Victoria Real Estate Board Statistics January 2020 graphs and charts

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
February 3, 2020
Victoria real estate market returns to traditional sales numbers, but low inventory persists
A total of 411 properties sold in the Victoria Real Estate Board region this January, 24.9 per cent more
than the 329 properties sold in January 2019 and 2.2 per cent more than in December 2019. Sales of
condominiums were up 6.3 per cent from January 2019 with 118 units sold. Sales of single family
homes increased 31.6 per cent from January 2019 with 200 sold.
“Our new year is already showing a strong distinction from the year previous,” says Victoria Real
Estate Board President Sandi-Jo Ayers. “We’ve returned to more traditional January sales numbers -
which tend to be over 400 sales. Unfortunately, we have not seen a corresponding increase in listings
alongside the demand, so buyers in the low- to mid-price segment of our market may find themselves
in competition for desirable properties. Our market is challenging and at times like these the services
of your local REALTOR® are invaluable.”
There were 1,958 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of January 2020, 6 properties more than the total available at the end of December 2019 and
a 4.8 per cent decrease from the 2,057 active listings for sale at the end of January 2019.
“Pressure on our market has been slowly returning,” adds Ayers. “With not enough inventory to satisfy
demand, people occupying the middle rung of our property ladder have limited options – which means
less movement to make room for those hoping to move or to buy their first homes. Eighteen months
ago, the provincial and federal governments introduced demand side measures, which we can now
see have not been successful in making homes more attainable in our community. Since demand side
measures aren’t working, the Board hopes that all levels of government will turn their attention to
supply. Our municipalities working with developers to cut red tape and reduce costs should help to
introduce more housing opportunities and alleviate some pressure.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in January 2019 was $846,900. The benchmark value for the same home in January
2020 increased by 1.4 per cent to $858,500, 0.4 per cent more than December’s value of $855,000.
The MLS® HPI benchmark value for a condominium in the Victoria Core area in January 2019 was
$500,500, while the benchmark value for the same condominium in January 2020 increased by 4.1
per cent to $521,100, slightly more than the December value of $520,700.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key
player in the development of standards and innovative programs to enhance the professionalism of
REALTORS®. The Victoria Real Estate Board represents 1,380 local Realtors. If you are thinking
about buying or selling a home, connect with your local Realtor for detailed information on the Victoria
and area housing market.
Contact: Denise Hogue, Communications Manager - denise@vreb.org, 250-920-4652
PRESIDENT
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. 02-Feb-2020
January 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 - January
179
118
50
12
380
200
411
21
1,958
176
121
43
11
373
198
402
22
1,952
135
111
37
9
309
152
329
17
2,057
$953,190
$493,213
$623,165
$172,358
$927,668
$710,119
$825,000
$430,500
$568,900
$142,500
$805,450
$618,000
$899,782
$486,101
$555,273
$150,650
$882,087
$740,523
$795,000
$429,900
$538,500
$147,500
$792,500
$745,000
$851,117
$418,024
$595,560
$223,699
$824,123
$609,759
$742,000
$389,900
$540,000
$165,000
$737,000
$520,000
1.7%
-2.5%
16.3%
9.1%
1.9%
1.0%
2.2%
-4.5%
0.3%
32.6%
6.3%
35.1%
33.3%
23.0%
31.6%
24.9%
23.5%
-4.8%
5.9%
1.5%
12.2%
14.4%
5.2%
-4.1%
12.0%
18.0%
4.6%
-23.0%
12.6%
16.5%
3.8%
0.1%
5.6%
-3.4%
1.6%
-17.0%
11.2%
10.4%
5.4%
-13.6%
9.3%
18.8%
2019 - December 2019 - January
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: 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 ®
January 2020
Statistics Package for Media
Victoria Real Estate Board January 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. Sunday, February 02, 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 January 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 January 2020 Statistics
12 Months Ago
% Difference of HPI from 12 Months Ago (January 2019 to January 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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB –
SF-All
Core – SF-All
Westshore – SF-All
Peninsula – SF-All
Gulf Islands – SF-All
Malahat & Area –
SF-All
-1.96%
2.86%
1.36%
5.41%
1.46%
7.59%

5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board January 2020 Statistics
12 Months Ago
% Difference of HPI from 12 Months Ago (January 2019 to January 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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
3.67%
4.09%
2.64%
1.57%

6. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
January 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
$959,100 $958,100
$951,800$949,100$941,800 $939,000
$934,700
$933,100
$930,300 $913,300
$875,400$873,100$873,100 $871,100 $864,400
$856,100$853,900$848,600 $841,600 $838,600
$836,100$833,900 $831,700$829,100
$828,500
$807,200
$798,500
$773,900
$771,000
$769,000
$765,900
$765,600
$756,300 $756,000
$756,000
$756,000
$755,700
$755,100 $754,400
$754,400$754,400
$753,500
$753,100
$752,100
$747,800
$744,900 $744,600
$743,800
$741,700
$739,600
$734,900
$703,900 $698,200
$683,200$682,600 $682,300
$679,600
$677,900
$673,200
$672,100
$671,000
$665,800
$665,600 $664,300
$664,300
$662,800 $657,600$657,300$656,700
$653,100
$652,600
$651,900
$650,300
$649,200$647,700
$646,800
$643,900
$637,500
$629,400
$623,800
$622,800
$611,900
$590,200
$582,300
$582,200
$579,600
$572,900 $571,800
$569,500
$564,900
$563,800
$556,200
$555,000
$552,000
$551,400
$551,300
$545,100
$543,300$542,500 $533,000
$528,200
$521,400
$518,600
$517,000
$511,200 $510,600
$510,400
$504,500
$502,000
$492,500
$487,300
$455,400
$447,400
$446,100
$438,000
$437,700
$435,000
$434,900
$431,100
$423,800
$407,200
$394,500
$378,600
$370,800
$364,900
$356,900
$356,300
$347,200
$340,100
$332,600
$329,900
$321,500
$308,000
$292,400
$291,500
$284,200
$282,300
$264,900
$1,212,600$1,185,600 $1,184,500$1,177,900$1,159,700 $1,102,800
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)

7. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
January 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
240.4240.2 240.1 236.9 236.1
229.2 229.1 228.7228.7 226.7
226.7
225.5
224.9
224.9
224.8224.6
224.3223.6
223.2
222.9
221.9
221.5
221.3221.3 220.8
220.5
219.7
219.1
217.7
217.5 217.3
215.7
214.8 214.6213.4
212.3 212.2212.2
211.6
211.4
211.4
211.1
210.8
210.7
210.3
210.1
209.9
209.5
209.0
208.7 208.6
208.4
208.1
207.8
207.1
207.0
206.8
206.3
206.2
206.2
205.1
204.9
204.8
203.8
202.9 202.5
202.4
202.3
202.2
201.2
201.2
200.6
200.4
200.1
199.8
199.7
197.0
196.8 196.6
195.8
195.6
195.2
195.1193.9
193.2
192.3
191.8
191.6
190.9
189.2
188.3
188.1
187.4
183.1
183.0
180.3
178.9175.4 175.2
175.0
173.1
171.5
170.0
169.5
169.3
164.2
158.0
151.7
149.8
149.3
147.6
147.0
147.0
145.3
140.9
139.8
139.7
137.6
135.3
134.5
134.1
134.0
129.6
128.4
128.0
125.2 100.0
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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
January 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
$808,600 $793,000 $790,000$788,300 $751,000 $651,100
$624,300$622,700 $617,700$599,500 $574,200
$513,800$511,900
$511,000$510,800$510,200 $500,300
$497,800 $492,800
$492,100
$491,500
$489,600
$488,500
$486,400
$485,800
$484,200
$483,100$478,100
$477,800
$475,700
$475,700
$475,700
$475,500
$474,300
$470,500
$468,200 $462,800
$454,700$453,800 $448,100$445,700
$443,800$441,900
$435,000
$432,700
$429,700
$429,600$429,300
$427,700
$426,400 $424,600
$421,600
$420,000
$412,900$408,800 $399,300 $399,000$396,800
$383,200
$378,900
$376,500 $368,600 $364,800
$363,600
$363,400
$360,000
$359,200
$342,400
$338,800
$328,100
$325,000
$316,500
$314,600
$301,400
$300,400
$299,200
$296,100
$292,600
$286,200
$276,700
$272,500
$253,000
$251,100
$250,700
$250,400
$248,500
$210,400
$205,500
$205,300
$201,800
$191,100
$179,300
$176,600
$169,700
$162,500
$155,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)

9. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
January 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
268.0267.5
264.4264.2
264.1262.7
262.4 261.3 258.5
256.4
255.6250.0248.8
248.7248.6248.3
247.5
246.7
246.4
246.1
245.0
244.2
244.1
243.5
243.3
242.6
242.2
241.8
241.0239.9
239.6
239.5
238.7
238.5
236.9
236.7
236.6
235.7
235.3
235.1
235.0
234.3
234.2
234.1
233.8
233.6
233.4
233.2
232.9
232.7
231.7231.7
231.5
229.2
226.9
226.1 225.9224.7
221.7
219.9
200.0
193.4
192.2
188.4
187.9
186.5
180.1
178.0
177.1
176.5
171.0
169.4
159.6
154.3
154.3
149.5
148.0
146.8
144.1
143.4
142.6
141.8
141.8
118.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)

10. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
January 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
$738,600 $735,900 $735,200 $731,100$718,800
$685,600 $680,200 $671,200$661,100
$643,000
$636,500
$635,700
$635,500 $632,600 $631,500 $630,900
$625,700$623,700
$621,000
$621,000
$620,600 $616,000 $607,900
$606,700
$605,900
$603,000 $602,200
$600,800
$597,400
$594,600 $591,500
$590,600
$587,200
$586,000 $585,500
$582,000
$580,100 $579,000
$577,400
$575,300
$572,700 $567,500
$566,900
$566,700
$561,000
$555,900 $554,200$534,600
$534,600
$532,300
$529,800
$527,400
$525,500
$523,900
$518,400
$516,100
$515,600
$514,300
$506,600
$505,900
$505,500
$505,400
$502,600
$502,100$500,000 $492,700 $492,200$490,600
$490,400
$490,100
$487,300
$476,800
$474,700
$474,200
$468,300 $468,100 $464,800$461,400 $455,500
$438,400
$434,800
$423,000
$407,200
$406,000
$405,900
$405,800
$403,500
$402,700
$401,600
$398,100
$389,300
$388,400
$361,000
$341,000
$340,800
$336,600
$335,800
$334,600
$327,200
$303,600
$287,700
$281,400
$269,600
$268,800
$266,100
$261,500
$256,100
$250,100
$247,600
$245,500
$241,900
$234,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)

11. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
January 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
276.9 274.7 271.1267.0
254.5
250.8
250.2249.4 248.3
246.0 244.0
242.6
241.8 239.0
229.8 229.1
223.9
223.5
221.6
221.0
220.9 219.9 219.5 219.3
219.1
218.0 217.8
216.8
216.6
215.9
215.8
215.8
215.6
215.4
214.8
214.4
214.3
214.3 214.0
213.4
213.4
212.6
211.3
210.9
210.8
210.2
210.2
210.0
208.7
205.9
204.3
202.1
200.9 199.1
192.0191.2
190.0
188.9
188.4 188.2187.6
186.8
185.5
184.2
184.1
182.9 182.8
181.7
181.5
181.1
180.2
179.4
179.2
177.9
176.6
176.2
175.9
175.6
174.3
172.3
168.3
159.2
154.3
153.8
152.6
151.7
151.4
149.4
144.4
143.1
142.9
141.1
138.8
128.4
127.8
126.5
125.5
121.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)

12. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Single Family-All (SF-All)
HPI or Benchmark Price
HPI
Benchmark Price
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

13. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Benchmark Price ($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

14. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Benchmark Price ($)
300,000
400,000
500,000
600,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Townhouse (Twn)
HPI or Benchmark Price
HPI
Benchmark Price
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

15. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – SF-All Victoria REB – Twn Victoria REB – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Benchmark Price ($)
200,000
300,000
400,000
500,000
600,000
700,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Multiple values
HPI or Benchmark Price
HPI
Benchmark Price
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

16. Monthly Sales Summary
Sunday, February 2, 2020
Units Total Volume
January 2020
Region
District
Residential
Single Familyl
Greater Victoria
Victoria 16 $18,227,500
Victoria West 1 $570,000
Oak Bay 14 $20,340,000
Esquimalt 7 $5,225,000
Saanich East 26 $31,067,500
Saanich West 15 $13,106,900
Central Saanich 8 $5,989,000
North Saanich 4 $3,680,570
Sidney 9 $6,417,000
Highlands 3 $2,825,000
Colwood 12 $8,899,766
Langford 33 $26,918,700
Metchosin 1 $1,195,000
Sooke 20 $10,166,565
Waterfront (all districts) 10 $15,992,500
Total Greater Victoria 179 $170,621,001
Other Areas
Shawnigan Lake / Malahat 2 $1,610,000
Gulf Islands 11 $8,797,000
UpIsland / Mainland 4 $1,949,000
Waterfront (all districts) 4 $2,556,500
Total Other Areas 21 $14,912,500
Total Single Family 200 $185,533,501
Condo Apartmentl
Greater Victoria
Victoria 38 $17,619,950
Victoria West 6 $2,935,900
Oak Bay 1 $785,000
Esquimalt 8 $3,176,695
View Royal 3 $1,709,395
Saanich East 25 $13,607,850
Saanich West 3 $1,238,600
Central Saanich 1 $459,900
North Saanich 1 $709,900
Sidney 4 $2,562,000
Colwood 2 $1,634,000
Langford 16 $6,260,945
Sooke 1 $195,000
Waterfront (all districts) 8 $4,873,000
Total Greater Victoria 117 $57,768,135
Other Areas
Waterfront (all districts) 1 $431,000
Total Other Areas 1 $431,000
Total Condo Apartment 118 $58,199,135
1
Victoria Real Estate Board Multiple Listing Service ®

17. Monthly Sales Summary
Sunday, February 2, 2020
Units Total Volume
January 2020
Region
District
Row/Townhousel
Greater Victoria
Victoria 7 $6,278,800
Victoria West 2 $1,378,500
Esquimalt 2 $1,105,000
View Royal 2 $1,276,900
Saanich East 4 $2,818,777
Saanich West 5 $2,553,900
Central Saanich 2 $1,364,900
Sidney 3 $2,161,295
Colwood 1 $460,000
Langford 15 $7,818,600
Sooke 3 $1,412,700
Waterfront (all districts) 3 $2,052,000
Total Greater Victoria 49 $30,681,372
Other Areas
Gulf Islands 1 $476,900
Total Other Areas 1 $476,900
Total Row/Townhouse 50 $31,158,272
Manufactured Homel
Greater Victoria
View Royal 1 $145,000
Central Saanich 1 $140,000
Sidney 1 $380,000
Langford 6 $828,300
Sooke 1 $205,000
Waterfront (all districts) 1 $130,000
Total Greater Victoria 11 $1,828,300
Other Areas
UpIsland / Mainland 1 $240,000
Total Other Areas 1 $240,000
Total Manufactured Home 12 $2,068,300
Total Residential 380 $276,959,208
2
Victoria Real Estate Board Multiple Listing Service ®

18. Monthly Sales Summary
Sunday, February 2, 2020
Units Total Volume
January 2020
Region
District
Grand Totals 411 $298,152,525
10 $10,976,917Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
Saanich East 1 $710,000
Saanich West 1 $750,000
Central Saanich 2 $2,400,000
North Saanich 1 $825,000
Langford 2 $592,400
Sooke 8 $1,654,400
Total Greater Victoria 15 $6,931,800
Other Areas
Gulf Islands 5 $1,084,600
UpIsland / Mainland 1 $2,200,000
Total Other Areas 6 $3,284,600
Total Lots & Acreage (Incl Wtrfrnt) 21 $10,216,400
3
Victoria Real Estate Board Multiple Listing Service ®

19. Active Listings, New Listings and Sales January 2020
Sunday, February 02, 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
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Total Active MLS® Listings
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Total New MLS® Listings and Total MLS® Sales
Listings Sales
Victoria Real Estate Board Multiple Listing Service ®

20. Sales to Active Listings Ratio January 2020
Sunday, February 02, 2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
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
February 2, 2020
January 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Single Family - Residential
Units Listed 304
Units Sold 160
Sell/List Ratio 53
Sales Dollars $142,617,601
Average Price / Unit $891,360
Price Ratio 98
Days To Sell 62
Active Listings at Month End 520
%
%
373
127
34
$98,466,141
$775,324
97
59
688
%
%
-18
26
45
15
4
-24
%
%
%
%
%
%
304
160
53
$142,617,601
$891,360
98
62
%
%
373
127
34
$98,466,141
$775,324
97
59
%
%
-18
26
45
15
4
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 28
Units Sold 12
Sell/List Ratio 43
Sales Dollars $18,450,500
Average Price / Unit $1,537,542
Price Ratio 91
Days To Sell 163
Active Listings at Month End 121
%
%
22
6
27
$9,126,500
$1,521,083
89
181
110
%
%
27
100
102
1
-10
10
%
%
%
%
%
%
28
12
43
$18,450,500
$1,537,542
91
163
%
%
22
6
27
$9,126,500
$1,521,083
89
181
%
%
27
100
102
1
-10
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 27
Units Sold 19
Sell/List Ratio 70
Sales Dollars $19,715,500
Average Price / Unit $1,037,658
Price Ratio 94
Days To Sell 87
Active Listings at Month End 90
%
%
23
15
65
$15,104,650
$1,006,977
97
113
94
%
%
17
27
31
3
-23
-4
%
%
%
%
%
%
27
19
70
$19,715,500
$1,037,658
94
87
%
%
23
15
65
$15,104,650
$1,006,977
97
113
%
%
17
27
31
3
-23
%
%
%
%
%
Condo Apartment
Units Listed 295
Units Sold 118
Sell/List Ratio 40
Sales Dollars $58,199,135
Average Price / Unit $493,213
Price Ratio 98
Days To Sell 45
Active Listings at Month End 485
%
%
246
111
45
$46,400,645
$418,024
98
48
388
%
%
20
6
25
18
-6
25
%
%
%
%
%
%
295
118
40
$58,199,135
$493,213
98
45
%
%
246
111
45
$46,400,645
$418,024
98
48
%
%
20
6
25
18
-6
%
%
%
%
%
1Victoria Real Estate Board Multiple Listing Service ®

22. Monthly Comparative Activity By Property Type
February 2, 2020
January 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Row/Townhouse
Units Listed 111
Units Sold 50
Sell/List Ratio 45
Sales Dollars $31,158,272
Average Price / Unit $623,165
Price Ratio 99
Days To Sell 64
Active Listings at Month End 179
%
%
100
37
37
$22,035,731
$595,560
98
47
177
%
%
11
35
41
5
37
1
%
%
%
%
%
%
111
50
45
$31,158,272
$623,165
99
64
%
%
100
37
37
$22,035,731
$595,560
98
47
%
%
11
35
41
5
37
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $321,000
Average Price / Unit $321,000
Price Ratio 94
Days To Sell 64
Active Listings at Month End 2
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
1
1
100
$321,000
$321,000
94
64
%
%
0
0
$0
%
%
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 4
Units Sold 1
Sell/List Ratio 25
Sales Dollars $785,000
Average Price / Unit $785,000
Price Ratio 100
Days To Sell 10
Active Listings at Month End 7
%
%
7
4
57
$2,569,400
$642,350
98
104
14
%
%
-43
-75
-69
22
-90
-50
%
%
%
%
%
%
4
1
25
$785,000
$785,000
100
10
%
%
7
4
57
$2,569,400
$642,350
98
104
%
%
-43
-75
-69
22
-90
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Sales Dollars $1,725,400
Average Price / Unit $575,133
Price Ratio 98
Days To Sell 53
Active Listings at Month End 1
%
%
1
0
0
$0
4
%
%
100
-75
%
%
%
%
%
%
2
3
150
$1,725,400
$575,133
98
53
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
2Victoria Real Estate Board Multiple Listing Service ®

23. Monthly Comparative Activity By Property Type
February 2, 2020
January 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Recreational
Units Listed 2
Units Sold 2
Sell/List Ratio 100
Sales Dollars $98,500
Average Price / Unit $49,250
Price Ratio 90
Days To Sell 251
Active Listings at Month End 12
%
%
1
0
0
$0
12
%
%
100
0
%
%
%
%
%
%
2
2
100
$98,500
$49,250
90
251
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Manufactured Home
Units Listed 18
Units Sold 12
Sell/List Ratio 67
Sales Dollars $2,068,300
Average Price / Unit $172,358
Price Ratio 95
Days To Sell 89
Active Listings at Month End 31
%
%
15
9
60
$2,013,288
$223,699
94
87
40
%
%
20
33
3
-23
2
-23
%
%
%
%
%
%
18
12
67
$2,068,300
$172,358
95
89
%
%
15
9
60
$2,013,288
$223,699
94
87
%
%
20
33
3
-23
2
%
%
%
%
%
Residential Lot
Units Listed 35
Units Sold 13
Sell/List Ratio 37
Sales Dollars $2,682,400
Average Price / Unit $206,338
Price Ratio 97
Days To Sell 278
Active Listings at Month End 144
%
%
47
10
21
$3,098,700
$309,870
95
120
178
%
%
-26
30
-13
-33
132
-19
%
%
%
%
%
%
35
13
37
$2,682,400
$206,338
97
278
%
%
47
10
21
$3,098,700
$309,870
95
120
%
%
-26
30
-13
-33
132
%
%
%
%
%
Residential Lot - Waterfront
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 23
%
%
1
0
0
$0
17
%
%
0
35
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
3Victoria Real Estate Board Multiple Listing Service ®

24. Monthly Comparative Activity By Property Type
February 2, 2020
January 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Residential Acreage
Units Listed 14
Units Sold 7
Sell/List Ratio 50
Sales Dollars $7,209,000
Average Price / Unit $1,029,857
Price Ratio 94
Days To Sell 109
Active Listings at Month End 72
%
%
15
3
20
$2,269,000
$756,333
95
219
74
%
%
-7
133
218
36
-50
-3
%
%
%
%
%
%
14
7
50
$7,209,000
$1,029,857
94
109
%
%
15
3
20
$2,269,000
$756,333
95
219
%
%
-7
133
218
36
-50
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $325,000
Average Price / Unit $325,000
Price Ratio 100
Days To Sell 15
Active Listings at Month End 25
%
%
3
0
0
$0
17
%
%
0
47
%
%
%
%
%
%
3
1
33
$325,000
$325,000
100
15
%
%
3
0
0
$0
%
%
0 %
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Sales Dollars $1,820,000
Average Price / Unit $910,000
Price Ratio 95
Days To Sell 132
Active Listings at Month End 3
%
%
2
0
0
$0
6
%
%
-50
-50
%
%
%
%
%
%
1
2
200
$1,820,000
$910,000
95
132
%
%
2
0
0
$0
%
%
-50 %
%
%
%
%
Revenue - Multi Unit
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 6
%
%
0
0
$0
7
%
%
-14
%
%
%
%
%
%
1
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
4Victoria Real Estate Board Multiple Listing Service ®

25. Monthly Comparative Activity By Property Type
February 2, 2020
January 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Revenue - Apartment Block
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $5,600,000
Average Price / Unit $5,600,000
Price Ratio 95
Days To Sell 114
Active Listings at Month End 3
%
%
1
0
0
$0
3
%
%
0
0
%
%
%
%
%
%
1
1
100
$5,600,000
$5,600,000
95
114
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Revenue - Commercial
Units Listed 5
Units Sold 1
Sell/List Ratio 20
Sales Dollars $239,900
Average Price / Unit $239,900
Price Ratio 100
Days To Sell 18
Active Listings at Month End 41
%
%
4
2
50
$535,000
$267,500
95
88
24
%
%
25
-50
-55
-10
-80
71
%
%
%
%
%
%
5
1
20
$239,900
$239,900
100
18
%
%
4
2
50
$535,000
$267,500
95
88
%
%
25
-50
-55
-10
-80
%
%
%
%
%
Revenue - 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
1
%
%
0
%
%
%
%
%
%
1
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Business with Land & Building
Units Listed 8
Units Sold 4
Sell/List Ratio 50
Sales Dollars $4,981,000
Average Price / Unit $1,245,250
Price Ratio 87
Days To Sell 306
Active Listings at Month End 23
%
%
5
2
40
$3,719,000
$1,859,500
95
28
28
%
%
60
100
34
-33
991
-18
%
%
%
%
%
%
8
4
50
$4,981,000
$1,245,250
87
306
%
%
5
2
40
$3,719,000
$1,859,500
95
28
%
%
60
100
34
-33
991
%
%
%
%
%
5Victoria Real Estate Board Multiple Listing Service ®

26. Monthly Comparative Activity By Property Type
February 2, 2020
January 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Business Only
Units Listed 13
Units Sold 3
Sell/List Ratio 23
Sales Dollars $156,000
Average Price / Unit $52,000
Price Ratio 77
Days To Sell 151
Active Listings at Month End 65
%
%
18
2
11
$89,000
$44,500
64
48
79
%
%
-28
50
75
17
217
-18
%
%
%
%
%
%
13
3
23
$156,000
$52,000
77
151
%
%
18
2
11
$89,000
$44,500
64
48
%
%
-28
50
75
17
217
%
%
%
%
%
Motel/Hotel
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 3
%
%
0
0
$0
1
%
%
200
%
%
%
%
%
%
1
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Office
Units Listed 6
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 26
%
%
5
0
0
$0
32
%
%
20
-19
%
%
%
%
%
%
6
0
0
$0
%
%
5
0
0
$0
%
%
20 %
%
%
%
%
Lease - Retail
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Sales Dollars $17
Average Price / Unit $17
Price Ratio
Days To Sell 91
Active Listings at Month End 25
%
%
2
1
50
$18
$18
92
18
%
%
200
0
-6
-6
-1
39
%
%
%
%
%
%
6
1
17
$17
$17
91
%
%
2
1
50
$18
$18
92
%
%
200
0
-6
-6
-1
%
%
%
%
%
6Victoria Real Estate Board Multiple Listing Service ®

27. Monthly Comparative Activity By Property Type
February 2, 2020
January 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 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Other
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 34
%
%
3
0
0
$0
28
%
%
167
21
%
%
%
%
%
%
8
0
0
$0
%
%
3
0
0
$0
%
%
167 %
%
%
%
%
Commercial Land
Units Listed 5
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 16
%
%
3
0
0
$0
17
%
%
67
-6
%
%
%
%
%
%
5
0
0
$0
%
%
3
0
0
$0
%
%
67 %
%
%
%
%
7Victoria Real Estate Board Multiple Listing Service ®

28. Monthly Comparative Activity By Property Type
February 2, 2020
January 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Units Listed 901
Units Sold 411
Sell/List Ratio 46
Sales Dollars $298,152,525
Average Price / Unit $725,432
Price Ratio 97
Days To Sell 74
Active Listings at Month End 1958
%
%
Grand Totals
897
329
37
$205,427,073
$624,398
97
63
2057
%
%
0
25
45
16
16
-5
%
%
%
%
%
%
901
411
46
$298,152,525
$725,432
97
74
%
%
897
329
37
$205,427,073
$624,398
97
63
%
%
0
25
45
16
16
%
%
%
%
%
8Victoria Real Estate Board Multiple Listing Service ®