Estate Board President David Langlois. “This demand creates competition and pressure on pricing and we continue to see home values notch up. At this moment in time, there are fewer than 600 residential properties for sale in our market.” There were 887 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2021, 51.1 per cent fewer properties than the 1,813 available at the end of November 2020 and 14.4 per cent fewer properties than the 1,036 active listings for sale at the end of October 2021. The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2020 was $903,700. The benchmark value for the same home in November 2021 increased by 24.2 per cent to $1,122,600, a 1.7 per cent increase from the previous month of October. The MLS® HPI benchmark value for a condominium in the Victoria Core in November 2020 was $485,100, while the benchmark value for the same condominium in November 2021 increased by 15.6 per cent to $560,700. “Only with strong measures around supply will we see a lift in the pressures on our housing market,” added President Langlois. “Governments continue to try to intervene by using demand side measures, such as the province announcing their plan to introduce a ‘cooling off’ period for resale homes. This concept was delivered without industry consultation or supporting data. Introducing measures that add uncertainty to the marketplace fails to address the issues of supply and attainability in our community - and threatens to make the supply situation worse. A cooling-off period will not increase consumer protection - in fact many of the unintended consequences of such a policy could decrease protection for both buyers and sellers. The housing market is complex and policy must be evidence-based and designed for all types of markets – not to react to a moment in time. The government needs to sharpen their focus on the issue that has been documented for years – that a consistent delay in the delivery of homes to meet the needs of our growing population has created housing gridlock.” About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,527 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market. PRESIDENT David Langlois PRESIDENT ELECT Karen Dinnie-Smyth TREASURER Patrick Novotny PAST PRESIDENT Sandi-Jo Ayers DIRECTORS Sheila Aujla Robert Cole Laurie Lidstone Jackie Ngai Graden Sol EXECUTIVE OFFICER David Corey
  • 2. Sales by Property Type Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condo Apartment Row/Townhouse Manufactured Home Total Residential Total Sales Active Listings Units Median$ Average$ LY% LM% LY% LM% LY% LM% Units Median$ Average$ Units Median$ Average$ November 2021 262 236 76 12 600 276 653 14 887 330 249 90 17 695 339 745 9 1,036 361 262 99 13 749 375 795 14 1,813 $1,344,918 $648,867 $807,289 $275,858 $1,330,251 $1,055,764 $1,245,000 $585,000 $800,536 $273,450 $1,235,000 $842,450 $1,327,228 $620,859 $855,894 $404,859 $1,311,271 $726,200 $1,211,000 $545,895 $797,895 $275,000 $1,202,500 $999,500 $1,100,049 $469,483 $667,142 $248,162 $1,091,019 $858,171 $909,900 $428,500 $605,700 $232,500 $907,000 $885,000 -20.6% -5.2% -15.6% -29.4% -13.7% -18.6% -12.3% 55.6% -14.4% -27.4% -9.9% -23.2% -7.7% -19.9% -26.4% -17.9% 0.0% -51.1% 1.3% 4.5% -5.7% -31.9% 1.4% 45.4% 22.3% 38.2% 21.0% 11.2% 21.9% 23.0% 2.8% 7.2% 0.3% -0.6% 2.7% -15.7% 36.8% 36.5% 32.2% 17.6% 36.2% -4.8% October 2021 November 2020 Legend Units: net number of listings sold LM%: percentage change since Last Month LY%: percentage change since This Month Last Year Average$: 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-Dec-2021 November 2021 Previous Periods Comparison This Month Last Year Page 1 of 1 Victoria Real Estate Board Multiple Listing Service ® November 2021 Statistics Package for Media Victoria Real Estate Board November 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-Dec-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 November 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 fifteen 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 November 2021 Statistics
  • 5. MLS® HPI benchmark and value - Condominium / Apartments Victoria Real Estate Board November 2021 Statistics 12 Months Ago % Difference from 12 Months Ago (October 2020 to October 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 14.9% 14.4% 17.0% 16.0%
  • 6. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board November 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 $995,300 $990,300 $986,300 $978,100 $977,000 $975,700 $967,300 $965,700 $964,600 $952,000 $943,600 $943,000 $937,600 $935,200 $933,700 $921,600 $919,000 $916,600 $916,600 $910,900 $906,100 $904,200 $902,900 $902,600 $901,700 $887,000 $882,100 $878,000 $872,800 $871,900 $870,300 $867,000 $855,600 $850,000 $845,600 $844,900 $844,300 $838,000 $834,700 $829,000 $828,800 $825,200 $821,200 $814,400 $808,300 $799,500 $796,900 $786,300 $783,100 $781,300 $779,800 $767,900 $762,900 $757,600 $753,000 $749,600 $746,800 $733,600 $729,000 $720,700 $715,400 $711,800 $682,200 $680,900 $677,300 $677,000 $673,700 $672,900 $667,800 $656,400 $652,300 $649,100 $642,200 $629,600 $627,400 $624,400 $612,400 $580,400 $579,000 $578,900 $569,300 $557,500 $552,000 $528,400 $522,800 $518,000 $493,000 $487,900 $485,600 $455,400 $442,600 $420,300 $394,500 $370,800 $360,800 $358,000 $357,400 $349,200 $332,600 $329,100 $316,500 $308,000 $292,400 $284,200 $282,300 $271,500 $265,000 $1,575,300 $1,537,200 $1,527,300 $1,422,900 $1,358,200 $1,349,400 $1,348,600 $1,335,600 $1,330,100 $1,314,900 $1,287,800 $1,257,800 $1,245,200 $1,241,300 $1,237,700 $1,231,000 $1,208,400 $1,138,600 $1,135,700 $1,120,000 $1,105,800 $1,090,800 $1,076,900 $1,063,300 $1,052,900 $1,052,600 $1,046,800 $1,045,200 $1,040,700 $1,033,800 $1,027,800 $1,022,600 $1,021,400 $1,012,800 $1,010,100 $1,005,600 $1,002,600 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 November 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 339.8 329.9 320.5 317.7 308.7 307.3 306.9 305.2 303.1 300.9 300.7 300.3 299.1 297.6 297.5 296.7 295.5 293.9 293.7 292.9 291.2 290.7 290.7 290.0 288.6 288.0 287.1 286.6 286.2 285.4 285.3 285.0 284.9 283.9 282.8 281.5 280.9 280.7 280.3 278.8 278.5 278.5 277.2 276.7 276.4 276.2 275.8 275.5 275.5 273.7 273.0 272.6 272.4 271.8 270.9 270.2 270.2 269.5 268.6 268.4 266.8 263.5 263.4 262.4 259.6 257.8 252.3 251.3 249.5 249.4 247.9 246.5 245.6 245.1 238.2 236.4 236.3 235.6 234.7 232.3 231.8 231.1 229.4 229.2 228.8 225.6 225.6 225.1 224.9 224.5 224.5 223.6 223.3 218.6 216.6 215.8 213.1 212.0 211.0 205.1 204.7 203.7 203.7 201.8 199.4 198.5 198.4 197.7 196.6 195.1 194.7 192.6 191.3 188.5 183.9 183.4 181.3 178.9 173.3 168.2 168.1 167.6 164.6 158.6 156.8 132.9 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 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 November 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 Sooke – Con Langford – Con Colwood – Con North Saanich – Con Sidney – Con Central Saanich – Con $747,900 $739,900 $717,500 $706,600 $704,400 $695,300 $690,000 $682,000 $681,700 $672,300 $662,300 $649,100 $636,300 $631,800 $630,200 $585,600 $564,600 $557,800 $556,300 $555,400 $552,700 $549,000 $548,000 $547,900 $546,500 $538,800 $538,300 $537,000 $525,900 $524,100 $521,500 $521,000 $516,000 $513,500 $510,200 $507,000 $505,200 $504,900 $503,800 $498,100 $497,700 $495,500 $495,400 $491,500 $488,800 $486,400 $485,600 $480,200 $480,000 $478,200 $477,900 $475,400 $474,400 $471,200 $470,800 $464,400 $463,300 $460,800 $458,200 $457,100 $456,200 $454,900 $446,700 $446,400 $433,000 $427,000 $426,500 $421,500 $420,700 $414,800 $412,100 $410,800 $410,400 $407,300 $405,300 $402,700 $383,900 $383,000 $383,000 $378,600 $377,400 $369,600 $353,400 $350,600 $347,900 $347,200 $345,800 $331,800 $322,700 $322,300 $306,800 $302,100 $302,000 $293,700 $292,600 $280,400 $276,900 $266,900 $242,200 $238,700 $205,900 $203,900 $201,600 $200,600 $190,600 $188,800 $160,600 $159,100 $155,000 $147,900 $129,900 $122,100 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 November 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 Sooke – Con Langford – Con Colwood – Con North Saanich – Con Sidney – Con Central Saanich – Con 345.0 342.8 330.5 325.1 317.5 317.2 316.1 315.8 314.0 313.6 311.9 311.4 310.0 306.8 302.9 302.6 302.4 301.8 298.9 295.7 295.4 295.1 294.2 291.3 290.3 285.9 285.6 285.4 285.0 284.3 284.1 282.4 280.2 280.0 277.2 276.0 275.9 275.9 273.6 271.7 271.5 270.7 269.8 268.8 268.4 266.6 266.6 265.4 264.7 264.7 260.8 259.9 259.9 259.0 258.3 255.2 253.3 251.7 251.2 249.4 249.2 248.3 248.3 248.1 248.1 247.2 247.0 246.3 245.4 242.8 238.5 237.0 236.5 236.1 234.4 233.7 229.6 223.8 222.7 222.0 221.4 212.6 211.5 199.6 198.6 194.9 189.9 186.4 185.6 185.4 184.3 182.2 181.4 171.5 167.0 165.4 156.5 147.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 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 – Condo Apartment (Con)
  • 10. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board November 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 $922,300 $889,600 $874,400 $873,900 $867,100 $835,500 $830,600 $818,100 $814,600 $814,500 $807,400 $803,300 $802,400 $800,900 $794,900 $793,500 $792,500 $789,500 $777,200 $770,500 $766,100 $764,600 $750,200 $748,100 $746,000 $741,500 $741,400 $734,300 $725,400 $716,900 $714,100 $712,100 $711,700 $710,400 $707,600 $706,100 $706,000 $701,800 $700,600 $693,200 $689,900 $688,500 $681,800 $676,000 $671,800 $670,200 $661,000 $660,300 $656,800 $645,700 $645,300 $642,300 $641,000 $633,300 $631,300 $621,000 $620,900 $619,300 $612,700 $603,200 $596,400 $595,000 $592,000 $591,600 $580,900 $574,900 $571,400 $566,300 $561,200 $558,600 $557,800 $554,800 $535,800 $535,400 $532,200 $526,400 $519,100 $519,000 $516,700 $511,300 $508,500 $499,000 $493,100 $481,800 $474,500 $465,600 $460,800 $459,000 $457,400 $453,000 $433,700 $413,300 $410,300 $408,600 $401,400 $394,400 $357,300 $352,900 $316,600 $303,000 $277,200 $269,500 $267,700 $266,100 $262,100 $260,600 $245,700 $241,900 $235,600 $229,000 $219,300 $204,100 Benchmark Price by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type – Townhouse (Twn)
  • 11. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board November 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Twn Victoria – Twn Victoria West – Twn Esquimalt – Twn View Royal – Twn Saanich East – Twn Saanich West – Twn Sooke – Twn Langford – Twn Colwood – Twn Sidney – Twn Central Saanich – Twn ML Malahat & Area – Twn GI Gulf Islands – Twn 377.5 365.5 363.3 346.6 338.2 338.0 334.3 332.1 330.7 328.4 319.4 316.1 313.9 309.3 296.7 294.5 294.4 294.1 293.9 291.9 291.3 289.5 287.3 285.6 284.3 280.2 276.9 276.2 275.1 274.1 273.9 273.1 272.5 271.9 271.5 269.9 268.8 267.6 266.7 264.3 263.9 263.6 262.5 261.8 261.6 261.4 260.1 259.8 258.3 256.5 252.2 251.1 250.6 250.3 250.1 247.6 246.6 243.9 237.9 236.6 236.3 228.4 227.5 226.6 225.9 225.3 224.4 224.0 220.6 219.7 218.0 217.9 214.6 214.2 212.9 212.2 211.5 203.3 202.5 201.4 200.4 195.1 194.0 192.3 186.4 185.3 183.0 178.8 176.7 176.5 176.2 175.5 172.1 168.9 156.0 154.2 150.5 149.8 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 HPI by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type – Townhouse (Twn)
  • 12. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All Select Date Range: All values Jan 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 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 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 200,000 300,000 400,000 500,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection All 2. Property Type – Condo Apartment (Con) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 14. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn Select Date Range: All values Jan 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 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 – 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
  • 15. 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 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 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
  • 16. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume November 2021 District Produced: 01-Dec-2021 Residential Single Family Detached l Greater Victoria Victoria / Victoria West 35 $47,079,400 Oak Bay 18 $48,313,720 Esquimalt 6 $5,962,000 View Royal 6 $5,993,450 Saanich East 44 $62,227,400 Saanich West 24 $30,584,500 Central Saanich 13 $20,630,000 North Saanich 10 $19,479,250 Sidney 9 $10,084,700 Colwood 13 $14,116,333 Langford 40 $47,597,257 Metchosin 4 $5,370,000 Sooke 21 $17,923,000 Gulf Islands 19 $17,007,618 Total Greater Victoria 262 $352,368,628 Other Areas Malahat & Area 14 $14,780,700 Total Other Areas 14 $14,780,700 Total Single Family Detached 276 $367,149,328 Condo Apartment l Greater Victoria Victoria / Victoria West 110 $73,894,400 Oak Bay 9 $6,983,400 Esquimalt 13 $6,932,550 View Royal 5 $3,143,500 Saanich East 22 $12,401,488 Saanich West 9 $4,354,000 Central Saanich 5 $2,834,855 North Saanich 1 $700,000 Sidney 17 $14,396,750 Colwood 2 $1,015,100 Langford 41 $25,296,458 Sooke 2 $1,180,000 Total Greater Victoria 236 $153,132,501 Total Condo Apartment 236 $153,132,501 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 November 2021 District Produced: 01-Dec-2021 Row/Townhouse l Greater Victoria Victoria / Victoria West 9 $8,303,000 Esquimalt 3 $1,984,900 View Royal 8 $6,324,379 Saanich East 20 $17,966,291 Saanich West 4 $3,492,400 Central Saanich 2 $1,567,000 Sidney 3 $2,782,000 Colwood 2 $1,920,000 Langford 14 $10,764,325 Sooke 5 $3,160,000 Gulf Islands 6 $3,089,700 Total Greater Victoria 76 $61,353,995 Total Row/Townhouse 76 $61,353,995 Manufactured Home l Greater Victoria View Royal 3 $604,300 Central Saanich 2 $552,000 Langford 2 $818,000 Sooke 3 $564,800 Gulf Islands 1 $491,300 Total Greater Victoria 11 $3,030,400 Other Areas Malahat & Area 1 $279,900 Total Other Areas 1 $279,900 Total Manufactured Home 12 $3,310,300 Total Residential 600 $584,946,124 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 November 2021 District Produced: 01-Dec-2021 $638,482,066 653 Grand Totals Other Property Lots & Acreage l Greater Victoria Saanich East 1 $3,900,000 Saanich West 1 $2,150,000 North Saanich 1 $2,150,000 Colwood 1 $475,000 Langford 4 $4,160,099 Sooke 14 $10,898,983 Gulf Islands 2 $2,769,000 Total Greater Victoria 24 $26,503,082 Other Areas Malahat & Area 3 $1,134,900 UpIsland / Mainland 1 $339,900 Total Other Areas 4 $1,474,800 Total Lots & Acreage 28 $27,977,882 1 $1,875,000 Commercial Land l 24 $23,683,060 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 November 2021 District Produced: 01-Dec-2021 Residential Single Family Detached l Greater Victoria Victoria 32 $42,929,400 Victoria West 3 $4,150,000 Oak Bay 16 $34,763,720 Esquimalt 5 $5,212,000 View Royal 6 $5,993,450 Saanich East 44 $62,227,400 Saanich West 24 $30,584,500 Central Saanich 13 $20,630,000 North Saanich 9 $13,529,250 Sidney 9 $10,084,700 Colwood 13 $14,116,333 Langford 40 $47,597,257 Metchosin 4 $5,370,000 Sooke 17 $14,553,000 Gulf Islands 15 $13,630,618 Waterfront (all districts) 12 $26,997,000 Total Greater Victoria 262 $352,368,628 Other Areas Malahat & Area 12 $12,465,700 Waterfront (all districts) 2 $2,315,000 Total Other Areas 14 $14,780,700 Total Single Family Detached 276 $367,149,328 Condo Apartment l Greater Victoria Victoria 95 $61,373,800 Victoria West 12 $9,445,600 Oak Bay 7 $4,278,400 Esquimalt 12 $6,182,550 View Royal 5 $3,143,500 Saanich East 22 $12,401,488 Saanich West 9 $4,354,000 Central Saanich 4 $2,249,855 North Saanich 1 $700,000 Sidney 16 $12,296,750 Colwood 2 $1,015,100 Langford 41 $25,296,458 Sooke 1 $320,000 Waterfront (all districts) 9 $10,075,000 Total Greater Victoria 236 $153,132,501 Total Condo Apartment 236 $153,132,501 Page 1 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 20. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume November 2021 District Produced: 01-Dec-2021 Row/Townhouse l Greater Victoria Victoria 9 $8,303,000 Esquimalt 3 $1,984,900 View Royal 8 $6,324,379 Saanich East 20 $17,966,291 Saanich West 4 $3,492,400 Central Saanich 2 $1,567,000 Sidney 3 $2,782,000 Colwood 2 $1,920,000 Langford 14 $10,764,325 Sooke 4 $2,349,000 Gulf Islands 6 $3,089,700 Waterfront (all districts) 1 $811,000 Total Greater Victoria 76 $61,353,995 Total Row/Townhouse 76 $61,353,995 Manufactured Home l Greater Victoria View Royal 3 $604,300 Central Saanich 2 $552,000 Langford 2 $818,000 Sooke 3 $564,800 Gulf Islands 1 $491,300 Total Greater Victoria 11 $3,030,400 Other Areas Malahat & Area 1 $279,900 Total Other Areas 1 $279,900 Total Manufactured Home 12 $3,310,300 Total Residential 600 $584,946,124 Page 2 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 21. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume November 2021 District Produced: 01-Dec-2021 $638,482,066 653 Grand Totals Other Property Lots & Acreage l Greater Victoria Saanich East 1 $3,900,000 Saanich West 1 $2,150,000 North Saanich 1 $2,150,000 Colwood 1 $475,000 Langford 4 $4,160,099 Sooke 14 $10,898,983 Gulf Islands 2 $2,769,000 Total Greater Victoria 24 $26,503,082 Other Areas Malahat & Area 3 $1,134,900 UpIsland / Mainland 1 $339,900 Total Other Areas 4 $1,474,800 Total Lots & Acreage 28 $27,977,882 1 $1,875,000 Commercial Land l 24 $23,683,060 Other Commercial Properties l Page 3 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 22. Sales to Active Listings Ratio The ratio of counts of total residential sales over total active residential listings for the last 25 months November 2021 Produced: 01-Dec-2021 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 110% 120% 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 Mar 2021 Apr 2021 May 2021 Jun 2021 Jul 2021 Aug 2021 Sep 2021 Oct 2021 Nov 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
  • 23. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-2021 Single Family - Residential Units Listed 252 Units Sold 215 Sell/List Ratio 85 Sales Dollars $280,138,010 Average Price / Unit $1,302,967 Price Ratio 105 Days To Sell 19 Active Listings at Month End 211 % % 288 292 101 $292,804,072 $1,002,754 99 32 411 % % -13 -26 -4 30 -40 -49 % % % % % % 4264 3540 83 $4,079,425,916 $1,152,380 103 19 % % 4602 3316 72 $3,102,846,390 $935,720 99 35 % % -7 7 31 23 -45 % % % % % Single Family - Residential Waterfront Units Listed 16 Units Sold 10 Sell/List Ratio 63 Sales Dollars $28,435,000 Average Price / Unit $2,843,500 Price Ratio 99 Days To Sell 33 Active Listings at Month End 44 % % 19 31 163 $61,999,815 $1,999,994 96 142 69 % % -16 -68 -54 42 -77 -36 % % % % % % 335 238 71 $480,654,846 $2,019,558 99 48 % % 395 262 66 $468,837,742 $1,789,457 95 101 % % -15 -9 3 13 -52 % % % % % Single Family - Residential Acreage Units Listed 18 Units Sold 23 Sell/List Ratio 128 Sales Dollars $35,772,368 Average Price / Unit $1,555,320 Price Ratio 98 Days To Sell 38 Active Listings at Month End 50 % % 35 27 77 $35,425,782 $1,312,066 97 38 83 % % -49 -15 1 19 -1 -40 % % % % % % 446 350 78 $539,588,452 $1,541,681 100 40 % % 494 330 67 $375,953,904 $1,139,254 97 61 % % -10 6 44 35 -35 % % % % % Condo Apartment Units Listed 234 Units Sold 236 Sell/List Ratio 101 Sales Dollars $153,132,501 Average Price / Unit $648,867 Price Ratio 102 Days To Sell 24 Active Listings at Month End 194 % % 288 262 91 $123,004,577 $469,483 99 40 564 % % -19 -10 24 38 -40 -66 % % % % % % 3869 3297 85 $1,838,425,343 $557,606 100 26 % % 3857 2208 57 $1,069,459,132 $484,356 98 41 % % 0 49 72 15 -36 % % % % % Page 1 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 24. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-2021 Row/Townhouse Units Listed 61 Units Sold 76 Sell/List Ratio 125 Sales Dollars $61,353,995 Average Price / Unit $807,289 Price Ratio 104 Days To Sell 33 Active Listings at Month End 51 % % 70 97 139 $63,969,599 $659,480 99 38 115 % % -13 -22 -4 22 -14 -56 % % % % % % 1239 1085 88 $794,315,934 $732,088 102 23 % % 1339 992 74 $604,733,423 $609,610 99 42 % % -7 9 31 20 -46 % % % % % Half Duplex (Up and Down) Units Listed 1 Units Sold 4 Sell/List Ratio 400 Sales Dollars $4,129,900 Average Price / Unit $1,032,475 Price Ratio 99 Days To Sell 26 Active Listings at Month End 3 % % 0 1 $675,000 $675,000 100 11 0 % % 300 512 53 134 % % % % % % 25 17 68 $17,734,200 $1,043,188 101 23 % % 8 7 88 $6,281,500 $897,357 99 68 % % 213 143 182 16 -67 % % % % % Half Duplex (Side by Side) Units Listed 12 Units Sold 14 Sell/List Ratio 117 Sales Dollars $12,550,050 Average Price / Unit $896,432 Price Ratio 107 Days To Sell 12 Active Listings at Month End 6 % % 22 19 86 $13,332,195 $701,694 100 41 35 % % -45 -26 -6 28 -71 -83 % % % % % % 264 236 89 $189,358,731 $802,368 103 22 % % 198 136 69 $91,498,344 $672,782 100 33 % % 33 74 107 19 -34 % % % % % Half Duplex (Front and Back) Units Listed 1 Units Sold 1 Sell/List Ratio 100 Sales Dollars $988,000 Average Price / Unit $988,000 Price Ratio 110 Days To Sell 5 Active Listings at Month End 0 % % 2 2 100 $1,695,000 $847,500 101 27 3 % % -50 -50 -42 17 -81 -100 % % % % % % 39 31 79 $25,604,050 $825,937 104 18 % % 26 21 81 $14,287,300 $680,348 99 29 % % 50 48 79 21 -39 % % % % % Page 2 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 25. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-2021 Recreational Units Listed 6 Units Sold 5 Sell/List Ratio 83 Sales Dollars $1,017,000 Average Price / Unit $203,400 Price Ratio 100 Days To Sell 62 Active Listings at Month End 7 % % 0 1 $1,500,000 $1,500,000 88 548 13 % % 400 -32 -86 -89 -46 % % % % % % 33 32 97 $6,532,000 $204,125 101 193 % % 32 17 53 $3,512,900 $206,641 91 191 % % 3 88 86 -1 1 % % % % % Manufactured Home Units Listed 21 Units Sold 12 Sell/List Ratio 57 Sales Dollars $3,310,300 Average Price / Unit $275,858 Price Ratio 100 Days To Sell 15 Active Listings at Month End 31 % % 10 13 130 $3,226,100 $248,162 96 47 25 % % 110 -8 3 11 -68 24 % % % % % % 246 173 70 $59,732,156 $345,273 99 35 % % 182 149 82 $36,730,497 $246,513 96 56 % % 35 16 63 40 -38 % % % % % Residential Lots Units Listed 15 Units Sold 10 Sell/List Ratio 67 Sales Dollars $6,164,549 Average Price / Unit $616,455 Price Ratio 103 Days To Sell 77 Active Listings at Month End 30 % % 20 17 85 $11,322,150 $666,009 95 94 109 % % -25 -41 -46 -7 -19 -72 % % % % % % 266 222 83 $118,824,329 $535,245 98 76 % % 303 150 50 $73,300,512 $488,670 97 112 % % -12 48 62 10 -32 % % % % % Residential Lots - Waterfront Units Listed 3 Units Sold 5 Sell/List Ratio 167 Sales Dollars $4,164,000 Average Price / Unit $832,800 Price Ratio 97 Days To Sell 85 Active Listings at Month End 4 % % 3 4 133 $2,736,900 $684,225 96 184 22 % % 0 25 52 22 -54 -82 % % % % % % 36 33 92 $21,805,700 $660,779 97 154 % % 66 24 36 $18,880,525 $786,689 95 139 % % -45 38 15 -16 11 % % % % % Page 3 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 26. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-2021 Residential Acreage Units Listed 9 Units Sold 10 Sell/List Ratio 111 Sales Dollars $12,236,333 Average Price / Unit $1,223,633 Price Ratio 101 Days To Sell 26 Active Listings at Month End 28 % % 6 10 167 $7,662,000 $766,200 94 156 55 % % 50 0 60 60 -83 -49 % % % % % % 113 92 81 $62,565,760 $680,063 99 94 % % 138 79 57 $49,231,050 $623,178 92 156 % % -18 16 27 9 -40 % % % % % Residential Acreage - Waterfront Units Listed 0 Units Sold 3 Sell/List Ratio Sales Dollars $5,413,000 Average Price / Unit $1,804,333 Price Ratio 97 Days To Sell 116 Active Listings at Month End 4 % % 3 2 67 $901,000 $450,500 95 227 27 % % -100 50 501 301 -49 -85 % % % % % % 29 34 117 $37,834,900 $1,112,791 94 163 % % 41 23 56 $17,497,682 $760,769 91 175 % % -29 48 116 46 -7 % % % % % Revenue - Duplex/Triplex Units Listed 3 Units Sold 4 Sell/List Ratio 133 Sales Dollars $4,119,000 Average Price / Unit $1,029,750 Price Ratio 101 Days To Sell 21 Active Listings at Month End 3 % % 2 4 200 $3,777,741 $944,435 95 103 7 % % 50 0 9 9 -79 -57 % % % % % % 92 58 63 $68,870,296 $1,187,419 101 20 % % 53 35 66 $35,699,758 $1,019,993 97 47 % % 74 66 93 16 -58 % % % % % Revenue - Multi Units Units Listed 8 Units Sold 6 Sell/List Ratio 75 Sales Dollars $13,763,888 Average Price / Unit $2,293,981 Price Ratio 97 Days To Sell 49 Active Listings at Month End 17 % % 5 1 20 $1,200,000 $1,200,000 96 27 18 % % 60 500 1047 91 81 -6 % % % % % % 71 38 54 $94,546,388 $2,488,063 96 72 % % 44 11 25 $17,300,000 $1,572,727 93 70 % % 61 245 447 58 2 % % % % % Page 4 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 27. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-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 % % 0 0 $0 0 % % % % % % % % 0 0 $0 % % 9 3 33 $8,498,900 $2,832,967 93 128 % % -100 -100 -100 % % % % % Revenue - Commercial Units Listed 12 Units Sold 9 Sell/List Ratio 75 Sales Dollars $8,924,000 Average Price / Unit $991,556 Price Ratio 95 Days To Sell 112 Active Listings at Month End 32 % % 8 4 50 $2,485,000 $621,250 95 95 53 % % 50 125 259 60 19 -40 % % % % % % 96 44 46 $45,753,296 $1,039,848 96 102 % % 92 21 23 $19,864,450 $945,926 97 79 % % 4 110 130 10 30 % % % % % Revenue - Industrial Units Listed 2 Units Sold 1 Sell/List Ratio 50 Sales Dollars $995,000 Average Price / Unit $995,000 Price Ratio 100 Days To Sell 26 Active Listings at Month End 17 % % 2 2 100 $2,305,000 $1,152,500 97 101 8 % % 0 -50 -57 -14 -74 113 % % % % % % 33 15 45 $21,441,868 $1,429,458 98 76 % % 10 8 80 $5,920,200 $740,025 98 96 % % 230 88 262 93 -20 % % % % % Business with Land & Building 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 3 % % 1 0 $0 7 % % -100 -57 % % % % % % 7 2 29 $3,403,186 $1,701,593 85 142 % % 44 20 45 $33,678,992 $1,683,950 91 157 % % -84 -90 -90 1 -10 % % % % % Page 5 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 28. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-2021 Business Only Units Listed 8 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 53 % % 9 2 22 $102,000 $51,000 67 153 38 % % -11 -100 -100 39 % % % % % % 93 14 15 $3,256,500 $232,607 92 167 % % 95 20 21 $1,485,000 $74,250 75 118 % % -2 -30 119 213 42 % % % % % 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 0 % % % % % % % % 0 0 $0 % % 2 0 0 $0 % % -100 % % % % % Lease - Office Units Listed 2 Units Sold 3 Sell/List Ratio 150 Sales Dollars $60 Average Price / Unit $20 Price Ratio 96 Days To Sell 97 Active Listings at Month End 49 % % 18 1 6 $15 $15 94 87 85 % % -89 200 301 34 11 -42 % % % % % % 94 21 22 $2,139 $102 97 136 % % 108 10 9 $161 $16 128 164 % % -13 110 1231 534 -17 % % % % % Lease - Retail Units Listed 5 Units Sold 4 Sell/List Ratio 80 Sales Dollars $92 Average Price / Unit $23 Price Ratio 100 Days To Sell 75 Active Listings at Month End 28 % % 8 1 13 $388,935 $388,935 1485052 59 45 % % -38 300 -100 -100 27 -38 % % % % % % 67 27 40 $353,857 $13,106 86 129 % % 65 17 26 $390,973 $22,998 20668 177 % % 3 59 -9 -43 -27 % % % % % Page 6 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 29. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-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 % % 1 0 0 $0 % % -100 % % % % % Lease - Industrial 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 6 % % 1 1 100 $16 $16 97 41 6 % % 100 -100 -100 0 % % % % % % 17 3 18 $49 $16 100 45 % % 6 3 50 $41 $14 95 207 % % 183 0 18 18 -78 % % % % % Lease - Other Units Listed 1 Units Sold 1 Sell/List Ratio 100 Sales Dollars $20 Average Price / Unit $20 Price Ratio 95 Days To Sell 36 Active Listings at Month End 3 % % 1 0 $0 3 % % 0 0 % % % % % % 9 3 33 $2,890,623 $963,541 4899361 75 % % 53 2 4 $30 $15 61 % % -83 50 9635310 6423507 23 % % % % % Commercial Land Units Listed 4 Units Sold 1 Sell/List Ratio 25 Sales Dollars $1,875,000 Average Price / Unit $1,875,000 Price Ratio 100 Days To Sell 34 Active Listings at Month End 13 % % 2 1 50 $1,750,000 $1,750,000 100 571 12 % % 100 0 7 7 -94 8 % % % % % % 24 9 38 $17,212,500 $1,912,500 94 224 % % 33 2 6 $6,225,000 $3,112,500 100 432 % % -27 350 177 -39 -48 % % % % % Page 7 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 30. Monthly Comparative Activity By Property Type Includes All MLS® Property Types November 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Dec-2021 Units Listed 696 Units Sold 653 Sell/List Ratio 94 Sales Dollars $638,482,066 Average Price / Unit $977,767 Price Ratio 103 Days To Sell 28 Active Listings at Month End 887 % % Grand Totals 823 795 97 $632,262,896 $795,299 99 47 1813 % % -15 -18 1 23 -41 -51 % % % % % % 11807 9614 81 $8,530,133,018 $887,262 102 29 % % 12296 7866 64 $6,062,114,405 $770,673 98 46 % % -4 22 41 15 -37 % % % % % Page 8 of 8 Victoria Real Estate Board Multiple Listing Service ®