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.
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.
Sales of single family homes in the Victoria area increased 15.5% in August 2019 compared to August 2018, while condo sales rose 4.1%. The number of active listings decreased 12.7% year-over-year. Median home prices were mixed - the benchmark price for single family homes fell 4.6% to $847,300, while the condo benchmark price rose 2.9% to $518,100. The real estate board president noted stable pricing overall with entry-level homes selling quickly when priced right and higher-end properties moving more slowly.
The Victoria real estate market experienced an active summer with property sales up significantly from August 2019. A total of 979 properties sold in August 2020, which was 48.1% higher than August 2019. Sales of both single family homes and condominiums increased substantially compared to the previous year. While demand was high, active listings decreased by 8.9% from August 2019, which increased competition for desirable properties. The real estate board president noted that the market remains challenging to analyze due to the unique factors of the pandemic, and the fall market will depend on new inventory levels and how the community manages COVID-19 impacts.
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 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-
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 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
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 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.
Sales of single family homes in the Victoria area increased 15.5% in August 2019 compared to August 2018, while condo sales rose 4.1%. The number of active listings decreased 12.7% year-over-year. Median home prices were mixed - the benchmark price for single family homes fell 4.6% to $847,300, while the condo benchmark price rose 2.9% to $518,100. The real estate board president noted stable pricing overall with entry-level homes selling quickly when priced right and higher-end properties moving more slowly.
The Victoria real estate market experienced an active summer with property sales up significantly from August 2019. A total of 979 properties sold in August 2020, which was 48.1% higher than August 2019. Sales of both single family homes and condominiums increased substantially compared to the previous year. While demand was high, active listings decreased by 8.9% from August 2019, which increased competition for desirable properties. The real estate board president noted that the market remains challenging to analyze due to the unique factors of the pandemic, and the fall market will depend on new inventory levels and how the community manages COVID-19 impacts.
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 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-
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 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
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.
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
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 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 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.
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.
- Sales of residential properties in the Victoria region increased substantially in July 2020 compared to the same month last year, with 979 properties sold, up 38.7% from July 2019.
- The number of single family home sales saw the biggest jump, increasing 61.1% compared to July 2019. Condominium sales were also up, rising 11.2% year-over-year.
- Total active residential listings on the market decreased 10% from July 2019 levels to 2,653 properties. While new listings were added, many were quickly sold amid strong buyer demand and limited inventory.
The Victoria Real Estate Board reported on the July 2019 real estate market statistics for Greater Victoria. Sales increased 8.4% from July 2018 with 706 properties sold. Condominium sales rose 14.4% while single family home sales increased 2.1%. The benchmark price for single family homes decreased 3.4% compared to July 2018, while the condo benchmark price rose 3%. Overall, the real estate market remains fairly active despite summer vacations, with strong interest in entry-level homes and competitively priced properties.
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.
Victoria Real Estate Board June 2020 StatsVicky Aulakh
- In June 2020, 808 properties sold in the Victoria Real Estate Board region, up 9.2% from June 2019. Sales of single family homes increased 16.8% while condo sales decreased 3.2%.
- There were 2,698 active listings at the end of June, down 11.3% from June 2019.
- The real estate market is being impacted by multiple factors related to the COVID-19 pandemic, including an eviction order, changes to CMHC mortgage insurance, and ongoing low inventory levels.
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.
- Home sales in the Victoria region increased 60.6% in September 2020 compared to September 2019, with 989 properties sold. Sales of single family homes increased 91.9% and condo sales rose 26.7%.
- Housing supply remains low, with active listings down 15.4% from September 2019. The president of the Victoria Real Estate Board said demand continues to outstrip supply.
- Benchmark home prices in Victoria increased for single family homes but decreased slightly for condos compared to September 2019. The president said it is difficult to predict fall housing trends given the unpredictable market conditions during the pandemic.
Sales of residential properties in the Victoria Real Estate Board region were significantly lower in April 2020 compared to the previous year, with sales down 58.8% overall. Sales of single family homes were down 55.8% and condominium sales were down 64%. The number of active listings also declined compared to the previous year, though they increased slightly from the previous month. The Victoria real estate market continues to be impacted by the COVID-19 pandemic, with lower sales, a decrease in new listings, and buyers and sellers waiting to see how the pandemic progresses locally. Home prices in the Victoria area increased from the previous year, with single family home benchmark prices up 4.6% and condo benchmark prices up 3.5%.
The Victoria Real Estate Board reported on the June 2019 real estate market. They reported that 740 properties sold in June, a 4.5% increase from June 2018. Sales of single family homes increased 10.4% from June 2018, while condo sales decreased 6.1%. There were 3,040 active listings at the end of June, a 17.1% increase from June 2018. The benchmark price of a single family home in Victoria decreased 4.3% compared to June 2018, while the benchmark price for a condo increased 2.97%. The president of the board noted that the summer months typically see less real estate activity and that the new first-time home buyer incentive program may provide a slight boost to
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.
- 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 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.
The Victoria real estate market saw a slight increase in home sales and inventory in October 2019 compared to the previous year. Total home sales increased 3.5% from October 2018 despite a 1.1% drop in condo sales. Active listings rose 5.3% year-over-year but inventory remains constrained, putting upward pressure on home prices in desirable areas and neighborhoods. The benchmark price of a single-family home in Victoria's core decreased 2.4% from October 2018 while the condo benchmark price rose 1.7% over the same period.
Home sales in the Metro Vancouver housing market declined below the long-term average in 2019 despite increased demand at the end of the year. Sales increased 3% from 2018 but were still 20.3% below the 10-year average. Prices dipped between 2-4% across property types depending on the area. Listings decreased from 2018 but were still below the 10-year average, indicating low inventory. Home buyer confidence improved in the second half of the year, leading to above average sales in the fourth quarter of 2019.
The document is a monthly real estate snapshot for San Francisco County that provides key metrics and year-over-year comparisons for June 2021. It summarizes that home sales prices rose significantly for both single family homes (+12.1%) and condos (+2%) in June 2021 compared to the previous year. Inventory levels declined sharply while pending sales and median home prices both increased substantially across all property types year-over-year amid low inventory and high buyer demand. The housing market remains very competitive with multiple offers common on properties.
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 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.
- Real estate activity in Victoria picked up in May as restrictions from the COVID-19 pandemic began to ease, with 457 properties sold, up 59.2% from April but down 46.1% from May 2019.
- The benchmark price of a single-family home in Victoria increased 2.6% year-over-year to $885,400 in May, while the benchmark price for a condo increased 3.5% to $534,300.
- There were 2,544 active listings in May, up 10.4% from April but down 15.7% from May 2019, as the real estate market responds to restrictions being gradually lifted.
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
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 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 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.
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.
- Sales of residential properties in the Victoria region increased substantially in July 2020 compared to the same month last year, with 979 properties sold, up 38.7% from July 2019.
- The number of single family home sales saw the biggest jump, increasing 61.1% compared to July 2019. Condominium sales were also up, rising 11.2% year-over-year.
- Total active residential listings on the market decreased 10% from July 2019 levels to 2,653 properties. While new listings were added, many were quickly sold amid strong buyer demand and limited inventory.
The Victoria Real Estate Board reported on the July 2019 real estate market statistics for Greater Victoria. Sales increased 8.4% from July 2018 with 706 properties sold. Condominium sales rose 14.4% while single family home sales increased 2.1%. The benchmark price for single family homes decreased 3.4% compared to July 2018, while the condo benchmark price rose 3%. Overall, the real estate market remains fairly active despite summer vacations, with strong interest in entry-level homes and competitively priced properties.
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.
Victoria Real Estate Board June 2020 StatsVicky Aulakh
- In June 2020, 808 properties sold in the Victoria Real Estate Board region, up 9.2% from June 2019. Sales of single family homes increased 16.8% while condo sales decreased 3.2%.
- There were 2,698 active listings at the end of June, down 11.3% from June 2019.
- The real estate market is being impacted by multiple factors related to the COVID-19 pandemic, including an eviction order, changes to CMHC mortgage insurance, and ongoing low inventory levels.
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.
- Home sales in the Victoria region increased 60.6% in September 2020 compared to September 2019, with 989 properties sold. Sales of single family homes increased 91.9% and condo sales rose 26.7%.
- Housing supply remains low, with active listings down 15.4% from September 2019. The president of the Victoria Real Estate Board said demand continues to outstrip supply.
- Benchmark home prices in Victoria increased for single family homes but decreased slightly for condos compared to September 2019. The president said it is difficult to predict fall housing trends given the unpredictable market conditions during the pandemic.
Sales of residential properties in the Victoria Real Estate Board region were significantly lower in April 2020 compared to the previous year, with sales down 58.8% overall. Sales of single family homes were down 55.8% and condominium sales were down 64%. The number of active listings also declined compared to the previous year, though they increased slightly from the previous month. The Victoria real estate market continues to be impacted by the COVID-19 pandemic, with lower sales, a decrease in new listings, and buyers and sellers waiting to see how the pandemic progresses locally. Home prices in the Victoria area increased from the previous year, with single family home benchmark prices up 4.6% and condo benchmark prices up 3.5%.
The Victoria Real Estate Board reported on the June 2019 real estate market. They reported that 740 properties sold in June, a 4.5% increase from June 2018. Sales of single family homes increased 10.4% from June 2018, while condo sales decreased 6.1%. There were 3,040 active listings at the end of June, a 17.1% increase from June 2018. The benchmark price of a single family home in Victoria decreased 4.3% compared to June 2018, while the benchmark price for a condo increased 2.97%. The president of the board noted that the summer months typically see less real estate activity and that the new first-time home buyer incentive program may provide a slight boost to
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.
- 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 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.
The Victoria real estate market saw a slight increase in home sales and inventory in October 2019 compared to the previous year. Total home sales increased 3.5% from October 2018 despite a 1.1% drop in condo sales. Active listings rose 5.3% year-over-year but inventory remains constrained, putting upward pressure on home prices in desirable areas and neighborhoods. The benchmark price of a single-family home in Victoria's core decreased 2.4% from October 2018 while the condo benchmark price rose 1.7% over the same period.
Home sales in the Metro Vancouver housing market declined below the long-term average in 2019 despite increased demand at the end of the year. Sales increased 3% from 2018 but were still 20.3% below the 10-year average. Prices dipped between 2-4% across property types depending on the area. Listings decreased from 2018 but were still below the 10-year average, indicating low inventory. Home buyer confidence improved in the second half of the year, leading to above average sales in the fourth quarter of 2019.
The document is a monthly real estate snapshot for San Francisco County that provides key metrics and year-over-year comparisons for June 2021. It summarizes that home sales prices rose significantly for both single family homes (+12.1%) and condos (+2%) in June 2021 compared to the previous year. Inventory levels declined sharply while pending sales and median home prices both increased substantially across all property types year-over-year amid low inventory and high buyer demand. The housing market remains very competitive with multiple offers common on properties.
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 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.
- Real estate activity in Victoria picked up in May as restrictions from the COVID-19 pandemic began to ease, with 457 properties sold, up 59.2% from April but down 46.1% from May 2019.
- The benchmark price of a single-family home in Victoria increased 2.6% year-over-year to $885,400 in May, while the benchmark price for a condo increased 3.5% to $534,300.
- There were 2,544 active listings in May, up 10.4% from April but down 15.7% from May 2019, as the real estate market responds to restrictions being gradually lifted.
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.
December 2021 Victoria Real Estate Board Statistics Package VickyAulakh1
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
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 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.
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 February 2020Vicky Aulakh
The Victoria real estate market saw a significant increase in property sales in February 2020 compared to the previous year. A total of 563 properties were sold, up 33.7% from February 2019. Sales of both condominiums and single family homes increased substantially. Inventory remained low with over 2,000 active listings, well below the 10-year average of 3,007 for the month. Home prices also increased, with benchmark home prices up 3.5% for single family homes and 4.7% for condominiums compared to the previous year. The president of the Victoria Real Estate Board attributed the strong sales to an early arrival of the spring market.
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.
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.
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.
Sales of single-family homes and condominiums in the Victoria area decreased in February 2023 compared to the previous year. While prices are down from January 2023, the real estate market saw increased buyer confidence and more stable pricing. Inventory levels rose significantly compared to February 2022, providing more opportunities for buyers but keeping demand high with low inventory overall. The real estate board chair observed the market is in a less pressured environment than recent years.
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 report summarizes real estate market statistics for September 2019. It found that total home sales increased 15.6% from September 2018 but decreased 6.8% from August 2019. Condo sales significantly increased 48.3% year-over-year while single family home sales slightly decreased 1.1%. Home prices varied by property type, with condo prices increasing 1.6% year-over-year while single family home prices in the core region decreased 3.6%. Inventory remained low overall, creating challenges for some buyers. The report concludes more buyers are opting for condos and townhomes given price points are often lower than single family homes.
Sales of real estate properties in the Greater Victoria region slowed in May 2022 compared to the previous year. A total of 761 properties were sold, down 27.5% from May 2021. Both single-family home sales and condominium sales decreased from the previous year by 31.7% and 23.1%, respectively. While inventory levels remained below historical averages, the amount of active listings increased both month-over-month and year-over-year in May 2022. Home prices in the Victoria area continued rising, with benchmark single-family home values up 23.8% and condominium values up 27.9% compared to May 2021.
Similar to Victoria Real Estate Board April 2021 Statistics (16)
The document provides monthly statistics for the Central Okanagan region for May 2023. It includes information on listings, sales, prices and inventory for various property types by zone. A total of 1,151 properties were listed, down 11% from last year. 599 properties were sold, up 2% from last year. The average sales price was $511 million, down slightly from last year. Overall inventory levels were up 26% from the previous year.
Fraser Valley Real Estate Board May 2023 Statistics Package with charts and graphs. Delayed spring activity boosts supply of property listings in the Fraser Valley. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.
The document provides real estate market statistics for Metro Vancouver in July 2022 compared to the previous year. Total active listings decreased for detached homes, condos, and townhomes compared to July 2021. Sales also decreased significantly across all property types year-over-year. The average days on market either remained the same or decreased slightly. The MLS benchmark price, which measures the typical home price in the region, increased between 11-18% across detached homes, condos, and townhomes compared to July 2021.
- Housing sales in the Fraser Valley region of BC dropped again in July 2022, falling 22.5% from the previous month and 50.5% from July 2021, as rising interest rates cooled the real estate market. The average price of homes sold also declined for the fourth straight month.
- While housing prices remain up compared to a year ago, increased listings have brought the market closer to balance. Benchmark prices dropped most for detached homes, falling 3.5% from the previous month.
- With ongoing interest rate hikes expected, real estate professionals advise buyers and sellers to seek expert guidance when making important purchasing decisions. The market remains fluid as rates continue to impact supply and demand dynamics.
Home sales in Metro Vancouver decreased significantly in July 2022 compared to the previous year and month. The housing market is entering a new phase with slower demand from buyers and a gradual rise in homes listed for sale. This has allowed home prices to edge downward over the last three months and given buyers more choice and time to make decisions. Benchmark home prices increased from July 2021 but decreased slightly from June 2022 across most property types in the region.
Residential home sales in British Columbia decreased 35.7% in June 2022 compared to June 2021, while the average home price rose 4.6%. Total home sales dollar volume declined 32.8% year-over-year. The BCREA chief economist noted that high mortgage rates are making it increasingly difficult for potential buyers to satisfy demand, slowing sales activity across the province. While listings rose 16.4% from a year ago, some markets have shifted to a balanced or buyers' market as rates push buyers to the sidelines.
This document provides monthly real estate statistics for the Central Okanagan region of British Columbia for June 2022. Some key details include:
- Total listings were up 31.14% from last June to 1,373 while sales were down 46.38% to 422.
- The average price was down 44.01% from last June to $353,566,750, with days to sell averaging 34 days.
- By property type, residential unit sales saw the largest decrease of 53.22% to 160 units sold, while apartment sales dropped 50.49% to 102 units.
- Year-to-date totals show listings up 6.86% but sales down 28.63%,
The document provides monthly statistics for the Central Okanagan region for May 2022. It includes information on listings, sales, prices and inventory for various property types by zone. Key figures show a 13.4% increase in listings but a 29.1% decrease in sales compared to last year. The average and median prices decreased 23.5% and 21.6% respectively from May 2021. Total active listings were up 65.2% from the previous month.
- Housing sales in the Fraser Valley fell for the third straight month in June 2022, with a 5.8% decrease from May and a 43% decrease from June 2021. Prices also continued to soften across all property types.
- The average days to sell a single-family home was 21 days, while townhomes took 19 days and apartments took 17 days. Benchmark prices decreased month-over-month across all property types.
- With interest rates rising to a decade high and prices still up over 20% year-over-year, realtors expect sales to continue declining in the near term as affordability challenges mount for buyers.
The document summarizes May 2022 real estate market statistics for the Fraser Valley region of British Columbia. It reports that home sales decreased 16.9% month-over-month and 53.9% year-over-year in May. Active listings increased 5.4% year-over-year and 14.8% from April, restoring balance to the market. Benchmark home prices decreased for the first time since 2019 for detached homes, townhomes, and apartments in May.
The housing market in Metro Vancouver has returned to more typical seasonal levels in the spring of 2022, with home sale activity decreasing 31.6% from May 2021 levels due to rising interest rates. The benchmark home price for all residential properties in Metro Vancouver is $1,261,100, a 14.7% increase from May 2021 but a 0.3% decrease from April 2022. While upward pressure on home prices has begun to ease over the last two months, housing supply needs to more than double to bring the market close to balanced.
The Okanagan Real Estate April 2022 StatisticsVicky Aulakh
This document provides monthly statistics for the Central Okanagan region for April 2022. It includes information on listings, sales, prices and inventory across several zones in the region for both the current month and year-to-date. Key figures show a decline in unit sales of 34.9% from last April but prices remained stable. Inventory levels increased 8.32% from the previous year indicating a slower market.
- Property sales in the Fraser Valley decreased over 35% in April 2022 compared to March 2022, marking the first time monthly sales have fallen below the 10-year average since June 2020.
- Total active inventory in April was 5,387, a 14.6% increase from March. Benchmark home prices increased between 0.2-1.8% across property types compared to March 2022.
- Interest rate hikes to stem inflation will put added financial burden on homebuyers and likely slow price growth, but do little to address low housing inventory issues in the region.
Home sales in Metro Vancouver returned to more typical levels in April 2022, decreasing 34.1% from April 2021. Total home listings increased 15.3% from March 2022, providing more options for buyers. The benchmark home price rose 1% from March to $1,374,500, an increase of 18.9% over April 2021. Detached home sales fell 41.9% year-over-year while the benchmark price rose 20.8% to $2,139,200.
- Home sales in BC continued to moderate from record highs in March 2021, with residential unit sales down 24.1% and total sales dollar volume down 12.1% from the same period last year.
- The average residential home price in BC rose 15.7% to $1.096 million in March 2022 compared to March 2021.
- BCREA's chief economist expects housing activity in BC will slow further in the second half of 2022 given rising mortgage rates and expected tightening from the Bank of Canada.
The document provides monthly statistics for the Central Okanagan region for March 2022. It includes information on listings, sales, prices and inventory totals for various property types by zone. Some key figures are:
- Total listings were down 16.4% from last year to 1,277
- Sales were down 33.3% to 692 units
- Total sales volume was down 13% to $665 million
- Average days to sell a property was 52 days
- Active listings finished the month at 1,446, down 12.5% from the previous year.
- 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
February 2022 Okanagan Real Estate Board Statistics Package With Charts & GraphsVicky Aulakh
The document provides monthly statistics for real estate activity in February 2022 in the Central Okanagan region of British Columbia. It includes information on listings, sales, prices and inventory broken down by property type and geographical area. Specifically, it shows that in February 2022, there were 792 total listings, 609 sales, and average and median sale prices of $562 million and $1.25 million respectively across the region.
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.
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.
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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
June 1, 2021
Unwavering demand reinforces need to support supply of homes
The Victoria market continued to show its strength through the month of May, with a near record
setting pace for sales and ongoing record low inventory levels. A total of 1,049 properties sold in the
Victoria Real Estate Board region this May, 129.5 per cent more than the 457 properties sold in May
2020, but 6 per cent fewer than the previous month of April. Sales of condominiums were up 200.9 per
cent from May 2020 with 325 units sold. 1.8 per cent fewer condominiums sold in May 2021 than in
the previous month of April. Sales of single family homes were up 111.4 per cent from May 2020 with
537 sold. 4.8 per cent fewer single family homes sold in May 2021 than in the previous month of April.
“Victoria is an amazing place to live and we will continue to see demand for property here,” said
Victoria Real Estate Board President David Langlois. “In the future we need to support the creation of
a housing market that can respond to demand and population growth and evolve with community
needs. Adding inventory to the Greater Victoria market should be the focus of every municipal council
across the region.”
There were 1,450 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of May 2021, 43 per cent fewer properties than the total available at the end of May 2020 and
just 4 properties fewer than the 1,454 active listings for sale at the end of April 2021.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in May 2020 was $855,900. The benchmark value for the same home in May 2021
increased by 17 per cent to $1,036,100, a 3.9 per cent increase from the previous month of April. The
MLS® HPI benchmark value for a condominium in the Victoria Core in May 2020 was $500,000, while
the benchmark value for the same condominium in May 2021 was $526,000, a 5.2 per cent increase.
“Recently the City of Victoria moved to fast-track non-profit developments, which is an exciting step in
the right direction,” added Langlois. “But continued attention needs to be paid on housing of all types.
By supporting an increase in urban density, we can ensure attainable housing, address missing
middle family housing, increase tax revenues for community amenities and protect green space by
slowing sprawl. If you are concerned about attainable housing and the future of homes in Greater
Victoria, consider supporting the next housing development proposal in your neighbourhood.”
About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of
standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board
represents 1,422 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for
detailed information on the Victoria and area housing market.
PRESIDENT
David Langlois
PRESIDENT ELECT
Karen Dinnie-Smyth
TREASURER
Patrick Novotny
PAST PRESIDENT
Sandi-Jo Ayers
DIRECTORS
Sheila Aujla
Robert Cole
Laurie Lidstone
Jackie Ngai
Graden Sol
EXECUTIVE OFFICER
David Corey
2. Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$
Average$
LY%
LM% LY%
LM% LY%
LM% Units Median$
Average$ Units Median$
Average$
May 2021
516
325
126
14
1,002
537
1,049
21
1,450
543
331
135
23
1,053
564
1,116
21
1,454
214
108
61
13
436
254
457
40
2,544
$1,173,701
$536,068
$752,313
$308,918
$1,165,581
$966,052
$1,011,000
$478,000
$730,000
$307,000
$1,005,944
$920,000
$1,144,729
$534,021
$712,261
$319,900
$1,139,355
$1,000,395
$1,008,000
$489,000
$690,000
$335,000
$1,001,000
$917,500
$875,938
$453,060
$572,711
$203,877
$856,679
$753,645
$837,500
$390,000
$555,000
$199,900
$812,500
$622,000
-5.0%
-1.8%
-6.7%
-39.1%
-4.8%
-4.8%
-6.0%
0.0%
-0.3%
141.1%
200.9%
106.6%
7.7%
129.8%
111.4%
129.5%
-47.5%
-43.0%
2.5%
0.4%
5.6%
-3.4%
2.3%
-3.4%
34.0%
18.3%
31.4%
51.5%
36.1%
28.2%
0.3%
-2.2%
5.8%
-8.4%
0.5%
0.3%
20.7%
22.6%
31.5%
53.6%
23.8%
47.9%
April 2021 May 2020
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: 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-Jun-2021
May 2021
Previous Periods Comparison
This Month Last Year
Page 1 of 1
Victoria Real Estate Board Multiple Listing Service ®
May 2021
Statistics Package for Media
Victoria Real Estate Board May 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-Jun-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 May 2021 Statistics
Total new MLS® listings and total MLS® sales for entire district
4. The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
Victoria Real Estate Board May 2021 Statistics
5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board May 2021 Statistics
6. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
May 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
$994,900
$986,300
$977,000
$976,700
$976,200
$975,700
$970,500
$968,100
$959,900
$959,600
$950,700
$943,600
$943,000
$922,800
$918,500
$916,600
$912,500
$904,200
$903,600
$902,900
$901,500
$873,400
$872,800
$872,800
$871,900
$870,300
$859,600
$853,600
$848,700
$846,900
$844,900
$840,600
$838,000
$836,800
$828,400
$827,400
$825,200
$821,200
$808,300
$799,500
$792,700
$792,400
$790,500
$790,300
$789,300
$782,600
$777,000
$770,400
$768,700
$767,900
$763,600
$757,600
$757,600
$756,800
$754,800
$753,000
$746,800
$744,100
$735,000
$733,600
$730,800
$730,500
$724,500
$721,600
$720,700
$715,400
$712,100
$711,800
$708,800
$706,500
$698,200
$687,600
$685,600
$685,200
$680,000
$675,500
$672,600
$666,700
$665,800
$652,300
$637,200
$635,500 $624,400
$612,400
$611,500
$609,700
$601,900
$594,100
$588,500
$572,800
$560,000
$556,700
$552,000
$551,600
$547,500
$522,800 $522,600
$518,900
$518,400
$517,200
$514,900
$493,000
$487,900
$474,300
$455,400
$442,600
$427,300
$394,500
$383,500
$370,800
$358,000
$357,400
$350,700
$349,200
$332,600
$329,100
$316,500
$308,000
$292,400
$284,200
$282,300
$271,500
$265,000
$1,422,900 $1,386,000 $1,311,400 $1,295,400
$1,241,300
$1,231,000
$1,229,800
$1,208,400 $1,181,300
$1,170,500
$1,135,700
$1,129,500
$1,066,100 $1,052,900
$1,052,600
$1,045,200
$1,038,300 $1,023,700
$1,019,500
$1,016,700
$1,004,600
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
May 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
317.7 298.0
286.6
278.5
275.5
273.0
271.0
270.2
270.2
268.7
268.6
268.5
268.4
266.8
265.2
264.4
263.5
263.4
262.4
259.6
258.8
258.2
257.8
257.7
256.4
253.9
253.8
252.7
252.4
252.3
251.4
251.1
251.1
250.1
249.4
247.8
247.7
246.5
246.0
246.0
245.6
245.1
240.1
239.9
239.8
239.6
237.7
237.6
237.6
237.3
237.2
236.4
236.3
236.1
235.6
235.1
234.7
234.7
234.5
232.3
231.8
231.3
231.1
230.2
229.4
229.2
229.1
228.9
228.8
228.5
228.0
227.7
226.0
225.6
225.0
224.9
224.8
224.5
222.8
221.8
220.8
220.8
220.6
220.1
218.5
216.6
216.0
215.8
215.2
212.6
212.4
212.0
211.3
211.2
211.0
210.8
206.9
206.7
205.9
203.9
203.2
198.1
198.0
197.2
194.3
192.6 192.5
186.3
184.8
184.7
182.0
180.5
177.3
173.0
170.8
168.5
168.4
160.4
157.4
156.8
156.0
154.0
153.5
146.4
144.7
129.2 100.0
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
May 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
$706,600 $699,900
$688,200 $672,700 $671,600
$662,300
$649,100
$636,300 $631,800
$621,600
$616,000 $614,600
$612,900
$603,100 $585,600 $581,200
$557,800
$551,300
$524,100
$521,000
$516,600
$516,000
$513,500
$508,900
$507,800
$504,800
$494,000
$487,400 $487,000
$485,800
$481,600
$478,200
$477,900
$477,900
$474,400
$472,900
$470,800
$464,400
$464,200
$463,800
$461,600
$460,800 $458,600
$458,200
$456,200
$454,900
$451,100 $450,500
$450,000
$448,300
$446,100
$443,100
$441,800
$439,400
$436,100
$429,500
$427,400 $427,000
$426,800
$426,500 $422,700
$422,300
$421,500
$420,700
$417,500
$417,000
$416,200
$415,600
$414,800
$402,900
$402,400
$401,500
$398,600
$387,100
$383,900 $381,400
$379,500
$352,500 $350,600
$347,200
$347,200
$341,000
$339,600
$329,900
$323,600
$321,000
$316,800
$314,400
$311,300 $306,800 $295,800
$276,900
$274,300
$271,600
$271,200
$271,100
$266,900
$261,300
$238,700
$219,400
$205,900
$201,600
$200,600
$190,600
$188,800
$179,300
$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
May 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
314.0 305.0 304.6
295.7
295.4 293.5
287.9
285.9
285.0
284.3
284.1
281.4
280.2
278.1
277.7
277.2
276.0
271.5
271.3
270.7
269.8
269.6
269.5
268.6 268.4
268.2
266.6
266.4
264.8
264.7
264.7
262.4
262.2
262.1
260.0
260.0
259.9
258.3
258.2
258.1
258.0
257.8
257.5
256.8
256.2
254.9
253.3
252.9
252.0 251.6
251.2
250.7
250.0
249.4
249.0
248.1
248.1
247.0
245.9
242.2
240.9
239.9
237.0
236.5
236.3
234.4
233.9
233.7
230.1
230.0
224.6
224.5
223.8 222.7
222.3
220.9
217.8
217.4
213.4
212.6
211.5
210.7
209.9 199.1
176.7
175.3
173.1
170.4
168.9
168.8
168.4
167.8
162.2
160.2
159.9
155.9
152.5
146.8
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)
10. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
May 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
$794,900
$789,500
$777,200
$768,300
$748,100 $741,700
$734,300
$733,600
$729,900 $725,400
$724,300
$723,700
$716,900
$716,000
$712,100
$710,400
$706,100
$699,500
$698,100
$695,800
$693,200
$689,900
$680,300
$670,200
$667,600
$663,300
$660,900
$653,600
$653,300
$652,400
$647,800
$645,700
$645,400
$645,300
$642,900
$642,300
$641,000
$633,400
$633,300
$631,300
$626,500
$623,900
$621,200
$606,700
$603,200
$600,600 $597,600
$596,400
$588,800
$578,000
$576,200
$574,900
$572,300
$571,400 $569,800
$567,100 $563,400
$562,000
$561,200
$553,900
$549,900
$548,600
$544,300
$538,600 $537,700
$537,000
$532,200
$528,500
$526,800
$519,000 $516,900
$516,300
$510,900
$508,500
$508,100
$501,800
$500,900
$496,600
$492,700
$486,000
$480,900
$474,500
$465,600
$460,300
$459,900
$444,300
$443,000
$437,300
$429,200
$422,400
$403,500
$393,200
$390,900
$380,900
$374,600
$371,600
$334,900
$333,800
$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
$204,100
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)
11. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
May 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
340.9
338.0 327.1 309.3
296.7
294.4 293.1
291.9
288.5
276.6
274.3
273.2
272.6
272.5
271.9
269.9
269.7
267.6
267.6
266.7
261.8
261.4
261.3
259.6
256.5
252.8
251.1
250.7
250.3
250.1
247.6
244.0
242.7
242.1
240.4
240.4
239.3
237.9
236.6
236.3
233.0
232.9
229.0
228.8
228.6
228.5
228.4
226.6
225.9
225.7
225.3
224.4
223.6
222.9
222.0
221.8
221.8 220.6
220.5
219.2 218.8
218.0
217.6
217.4
216.8
216.2
215.7
215.7
215.2
214.9
213.0
209.9
209.3
203.3
201.4
200.8
198.6
195.4
194.0
193.4
192.0
191.1
188.6
188.0
186.6
173.5
170.8
166.8
163.1
162.3
162.1
160.4
160.3
160.0
146.9
146.2
141.8
141.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)
12. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
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 ($)
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
14. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Townhouse (Twn)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
16. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
May 2021
District
Produced: 01-Jun-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 50 $57,438,775
Oak Bay 31 $56,451,250
Esquimalt 14 $15,222,888
View Royal 13 $14,511,000
Saanich East 114 $146,647,265
Saanich West 38 $39,840,733
Central Saanich 13 $18,569,734
North Saanich 24 $37,893,500
Sidney 23 $23,210,150
Highlands 3 $2,877,500
Colwood 34 $33,401,898
Langford 80 $84,073,882
Metchosin 5 $6,870,000
Sooke 45 $39,936,385
Gulf Islands 29 $28,684,852
Total Greater Victoria 516 $605,629,812
Other Areas
Malahat & Area 21 $20,287,100
Total Other Areas 21 $20,287,100
Total Single Family Detached 537 $625,916,912
Condo Apartment
l
Greater Victoria
Victoria / Victoria West 151 $85,333,590
Oak Bay 6 $4,196,409
Esquimalt 9 $4,864,800
View Royal 12 $6,675,735
Saanich East 49 $23,663,600
Saanich West 17 $8,071,899
Central Saanich 4 $1,974,000
North Saanich 2 $1,371,400
Sidney 17 $10,450,600
Highlands 1 $70,000
Colwood 7 $3,945,800
Langford 42 $19,440,600
Sooke 8 $4,163,800
Total Greater Victoria 325 $174,222,233
Total Condo Apartment 325 $174,222,233
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
May 2021
District
Produced: 01-Jun-2021
Row/Townhouse
l
Greater Victoria
Victoria / Victoria West 24 $20,338,900
Oak Bay 1 $1,480,000
Esquimalt 2 $1,283,000
View Royal 7 $5,048,500
Saanich East 16 $14,972,203
Saanich West 8 $6,144,900
Central Saanich 10 $7,424,400
Sidney 9 $6,304,000
Colwood 8 $5,739,485
Langford 28 $19,033,499
Sooke 8 $4,362,600
Gulf Islands 5 $2,660,000
Total Greater Victoria 126 $94,791,487
Total Row/Townhouse 126 $94,791,487
Manufactured Home
l
Greater Victoria
Victoria / Victoria West 1 $740,000
View Royal 2 $717,400
Central Saanich 4 $1,107,455
Sidney 1 $490,000
Langford 3 $544,000
Sooke 1 $315,000
Total Greater Victoria 12 $3,913,855
Other Areas
Malahat & Area 2 $411,000
Total Other Areas 2 $411,000
Total Manufactured Home 14 $4,324,855
Total Residential 1002 $899,255,487
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
May 2021
District
Produced: 01-Jun-2021
$936,036,346
1049
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Saanich East 3 $3,443,500
Saanich West 1 $721,687
Central Saanich 1 $3,380,000
North Saanich 1 $687,500
Langford 8 $4,836,800
Sooke 4 $2,969,400
Gulf Islands 10 $4,710,900
Total Greater Victoria 28 $20,749,787
Other Areas
Malahat & Area 2 $1,135,000
Total Other Areas 2 $1,135,000
Total Lots & Acreage 30 $21,884,787
17 $14,896,072
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
May 2021
District
Produced: 01-Jun-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria 46 $53,723,775
Victoria West 4 $3,715,000
Oak Bay 30 $52,751,250
Esquimalt 14 $15,222,888
View Royal 11 $11,776,000
Saanich East 112 $139,297,265
Saanich West 36 $37,175,733
Central Saanich 11 $13,839,734
North Saanich 22 $31,192,000
Sidney 21 $18,836,150
Highlands 3 $2,877,500
Colwood 34 $33,401,898
Langford 78 $81,638,882
Metchosin 3 $3,260,000
Sooke 41 $36,792,385
Gulf Islands 22 $22,386,852
Waterfront (all districts) 28 $47,742,500
Total Greater Victoria 516 $605,629,812
Other Areas
Malahat & Area 18 $17,559,700
Waterfront (all districts) 3 $2,727,400
Total Other Areas 21 $20,287,100
Total Single Family Detached 537 $625,916,912
Condo Apartment
l
Greater Victoria
Victoria 131 $68,828,368
Victoria West 15 $13,065,422
Oak Bay 6 $4,196,409
Esquimalt 8 $3,539,800
View Royal 12 $6,675,735
Saanich East 48 $22,803,600
Saanich West 17 $8,071,899
Central Saanich 3 $1,399,000
North Saanich 2 $1,371,400
Sidney 17 $10,450,600
Highlands 1 $70,000
Colwood 6 $3,030,800
Langford 42 $19,440,600
Sooke 3 $1,299,900
Waterfront (all districts) 14 $9,978,700
Total Greater Victoria 325 $174,222,233
Total Condo Apartment 325 $174,222,233
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
May 2021
District
Produced: 01-Jun-2021
Row/Townhouse
l
Greater Victoria
Victoria 19 $16,163,000
Victoria West 4 $2,825,900
Oak Bay 1 $1,480,000
Esquimalt 2 $1,283,000
View Royal 7 $5,048,500
Saanich East 15 $13,340,203
Saanich West 8 $6,144,900
Central Saanich 9 $6,274,400
Sidney 8 $5,229,000
Colwood 8 $5,739,485
Langford 28 $19,033,499
Sooke 7 $3,982,300
Gulf Islands 4 $2,123,100
Waterfront (all districts) 6 $6,124,200
Total Greater Victoria 126 $94,791,487
Total Row/Townhouse 126 $94,791,487
Manufactured Home
l
Greater Victoria
Victoria 1 $740,000
View Royal 2 $717,400
Central Saanich 4 $1,107,455
Sidney 1 $490,000
Langford 3 $544,000
Sooke 1 $315,000
Total Greater Victoria 12 $3,913,855
Other Areas
Malahat & Area 2 $411,000
Total Other Areas 2 $411,000
Total Manufactured Home 14 $4,324,855
Total Residential 1002 $899,255,487
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
May 2021
District
Produced: 01-Jun-2021
$936,036,346
1049
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Saanich East 3 $3,443,500
Saanich West 1 $721,687
Central Saanich 1 $3,380,000
North Saanich 1 $687,500
Langford 8 $4,836,800
Sooke 4 $2,969,400
Gulf Islands 10 $4,710,900
Total Greater Victoria 28 $20,749,787
Other Areas
Malahat & Area 2 $1,135,000
Total Other Areas 2 $1,135,000
Total Lots & Acreage 30 $21,884,787
17 $14,896,072
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
May 2021
Produced: 01-Jun-2021
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
May
2019
Jun
2019
Jul
2019
Aug
2019
Sep
2019
Oct
2019
Nov
2019
Dec
2019
Jan
2020
Feb
2020
Mar
2020
Apr
2020
May
2020
Jun
2020
Jul
2020
Aug
2020
Sep
2020
Oct
2020
Nov
2020
Dec
2020
Jan
2021
Feb
2021
Mar
2021
Apr
2021
May
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
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-2021
Single Family - Residential
Units Listed 513
Units Sold 420
Sell/List Ratio 82
Sales Dollars $473,203,902
Average Price / Unit $1,126,676
Price Ratio 103
Days To Sell 14
Active Listings at Month End 358
%
%
426
214
50
$174,658,334
$816,160
98
38
739
%
%
20
96
171
38
-63
-52
%
%
%
%
%
%
2329
1874
80
$2,093,180,287
$1,116,959
104
19
%
%
1779
997
56
$849,635,022
$852,192
98
40
%
%
31
88
146
31
-53
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 44
Units Sold 27
Sell/List Ratio 61
Sales Dollars $47,411,900
Average Price / Unit $1,755,996
Price Ratio 99
Days To Sell 18
Active Listings at Month End 66
%
%
38
11
29
$15,771,500
$1,433,773
94
132
146
%
%
16
145
201
22
-86
-55
%
%
%
%
%
%
176
116
66
$226,365,487
$1,951,427
99
52
%
%
171
60
35
$96,639,763
$1,610,663
94
109
%
%
3
93
134
21
-53
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 59
Units Sold 39
Sell/List Ratio 66
Sales Dollars $60,174,000
Average Price / Unit $1,542,923
Price Ratio 99
Days To Sell 37
Active Listings at Month End 66
%
%
56
19
34
$19,346,788
$1,018,252
99
61
122
%
%
5
105
211
52
-39
-46
%
%
%
%
%
%
225
178
79
$274,861,385
$1,544,165
100
49
%
%
185
89
48
$94,564,349
$1,062,521
96
80
%
%
22
100
191
45
-39
%
%
%
%
%
Condo Apartment
Units Listed 432
Units Sold 325
Sell/List Ratio 75
Sales Dollars $174,222,233
Average Price / Unit $536,068
Price Ratio 100
Days To Sell 22
Active Listings at Month End 462
%
%
337
108
32
$48,930,485
$453,060
98
36
686
%
%
28
201
256
18
-37
-33
%
%
%
%
%
%
1987
1539
77
$823,186,837
$534,884
100
28
%
%
1473
652
44
$313,533,610
$480,880
98
37
%
%
35
136
163
11
-23
%
%
%
%
%
Page 1 of 8
Victoria Real Estate Board Multiple Listing Service ®
24. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-2021
Row/Townhouse
Units Listed 123
Units Sold 126
Sell/List Ratio 102
Sales Dollars $94,791,487
Average Price / Unit $752,313
Price Ratio 103
Days To Sell 18
Active Listings at Month End 87
%
%
98
61
62
$34,935,350
$572,711
98
56
214
%
%
26
107
171
31
-68
-59
%
%
%
%
%
%
659
568
86
$398,391,402
$701,393
103
25
%
%
507
299
59
$177,468,229
$593,539
99
48
%
%
30
90
124
18
-48
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $2,300,000
Average Price / Unit $2,300,000
Price Ratio 118
Days To Sell 7
Active Listings at Month End 4
%
%
0
0
$0
1
%
%
300
%
%
%
%
%
%
11
6
55
$7,858,900
$1,309,817
105
15
%
%
3
2
67
$691,000
$345,500
95
172
%
%
267
200
1037
279
-91
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 33
Units Sold 34
Sell/List Ratio 103
Sales Dollars $28,746,485
Average Price / Unit $845,485
Price Ratio 103
Days To Sell 19
Active Listings at Month End 25
%
%
7
7
100
$5,509,400
$787,057
97
36
15
%
%
371
386
422
7
-47
67
%
%
%
%
%
%
157
131
83
$102,600,815
$783,212
104
22
%
%
43
23
53
$15,669,400
$681,278
98
31
%
%
265
470
555
15
-28
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 4
Units Sold 2
Sell/List Ratio 50
Sales Dollars $1,805,000
Average Price / Unit $902,500
Price Ratio 107
Days To Sell 2
Active Listings at Month End 5
%
%
2
0
0
$0
3
%
%
100
67
%
%
%
%
%
%
22
13
59
$10,767,350
$828,258
104
15
%
%
6
4
67
$2,525,400
$631,350
99
42
%
%
267
225
326
31
-64
%
%
%
%
%
Page 2 of 8
Victoria Real Estate Board Multiple Listing Service ®
25. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-2021
Recreational
Units Listed 2
Units Sold 4
Sell/List Ratio 200
Sales Dollars $566,000
Average Price / Unit $141,500
Price Ratio 94
Days To Sell 168
Active Listings at Month End 6
%
%
3
1
33
$177,500
$177,500
91
247
15
%
%
-33
300
219
-20
-32
-60
%
%
%
%
%
%
11
12
109
$1,718,000
$143,167
96
359
%
%
11
3
27
$276,000
$92,000
91
250
%
%
0
300
522
56
44
%
%
%
%
%
Manufactured Home
Units Listed 23
Units Sold 14
Sell/List Ratio 61
Sales Dollars $4,324,855
Average Price / Unit $308,918
Price Ratio 104
Days To Sell 21
Active Listings at Month End 28
%
%
21
13
62
$2,650,400
$203,877
97
48
38
%
%
10
8
63
52
-55
-26
%
%
%
%
%
%
106
83
78
$31,668,256
$381,545
100
38
%
%
81
55
68
$10,681,625
$194,211
96
61
%
%
31
51
196
96
-39
%
%
%
%
%
Residential Lots
Units Listed 28
Units Sold 15
Sell/List Ratio 54
Sales Dollars $8,848,887
Average Price / Unit $589,926
Price Ratio 100
Days To Sell 40
Active Listings at Month End 56
%
%
30
6
20
$2,303,900
$383,983
98
60
134
%
%
-7
150
284
54
-34
-58
%
%
%
%
%
%
135
119
88
$56,754,182
$476,926
99
96
%
%
127
48
38
$23,289,274
$485,193
100
140
%
%
6
148
144
-2
-32
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 4
Units Sold 2
Sell/List Ratio 50
Sales Dollars $1,565,000
Average Price / Unit $782,500
Price Ratio 98
Days To Sell 23
Active Listings at Month End 6
%
%
7
2
29
$590,000
$295,000
91
248
34
%
%
-43
0
165
165
-91
-82
%
%
%
%
%
%
19
25
132
$14,984,695
$599,388
97
209
%
%
30
5
17
$2,433,125
$486,625
90
311
%
%
-37
400
516
23
-33
%
%
%
%
%
Page 3 of 8
Victoria Real Estate Board Multiple Listing Service ®
26. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-2021
Residential Acreage
Units Listed 16
Units Sold 9
Sell/List Ratio 56
Sales Dollars $4,721,900
Average Price / Unit $524,656
Price Ratio 99
Days To Sell 109
Active Listings at Month End 33
%
%
11
8
73
$3,731,000
$466,375
95
85
73
%
%
45
13
27
12
28
-55
%
%
%
%
%
%
58
50
86
$32,545,580
$650,912
98
115
%
%
63
28
44
$17,545,500
$626,625
93
114
%
%
-8
79
85
4
1
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 3
Units Sold 4
Sell/List Ratio 133
Sales Dollars $6,749,000
Average Price / Unit $1,687,250
Price Ratio 87
Days To Sell 118
Active Listings at Month End 9
%
%
6
0
0
$0
31
%
%
-50
-71
%
%
%
%
%
%
17
21
124
$19,694,000
$937,810
92
206
%
%
20
7
35
$5,959,082
$851,297
88
105
%
%
-15
200
230
10
97
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 10
Sell/List Ratio 333
Sales Dollars $11,709,625
Average Price / Unit $1,170,963
Price Ratio 101
Days To Sell 27
Active Listings at Month End 6
%
%
5
2
40
$2,133,000
$1,066,500
95
78
7
%
%
-40
400
449
10
-65
-14
%
%
%
%
%
%
50
32
64
$37,178,296
$1,161,822
102
19
%
%
23
15
65
$14,858,950
$990,597
97
41
%
%
117
113
150
17
-55
%
%
%
%
%
Revenue - Multi Units
Units Listed 4
Units Sold 4
Sell/List Ratio 100
Sales Dollars $7,388,000
Average Price / Unit $1,847,000
Price Ratio 95
Days To Sell 57
Active Listings at Month End 17
%
%
3
0
0
$0
7
%
%
33
143
%
%
%
%
%
%
31
19
61
$44,282,500
$2,330,658
96
74
%
%
12
1
8
$1,750,000
$1,750,000
88
30
%
%
158
1800
2430
33
146
%
%
%
%
%
Page 4 of 8
Victoria Real Estate Board Multiple Listing Service ®
27. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-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
%
%
1
2
200
$2,898,900
$1,449,450
89
136
4
%
%
-100
-100
-100
-100
%
%
%
%
%
%
0
0
$0
%
%
6
3
50
$8,498,900
$2,832,967
93
128
%
%
-100
-100
-100
%
%
%
%
%
Revenue - Commercial
Units Listed 8
Units Sold 5
Sell/List Ratio 63
Sales Dollars $5,471,040
Average Price / Unit $1,094,208
Price Ratio 98
Days To Sell 43
Active Listings at Month End 37
%
%
6
1
17
$685,000
$685,000
98
51
40
%
%
33
400
699
60
-15
-8
%
%
%
%
%
%
39
15
38
$19,243,796
$1,282,920
99
101
%
%
30
8
27
$7,015,900
$876,988
96
92
%
%
30
88
174
46
10
%
%
%
%
%
Revenue - Industrial
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $576,450
Average Price / Unit $576,450
Price Ratio 105
Days To Sell 38
Active Listings at Month End 7
%
%
0
0
$0
1
%
%
600
%
%
%
%
%
%
11
8
73
$10,673,118
$1,334,140
98
46
%
%
1
0
0
$0
%
%
1000 %
%
%
%
%
Business with Land & Building
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Sales Dollars $1,337,500
Average Price / Unit $1,337,500
Price Ratio 89
Days To Sell 147
Active Listings at Month End 4
%
%
4
0
0
$0
38
%
%
-50
-89
%
%
%
%
%
%
5
1
20
$1,337,500
$1,337,500
89
147
%
%
36
9
25
$20,352,973
$2,261,441
90
177
%
%
-86
-89
-93
-41
-17
%
%
%
%
%
Page 5 of 8
Victoria Real Estate Board Multiple Listing Service ®
28. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-2021
Business Only
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Sales Dollars $123,000
Average Price / Unit $123,000
Price Ratio 95
Days To Sell 199
Active Listings at Month End 38
%
%
6
0
0
-$165,500
99
88
57
%
%
0
-174
126
-33
%
%
%
%
%
%
37
7
19
$1,514,500
$216,357
89
158
%
%
54
10
19
$930,500
$93,050
87
114
%
%
-31
-30
63
133
39
%
%
%
%
%
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
4
%
%
-100
%
%
%
%
%
%
0
0
$0
%
%
2
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Office
Units Listed 8
Units Sold 4
Sell/List Ratio 50
Sales Dollars $66
Average Price / Unit $16
Price Ratio 97
Days To Sell 118
Active Listings at Month End 66
%
%
3
0
0
$0
35
%
%
167
89
%
%
%
%
%
%
52
12
23
$1,955
$163
96
125
%
%
27
2
7
$40
$20
402
%
%
93
500
4787
715
-69
%
%
%
%
%
Lease - Retail
Units Listed 8
Units Sold 1
Sell/List Ratio 13
Sales Dollars $16
Average Price / Unit $16
Price Ratio 98
Days To Sell 124
Active Listings at Month End 42
%
%
8
1
13
$1,650
$1,650
103
165
27
%
%
0
0
-99
-99
-25
56
%
%
%
%
%
%
37
13
35
$8,541
$657
92
117
%
%
22
5
23
$1,709
$342
110
266
%
%
68
160
400
92
-56
%
%
%
%
%
Page 6 of 8
Victoria Real Estate Board Multiple Listing Service ®
29. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-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
%
%
1
0
0
$0
1
%
%
-100
-100
%
%
%
%
%
%
0
0
$0
%
%
1
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 7
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
8
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
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 3
%
%
7
1
14
$15
$15
34
49
%
%
-86
-100
-100
-94
%
%
%
%
%
%
2
1
50
$2,890,580
$2,890,580
19270533
169
%
%
41
1
2
$15
$15
34
%
%
-95
0
########
########
397
%
%
%
%
%
Commercial Land
Units Listed 5
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 12
%
%
9
0
0
$0
23
%
%
-44
-48
%
%
%
%
%
%
10
4
40
$10,812,500
$2,703,125
96
325
%
%
20
0
0
$0
%
%
-50 %
%
%
%
%
Page 7 of 8
Victoria Real Estate Board Multiple Listing Service ®
30. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
May 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Jun-2021
Units Listed 1333
Units Sold 1049
Sell/List Ratio 79
Sales Dollars $936,036,346
Average Price / Unit $892,313
Price Ratio 102
Days To Sell 22
Active Listings at Month End 1450
%
%
Grand Totals
1095
457
42
$314,157,722
$687,435
98
47
2544
%
%
22
130
198
30
-54
-43
%
%
%
%
%
%
6194
4847
78
$4,222,520,462
$871,162
102
32
%
%
4774
2326
49
$1,664,320,365
$715,529
98
50
%
%
30
108
154
22
-36
%
%
%
%
%
Page 8 of 8
Victoria Real Estate Board Multiple Listing Service ®