- 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 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.
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.
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.
Victoria Real Estate Board April 2021 StatisticsVicky Aulakh
Sales of residential properties in the Victoria Real Estate Board region continued at a near record pace in May 2021. A total of 1,049 properties sold, 129.5% more than in May 2020 but 6% fewer than in April 2021. Inventory levels remained very low with 1,450 active listings, a 43% decline from May 2020. The benchmark value of a single family home in Victoria increased 17% year-over-year to $1,036,100, while the benchmark value for a condominium rose 5.2% to $526,000. Demand for housing in Victoria remains strong while low inventory puts upward pressure on prices.
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
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.
VREB September 2021 Statistics Package VickyAulakh1
- Housing sales in the Victoria region declined in September 2021 compared to the previous year, with 761 properties sold, down 23.1%. Condo sales rose 9.3% while single-family home sales dropped 38.6%.
- Inventory levels remain low, with 1,124 active listings at the end of September, a 53% decline from the previous year.
- Home prices continue to rise significantly due to the imbalance of high demand and low supply. The benchmark price of a single-family home rose 25.1% since September 2020 and condo prices increased 13.3%.
- The real estate board president said greater commitment to development is needed to address the long-term low inventory levels driving up
Victoria Real Estate Board 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.
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.
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.
Victoria Real Estate Board April 2021 StatisticsVicky Aulakh
Sales of residential properties in the Victoria Real Estate Board region continued at a near record pace in May 2021. A total of 1,049 properties sold, 129.5% more than in May 2020 but 6% fewer than in April 2021. Inventory levels remained very low with 1,450 active listings, a 43% decline from May 2020. The benchmark value of a single family home in Victoria increased 17% year-over-year to $1,036,100, while the benchmark value for a condominium rose 5.2% to $526,000. Demand for housing in Victoria remains strong while low inventory puts upward pressure on prices.
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
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.
VREB September 2021 Statistics Package VickyAulakh1
- Housing sales in the Victoria region declined in September 2021 compared to the previous year, with 761 properties sold, down 23.1%. Condo sales rose 9.3% while single-family home sales dropped 38.6%.
- Inventory levels remain low, with 1,124 active listings at the end of September, a 53% decline from the previous year.
- Home prices continue to rise significantly due to the imbalance of high demand and low supply. The benchmark price of a single-family home rose 25.1% since September 2020 and condo prices increased 13.3%.
- The real estate board president said greater commitment to development is needed to address the long-term low inventory levels driving up
Victoria Real Estate Board 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 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-
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 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.
Victoria Real Estate Board August 2021 StatisticsVicky Aulakh
Sales of single-family homes in the Victoria region were down 29.9% in August 2021 compared to August 2020, while condominium sales increased 31.7%. Total active property listings were down 56.7% from the previous year due to a long-term lack of housing supply. The benchmark price of a single-family home increased 22.4% year-over-year to $1,089,400, and the benchmark price of a condominium rose 11.8% to $540,600, indicating continued upward pressure on home prices from low inventory levels.
- Home sales in 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.
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.
U.S. Housing Market Overview, September 2021Nima Wedlake
Key economic indicators in America’s residential real estate market, including mortgage origination volume, housing supply, credit availability and real estate pricing trends.
The document provides an overview and assessment of the U.S. residential housing market for the third quarter of 2020 by Adkins Capital Management. It summarizes unexpected increases in new and existing home sales despite the pandemic and economic impacts. It also analyzes the Federal Reserve's monetary policy actions in response. Additionally, it identifies the top five most overpriced and underpriced cities based on an analysis of each city's median home price, household income, and justified mortgage interest rate. The document concludes by encouraging prospective home buyers to use its valuation tools to make prudent home purchasing decisions.
RealPulseAZ - February 2021 - Market ReviewNathan Holman
The document provides an overview of the US housing market in February 2021. It summarizes existing home sales data from 2020, forecasts for home sales and prices in 2021 from various analysts, and projections for mortgage rates. It also discusses factors that may impact housing inventory levels in 2021 such as homeowners waiting for vaccines before listing. The average forecasted home price increase for 2021 across analysts is 5%.
The US housing market is healthier now than during the Great Recession, however COVID-19 is negatively impacting sales. Pending home sales declined 40% YoY in mid-April due to fewer listings and showings. Unemployment could increase mortgage defaults if it remains high. Home prices are at record highs but historically low mortgage rates have improved affordability. Demand from millennial first-time buyers may sustain the market but supply constraints exist in some areas.
This Month in Real Estate PowerPoint for U.S. Market - September 2010Keller Williams Careers
- Home sales fell below year-ago levels for the first time in 14 months due to the expiration of the federal tax credit, while home prices remained stable. Mortgage rates continued setting new record lows.
- The new financial reform law establishes new regulations for mortgages and credit cards intended to protect consumers.
- Buying a home with a 15-year mortgage allows buyers to build equity faster by paying off the loan sooner compared to a 30-year loan.
“Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power by about 20 per cent, which is causing people at the entry-level side of the market to struggle to secure financing,” Ashley Smith, REBGV president said. “Suppressing housing activity through government policy not only reduces home sales, it harms the job market, economic growth and creates pent-up demand.”
Real Estate Board of Greater Vancouver Statistics Package August 2021Vicky Aulakh
- Home sales in Metro Vancouver increased 3.4% in August 2021 compared to August 2020, but listings declined 30.6%, leaving the housing market undersupplied.
- The total number of homes listed for sale was 29.7% lower than August 2020 and 8.6% lower than July 2021, with only 9,005 homes currently listed.
- The sales-to-active listings ratio of 35% indicates downward pressure on prices, but analysts say a sustained ratio below 12% is needed to significantly impact prices.
The UK housing market faces issues of high demand and low supply of reasonably priced homes. Government initiatives to increase affordable housing through subsidies have inflated prices and failed to significantly increase supply. The replacement of social housing with "affordable" housing priced at 80% of market rate will be unaffordable for many low-income renters. New starter homes priced 20% below market value may temporarily help first-time buyers but risk further price increases if supply is not adequately expanded.
The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.
Sales decreased 13% from APRIL 2021.
Stats provided by the real estate Board of Greater Vancouver
TRREB reported 4,581 home sales in January 2020 – up by 15.4 per cent compared to January 2019 and up by 4.8 per cent compared to December 2019.
“Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said TRREB President Michael Collins.
The average selling price in January was up by 12.3 per cent, driven by the detached houses & condominium apartments.
Housing activity remains above year-ago levels despite the expiration of tax credits. Home prices have stabilized with similar levels of distressed home sales as last year, though the economy still has further recovery ahead. Consumers are saving more and spending cautiously. While this reduces near-term spending, it positions households financially for the future. The Federal Reserve continues measures to support the economy through low interest rates and may reinvest maturing mortgage bonds to stimulate growth.
- Home sales in Metro Vancouver increased significantly in April 2021 compared to April 2020, with record high home sales for the month of April.
- In response to high demand, home sellers have been more active, with a record number of new listings in April 2021 compared to previous years.
- While new listings are at record highs, demand remains strong and more supply is still needed to balance the market, according to the Real Estate Board of Greater Vancouver.
- 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.
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 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-
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 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.
Victoria Real Estate Board August 2021 StatisticsVicky Aulakh
Sales of single-family homes in the Victoria region were down 29.9% in August 2021 compared to August 2020, while condominium sales increased 31.7%. Total active property listings were down 56.7% from the previous year due to a long-term lack of housing supply. The benchmark price of a single-family home increased 22.4% year-over-year to $1,089,400, and the benchmark price of a condominium rose 11.8% to $540,600, indicating continued upward pressure on home prices from low inventory levels.
- Home sales in 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.
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.
U.S. Housing Market Overview, September 2021Nima Wedlake
Key economic indicators in America’s residential real estate market, including mortgage origination volume, housing supply, credit availability and real estate pricing trends.
The document provides an overview and assessment of the U.S. residential housing market for the third quarter of 2020 by Adkins Capital Management. It summarizes unexpected increases in new and existing home sales despite the pandemic and economic impacts. It also analyzes the Federal Reserve's monetary policy actions in response. Additionally, it identifies the top five most overpriced and underpriced cities based on an analysis of each city's median home price, household income, and justified mortgage interest rate. The document concludes by encouraging prospective home buyers to use its valuation tools to make prudent home purchasing decisions.
RealPulseAZ - February 2021 - Market ReviewNathan Holman
The document provides an overview of the US housing market in February 2021. It summarizes existing home sales data from 2020, forecasts for home sales and prices in 2021 from various analysts, and projections for mortgage rates. It also discusses factors that may impact housing inventory levels in 2021 such as homeowners waiting for vaccines before listing. The average forecasted home price increase for 2021 across analysts is 5%.
The US housing market is healthier now than during the Great Recession, however COVID-19 is negatively impacting sales. Pending home sales declined 40% YoY in mid-April due to fewer listings and showings. Unemployment could increase mortgage defaults if it remains high. Home prices are at record highs but historically low mortgage rates have improved affordability. Demand from millennial first-time buyers may sustain the market but supply constraints exist in some areas.
This Month in Real Estate PowerPoint for U.S. Market - September 2010Keller Williams Careers
- Home sales fell below year-ago levels for the first time in 14 months due to the expiration of the federal tax credit, while home prices remained stable. Mortgage rates continued setting new record lows.
- The new financial reform law establishes new regulations for mortgages and credit cards intended to protect consumers.
- Buying a home with a 15-year mortgage allows buyers to build equity faster by paying off the loan sooner compared to a 30-year loan.
“Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power by about 20 per cent, which is causing people at the entry-level side of the market to struggle to secure financing,” Ashley Smith, REBGV president said. “Suppressing housing activity through government policy not only reduces home sales, it harms the job market, economic growth and creates pent-up demand.”
Real Estate Board of Greater Vancouver Statistics Package August 2021Vicky Aulakh
- Home sales in Metro Vancouver increased 3.4% in August 2021 compared to August 2020, but listings declined 30.6%, leaving the housing market undersupplied.
- The total number of homes listed for sale was 29.7% lower than August 2020 and 8.6% lower than July 2021, with only 9,005 homes currently listed.
- The sales-to-active listings ratio of 35% indicates downward pressure on prices, but analysts say a sustained ratio below 12% is needed to significantly impact prices.
The UK housing market faces issues of high demand and low supply of reasonably priced homes. Government initiatives to increase affordable housing through subsidies have inflated prices and failed to significantly increase supply. The replacement of social housing with "affordable" housing priced at 80% of market rate will be unaffordable for many low-income renters. New starter homes priced 20% below market value may temporarily help first-time buyers but risk further price increases if supply is not adequately expanded.
The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.
Sales decreased 13% from APRIL 2021.
Stats provided by the real estate Board of Greater Vancouver
TRREB reported 4,581 home sales in January 2020 – up by 15.4 per cent compared to January 2019 and up by 4.8 per cent compared to December 2019.
“Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said TRREB President Michael Collins.
The average selling price in January was up by 12.3 per cent, driven by the detached houses & condominium apartments.
Housing activity remains above year-ago levels despite the expiration of tax credits. Home prices have stabilized with similar levels of distressed home sales as last year, though the economy still has further recovery ahead. Consumers are saving more and spending cautiously. While this reduces near-term spending, it positions households financially for the future. The Federal Reserve continues measures to support the economy through low interest rates and may reinvest maturing mortgage bonds to stimulate growth.
- Home sales in Metro Vancouver increased significantly in April 2021 compared to April 2020, with record high home sales for the month of April.
- In response to high demand, home sellers have been more active, with a record number of new listings in April 2021 compared to previous years.
- While new listings are at record highs, demand remains strong and more supply is still needed to balance the market, according to the Real Estate Board of Greater Vancouver.
- 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.
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.
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
- 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 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%.
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.
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.
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.
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.
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.
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.
The Victoria Real Estate Board reported on the June 2022 housing market in Victoria, BC. Sales decreased 35% from June 2021 with 612 properties sold. Inventory increased nearly 50% to 2,059 active listings. While rising inventory is improving choice for buyers, the President of VREB stressed the continued need for new housing supply to ensure long-term affordability given demand drivers like population growth. Benchmark home prices rose 23.6% for single-family homes and 29.7% for condos compared to June 2021.
Sales of real estate properties in the Victoria region decreased in August 2022 compared to the previous year. A total of 478 properties sold in August 2022, which was 42.5% fewer than the number sold in August 2021. There was also a decrease in sales compared to July 2022. While inventory levels have been increasing slowly over the past few months after two years of high demand, the ratio of sales to active listings indicates the market is still favoring sellers at 28.14% compared to the balanced range of 15-20%. Home prices in the Victoria area continued to rise compared to the previous year but saw small decreases month-over-month.
Victoria Real Estate Board February 2022Vicky Aulakh
The Victoria real estate market saw a decrease in property sales in February 2022 compared to the previous year, with inventory levels remaining at record lows. While listings increased slightly from the previous month, inventory was still down 35.6% year-over-year. This lack of supply has prevented the market from cooling off, with benchmark home prices increasing over 20% in the Victoria core area for both single family homes and condominiums compared to February 2021. The Victoria Real Estate Board is calling on the government to focus on increasing housing supply through incentives and removing barriers to development to balance the market.
Sales of 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 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.
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.
Victoria Real Estate Board Stats Nov 19 Vicky Aulakh
The Victoria Real Estate market remains competitive with sales up in November 2019 compared to the previous year. While total listings decreased slightly year-over-year, demand continues to outpace supply, especially for lower to mid-priced homes. This is pushing up prices, making it challenging for buyers. The benchmark home price for single family homes decreased slightly while the condo benchmark price increased over the past year. An adequate understanding of market trends and pricing is important for buyers and sellers to have success in the current competitive environment.
Victoria Real Estate Board Statistics 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 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.
Similar to Victoria Real Estate Board June 2020 Stats (20)
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.
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.
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.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
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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
July 2, 2020
Victoria real estate market impacted by many different factors in June
A total of 808 properties sold in the Victoria Real Estate Board region this June, 9.2 per cent more than the 740
properties sold in June 2019 and 76.8 per cent more than the previous month of May 2020. Sales of
condominiums were down 3.2 per cent from June 2019 with 209 units sold. Sales of single family homes were
up 16.8 per cent from June 2019 with 460 sold.
“This June we saw competing factors from all different sides of the real estate equation,” says Victoria Real
Estate Board President Sandi-Jo Ayers. “If all we do is look at numbers, we see a fairly normal June, in the midst
of a very not normal world. The impact of COVID-19 on our entire economy continues. And while some buyers
and sellers are slow to emerge from isolation, others have been highly active since the start of Phase 2 of BC’s
Restart Plan. Because of the pandemic, an eviction order that prohibited a landlord from ending a tenancy was
introduced. The order may have kept some homes from going to market. The portion of this order that prevented
a seller from providing vacant possession of a tenanted home was lifted late this month, which may bring some
listings to market that had been stalled. Due to the pandemic alone, we have multiple factors influencing the
inventory and sales in our market.”
There were 2,698 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
June 2020, 11.3 percent fewer properties than the total available at the end of June 2019 but a 6.1 per cent
increase from the 2,544 active listings for sale at the end of May 2020.
“Additionally, the Canada Mortgage and Housing Corporation announced changes that start July 1 which will
reduce the borrowing power of some buyers who insure through CMHC,” adds Ayers. “This may have pushed
some demand forward - although there are alternate suppliers of mortgage insurance. Ongoing low inventory
levels also mean that we are seeing a fair number of multiple offers. The condo market is slightly softer in terms
of sales numbers. This may be in part due to the recent strata insurance issues which caused concern for
owners and sellers. The government promised this month to begin to address the insurance issue, so there may
be some relief on the horizon. These are not normal days for local real estate, nor is this month a signal of a
return to normal, regardless of the numbers. That said, buyers and sellers are successfully navigating our market
with the help of local REALTORS®, who know how to implement health and safety protocols and understand the
complexities of our current market. As always, I recommend you consult your Realtor to understand what is
happening in the moment.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
June 2019 was $861,800. The benchmark value for the same home in June 2020 increased by 4 per cent to
$896,200, 1.2 per cent more than May’s value of $885,400. The MLS® HPI benchmark value for a condominium
in the Victoria Core area in June 2019 was $519,100, while the benchmark value for the same condominium in
June 2020 increased by 1.3 per cent to $525,600, 1.6 per cent less than the May value of $534,300.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of
standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents
1,374 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed
information on the Victoria and area housing market.
PRESIDENT
Sandi-Jo Ayers
PRESIDENT ELECT
David Langlois
TREASURER
Karen Dinnie-Smyth
PAST PRESIDENT
Cheryl Woolley
DIRECTORS
Sheila Aujla
Robert Cole
Jackie Ngai
Graden Sol
Patrick Novotny
EXECUTIVE OFFICER
David Corey
2. 01-Jul-2020
June 2020Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$
2020 - June
399
209
100
11
780
460
808
61
2,698
214
108
61
13
436
254
457
40
2,544
348
216
79
15
704
394
740
46
3,040
$1,014,746
$480,097
$593,408
$418,500
$980,737
$758,283
$865,750
$425,000
$564,900
$210,000
$839,000
$750,000
$875,938
$453,060
$572,711
$203,877
$856,679
$753,645
$837,500
$390,000
$555,000
$199,900
$812,500
$622,000
$867,312
$464,188
$601,730
$198,927
$846,787
$691,506
$785,750
$420,000
$545,450
$202,400
$755,000
$539,750
86.4%
93.5%
63.9%
-15.4%
78.9%
81.1%
76.8%
52.5%
6.1%
14.7%
-3.2%
26.6%
-26.7%
10.8%
16.8%
9.2%
32.6%
-11.3%
15.8%
6.0%
3.6%
105.3%
14.5%
0.6%
17.0%
3.4%
-1.4%
110.4%
15.8%
9.7%
3.4%
9.0%
1.8%
5.1%
3.3%
20.6%
10.2%
1.2%
3.6%
3.8%
11.1%
39.0%
2020 - May 2019 - June
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Active Listings: total listings on the market at midnight on the last day of the month
This Month Last Month This Month Last Year
1Victoria Real Estate Board Multiple Listing Service ®
June 2020
Statistics Package for Media
Victoria Real Estate Board June 2020 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. Wednesday, July 01, 2020
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 June 2020 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 June 2020 Statistics
12 Months Ago
% Difference from 12 Months Ago (June 2019 to June 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB –
SF-All
Core – SF-All
Westshore – SF-All
Peninsula – SF-All
Gulf Islands – SF-All
Malahat & Area –
SF-All
-1.1%
4.6%
4.0%
8.0%
3.9%
4.1%
5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board June 2020 Statistics
12 Months Ago
% Difference from 12 Months Ago (June 2019 to June 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
1.3%
1.3%
2.6%
1.9%
6. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
June 2020 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
$989,200
$986,300 $981,300
$971,200
$959,900
$956,600
$949,000
$946,400 $929,800
$921,700
$909,000 $901,500 $895,500
$883,500
$880,600
$879,400 $874,200$872,700
$871,900
$865,100
$859,200$852,600
$848,700 $841,300
$841,200
$833,300
$829,500 $824,300
$811,400
$808,300
$803,200
$802,900
$791,300
$790,900
$789,300
$785,100
$783,300
$781,900
$780,500
$777,400
$773,400
$773,200
$768,300
$768,200
$765,500
$760,300
$755,900
$754,300
$753,000
$749,700$741,500
$729,800 $721,600 $713,900
$712,000
$711,900
$706,500
$705,800
$705,200 $700,900
$697,800
$697,300
$694,300
$691,100
$685,600 $684,200
$683,200
$680,800
$680,000
$674,700
$671,700
$668,900
$664,900
$662,800 $661,100
$660,200
$657,400
$657,300
$650,200
$649,300
$632,700
$631,400
$627,800
$622,800
$622,500
$616,600
$606,700
$601,500 $594,700
$589,400
$581,000
$578,400
$578,000
$575,600
$573,500$570,400
$563,400$560,000
$552,000
$549,900
$544,800
$539,000
$536,000
$530,500
$529,900
$528,800
$528,400
$522,000 $512,100
$508,900
$500,900
$487,300
$481,700
$463,500
$460,300
$455,400
$449,100
$444,200
$442,200
$437,700
$436,700
$406,600
$394,500
$370,800
$360,300
$357,100
$357,000
$354,900
$349,200
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,232,500 $1,231,400$1,229,800 $1,214,900$1,188,400$1,159,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
7. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
June 2020 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
256.8 253.9 251.2 240.4
239.9
238.5
237.4
235.7
234.5 234.0
233.3
232.9 230.5
230.4
229.9
228.9
228.7
228.5 227.0
226.9
226.7 226.1
226.0
224.4
224.3
223.7
223.3 223.1
222.9
222.8
222.3
221.6
221.5
221.4
221.2
220.8
220.1
219.9
219.2
219.0
218.6
218.1
218.0
217.2
217.1
216.6
216.6 215.5
215.3
215.2
214.0
213.0
212.6
212.4212.0
211.8
211.7
211.3
211.1
210.9
210.8
210.7
210.6
210.1
210.0
208.4
208.1
207.7
207.5
207.5
207.4
205.4
205.0
204.7
203.4
203.1
203.0
202.4
202.0
202.0
201.2
199.9
199.4
199.4
199.3
199.2
198.8
197.6
196.3
196.3
195.3
194.8
194.2
192.2
190.8
190.2
187.8
186.9 183.9
183.5
183.0
181.8
181.3
179.1
177.4
175.7
174.9
156.7
156.3
155.6
154.3
153.6
152.4
151.3
148.6
148.1
147.0
144.8
144.0
143.2
142.3
141.8
136.7
134.9
133.9
123.6 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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
June 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
$837,700$825,900$814,700 $790,000$788,600 $716,800
$635,900 $624,200$615,400 $610,300$608,100
$527,300
$525,700
$522,400$521,600
$519,800$519,600
$513,400
$512,800 $508,800
$506,400
$506,100
$501,800
$496,800
$493,900$493,500
$488,000
$487,600
$487,200$486,600
$486,300$484,100
$479,300
$478,100
$477,700
$474,400$473,400 $465,600
$456,500 $454,500 $451,100$446,900 $446,700
$442,100
$433,300
$433,100$433,000$430,600
$428,900
$426,400
$424,700$423,200$423,100$420,500
$417,300
$413,900
$412,900
$412,900
$412,500
$412,500$412,100
$411,500
$403,700
$393,200$388,700$385,200
$372,700
$368,700
$367,100
$363,600
$354,300
$353,000
$338,800
$323,800
$320,500
$319,300
$310,400
$304,800
$295,600
$285,000
$260,600
$260,500
$257,400
$254,300
$253,000
$245,600
$210,400
$205,300
$203,900
$202,500
$191,500
$176,600
$171,400
$169,700
$161,300
$155,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
9. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
June 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
269.1 267.9 265.9
265.9
264.4
263.4
263.3
263.3
262.4262.3260.7
257.9257.7
254.9254.8
253.9252.8
252.7252.6
252.5
251.5
251.3
251.2
250.6
249.6
249.5
248.8
248.3
248.2
247.9
247.8
247.4
247.3
246.7
244.0
243.8
243.2 241.2
241.0
240.9
240.6
240.5
240.3
240.3
237.5
236.8
236.3
236.1
235.9
233.8 233.6
233.5
233.4
233.2
232.9
232.8
231.1230.6
228.6
227.6
226.8
219.7
215.4
212.5
211.6
210.1
206.7
205.8
203.2
201.6
199.9
189.4
163.3
161.5
155.2
153.9
153.6
151.2
150.2
149.5
148.8
146.0
139.1
126.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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
June 2020 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
$704,600 $703,000 $694,000$689,800 $689,500
$681,600 $680,200 $675,700$673,200$672,000
$652,500 $646,900
$641,700
$639,800
$639,100
$637,200 $634,700
$631,400
$630,500
$628,000
$626,000
$625,000
$624,700$623,200 $621,700
$616,300
$600,600$597,400
$595,300
$593,300
$593,100$590,100 $587,000
$585,400
$584,800
$581,400
$576,200
$575,700
$574,700
$573,900
$573,400
$573,100
$572,900
$572,200
$571,600
$564,600
$564,400
$563,600$560,300 $558,600
$538,600
$538,600
$537,000$535,300
$534,700
$534,600
$534,000
$533,500
$532,900 $526,900
$525,900
$523,700$516,000
$512,800$512,500 $510,900
$509,200 $508,100
$502,700
$501,900
$500,300
$493,500$492,200
$489,900
$481,400$481,100 $475,000
$473,500
$472,400
$471,100
$466,000
$463,000
$463,000
$444,100
$438,000
$431,700
$425,100
$419,700
$410,000
$409,900
$393,200
$384,700
$383,700
$368,900
$362,700
$340,300
$338,100
$334,600
$325,200
$322,600
$287,700
$278,300
$269,500
$266,600
$266,100
$261,800
$256,100
$250,100
$247,600
$245,700
$241,900
$234,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)
11. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
June 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
275.3 274.7 272.9271.9271.4
252.1 250.3 249.8249.2 248.6
244.1244.1 240.1238.7 238.0
232.7
228.8
226.8
222.9
222.0
221.7
221.5
221.3
221.1
221.0
220.6
220.3
220.2
219.6
219.2
218.4
218.3
218.1
217.9
217.8
217.6 217.3
215.3
215.1
215.0
213.9
213.8 213.7
213.3
213.1
213.1
212.8
212.0
211.8
210.9210.1
210.0
208.7
200.1
198.3
198.0
197.3
194.5 194.1
193.5
192.7
192.7192.6 192.0
191.8
191.7
191.4
191.0
190.8
188.9
188.7
188.5188.0
188.0
188.0187.9
186.8
185.5
184.2
182.0 180.8
170.0
168.7
168.6
167.3
166.9
163.9
152.5
147.5
147.3
146.0
145.9
142.4
137.6
136.3
130.0
127.0
122.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)
12. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Single Family-All (SF-All)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
13. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
14. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Townhouse (Twn)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
16. Monthly Sales Summary
Wednesday, July 1, 2020
Units Total Volume
June 2020
Region
District
Residential
Single Familyl
Greater Victoria
Victoria 34 $34,266,000
Victoria West 2 $1,753,000
Oak Bay 38 $58,405,504
Esquimalt 9 $8,075,400
View Royal 12 $9,117,900
Saanich East 72 $74,952,337
Saanich West 21 $16,451,400
Central Saanich 23 $19,292,000
North Saanich 24 $25,492,886
Sidney 6 $4,258,500
Highlands 2 $2,240,000
Colwood 24 $18,191,645
Langford 67 $52,589,252
Metchosin 10 $10,084,800
Sooke 35 $22,608,135
Waterfront (all districts) 20 $47,104,800
Total Greater Victoria 399 $404,883,559
Other Areas
Shawnigan Lake / Malahat 6 $4,021,500
Gulf Islands 24 $18,525,800
UpIsland / Mainland 17 $11,721,949
Waterfront (all districts) 14 $11,986,000
Total Other Areas 61 $46,255,249
Total Single Family 460 $451,138,808
Condo Apartmentl
Greater Victoria
Victoria 64 $31,046,376
Victoria West 17 $10,739,300
Oak Bay 3 $1,824,000
Esquimalt 14 $5,538,600
View Royal 1 $415,000
Saanich East 36 $15,289,394
Saanich West 7 $3,139,500
Central Saanich 4 $1,868,700
North Saanich 2 $1,279,800
Sidney 12 $5,157,800
Colwood 6 $2,855,900
Langford 31 $12,160,100
Sooke 1 $755,000
Waterfront (all districts) 11 $8,270,900
Total Greater Victoria 209 $100,340,370
Total Condo Apartment 209 $100,340,370
1
Victoria Real Estate Board Multiple Listing Service ®
17. Monthly Sales Summary
Wednesday, July 1, 2020
Units Total Volume
June 2020
Region
District
Row/Townhousel
Greater Victoria
Victoria 7 $4,902,000
Esquimalt 2 $1,196,000
View Royal 4 $2,717,000
Saanich East 17 $12,619,985
Saanich West 8 $4,905,900
Central Saanich 9 $5,256,800
North Saanich 1 $715,000
Sidney 5 $3,513,000
Colwood 7 $3,846,850
Langford 26 $13,913,595
Sooke 9 $3,552,695
Waterfront (all districts) 3 $1,685,000
Total Greater Victoria 98 $58,823,825
Other Areas
Gulf Islands 1 $366,900
UpIsland / Mainland -1 ($439,900)
Waterfront (all districts) 2 $590,000
Total Other Areas 2 $517,000
Total Row/Townhouse 100 $59,340,825
Manufactured Homel
Greater Victoria
View Royal 1 $210,000
Saanich East 1 $2,300,000
Central Saanich 1 $281,000
Sidney 1 $400,000
Colwood 1 $490,000
Langford 1 $141,000
Sooke 1 $122,000
Total Greater Victoria 7 $3,944,000
Other Areas
Shawnigan Lake / Malahat 1 $100,000
UpIsland / Mainland 3 $559,500
Total Other Areas 4 $659,500
Total Manufactured Home 11 $4,603,500
Total Residential 780 $615,423,503
2
Victoria Real Estate Board Multiple Listing Service ®
18. Monthly Sales Summary
Wednesday, July 1, 2020
Units Total Volume
June 2020
Region
District
Grand Totals 808 $631,792,569
13 $7,701,066Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
Oak Bay 1 $1,680,000
North Saanich 2 $1,287,500
Langford 1 $263,500
Sooke 2 $409,900
Total Greater Victoria 6 $3,640,900
Other Areas
Shawnigan Lake / Malahat 3 $1,236,000
Gulf Islands 5 $3,356,100
UpIsland / Mainland 1 $435,000
Total Other Areas 9 $5,027,100
Total Lots & Acreage (Incl Wtrfrnt) 15 $8,668,000
3
Victoria Real Estate Board Multiple Listing Service ®
19. Active Listings, New Listings and Sales June 2020
Wednesday, July 01, 2020
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
3,000
3,200
3,400
3,600
3,800
4,000
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Total Active MLS® Listings
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Total New MLS® Listings and Total MLS® Sales
Listings Sales
Victoria Real Estate Board Multiple Listing Service ®
20. Sales to Active Listings Ratio June 2020
Wednesday, July 01, 2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Victoria Real Estate Board Multiple Listing Service ®
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)
21. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Single Family - Residential
Units Listed 520
Units Sold 371
Sell/List Ratio 71
Sales Dollars $344,045,408
Average Price / Unit $927,346
Price Ratio 99
Days To Sell 37
Active Listings at Month End 734
%
%
514
343
67
$282,573,089
$823,828
98
39
1034
%
%
1
8
22
13
-7
-29
%
%
%
%
%
%
2299
1368
60
$1,193,680,430
$872,573
98
39
%
%
3050
1631
53
$1,345,147,061
$824,738
98
39
%
%
-25
-16
-11
6
-1
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 55
Units Sold 33
Sell/List Ratio 60
Sales Dollars $59,045,800
Average Price / Unit $1,789,267
Price Ratio 95
Days To Sell 59
Active Listings at Month End 154
%
%
56
17
30
$27,383,000
$1,610,765
97
56
203
%
%
-2
94
116
11
5
-24
%
%
%
%
%
%
226
93
41
$155,685,563
$1,674,038
94
91
%
%
259
77
30
$104,731,961
$1,360,155
94
101
%
%
-13
21
49
23
-9
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 70
Units Sold 39
Sell/List Ratio 56
Sales Dollars $38,813,100
Average Price / Unit $995,208
Price Ratio 95
Days To Sell 41
Active Listings at Month End 137
%
%
62
19
31
$15,795,000
$831,316
95
55
190
%
%
13
105
146
20
-24
-28
%
%
%
%
%
%
255
128
50
$133,377,449
$1,042,011
96
68
%
%
301
126
42
$113,569,084
$901,342
97
69
%
%
-15
2
17
16
-1
%
%
%
%
%
Condo Apartment
Units Listed 434
Units Sold 209
Sell/List Ratio 48
Sales Dollars $100,340,370
Average Price / Unit $480,097
Price Ratio 98
Days To Sell 45
Active Listings at Month End 764
%
%
304
216
71
$100,264,574
$464,188
98
35
643
%
%
43
-3
0
3
27
19
%
%
%
%
%
%
1907
861
45
$413,873,980
$480,690
98
39
%
%
1893
1099
58
$512,055,352
$465,928
98
37
%
%
1
-22
-19
3
4
%
%
%
%
%
1Victoria Real Estate Board Multiple Listing Service ®
22. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Row/Townhouse
Units Listed 180
Units Sold 100
Sell/List Ratio 56
Sales Dollars $59,340,825
Average Price / Unit $593,408
Price Ratio 99
Days To Sell 48
Active Listings at Month End 250
%
%
135
79
59
$47,536,699
$601,730
98
41
258
%
%
33
27
25
-1
17
-3
%
%
%
%
%
%
687
399
58
$236,809,054
$593,506
99
48
%
%
764
408
53
$249,766,211
$612,172
98
37
%
%
-10
-2
-5
-3
27
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
3
2
67
$691,000
$345,500
95
172
%
%
0
0
$0
%
%
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 17
Units Sold 10
Sell/List Ratio 59
Sales Dollars $5,678,500
Average Price / Unit $567,850
Price Ratio 100
Days To Sell 58
Active Listings at Month End 16
%
%
15
6
40
$3,762,500
$627,083
97
94
23
%
%
13
67
51
-9
-38
-30
%
%
%
%
%
%
60
33
55
$21,347,900
$646,906
99
39
%
%
68
40
59
$26,324,840
$658,121
98
54
%
%
-12
-18
-19
-2
-28
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Sales Dollars $2,080,000
Average Price / Unit $693,333
Price Ratio 99
Days To Sell 19
Active Listings at Month End 2
%
%
4
2
50
$1,370,000
$685,000
99
30
5
%
%
-50
50
52
1
-38
-60
%
%
%
%
%
%
8
7
88
$4,605,400
$657,914
99
32
%
%
19
12
63
$8,361,500
$696,792
99
36
%
%
-58
-42
-45
-6
-11
%
%
%
%
%
2Victoria Real Estate Board Multiple Listing Service ®
23. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Recreational
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Sales Dollars $144,000
Average Price / Unit $72,000
Price Ratio 92
Days To Sell 655
Active Listings at Month End 15
%
%
5
4
80
$463,500
$115,875
92
94
25
%
%
0
-50
-69
-38
600
-40
%
%
%
%
%
%
16
5
31
$420,000
$84,000
91
412
%
%
26
7
27
$773,500
$110,500
94
59
%
%
-38
-29
-46
-24
598
%
%
%
%
%
Manufactured Home
Units Listed 18
Units Sold 11
Sell/List Ratio 61
Sales Dollars $4,603,500
Average Price / Unit $418,500
Price Ratio 93
Days To Sell 55
Active Listings at Month End 36
%
%
17
15
88
$2,983,900
$198,927
94
63
46
%
%
6
-27
54
110
-14
-22
%
%
%
%
%
%
99
66
67
$15,285,125
$231,593
95
60
%
%
119
81
68
$15,691,788
$193,726
95
54
%
%
-17
-19
-3
20
12
%
%
%
%
%
Residential Lot
Units Listed 21
Units Sold 5
Sell/List Ratio 24
Sales Dollars $1,147,400
Average Price / Unit $229,480
Price Ratio 97
Days To Sell 86
Active Listings at Month End 131
%
%
37
18
49
$5,064,200
$281,344
94
148
198
%
%
-43
-72
-77
-18
-42
-34
%
%
%
%
%
%
148
53
36
$24,436,674
$461,069
99
136
%
%
219
67
31
$20,140,720
$300,608
94
150
%
%
-32
-21
21
53
-10
%
%
%
%
%
Residential Lot - Waterfront
Units Listed 10
Units Sold 1
Sell/List Ratio 10
Sales Dollars $1,680,000
Average Price / Unit $1,680,000
Price Ratio 99
Days To Sell 45
Active Listings at Month End 42
%
%
3
1
33
$315,000
$315,000
103
19
25
%
%
233
0
433
433
137
68
%
%
%
%
%
%
40
6
15
$4,113,125
$685,521
93
266
%
%
27
6
22
$4,663,500
$777,250
95
163
%
%
48
0
-12
-12
63
%
%
%
%
%
3Victoria Real Estate Board Multiple Listing Service ®
24. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Residential Acreage
Units Listed 25
Units Sold 6
Sell/List Ratio 24
Sales Dollars $2,110,500
Average Price / Unit $351,750
Price Ratio 95
Days To Sell 302
Active Listings at Month End 78
%
%
20
6
30
$1,775,000
$295,833
93
108
93
%
%
25
0
19
19
179
-16
%
%
%
%
%
%
88
34
39
$19,656,000
$578,118
93
146
%
%
93
27
29
$12,183,000
$451,222
93
158
%
%
-5
26
61
28
-8
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Sales Dollars $3,730,100
Average Price / Unit $1,243,367
Price Ratio 91
Days To Sell 176
Active Listings at Month End 29
%
%
2
4
200
$13,810,000
$3,452,500
96
286
27
%
%
0
-25
-73
-64
-38
7
%
%
%
%
%
%
22
10
45
$9,689,182
$968,918
89
126
%
%
23
8
35
$16,525,000
$2,065,625
96
298
%
%
-4
25
-41
-53
-58
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 6
Units Sold 2
Sell/List Ratio 33
Sales Dollars $1,332,000
Average Price / Unit $666,000
Price Ratio 95
Days To Sell 48
Active Listings at Month End 7
%
%
4
3
75
$2,286,900
$762,300
97
47
12
%
%
50
-33
-42
-13
2
-42
%
%
%
%
%
%
29
17
59
$16,190,950
$952,409
97
42
%
%
22
8
36
$7,696,800
$962,100
97
34
%
%
32
113
110
-1
26
%
%
%
%
%
Revenue - Multi Unit
Units Listed 8
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 16
%
%
1
1
100
$2,000,000
$2,000,000
100
51
6
%
%
700
-100
-100
167
%
%
%
%
%
%
20
1
5
$1,750,000
$1,750,000
88
30
%
%
9
4
44
$6,488,000
$1,622,000
97
70
%
%
122
-75
-73
8
-57
%
%
%
%
%
4Victoria Real Estate Board Multiple Listing Service ®
25. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Revenue - Apartment Block
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 6
%
%
1
0
0
$0
3
%
%
200
100
%
%
%
%
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
8
2
25
$8,430,000
$4,215,000
93
79
%
%
13
50
1
-33
62
%
%
%
%
%
Revenue - Commercial
Units Listed 10
Units Sold 1
Sell/List Ratio 10
Sales Dollars $425,000
Average Price / Unit $425,000
Price Ratio 95
Days To Sell 73
Active Listings at Month End 45
%
%
10
2
20
$1,105,000
$552,500
100
82
36
%
%
0
-50
-62
-23
-10
25
%
%
%
%
%
%
40
9
23
$7,440,900
$826,767
96
90
%
%
47
16
34
$9,285,120
$580,320
94
111
%
%
-15
-44
-20
42
-19
%
%
%
%
%
Revenue - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
1
0
0
$0
1
%
%
-100
0
%
%
%
%
%
%
1
0
0
$0
%
%
2
1
50
$249,000
$249,000
100
21
%
%
-50
-100
-100
%
%
%
%
%
Business with Land & Building
Units Listed 4
Units Sold 8
Sell/List Ratio 200
Sales Dollars $7,211,020
Average Price / Unit $901,377
Price Ratio 93
Days To Sell 106
Active Listings at Month End 30
%
%
7
0
0
$0
34
%
%
-43
-12
%
%
%
%
%
%
40
17
43
$27,563,992
$1,621,411
91
144
%
%
33
9
27
$6,770,059
$752,229
106
139
%
%
21
89
307
116
4
%
%
%
%
%
5Victoria Real Estate Board Multiple Listing Service ®
26. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Business Only
Units Listed 4
Units Sold 2
Sell/List Ratio 50
Sales Dollars $65,000
Average Price / Unit $32,500
Price Ratio 30
Days To Sell 138
Active Listings at Month End 48
%
%
13
3
23
$200,000
$66,667
68
167
74
%
%
-69
-33
-68
-51
-18
-35
%
%
%
%
%
%
58
12
21
$995,500
$82,958
77
118
%
%
79
18
23
$1,556,600
$86,478
72
104
%
%
-27
-33
-36
-4
13
%
%
%
%
%
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 3
%
%
0
0
$0
1
%
%
200
%
%
%
%
%
%
2
0
0
$0
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Lease - Office
Units Listed 16
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 48
%
%
2
0
0
$0
32
%
%
700
50
%
%
%
%
%
%
43
2
5
$40
$20
402
%
%
29
9
31
$175
$19
170
%
%
48
-78
-77
3
137
%
%
%
%
%
Lease - Retail
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Sales Dollars $31
Average Price / Unit $31
Price Ratio
Days To Sell 37
Active Listings at Month End 25
%
%
1
0
0
$0
25
%
%
500
0
%
%
%
%
%
%
28
6
21
$1,740
$290
112
233
%
%
26
6
23
$116
$19
2
110
%
%
8
0
1397
1397
111
%
%
%
%
%
6Victoria Real Estate Board Multiple Listing Service ®
27. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
0
0
$0
1
%
%
0
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Lease - Industrial
Units Listed 1
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
1
0
0
$0
%
%
1
1
100
$9
$9
45
%
%
0
-100
-100
%
%
%
%
%
Lease - Other
Units Listed 10
Units Sold 1
Sell/List Ratio 10
Sales Dollars $15
Average Price / Unit $15
Price Ratio
Days To Sell 88
Active Listings at Month End 53
%
%
6
1
17
$23
$23
91
29
%
%
67
0
-35
-35
-3
83
%
%
%
%
%
%
51
2
4
$30
$15
61
%
%
28
9
32
$187
$21
150
%
%
82
-78
-84
-28
-59
%
%
%
%
%
Commercial Land
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 25
%
%
1
0
0
$0
16
%
%
200
56
%
%
%
%
%
%
23
0
0
$0
%
%
17
2
12
$1,520,000
$760,000
84
250
%
%
35
-100
-100
%
%
%
%
%
7Victoria Real Estate Board Multiple Listing Service ®
28. Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Units Listed 1430
Units Sold 808
Sell/List Ratio 57
Sales Dollars $631,792,569
Average Price / Unit $781,921
Price Ratio 98
Days To Sell 47
Active Listings at Month End 2698
%
%
Grand Totals
1221
740
61
$508,688,385
$687,417
98
46
3040
%
%
17
9
24
14
4
-11
%
%
%
%
%
%
6204
3134
51
$2,296,112,934
$732,646
98
49
%
%
7164
3674
51
$2,471,929,583
$672,817
98
47
%
%
-13
-15
-7
9
5
%
%
%
%
%
8Victoria Real Estate Board Multiple Listing Service ®