The Victoria real estate market saw a decrease in property sales in December 2021 compared to the previous year. A total of 438 properties sold in December 2021, down 30.6% from December 2020. For the full year 2021, 10,052 properties sold, an increase of 18.3% from 2020 but close to the 2016 record year. Housing supply remained extremely low with only 652 active listings at the end of December 2021, a 49% decrease from the previous year. Benchmark home prices in Victoria increased substantially over the past year, with single family homes up 25.1% and condominiums up 17.1% compared to December 2020. The president of the Victoria Real Estate Board noted that high demand paired with
The housing market in Metro Vancouver showed resilience in 2020, with home sales reaching 30,944, close to the long-term annual average despite the pandemic. While sales slowed initially due to COVID-19, demand and listings recovered over the summer and winter seasons. The benchmark price of all residential properties in Metro Vancouver ended 2020 at $1,047,400, a 5.4% increase over the previous year. Looking ahead, continued adequate supply of homes for sale will influence future price trends.
Sales of residential properties in the Victoria Real Estate Board region increased significantly in October 2020 compared to the previous year. A total of 990 properties sold in October 2020, up 59.9% from October 2019. Both condominium and single family home sales saw large increases. However, active listings continued to decline, down 19.7% from the previous year. This high demand and low supply environment has led to many multiple offer situations and upward pressure on home prices.
Victoria Real Estate Board Statistics - November 2021VickyAulakh1
The Victoria real estate market saw fewer home sales in November 2021 compared to the previous year and month. While demand remains strong, the low inventory of available homes is putting upward pressure on home prices. The average price of a single-family home increased 24.2% year-over-year in the Victoria Core area. Real estate officials say increasing housing supply is needed to relieve market pressures, but government policies have focused on demand-side measures without industry input.
December 2020 Victoria Real Estate Board StatisticsVicky Aulakh
The Victoria real estate market saw record sales in 2020, with a total of 8,497 properties sold, up 17.1% from 2019. While sales increased, inventory decreased significantly, with only 1,279 active listings at the end of December 2020, down 29.5% from the previous month and 34.5% from the previous year. This represents the lowest inventory levels in at least 25 years, putting upward pressure on home prices. The benchmark price of a single-family home in Victoria increased 6.8% year-over-year to $915,100 in December 2020.
Real Estate Board of Greater Vancouver Statistics Package February 2022Vicky Aulakh
- Housing sales in Metro Vancouver decreased 8.1% in February 2022 compared to February 2021, while listings increased 8.4%.
- Despite higher listings, the region's housing market remains undersupplied, pushing home prices to new highs. The benchmark home price rose 20.7% year-over-year to $1,313,400 in February 2022.
- Sales of detached homes fell 18% year-over-year while apartment sales rose 5.4%. Benchmark prices for all property types increased over 20% compared to February 2021.
Victoria Real Estate Board Statistics Package January 2022VickyAulakh1
The Victoria Real Estate Board reported on the January 2022 real estate market. Sales were down 26.6% from January 2021 with 474 properties sold. Limited inventory continues to be a key factor, with January 2022 having nearly half the inventory of January 2021. The average price of a single-family home in Victoria increased 24.6% year-over-year to $1,161,500. Condo prices rose 20.5% to $587,300. Low inventory is expected to keep the market slow until supply levels increase to meet demand.
Real Estate Board of Greater Vancouver Statistics Package October 2021VickyAulakh1
- Home sales in Metro Vancouver remained above historical averages in October 2021 while the overall supply of homes dipped to levels not seen in three years.
- There were 4,049 newly listed properties in October 2021, a 27.3% decrease compared to October 2020 and a 21.7% decrease compared to September 2021.
- The total homes currently listed is 8,034, a 35.3% decrease compared to October 2020, as declining supply and ongoing demand puts upward pressure on home prices across the region.
Metro Vancouver Statistics Report October 2021VickyAulakh1
This document provides real estate market statistics for Metro Vancouver over multiple time periods. It includes data on total active listings, sales, average days on market, and benchmark home prices for detached properties, townhomes, and condos. The statistics show year-over-year declines in active listings and increases in benchmark home prices across all property types from 2020 to 2021. Sales increased for townhomes but declined for detached properties and condos over the same period.
The housing market in Metro Vancouver showed resilience in 2020, with home sales reaching 30,944, close to the long-term annual average despite the pandemic. While sales slowed initially due to COVID-19, demand and listings recovered over the summer and winter seasons. The benchmark price of all residential properties in Metro Vancouver ended 2020 at $1,047,400, a 5.4% increase over the previous year. Looking ahead, continued adequate supply of homes for sale will influence future price trends.
Sales of residential properties in the Victoria Real Estate Board region increased significantly in October 2020 compared to the previous year. A total of 990 properties sold in October 2020, up 59.9% from October 2019. Both condominium and single family home sales saw large increases. However, active listings continued to decline, down 19.7% from the previous year. This high demand and low supply environment has led to many multiple offer situations and upward pressure on home prices.
Victoria Real Estate Board Statistics - November 2021VickyAulakh1
The Victoria real estate market saw fewer home sales in November 2021 compared to the previous year and month. While demand remains strong, the low inventory of available homes is putting upward pressure on home prices. The average price of a single-family home increased 24.2% year-over-year in the Victoria Core area. Real estate officials say increasing housing supply is needed to relieve market pressures, but government policies have focused on demand-side measures without industry input.
December 2020 Victoria Real Estate Board StatisticsVicky Aulakh
The Victoria real estate market saw record sales in 2020, with a total of 8,497 properties sold, up 17.1% from 2019. While sales increased, inventory decreased significantly, with only 1,279 active listings at the end of December 2020, down 29.5% from the previous month and 34.5% from the previous year. This represents the lowest inventory levels in at least 25 years, putting upward pressure on home prices. The benchmark price of a single-family home in Victoria increased 6.8% year-over-year to $915,100 in December 2020.
Real Estate Board of Greater Vancouver Statistics Package February 2022Vicky Aulakh
- Housing sales in Metro Vancouver decreased 8.1% in February 2022 compared to February 2021, while listings increased 8.4%.
- Despite higher listings, the region's housing market remains undersupplied, pushing home prices to new highs. The benchmark home price rose 20.7% year-over-year to $1,313,400 in February 2022.
- Sales of detached homes fell 18% year-over-year while apartment sales rose 5.4%. Benchmark prices for all property types increased over 20% compared to February 2021.
Victoria Real Estate Board Statistics Package January 2022VickyAulakh1
The Victoria Real Estate Board reported on the January 2022 real estate market. Sales were down 26.6% from January 2021 with 474 properties sold. Limited inventory continues to be a key factor, with January 2022 having nearly half the inventory of January 2021. The average price of a single-family home in Victoria increased 24.6% year-over-year to $1,161,500. Condo prices rose 20.5% to $587,300. Low inventory is expected to keep the market slow until supply levels increase to meet demand.
Real Estate Board of Greater Vancouver Statistics Package October 2021VickyAulakh1
- Home sales in Metro Vancouver remained above historical averages in October 2021 while the overall supply of homes dipped to levels not seen in three years.
- There were 4,049 newly listed properties in October 2021, a 27.3% decrease compared to October 2020 and a 21.7% decrease compared to September 2021.
- The total homes currently listed is 8,034, a 35.3% decrease compared to October 2020, as declining supply and ongoing demand puts upward pressure on home prices across the region.
Metro Vancouver Statistics Report October 2021VickyAulakh1
This document provides real estate market statistics for Metro Vancouver over multiple time periods. It includes data on total active listings, sales, average days on market, and benchmark home prices for detached properties, townhomes, and condos. The statistics show year-over-year declines in active listings and increases in benchmark home prices across all property types from 2020 to 2021. Sales increased for townhomes but declined for detached properties and condos over the same period.
Victoria Real Estate Board July 2021 StatisticsVicky Aulakh
Housing inventory in the Victoria region continued to decline in July 2021. Total property sales were down 14.7% from July 2020 levels, with fewer single family homes and condominiums sold. Active housing listings also declined significantly, down 52.1% year-over-year. Meanwhile, home prices rose substantially over the past year, with benchmark single family home values up 18.9% and condo values up 8.1% compared to July 2020. The president of the Victoria Real Estate Board attributed the lower sales to low housing inventory driving the tight market conditions.
Home sales and listings in Metro Vancouver increased in June 2020 compared to June 2019 and May 2020. Total home sales in June 2020 were up 17.6% year-over-year and up 64.5% month-over-month. Total home listings were up 21.8% year-over-year and up 57.1% month-over-month. While sales and listings activity is increasing, it remains below 10-year averages for the month of June. The benchmark home price index for all residential properties was up 3.5% year-over-year but down 0.3% month-over-month.
Victoria Real Estate Board August 2021 StatisticsVicky Aulakh
Sales of single-family homes in the Victoria region were down 29.9% in August 2021 compared to August 2020, while condominium sales increased 31.7%. Total active property listings were down 56.7% from the previous year due to a long-term lack of housing supply. The benchmark price of a single-family home increased 22.4% year-over-year to $1,089,400, and the benchmark price of a condominium rose 11.8% to $540,600, indicating continued upward pressure on home prices from low inventory levels.
- Home sales in Metro Vancouver increased 46.3% in September 2019 compared to September 2018, indicating demand has returned to more typical levels and creating a more balanced housing market.
- The benchmark home price for all residential properties in Metro Vancouver is $990,600, a 7.3% decrease from September 2018.
- The president of the Real Estate Board of Greater Vancouver says the current market conditions provide a more comfortable environment for buyers and sellers.
Real Estate Board of Greater Vancouver Statistics Package - November 2021VickyAulakh1
Home sales in Metro Vancouver remained high in November 2021, up 11.9% from November 2020, while housing listings continued to decline sharply. The supply of homes remains well below long-term averages and demand from buyers is driving prices up across the region. The real estate market is expected to end the year near record sale levels due to the ongoing imbalance of strong demand and limited housing supply.
Home sales in Metro Vancouver returned to historically typical levels in November 2019 after a quiet first half of the year. Residential home sales totalled 2,498 in November, a 55.3% increase from November 2018 but down 12.6% from October 2019. The benchmark home price for all residential properties was $993,700, representing a 4.6% decrease from November 2018. Detached home sales increased 59.9% compared to November 2018 while the benchmark detached home price decreased 5.8% over the same period.
Home sales and new listings in Metro Vancouver increased in August compared to the previous year. Total home sales were 3,047, up 36.6% from August 2019. New listings were 5,813, up 55.1% from the previous year. The benchmark home price index for all residential properties was $1,038,700, up 5.3% from August 2019. Sales remained strong for detached homes and apartments.
Real Estate Board of Greater Vancouver Statistics Package January 2021 Vicky Aulakh
- Home sales in Metro Vancouver increased 52.1% in January 2021 compared to January 2020, while new listings rose 15.7%.
- The supply of homes remains constrained, causing increased competition among buyers and upward pressure on home prices.
- The benchmark home price in Metro Vancouver rose 5.5% year-over-year to $1,056,600 in January 2021. Detached home prices increased 10.8% to $1,576,800, while apartment prices grew 2.2% to $680,800.
Home buyer competition is intensifying across Metro Vancouver's housing market, putting upward pressure on home prices. Residential home sales in February 2021 increased 73.3% from February 2020 and 56% from January 2021. The supply of homes listed for sale is not keeping up with demand, resulting in multiple offer situations and price increases, particularly for townhomes. The benchmark price for all residential properties in Metro Vancouver is now $1,084,000, up 6.8% from February 2020.
Metro Vancouver Statistics September 2021 VickyAulakh1
The document provides real estate market statistics for detached properties, townhomes, and condos in Metro Vancouver for September 2021 compared to the previous year. Key figures include:
- Total active listings decreased across all property types compared to September 2020. Detached listings decreased 20.2%, townhomes 35.2%, and condos 32.1%.
- Sales decreased for detached properties 27.4% and townhomes 22.9% compared to the previous year, while condo sales increased slightly by 1.9%.
- The average days on market decreased for all property types compared to September 2020, with the largest decrease for detached properties at 17.5%.
- The MLS HPI
- Housing sales in Metro Vancouver decreased 29.1% in April 2019 compared to April 2018, with reduced demand and increased supply.
- The number of homes listed for sale increased 46.2% compared to April 2018, reaching the highest level since October 2014. This is driven more by reduced demand than increased supply.
- Benchmark home prices decreased across property types, with detached homes seeing an 11.1% price decrease compared to April 2018.
Victoria Real Estate Board February 2022Vicky Aulakh
The Victoria real estate market saw a decrease in property sales in February 2022 compared to the previous year, with inventory levels remaining at record lows. While listings increased slightly from the previous month, inventory was still down 35.6% year-over-year. This lack of supply has prevented the market from cooling off, with benchmark home prices increasing over 20% in the Victoria core area for both single family homes and condominiums compared to February 2021. The Victoria Real Estate Board is calling on the government to focus on increasing housing supply through incentives and removing barriers to development to balance the market.
- Sales of residential and commercial properties in the Fraser Valley decreased 22.5% in March 2022 compared to March 2021 but increased 41.4% compared to February 2022. New listings also increased compared to the previous month.
- While sales and new listings decreased compared to the previous year, total active inventory increased compared to last month but remained lower than March 2021 levels. Benchmark home prices continued to rise month-over-month across all property types.
- The increases in new listings and inventory were seen as positive signs that could help slow price growth, but the market was still seen as imbalanced due to lack of housing supply. Interest rate hikes were also expected to impact new homebuyers more than other
Fraser Valley Real Estate Board February 2022Vicky Aulakh
The Fraser Valley Real Estate Board (FVREB) reported record high new property listings in February 2022. New listings increased 75% compared to January and 15% compared to February 2021. Total home sales decreased 35% compared to February 2021 but were 39% higher than January 2022. While inventory is still low, the recent increases in new listings provide hope that more choices for buyers may soften the hot real estate market. Home prices continued rising substantially across all property types in the Fraser Valley region.
May 2021 Real Estate Board of Greater Vancouver Statistics PackageVicky Aulakh
- Home sales and listings in Metro Vancouver slowed in May compared to record levels in March and April, though remained above long-term averages.
- Residential home sales totaled 4,268 in May, a 187% increase year-over-year but a 13% decrease from April.
- The number of newly listed homes was 7,125 in May, a 93% increase year-over-year but a 10% decrease from April.
- Benchmark home prices rose 14% year-over-year in Metro Vancouver, with detached homes seeing a 23% increase.
Sales of real estate in the Victoria area decreased in April 2022 compared to the previous year. A total of 824 properties sold in April 2022, which was 26.2% fewer than the 1,116 properties sold in April 2021. Both sales of single family homes and condominiums were down compared to the previous year. While inventory levels remained below historic averages, maintaining upward pressure on prices, the president of the Victoria Real Estate Board noted a softening of the market with lessening demand due to rising interest rates and inflation. The benchmark value of single family homes and condominiums in the Victoria area had still increased about 26-27% compared to the previous year.
The Victoria Real Estate Board reported on the June 2022 housing market in Victoria, BC. Sales decreased 35% from June 2021 with 612 properties sold. Inventory increased nearly 50% to 2,059 active listings. While rising inventory is improving choice for buyers, the President of VREB stressed the continued need for new housing supply to ensure long-term affordability given demand drivers like population growth. Benchmark home prices rose 23.6% for single-family homes and 29.7% for condos compared to June 2021.
Sales of real estate properties in the Victoria region decreased in August 2022 compared to the previous year. A total of 478 properties sold in August 2022, which was 42.5% fewer than the number sold in August 2021. There was also a decrease in sales compared to July 2022. While inventory levels have been increasing slowly over the past few months after two years of high demand, the ratio of sales to active listings indicates the market is still favoring sellers at 28.14% compared to the balanced range of 15-20%. Home prices in the Victoria area continued to rise compared to the previous year but saw small decreases month-over-month.
Sales of single-family homes and condominiums in the Victoria real estate market decreased substantially in July 2022 compared to the previous year. There were 2,162 active property listings at the end of July, a 70% increase from July 2021. The president of the Victoria Real Estate Board said the slowdown in the market has created a calmer environment for buyers and sellers to make decisions. Home price indexes showed price increases from July 2021 to July 2022 but declines month-over-month, indicating fluctuations in the market due to higher interest rates and inflation.
Victoria Real Estate Board Statistics January 2021Vicky Aulakh
The Victoria real estate market saw strong sales in January 2021. Total property sales were up 57.2% from January 2020 and condominium sales specifically rose 83.1%. The luxury home market over $2 million also significantly increased its sales. Inventory remained low, down 32.5% from the previous year, continuing to fuel competitive bidding and price increases. The benchmark home price for single family homes in Victoria increased 8.3% year-over-year according to the MLS HPI.
Victoria Real Estate Board November 2022 Statistics with charts and graphs. A total of 384 properties sold in the Victoria Real Estate Board region this November, 41.2 per cent
fewer than the 653 properties sold in November 2021 and 20 per cent fewer than in October 2022.
Sales of condominiums were down 42.4 per cent from November 2021 with 136 units sold. Sales of
single family homes decreased 34.1 per cent from November 2021 with 182 sold.
Victoria Real Estate Board July 2021 StatisticsVicky Aulakh
Housing inventory in the Victoria region continued to decline in July 2021. Total property sales were down 14.7% from July 2020 levels, with fewer single family homes and condominiums sold. Active housing listings also declined significantly, down 52.1% year-over-year. Meanwhile, home prices rose substantially over the past year, with benchmark single family home values up 18.9% and condo values up 8.1% compared to July 2020. The president of the Victoria Real Estate Board attributed the lower sales to low housing inventory driving the tight market conditions.
Home sales and listings in Metro Vancouver increased in June 2020 compared to June 2019 and May 2020. Total home sales in June 2020 were up 17.6% year-over-year and up 64.5% month-over-month. Total home listings were up 21.8% year-over-year and up 57.1% month-over-month. While sales and listings activity is increasing, it remains below 10-year averages for the month of June. The benchmark home price index for all residential properties was up 3.5% year-over-year but down 0.3% month-over-month.
Victoria Real Estate Board August 2021 StatisticsVicky Aulakh
Sales of single-family homes in the Victoria region were down 29.9% in August 2021 compared to August 2020, while condominium sales increased 31.7%. Total active property listings were down 56.7% from the previous year due to a long-term lack of housing supply. The benchmark price of a single-family home increased 22.4% year-over-year to $1,089,400, and the benchmark price of a condominium rose 11.8% to $540,600, indicating continued upward pressure on home prices from low inventory levels.
- Home sales in Metro Vancouver increased 46.3% in September 2019 compared to September 2018, indicating demand has returned to more typical levels and creating a more balanced housing market.
- The benchmark home price for all residential properties in Metro Vancouver is $990,600, a 7.3% decrease from September 2018.
- The president of the Real Estate Board of Greater Vancouver says the current market conditions provide a more comfortable environment for buyers and sellers.
Real Estate Board of Greater Vancouver Statistics Package - November 2021VickyAulakh1
Home sales in Metro Vancouver remained high in November 2021, up 11.9% from November 2020, while housing listings continued to decline sharply. The supply of homes remains well below long-term averages and demand from buyers is driving prices up across the region. The real estate market is expected to end the year near record sale levels due to the ongoing imbalance of strong demand and limited housing supply.
Home sales in Metro Vancouver returned to historically typical levels in November 2019 after a quiet first half of the year. Residential home sales totalled 2,498 in November, a 55.3% increase from November 2018 but down 12.6% from October 2019. The benchmark home price for all residential properties was $993,700, representing a 4.6% decrease from November 2018. Detached home sales increased 59.9% compared to November 2018 while the benchmark detached home price decreased 5.8% over the same period.
Home sales and new listings in Metro Vancouver increased in August compared to the previous year. Total home sales were 3,047, up 36.6% from August 2019. New listings were 5,813, up 55.1% from the previous year. The benchmark home price index for all residential properties was $1,038,700, up 5.3% from August 2019. Sales remained strong for detached homes and apartments.
Real Estate Board of Greater Vancouver Statistics Package January 2021 Vicky Aulakh
- Home sales in Metro Vancouver increased 52.1% in January 2021 compared to January 2020, while new listings rose 15.7%.
- The supply of homes remains constrained, causing increased competition among buyers and upward pressure on home prices.
- The benchmark home price in Metro Vancouver rose 5.5% year-over-year to $1,056,600 in January 2021. Detached home prices increased 10.8% to $1,576,800, while apartment prices grew 2.2% to $680,800.
Home buyer competition is intensifying across Metro Vancouver's housing market, putting upward pressure on home prices. Residential home sales in February 2021 increased 73.3% from February 2020 and 56% from January 2021. The supply of homes listed for sale is not keeping up with demand, resulting in multiple offer situations and price increases, particularly for townhomes. The benchmark price for all residential properties in Metro Vancouver is now $1,084,000, up 6.8% from February 2020.
Metro Vancouver Statistics September 2021 VickyAulakh1
The document provides real estate market statistics for detached properties, townhomes, and condos in Metro Vancouver for September 2021 compared to the previous year. Key figures include:
- Total active listings decreased across all property types compared to September 2020. Detached listings decreased 20.2%, townhomes 35.2%, and condos 32.1%.
- Sales decreased for detached properties 27.4% and townhomes 22.9% compared to the previous year, while condo sales increased slightly by 1.9%.
- The average days on market decreased for all property types compared to September 2020, with the largest decrease for detached properties at 17.5%.
- The MLS HPI
- Housing sales in Metro Vancouver decreased 29.1% in April 2019 compared to April 2018, with reduced demand and increased supply.
- The number of homes listed for sale increased 46.2% compared to April 2018, reaching the highest level since October 2014. This is driven more by reduced demand than increased supply.
- Benchmark home prices decreased across property types, with detached homes seeing an 11.1% price decrease compared to April 2018.
Victoria Real Estate Board February 2022Vicky Aulakh
The Victoria real estate market saw a decrease in property sales in February 2022 compared to the previous year, with inventory levels remaining at record lows. While listings increased slightly from the previous month, inventory was still down 35.6% year-over-year. This lack of supply has prevented the market from cooling off, with benchmark home prices increasing over 20% in the Victoria core area for both single family homes and condominiums compared to February 2021. The Victoria Real Estate Board is calling on the government to focus on increasing housing supply through incentives and removing barriers to development to balance the market.
- Sales of residential and commercial properties in the Fraser Valley decreased 22.5% in March 2022 compared to March 2021 but increased 41.4% compared to February 2022. New listings also increased compared to the previous month.
- While sales and new listings decreased compared to the previous year, total active inventory increased compared to last month but remained lower than March 2021 levels. Benchmark home prices continued to rise month-over-month across all property types.
- The increases in new listings and inventory were seen as positive signs that could help slow price growth, but the market was still seen as imbalanced due to lack of housing supply. Interest rate hikes were also expected to impact new homebuyers more than other
Fraser Valley Real Estate Board February 2022Vicky Aulakh
The Fraser Valley Real Estate Board (FVREB) reported record high new property listings in February 2022. New listings increased 75% compared to January and 15% compared to February 2021. Total home sales decreased 35% compared to February 2021 but were 39% higher than January 2022. While inventory is still low, the recent increases in new listings provide hope that more choices for buyers may soften the hot real estate market. Home prices continued rising substantially across all property types in the Fraser Valley region.
May 2021 Real Estate Board of Greater Vancouver Statistics PackageVicky Aulakh
- Home sales and listings in Metro Vancouver slowed in May compared to record levels in March and April, though remained above long-term averages.
- Residential home sales totaled 4,268 in May, a 187% increase year-over-year but a 13% decrease from April.
- The number of newly listed homes was 7,125 in May, a 93% increase year-over-year but a 10% decrease from April.
- Benchmark home prices rose 14% year-over-year in Metro Vancouver, with detached homes seeing a 23% increase.
Sales of real estate in the Victoria area decreased in April 2022 compared to the previous year. A total of 824 properties sold in April 2022, which was 26.2% fewer than the 1,116 properties sold in April 2021. Both sales of single family homes and condominiums were down compared to the previous year. While inventory levels remained below historic averages, maintaining upward pressure on prices, the president of the Victoria Real Estate Board noted a softening of the market with lessening demand due to rising interest rates and inflation. The benchmark value of single family homes and condominiums in the Victoria area had still increased about 26-27% compared to the previous year.
The Victoria Real Estate Board reported on the June 2022 housing market in Victoria, BC. Sales decreased 35% from June 2021 with 612 properties sold. Inventory increased nearly 50% to 2,059 active listings. While rising inventory is improving choice for buyers, the President of VREB stressed the continued need for new housing supply to ensure long-term affordability given demand drivers like population growth. Benchmark home prices rose 23.6% for single-family homes and 29.7% for condos compared to June 2021.
Sales of real estate properties in the Victoria region decreased in August 2022 compared to the previous year. A total of 478 properties sold in August 2022, which was 42.5% fewer than the number sold in August 2021. There was also a decrease in sales compared to July 2022. While inventory levels have been increasing slowly over the past few months after two years of high demand, the ratio of sales to active listings indicates the market is still favoring sellers at 28.14% compared to the balanced range of 15-20%. Home prices in the Victoria area continued to rise compared to the previous year but saw small decreases month-over-month.
Sales of single-family homes and condominiums in the Victoria real estate market decreased substantially in July 2022 compared to the previous year. There were 2,162 active property listings at the end of July, a 70% increase from July 2021. The president of the Victoria Real Estate Board said the slowdown in the market has created a calmer environment for buyers and sellers to make decisions. Home price indexes showed price increases from July 2021 to July 2022 but declines month-over-month, indicating fluctuations in the market due to higher interest rates and inflation.
Victoria Real Estate Board Statistics January 2021Vicky Aulakh
The Victoria real estate market saw strong sales in January 2021. Total property sales were up 57.2% from January 2020 and condominium sales specifically rose 83.1%. The luxury home market over $2 million also significantly increased its sales. Inventory remained low, down 32.5% from the previous year, continuing to fuel competitive bidding and price increases. The benchmark home price for single family homes in Victoria increased 8.3% year-over-year according to the MLS HPI.
Victoria Real Estate Board November 2022 Statistics with charts and graphs. A total of 384 properties sold in the Victoria Real Estate Board region this November, 41.2 per cent
fewer than the 653 properties sold in November 2021 and 20 per cent fewer than in October 2022.
Sales of condominiums were down 42.4 per cent from November 2021 with 136 units sold. Sales of
single family homes decreased 34.1 per cent from November 2021 with 182 sold.
VREB September 2021 Statistics Package VickyAulakh1
- Housing sales in the Victoria region declined in September 2021 compared to the previous year, with 761 properties sold, down 23.1%. Condo sales rose 9.3% while single-family home sales dropped 38.6%.
- Inventory levels remain low, with 1,124 active listings at the end of September, a 53% decline from the previous year.
- Home prices continue to rise significantly due to the imbalance of high demand and low supply. The benchmark price of a single-family home rose 25.1% since September 2020 and condo prices increased 13.3%.
- The real estate board president said greater commitment to development is needed to address the long-term low inventory levels driving up
Victoria Real Estate Board March 2021 Statistics PackageVicky Aulakh
The Victoria Real Estate Board released statistics showing that the real estate market continues to surge in March 2021. A total of 1,173 properties sold in March, up 92.9% from March 2020. Sales of condominiums increased 111.8% and single family home sales rose 88.2% compared to the previous year. Limited housing supply coupled with high demand has defined the first quarter of 2021. The number of active listings declined 41.8% from March 2020 to 1,310 listings in March 2021. The president of the Victoria Real Estate Board stated that supply needs to be addressed by all levels of government to help balance the market. Benchmark home prices for single family homes increased 10.1% year-over-
Victoria Real Estate Board Statistics Package October 2021VickyAulakh1
The Victoria Real Estate Board reported declining property sales in October 2021 compared to the previous year. Total sales were down 24.7% and inventory levels were down 51.2% compared to October 2020. Both single family home and condominium sales saw year-over-year declines. Benchmark home prices increased substantially over the past year, with single family homes rising 25.3% and condominiums rising 14.4%. Low inventory levels continue to put upward pressure on home prices in the Victoria real estate market.
Victoria Real Estate Board April 2021 StatisticsVicky Aulakh
Sales of residential properties in the Victoria Real Estate Board region continued at a near record pace in May 2021. A total of 1,049 properties sold, 129.5% more than in May 2020 but 6% fewer than in April 2021. Inventory levels remained very low with 1,450 active listings, a 43% decline from May 2020. The benchmark value of a single family home in Victoria increased 17% year-over-year to $1,036,100, while the benchmark value for a condominium rose 5.2% to $526,000. Demand for housing in Victoria remains strong while low inventory puts upward pressure on prices.
Sales of residential properties in the Victoria real estate market surged in February 2021 compared to the previous year, with 863 properties sold, an increase of 53.3%. Sales of both single family homes and condominiums increased significantly by 43.9% and 65.7% respectively. However, active listings declined 38% to 1,318, exacerbating the pressure on supply in the tightly constrained market. The benchmark price of a single family home increased 9% year-over-year to $948,200 in February 2021, while the condominium benchmark price remained stable.
Victoria Real Estate Board June 2021 StatisticsVicky Aulakh
The real estate market in Victoria continues to see low inventory and strong demand in June 2021. Sales of properties increased 16.6% from June 2020 while listings decreased 49% in the same period. Benchmark home prices rose significantly, with single family homes increasing 18.6% and condominiums rising 8.3% compared to June 2020. The president of the Victoria Real Estate Board commented that shrinking inventory is having a strong impact on rising year-over-year prices, and various factors will need to be monitored as the summer market unfolds.
Victoria Real Estate Board Statistics December 2022 with charts and graphs. The 2022 Victoria real estate market year in review. A total of 320 properties sold in the Victoria Real Estate Board region this December, 26.9 per cent fewer than the 438 properties sold in December 2021 and a 16.7 per cent decrease from November 2022. Sales of condominiums were down 38.2 per cent from December 2021 with 94 units sold. Sales of single family homes decreased 24.6 per cent from December 2021 with 156 sold.
Housing in the Greater Victoria region remains in high demand. While sales in April 2021 were up significantly compared to April 2020 during the start of the pandemic, they were slightly lower than the previous month. There were 1,116 properties sold in April 2021, with sales of condominiums up 353.4% and single family homes up 246% compared to April 2020. However, active listings remained low at 1,454, down 36.9% compared to April 2020. The president of the Victoria Real Estate Board said the market has an imbalance with record low supply and high demand, making it difficult to balance. Benchmark home prices increased 12.6% for single family homes and 2.6% for condominiums
Victoria Real Estate Board Monthly Statistics Package September 2023.pdfVickyAulakh1
Sales of real estate properties in the Victoria region decreased in September 2022 compared to the previous year. A total of 410 properties sold in September 2022, a 46.1% decrease from September 2021. Both condominium and single family home sales decreased, by 58.8% and 33.2% respectively. While overall sales activity was lower than historical norms, well-priced properties continued to receive multiple offers. The number of active listings increased by 104.6% compared to September 2021, providing more housing supply. However, home prices continued rising, with benchmark single family home and condominium prices up 13.6% and 18.9% respectively from September 2021 levels.
Victoria Real Estate Board November 2020 Statistics PackageVicky Aulakh
The Victoria real estate market continues to experience strong demand and low supply. In November 2020, 795 properties sold, up 37.8% from November 2019. Condo sales increased 62.7% and single family home sales rose 21.8% compared to the previous year. Active listings declined 24.4% year-over-year to 1,813 properties. Benchmark home prices increased between 5.3-10% across different property types compared to November 2019, indicating continued upward pressure on home prices due to high demand and low inventory.
Victoria Real Estate Board September 2022 Statistics VickyAulakh1
Sales of residential properties in the Victoria real estate market decreased in August 2022 compared to the previous year. A total of 478 properties sold in August 2022, which was 42.5% fewer than the 831 properties sold in August 2021. There were 2,137 active listings for sale at the end of August 2022, a 90.8% increase from the 1,120 listings in August 2021. The president of the Victoria Real Estate Board commented that after two years of a strong sellers' market, sales have diminished in recent months as inventory levels have slowly increased, moving the market towards a more balanced state.
The Victoria Real Estate Board reported on the 2019 Victoria real estate market. Home sales in December 2019 increased 7.2% from December 2018, though were down 30.3% from November 2019. Total 2019 sales were up 1.47% over 2018 but below the 10-year average. The president noted limited housing supply and demand pushing buyers into multiple offer situations, especially for condos and townhomes priced for first-time buyers. Benchmark home prices declined slightly in Victoria Core but increased in surrounding areas, with continued pressure on pricing in the middle market segments.
Victoria Real Estate Board Stats Nov 19 Vicky Aulakh
The Victoria Real Estate market remains competitive with sales up in November 2019 compared to the previous year. While total listings decreased slightly year-over-year, demand continues to outpace supply, especially for lower to mid-priced homes. This is pushing up prices, making it challenging for buyers. The benchmark home price for single family homes decreased slightly while the condo benchmark price increased over the past year. An adequate understanding of market trends and pricing is important for buyers and sellers to have success in the current competitive environment.
Victoria Real Estate Board Statistics January 2020Vicky Aulakh
The Victoria real estate market saw an increase in property sales in January 2020 compared to the previous year. Total sales were up 24.9% from January 2019. However, inventory remains low with only a small increase in active listings from the previous month. Low inventory is putting pressure on the market as demand outpaces supply. The Victoria Real Estate Board president notes that while demand-side measures introduced over a year ago have not increased affordability, focusing on supply-side solutions like reducing development costs could help alleviate market pressures by introducing more housing options. Benchmark home prices in January 2020 were up slightly from the previous month but increased 1.4% for single-family homes and 4.1% for condominiums compared to January
Similar to December 2021 Victoria Real Estate Board Statistics Package (20)
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The document contains floor plans and unit details for a new residential development with the following key points:
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December 2021 Victoria Real Estate Board Statistics Package
1. VICTORIA REAL ESTATE BOARD
3035 Nanaimo Street
Victoria, BC
V8T 4W2
T 250.385.7766
F 250.385.8773
www.vreb.org
www.openhousesvictoria.ca
January 4, 2022
The 2021 Victoria real estate market year in review
A total of 438 properties sold in the Victoria Real Estate Board region this December, 30.6 per cent fewer than
the 631 properties sold in December 2020 and a 32.9 per cent decrease from November 2021. Sales of
condominiums were down 22.1 per cent from December 2020 with 152 units sold. Sales of single family homes
decreased 34.1 per cent from December 2020 with 207 sold.
A grand total of 10,052 properties sold over the course of 2021, 18.3 per cent more than the 8,497 that sold in
2020. 2021 sales came in close to 2016’s record breaking sales year where 10,622 properties were sold.
“The theme of this year has been very consistent,” says 2021 Victoria Real Estate Board President David
Langlois. “Each month a high demand for homes paired with record low inventory has put strong pressure on
pricing and attainability and has made the local and global housing market a top news item and political talking
point. We see stories from many countries highlighting the increasing desirability of home ownership in the
wake of the pandemic. We leave this year with the lowest number of properties for sale that we have had on
record – but with such strong demand that most transactions see multiple offers.”
There were 652 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
December 2021, a decrease of 26.5 per cent compared to the previous month of November and a 49 per cent
decrease from the 1,279 active listings for sale at the end of December 2020. This represents the lowest
inventory of active listings at month-end in at least the last 25 years.
“We have spoken throughout the year about the need for new housing supply at all levels to help moderate
prices and improve attainability,” adds President Langlois. “Some of our municipalities have begun to look at
ways to make it easier for new homes to be brought to market and we applaud and encourage any movement
in this area – it has been far too difficult and expensive to build homes in our region. The situation we are now
in is because of the deficit of supply that has compounded over the past decades of hesitation around growth.
However, governments at the federal and provincial level have instead chosen to focus elsewhere and invest
their time re-inventing the process of how homes are sold in Canada by creating new rules which include the
introduction of a ‘cooling-off’ period. These measures will do nothing to improve our market, nor will they
increase consumer protection. The process of how a home is sold is not the issue - homes will sell for what
consumers will pay for them – using any sales process. The issue is how homes are brought to the marketplace
and our huge lack of supply. Governments should expend their resources to address supply issues that
continue to drive up competition for homes and result in ever increasing prices.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
December 2020 was $915,300. The benchmark value for the same home in December 2021 increased by 25.1
per cent to $1,144,900, up from November’s value of $1,122,600. The MLS® HPI benchmark value for a
condominium in the Victoria Core area in December 2020 was $487,100, while the benchmark value for the
PRESIDENT
Karen Dinnie-Smyth
PRESIDENT ELECT
Graden Sol
TREASURER
Jackie Ngai
PAST PRESIDENT
David Langlois
DIRECTORS
Sheila Aujla
Bev Berger
Fergus Kyne
Laurie Lidstone
Dirk VanderWal
EXECUTIVE OFFICER
David Corey
2. 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
same condominium in December 2021 increased by 17.1 per cent to $570,600, up from the November
value of $560,700.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the
development of standards and innovative programs to enhance the professionalism of REALTORS®. The
Victoria Real Estate Board represents 1,524 local Realtors. If you are thinking about buying or selling a home,
connect with your local Realtor for detailed information on the Victoria and area housing market.
3. Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$
Average$
LY%
LM% LY%
LM% LY%
LM% Units Median$
Average$ Units Median$
Average$
December 2021
198
152
49
7
415
207
438
9
652
262
236
76
12
600
276
653
14
887
296
195
57
9
575
314
631
18
1,279
$1,324,154
$663,079
$822,876
$284,771
$1,330,847
$1,478,111
$1,225,000
$566,898
$770,000
$268,250
$1,215,000
$1,075,000
$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
$992,202
$485,312
$681,616
$253,378
$970,597
$615,313
$901,000
$435,000
$625,000
$227,500
$899,000
$537,448
-24.4%
-35.6%
-35.5%
-41.7%
-30.8%
-25.0%
-32.9%
-35.7%
-26.5%
-33.1%
-22.1%
-14.0%
-22.2%
-27.8%
-34.1%
-30.6%
-50.0%
-49.0%
-1.5%
2.2%
1.9%
3.2%
0.0%
40.0%
33.5%
36.6%
20.7%
12.4%
37.1%
140.2%
-1.6%
-3.1%
-3.8%
-1.9%
-1.6%
27.6%
36.0%
30.3%
23.2%
17.9%
35.2%
100.0%
November 2021 December 2020
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Total Residential: includes sales of residential property types
Total Sales: includes sales of all property types
Active Listings: total listings of all types on the market at midnight on the last day of the month
This Month Last Month
Produced: 01-Jan-2022
December 2021
Previous Periods Comparison
This Month Last Year
Page 1 of 1
Victoria Real Estate Board Multiple Listing Service ®
December 2021
Statistics Package for Media
Victoria Real Estate Board December 2021 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values
4. 6DOHVWR$FWLYH/LVWLQJV5DWLR
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6. 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 December 2021 Statistics
Total new MLS® listings and total MLS® sales for entire district
7. 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 December 2021 Statistics
8. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board December 2021 Statistics
9. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
December 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
$999,700
$998,900
$980,500
$976,500
$973,000
$967,000
$965,700
$960,600
$959,300
$952,000
$949,500
$946,600
$939,100
$937,300
$935,200
$930,700
$925,100
$924,500
$916,600
$912,400
$907,100
$904,600
$902,600
$891,200
$888,800
$885,100
$882,700
$876,000
$875,000
$874,800
$874,700
$855,600 $852,200
$844,700
$838,800
$838,600
$836,300
$833,800
$832,200
$826,100
$825,600
$814,400
$809,000
$790,500
$790,200
$774,900
$772,600
$763,400
$760,600
$758,200
$756,100
$755,000
$754,100
$752,800
$748,500
$735,300
$725,300
$716,300
$706,900
$692,600
$682,200
$681,900
$669,300
$666,900
$666,500
$665,300
$657,400
$654,800
$652,700
$640,800
$640,500
$637,500
$628,400
$573,500
$567,500
$563,100
$561,200
$552,000
$542,500
$536,400
$525,800
$521,400
$496,500
$493,000
$487,900
$455,400
$449,900
$426,700
$394,500
$377,600
$370,800
$358,000
$357,400
$349,200
$332,600
$329,100
$316,500
$308,000
$292,400
$284,200
$282,300
$271,500
$265,000
$1,585,800 $1,575,300 $1,513,500 $1,498,600
$1,352,500
$1,349,400
$1,348,600
$1,342,500
$1,339,000
$1,311,000
$1,310,400
$1,287,800
$1,272,500
$1,263,700
$1,257,900
$1,245,500 $1,233,200
$1,209,900
$1,157,900 $1,138,600 $1,121,600
$1,096,700
$1,090,800
$1,082,200
$1,081,000
$1,073,600
$1,066,800
$1,054,900
$1,052,900
$1,050,500
$1,040,700
$1,038,400
$1,034,500
$1,033,800
$1,032,500
$1,022,300
$1,013,900
$1,012,800
$1,010,100
$1,006,400
$1,001,200
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)
10. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
December 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
345.0 339.8 325.3
321.2
318.3
316.5
315.5
312.7
311.9
308.7
307.3
306.9
305.2
303.1
303.1
301.9
300.8
300.4
300.3
299.2
298.3
298.0
297.6
296.7
295.5
294.8
293.5
290.7
290.0
288.9
288.9
288.6
287.3
287.0
286.7
286.6
286.2
285.4
284.5
284.3
284.0
283.2
282.8
282.8
281.6
281.6
279.0
278.8
277.2
276.9
276.4
274.3
274.2
274.0
273.7
273.7
273.5
272.3
271.8
271.6
271.5
270.8
269.6
268.7
267.2
265.8
264.9
260.4
259.0
258.1
251.3
245.8
245.1
245.1
245.0
243.7
241.7
238.7
236.5
236.4
236.1
235.5
234.5
232.9
231.5
229.5
229.4
228.9
227.9
224.5
222.8
221.9
221.8
219.5
219.2
215.8
211.2
211.0
208.5
207.7
207.0
205.0
202.4
200.3
199.7
198.7
198.3
194.7
193.7
192.6
192.2
192.1
192.0
186.9
186.6
182.9
182.9
181.2
171.4
169.3
168.8
168.7
166.5
161.0
159.4
139.1 100.0
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
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)
11. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
December 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
$742,100
$742,100 $739,900 $706,800
$704,400
$690,000
$683,100
$683,100
$677,600
$673,500
$663,700
$654,500 $631,600 $630,600
$606,400
$593,100
$563,600
$563,500
$558,600
$557,800
$556,300
$555,400
$554,600
$554,300
$549,000
$544,800
$542,700
$538,300
$535,600
$528,300
$526,500
$525,400
$524,300
$523,800
$512,600
$510,200
$509,600
$509,300
$505,200
$505,000
$504,900
$503,800
$503,700
$502,900 $491,700 $491,300
$490,800 $485,600
$485,300
$481,900
$480,800
$479,700
$472,700
$472,200
$471,800 $470,800
$470,700
$465,000
$459,800
$458,400
$455,200
$455,000
$446,800
$443,100
$432,100
$431,200
$427,400
$423,500
$415,400
$412,800 $410,400 $409,600
$409,500
$409,300
$407,400
$401,800
$387,500
$387,100
$382,100 $378,600 $378,300
$358,900
$354,300
$354,000
$348,300
$346,600
$345,900 $330,300
$330,000
$327,200
$308,000
$307,500
$304,600
$303,000
$295,000
$282,200
$276,900
$266,900
$245,200
$238,700
$209,400
$205,900
$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)
12. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
December 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
341.5 340.6
328.9 325.1
322.2
318.3
317.7
317.5
315.8 315.2
313.2
312.9 310.0 309.8
305.6 302.4
302.2
300.1
300.1
298.5
297.9
295.1
294.2
292.2
290.8
287.5
286.3
286.2
286.0
285.2
282.4
279.5
278.9
278.0
278.0 277.2
277.0
275.9
275.6 274.8
274.2
273.3
268.6
266.6
266.2
264.8
264.6
264.6
264.2
262.0
260.1
259.3
257.4
254.6
254.2
254.1
253.7
252.3
251.7
250.7
249.4
249.2
247.5 247.0
246.7
245.1 244.9
244.7
242.8
241.3
239.7
239.6
234.4
233.7
231.1
229.3
222.2
221.6
220.9
219.0
209.4
207.1
204.9
200.3
198.8
193.3
190.8
190.7
188.7
188.3
187.5
183.7
171.9
171.5
164.5
158.9
147.8
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
– Condo Apartment (Con)
13. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
December 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 $938,000 $922,300
$892,400 $874,400
$868,800
$859,500
$850,700
$834,300
$830,600
$828,300
$827,900
$821,800
$818,100
$814,600
$813,800
$810,600 $800,900
$799,500
$792,500
$788,900
$773,600
$770,500
$764,400
$764,200
$763,300
$753,300
$750,400
$750,200
$737,200
$735,700
$732,800
$729,800
$728,300
$725,600
$725,400
$718,800
$717,100
$711,700
$709,400
$707,100
$706,000
$691,900
$690,600
$690,500
$679,400
$673,800
$668,300
$667,700
$664,400
$662,500
$661,000
$656,400
$653,000
$649,700
$640,500
$638,400
$635,100
$629,700 $621,000
$610,500
$607,600
$599,300
$598,600
$595,000
$585,500
$583,400
$576,700
$576,200 $566,000
$564,400
$562,800
$559,200
$547,100
$543,000
$534,500
$529,500
$526,000
$524,400
$520,300
$517,500
$515,200
$493,600
$493,000
$488,400
$478,000
$471,500
$460,500
$448,500
$445,900
$439,400
$425,100
$422,700
$411,500
$409,600
$405,300
$403,400
$366,700
$363,300
$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
$204,100
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Townhouse (Twn)
14. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
December 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat Area – Twn
GI Gulf Islands – Twn
391.7 377.5 361.2
352.5
352.2
346.6
342.4 338.2
335.4 330.7
326.5
323.0
321.6
316.0
314.8
311.4
302.9
302.0
301.0
297.0
294.1
293.9
287.3
287.1
285.1
284.6
281.9
281.2
280.2
278.5
276.5
276.2
275.7
274.1
274.0
273.7
273.1
272.9
271.2
271.0
269.6
268.7
267.5
267.3
265.3
265.0
264.3
263.9
263.6
261.5
259.8
258.4
257.1
256.2
255.1
254.4
252.2
251.8
244.4
235.7
235.6
234.9
234.1
231.2
230.5
229.7
228.0
226.5
222.6
221.1
217.3
217.2
215.1
214.4
213.4
211.1
210.2
208.7
208.3
207.3
200.7
194.7
188.1
186.7
186.5
185.5
184.8
176.4
175.0
172.8
172.1
172.0
172.0
170.1
160.1
156.3
154.2
151.6 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Townhouse (Twn)
15. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
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
16. 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 ($)
200,000
300,000
400,000
500,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
– Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
17. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
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
19. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
December 2021
District
Produced: 01-Jan-2022
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 25 $33,934,681
Oak Bay 12 $23,679,986
Esquimalt 4 $4,816,000
View Royal 4 $4,936,000
Saanich East 27 $42,571,005
Saanich West 17 $20,083,611
Central Saanich 10 $15,802,000
North Saanich 16 $27,039,300
Sidney 4 $4,291,000
Highlands 1 $1,380,000
Colwood 11 $12,399,833
Langford 22 $27,809,987
Metchosin 2 $3,257,000
Sooke 22 $22,709,124
Gulf Islands 21 $17,472,900
Total Greater Victoria 198 $262,182,427
Other Areas
Malahat Area 9 $13,303,000
Total Other Areas 9 $13,303,000
Total Single Family Detached 207 $275,485,427
Condo Apartment
l
Greater Victoria
Victoria / Victoria West 67 $42,559,387
Oak Bay 3 $2,381,800
Esquimalt 13 $9,390,200
View Royal 6 $3,831,645
Saanich East 18 $11,596,700
Saanich West 7 $4,299,000
Central Saanich 2 $1,205,000
Sidney 12 $8,590,700
Colwood 2 $1,464,900
Langford 21 $15,068,715
Sooke 1 $400,000
Total Greater Victoria 152 $100,788,047
Total Condo Apartment 152 $100,788,047
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
20. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
December 2021
District
Produced: 01-Jan-2022
Row/Townhouse
l
Greater Victoria
Victoria / Victoria West 5 $4,905,900
View Royal 3 $2,273,650
Saanich East 9 $8,557,001
Saanich West 1 $770,000
Central Saanich 2 $1,367,000
Sidney 2 $2,460,000
Colwood 1 $881,895
Langford 19 $15,130,870
Sooke 6 $3,814,600
Gulf Islands 1 $160,000
Total Greater Victoria 49 $40,320,916
Total Row/Townhouse 49 $40,320,916
Manufactured Home
l
Greater Victoria
View Royal 2 $276,900
Central Saanich 2 $600,000
Sidney 1 $500,000
Sooke 2 $616,500
Total Greater Victoria 7 $1,993,400
Total Manufactured Home 7 $1,993,400
Total Residential 415 $418,587,790
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
21. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
December 2021
District
Produced: 01-Jan-2022
$446,668,752
438
Grand Totals
Other Property
Lots Acreage
l
Greater Victoria
Saanich East 1 $1,425,000
Saanich West 1 $2,010,000
North Saanich 1 $2,157,000
Langford 2 $494,000
Sooke 3 $2,715,000
Total Greater Victoria 8 $8,801,000
Other Areas
Malahat Area 2 $1,230,000
Total Other Areas 2 $1,230,000
Total Lots Acreage 10 $10,031,000
1 $2,750,000
Commercial Land
l
12 $15,299,962
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®
22. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
December 2021
District
Produced: 01-Jan-2022
Residential
Single Family Detached
l
Greater Victoria
Victoria 20 $27,783,681
Victoria West 3 $2,876,000
Oak Bay 11 $20,554,986
Esquimalt 4 $4,816,000
View Royal 4 $4,936,000
Saanich East 26 $37,346,005
Saanich West 17 $20,083,611
Central Saanich 10 $15,802,000
North Saanich 15 $25,029,300
Sidney 4 $4,291,000
Highlands 1 $1,380,000
Colwood 11 $12,399,833
Langford 22 $27,809,987
Metchosin 2 $3,257,000
Sooke 21 $21,209,124
Gulf Islands 15 $15,440,900
Waterfront (all districts) 12 $17,167,000
Total Greater Victoria 198 $262,182,427
Other Areas
Malahat Area 9 $13,303,000
Total Other Areas 9 $13,303,000
Total Single Family Detached 207 $275,485,427
Condo Apartment
l
Greater Victoria
Victoria 60 $35,394,487
Victoria West 4 $4,359,900
Oak Bay 3 $2,381,800
Esquimalt 13 $9,390,200
View Royal 5 $3,256,645
Saanich East 18 $11,596,700
Saanich West 7 $4,299,000
Central Saanich 2 $1,205,000
Sidney 9 $5,171,700
Colwood 2 $1,464,900
Langford 21 $15,068,715
Sooke 1 $400,000
Waterfront (all districts) 7 $6,799,000
Total Greater Victoria 152 $100,788,047
Total Condo Apartment 152 $100,788,047
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
23. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
December 2021
District
Produced: 01-Jan-2022
Row/Townhouse
l
Greater Victoria
Victoria 5 $4,905,900
View Royal 3 $2,273,650
Saanich East 8 $7,307,001
Saanich West 1 $770,000
Central Saanich 2 $1,367,000
Sidney 2 $2,460,000
Colwood 1 $881,895
Langford 19 $15,130,870
Sooke 6 $3,814,600
Gulf Islands 1 $160,000
Waterfront (all districts) 1 $1,250,000
Total Greater Victoria 49 $40,320,916
Total Row/Townhouse 49 $40,320,916
Manufactured Home
l
Greater Victoria
View Royal 2 $276,900
Central Saanich 2 $600,000
Sidney 1 $500,000
Sooke 2 $616,500
Total Greater Victoria 7 $1,993,400
Total Manufactured Home 7 $1,993,400
Total Residential 415 $418,587,790
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
24. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
December 2021
District
Produced: 01-Jan-2022
$446,668,752
438
Grand Totals
Other Property
Lots Acreage
l
Greater Victoria
Saanich East 1 $1,425,000
Saanich West 1 $2,010,000
North Saanich 1 $2,157,000
Langford 2 $494,000
Sooke 3 $2,715,000
Total Greater Victoria 8 $8,801,000
Other Areas
Malahat Area 2 $1,230,000
Total Other Areas 2 $1,230,000
Total Lots Acreage 10 $10,031,000
1 $2,750,000
Commercial Land
l
12 $15,299,962
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®
25. Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
December 2021
Produced: 01-Jan-2022
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
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
Dec
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
26. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
Single Family - Residential
Units Listed 129
Units Sold 168
Sell/List Ratio 130
Sales Dollars $214,742,903
Average Price / Unit $1,278,232
Price Ratio 104
Days To Sell 22
Active Listings at Month End 121
%
%
192
257
134
$247,076,844
$961,388
100
32
250
%
%
-33
-35
-13
33
-32
-52
%
%
%
%
%
%
4393
3708
84
$4,294,168,818
$1,158,082
103
19
%
%
4794
3573
75
$3,349,923,234
$937,566
99
35
%
%
-8
4
28
24
-45
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 8
Units Sold 8
Sell/List Ratio 100
Sales Dollars $16,935,000
Average Price / Unit $2,116,875
Price Ratio 97
Days To Sell 31
Active Listings at Month End 35
%
%
5
17
340
$32,665,000
$1,921,471
94
129
44
%
%
60
-53
-48
10
-76
-20
%
%
%
%
%
%
343
246
72
$497,589,846
$2,022,723
99
48
%
%
400
279
70
$501,502,742
$1,797,501
95
103
%
%
-14
-12
-1
13
-54
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 13
Units Sold 19
Sell/List Ratio 146
Sales Dollars $34,938,000
Average Price / Unit $1,838,842
Price Ratio 99
Days To Sell 54
Active Listings at Month End 30
%
%
12
16
133
$8,851,900
$553,244
92
59
62
%
%
8
19
295
232
-7
-52
%
%
%
%
%
%
459
369
80
$574,526,452
$1,556,982
100
41
%
%
506
346
68
$384,805,804
$1,112,156
97
61
%
%
-9
7
49
40
-34
%
%
%
%
%
Condo Apartment
Units Listed 134
Units Sold 152
Sell/List Ratio 113
Sales Dollars $100,788,047
Average Price / Unit $663,079
Price Ratio 102
Days To Sell 18
Active Listings at Month End 141
%
%
139
195
140
$94,635,812
$485,312
99
49
383
%
%
-4
-22
7
37
-64
-63
%
%
%
%
%
%
4003
3449
86
$1,939,213,390
$562,254
100
26
%
%
3996
2403
60
$1,164,094,944
$484,434
98
41
%
%
0
44
67
16
-38
%
%
%
%
%
Page 1 of 8
Victoria Real Estate Board Multiple Listing Service ®
27. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
Row/Townhouse
Units Listed 49
Units Sold 49
Sell/List Ratio 100
Sales Dollars $40,320,916
Average Price / Unit $822,876
Price Ratio 104
Days To Sell 16
Active Listings at Month End 39
%
%
37
57
154
$38,852,095
$681,616
99
40
76
%
%
32
-14
4
21
-61
-49
%
%
%
%
%
%
1288
1134
88
$834,636,850
$736,011
102
22
%
%
1376
1049
76
$643,585,518
$613,523
99
42
%
%
-6
8
30
20
-46
%
%
%
%
%
Half Duplex (Up and Down)
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
%
%
2
0
$0
2
%
%
-100
0
%
%
%
%
%
%
25
17
68
$17,734,200
$1,043,188
101
23
%
%
10
7
70
$6,281,500
$897,357
99
68
%
%
150
143
182
16
-67
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 8
Units Sold 5
Sell/List Ratio 63
Sales Dollars $4,320,524
Average Price / Unit $864,105
Price Ratio 104
Days To Sell 12
Active Listings at Month End 8
%
%
12
18
150
$12,310,800
$683,933
101
43
23
%
%
-33
-72
-65
26
-71
-65
%
%
%
%
%
%
272
241
89
$193,679,255
$803,648
103
21
%
%
210
154
73
$103,809,144
$674,085
100
34
%
%
30
56
87
19
-37
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 1
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
2
1
50
$415,000
$415,000
98
155
4
%
%
-50
-100
-100
-75
%
%
%
%
%
%
40
31
78
$25,604,050
$825,937
104
18
%
%
28
22
79
$14,702,300
$668,286
99
35
%
%
43
41
74
24
-49
%
%
%
%
%
Page 2 of 8
Victoria Real Estate Board Multiple Listing Service ®
28. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
Recreational
Units Listed 3
Units Sold 4
Sell/List Ratio 133
Sales Dollars $232,000
Average Price / Unit $58,000
Price Ratio 100
Days To Sell 10
Active Listings at Month End 6
%
%
2
3
150
$217,900
$72,633
93
47
9
%
%
50
33
6
-20
-80
-33
%
%
%
%
%
%
36
36
100
$6,764,000
$187,889
101
172
%
%
34
20
59
$3,730,800
$186,540
91
169
%
%
6
80
81
1
2
%
%
%
%
%
Manufactured Home
Units Listed 7
Units Sold 7
Sell/List Ratio 100
Sales Dollars $1,993,400
Average Price / Unit $284,771
Price Ratio 100
Days To Sell 74
Active Listings at Month End 26
%
%
8
9
113
$2,280,400
$253,378
97
52
24
%
%
-13
-22
-13
12
41
8
%
%
%
%
%
%
253
180
71
$61,725,556
$342,920
99
37
%
%
190
158
83
$39,010,897
$246,904
96
56
%
%
33
14
58
39
-35
%
%
%
%
%
Residential Lots
Units Listed 13
Units Sold 3
Sell/List Ratio 23
Sales Dollars $1,919,000
Average Price / Unit $639,667
Price Ratio 96
Days To Sell 26
Active Listings at Month End 32
%
%
9
25
278
$11,425,000
$457,000
95
136
80
%
%
44
-88
-83
40
-81
-60
%
%
%
%
%
%
279
225
81
$120,743,329
$536,637
98
75
%
%
312
175
56
$84,725,512
$484,146
97
115
%
%
-11
29
43
11
-35
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $2,157,000
Average Price / Unit $2,157,000
Price Ratio 98
Days To Sell 25
Active Listings at Month End 4
%
%
1
4
400
$1,994,900
$498,725
95
109
16
%
%
0
-75
8
333
-77
-75
%
%
%
%
%
%
37
34
92
$23,962,700
$704,785
97
151
%
%
67
28
42
$20,875,425
$745,551
95
135
%
%
-45
21
15
-5
12
%
%
%
%
%
Page 3 of 8
Victoria Real Estate Board Multiple Listing Service ®
29. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
Residential Acreage
Units Listed 5
Units Sold 5
Sell/List Ratio 100
Sales Dollars $5,020,000
Average Price / Unit $1,004,000
Price Ratio 99
Days To Sell 68
Active Listings at Month End 20
%
%
5
9
180
$4,093,000
$454,778
98
205
40
%
%
0
-44
23
121
-67
-50
%
%
%
%
%
%
118
97
82
$67,585,760
$696,760
99
93
%
%
143
88
62
$53,324,050
$605,955
93
161
%
%
-17
10
27
15
-42
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $935,000
Average Price / Unit $935,000
Price Ratio 95
Days To Sell 160
Active Listings at Month End 4
%
%
1
6
600
$3,750,000
$625,000
96
88
19
%
%
0
-83
-75
50
83
-79
%
%
%
%
%
%
30
35
117
$38,769,900
$1,107,711
94
163
%
%
42
29
69
$21,247,682
$732,679
92
157
%
%
-29
21
82
51
3
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 3
Sell/List Ratio 100
Sales Dollars $4,317,000
Average Price / Unit $1,439,000
Price Ratio 104
Days To Sell 30
Active Listings at Month End 1
%
%
1
2
200
$3,230,000
$1,615,000
97
50
5
%
%
200
50
34
-11
-41
-80
%
%
%
%
%
%
95
61
64
$73,187,296
$1,199,792
102
20
%
%
54
37
69
$38,929,758
$1,052,156
97
47
%
%
76
65
88
14
-57
%
%
%
%
%
Revenue - Multi Units
Units Listed 0
Units Sold 4
Sell/List Ratio
Sales Dollars $10,150,000
Average Price / Unit $2,537,500
Price Ratio 96
Days To Sell 62
Active Listings at Month End 11
%
%
5
1
20
$2,950,000
$2,950,000
82
118
20
%
%
-100
300
244
-14
-48
-45
%
%
%
%
%
%
71
42
59
$104,696,388
$2,492,771
96
71
%
%
49
12
24
$20,250,000
$1,687,500
91
74
%
%
45
250
417
48
-4
%
%
%
%
%
Page 4 of 8
Victoria Real Estate Board Multiple Listing Service ®
30. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
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 0
Units Sold 1
Sell/List Ratio
Sales Dollars $249,900
Average Price / Unit $249,900
Price Ratio 100
Days To Sell 92
Active Listings at Month End 20
%
%
3
4
133
$4,145,800
$1,036,450
94
148
42
%
%
-100
-75
-94
-76
-38
-52
%
%
%
%
%
%
96
45
47
$46,003,196
$1,022,293
96
102
%
%
95
25
26
$24,010,250
$960,410
96
89
%
%
1
80
92
6
14
%
%
%
%
%
Revenue - Industrial
Units Listed 5
Units Sold 3
Sell/List Ratio 60
Sales Dollars $4,900,000
Average Price / Unit $1,633,333
Price Ratio 108
Days To Sell 43
Active Listings at Month End 12
%
%
2
1
50
$620,000
$620,000
98
39
8
%
%
150
200
690
163
11
50
%
%
%
%
%
%
38
18
47
$26,341,868
$1,463,437
100
71
%
%
12
9
75
$6,540,200
$726,689
98
90
%
%
217
100
303
101
-21
%
%
%
%
%
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
1
100
$625,000
$625,000
104
50
5
%
%
-100
-100
-100
-40
%
%
%
%
%
%
7
2
29
$3,403,186
$1,701,593
85
142
%
%
45
21
47
$34,303,992
$1,633,523
92
152
%
%
-84
-90
-90
4
-7
%
%
%
%
%
Page 5 of 8
Victoria Real Estate Board Multiple Listing Service ®
31. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
Business Only
Units Listed 4
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 38
%
%
5
1
20
$70,000
$70,000
71
91
29
%
%
-20
-100
-100
31
%
%
%
%
%
%
97
14
14
$3,256,500
$232,607
92
167
%
%
100
21
21
$1,555,000
$74,048
75
116
%
%
-3
-33
109
214
43
%
%
%
%
%
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 2
Sell/List Ratio 100
Sales Dollars $42
Average Price / Unit $21
Price Ratio 100
Days To Sell 64
Active Listings at Month End 44
%
%
5
1
20
$17
$17
101
74
80
%
%
-60
100
144
22
-14
-45
%
%
%
%
%
%
96
23
24
$2,181
$95
97
130
%
%
113
11
10
$178
$16
125
156
%
%
-15
109
1126
486
-17
%
%
%
%
%
Lease - Retail
Units Listed 7
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 30
%
%
3
2
67
$187,682
$93,841
5325
199
37
%
%
133
-100
-100
-19
%
%
%
%
%
%
74
27
36
$353,857
$13,106
86
129
%
%
68
19
28
$578,655
$30,456
10684
179
%
%
9
42
-39
-57
-28
%
%
%
%
%
Page 6 of 8
Victoria Real Estate Board Multiple Listing Service ®
32. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
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 0
Units Sold 2
Sell/List Ratio
Sales Dollars $20
Average Price / Unit $10
Price Ratio 91
Days To Sell 72
Active Listings at Month End 3
%
%
1
1
100
$13
$13
100
17
5
%
%
-100
100
54
-23
324
-40
%
%
%
%
%
%
17
5
29
$69
$14
97
56
%
%
7
4
57
$54
$13
96
160
%
%
143
25
27
2
-65
%
%
%
%
%
Lease - Other
Units Listed 1
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 4
%
%
2
0
$0
4
%
%
-50
0
%
%
%
%
%
%
10
3
30
$2,890,623
$963,541
4899361
75
%
%
55
2
4
$30
$15
61
%
%
-82
50
9635310
6423507
23
%
%
%
%
%
Commercial Land
Units Listed 5
Units Sold 1
Sell/List Ratio 20
Sales Dollars $2,750,000
Average Price / Unit $2,750,000
Price Ratio 100
Days To Sell 997
Active Listings at Month End 17
%
%
1
0
$0
12
%
%
400
42
%
%
%
%
%
%
29
10
34
$19,962,500
$1,996,250
95
301
%
%
34
2
6
$6,225,000
$3,112,500
100
432
%
%
-15
400
221
-36
-30
%
%
%
%
%
Page 7 of 8
Victoria Real Estate Board Multiple Listing Service ®
33. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
December 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jan-2022
Units Listed 399
Units Sold 438
Sell/List Ratio 110
Sales Dollars $446,668,752
Average Price / Unit $1,019,792
Price Ratio 103
Days To Sell 26
Active Listings at Month End 652
%
%
Grand Totals
456
631
138
$470,397,163
$745,479
99
52
1279
%
%
-13
-31
-5
37
-49
-49
%
%
%
%
%
%
12206
10052
82
$8,976,801,770
$893,036
102
29
%
%
12752
8497
67
$6,532,511,568
$768,802
98
47
%
%
-4
18
37
16
-38
%
%
%
%
%
Page 8 of 8
Victoria Real Estate Board Multiple Listing Service ®