Victoria Real Estate Board Statistics January 2021

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 1, 2021
Victoria real estate market sees strong start to 2021
A total of 646 properties sold in the Victoria Real Estate Board region this January, 57.2 per cent more
than the 411 properties sold in January 2020 and 2.4 per cent more than the previous month of
December. Sales of condominiums were up 83.1 per cent from January 2020 with 216 units sold.
Sales of single family homes were up 48.5 per cent from January 2020 with 297 sold.
“Our bustling market continues to be fueled by strong consumer demand to own a home in Greater
Victoria, driven in part by low interest rates and by the overall desirability of our larger community,”
said Victoria Real Estate Board President David Langlois. “This continuing demand, coupled with our
record low inventory, has resulted in competition for desirable properties. The competition for sparse
inventory has pushed both pricing and activity up and has created the very fast-paced market that
we’ve been experiencing for the past several months.”
There were 1,321 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of January 2021, 32.5 per cent fewer properties than the total available at the end of January
2020 but a 3.3 per cent increase from the 1,279 active listings for sale at the end of December 2020.
“The luxury home market continues to significantly outpace previous years,” adds Langlois. “For
example, in January 2020, four homes over two million dollars sold. This January, twenty-five sold. We
also see a continued strengthening in the condominium market across all price points. Right now,
navigating both the buying and selling process is challenging. With many moving pieces and in such a
fast-paced market it’s important to leverage the experience and expertise of your trusted local
REALTOR®.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in January 2020 was $860,700. The benchmark value for the same home in January
2021 increased by 8.3 per cent to $932,000, a 1.8 per cent increase from the previous month of
December. The MLS® HPI benchmark value for a condominium in the Victoria Core in January 2020
was $523,400, while the benchmark for the same condominium in January 2021 remained close to
last year’s value at $518,800, a 0.9 per cent decrease.
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 1,411 local Realtors. If you are thinking
about buying or selling a home, connect with your local Realtor for detailed information on the Victoria
and area housing market.
PRESIDENT
David Langlois
PRESIDENT ELECT
Karen Dinnie-Smyth
TREASURER
Patrick Novotny
PAST PRESIDENT
Sandi-Jo Ayers
DIRECTORS
Sheila Aujla
Robert Cole
Laurie Lidstone
Jackie Ngai
Graden Sol
EXECUTIVE OFFICER
David Corey

Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$
Average$
LY%
LM% LY%
LM% LY%
LM% Units Median$
Average$ Units Median$
Average$
January 2021
283
216
65
9
587
297
646
14
1,321
296
195
57
9
575
314
631
18
1,279
179
118
50
12
380
200
411
21
1,958
$1,220,626
$490,511
$647,345
$330,500
$1,204,817
$885,249
$975,000
$440,000
$610,000
$221,000
$970,000
$693,255
$992,202
$485,312
$681,616
$253,378
$970,597
$615,313
$901,000
$435,000
$625,000
$227,500
$899,000
$537,448
$953,190
$493,213
$623,165
$172,358
$927,668
$710,119
$825,000
$430,500
$568,900
$142,500
$805,450
$618,000
-4.4%
10.8%
14.0%
0.0%
2.1%
-5.4%
2.4%
-22.2%
3.3%
58.1%
83.1%
30.0%
-25.0%
54.5%
48.5%
57.2%
-33.3%
-32.5%
23.0%
1.1%
-5.0%
30.4%
24.1%
43.9%
28.1%
-0.5%
3.9%
91.8%
29.9%
24.7%
8.2%
1.1%
-2.4%
-2.9%
7.9%
29.0%
18.2%
2.2%
7.2%
55.1%
20.4%
12.2%
December 2020 January 2020
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Total Residential: includes sales of residential property types
Total Sales: includes sales of all property types
Active Listings: total listings of all types on the market at midnight on the last day of the month
This Month Last Month
Produced: 01-Feb-2021
January 2021
Previous Periods Comparison
This Month Last Year
Page 1 of 1
Victoria Real Estate Board Multiple Listing Service ®
January 2021
Statistics Package for Media
Victoria Real Estate Board January 2021 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values

The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Feb-2021
Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of
the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and demand
respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is
downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.
- below 10%, there is downward pressure on prices (buyers' market)
- above 25%, there is upward pressure on prices (sellers' market)
- in the 15-20% range, there is little pressure on prices either way (balanced market)
Total new MLS® listings and total MLS® sales for entire district

The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over 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
12 Months Ago
% Difference from 12 Months Ago (January 2020 to January 2021)
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
10.8%
11.4%
15.5%
20.0%
8.3%
7.3%

MLS® HPI benchmark and value - Condominium / Apartments
12 Months Ago
% Difference from 12 Months Ago (January 2020 to January 2021)
Select Timeframe:
1. Area Group
VREB Area Summary
All
2. Property Type
Condo Apartment (Con)
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
-0.4%
-0.9%
2.7%
0.0%

January 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
$997,500
$993,600
$969,500
$968,100 $941,700
$941,700
$934,700
$927,900
$925,100
$906,900
$905,800
$892,500
$885,100
$884,600
$880,600
$874,900
$873,100
$871,100
$870,300
$868,000
$865,800
$865,200
$857,200
$848,700
$847,200
$840,800
$839,800
$833,900
$828,400
$826,800
$826,600
$825,600 $822,100
$811,100 $807,800
$804,600
$803,000
$796,600
$795,200
$788,600
$779,300
$778,800
$778,100
$768,400 $763,400
$758,000
$755,600
$753,700
$752,800 $749,400 $745,700
$741,500
$737,400
$737,100
$736,500
$734,000
$732,300
$728,700
$725,900
$725,300
$721,500
$716,300
$716,100
$710,800
$710,400
$706,400
$703,900
$699,400
$698,300
$698,200 $689,300
$682,600
$672,300
$664,300
$661,000
$656,700
$652,300
$646,700
$641,200
$640,800 $640,500
$638,400
$636,300
$635,100
$630,200
$626,600
$618,100 $617,300
$608,900
$608,800
$607,400 $597,600
$553,400
$553,400
$552,000
$550,900
$548,600
$545,900
$536,000
$534,300
$531,900
$531,400
$524,100
$519,200
$511,200
$490,000
$489,900
$487,300
$482,700
$463,400
$460,100
$455,400
$450,600
$446,500
$437,700
$428,600
$394,500
$370,800
$361,700
$357,100
$357,000
$349,200
$344,500
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,262,300 $1,257,900 $1,233,600
$1,233,600
$1,188,900 $1,185,600
$1,077,000 $1,066,700
$1,022,800
$1,022,300
$1,020,500
$1,010,700
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
All
2. Property Type

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
274.2 264.9 263.7 262.4
251.9
250.6
250.0
245.9
245.0
244.9
244.3
244.0
243.1
242.6
241.8 241.7
241.6
240.2
238.7
238.7
236.6
236.4
235.9
235.5
235.5
235.4
235.2
235.2
234.7
234.5
234.1
233.5
232.0
231.0
231.0
230.7
229.5
229.4
229.2
229.1
228.7
228.1
227.9
227.9
226.7
225.6
225.5
224.9
224.9
224.6
224.6
224.5
224.1
223.8
223.5
223.5
223.2
223.0
222.7
221.6
221.5
221.3
221.0
221.0
220.9
219.3
218.9
218.9
218.6
217.6
217.1
217.0
216.9
215.7
215.4 214.8
214.3
212.6
212.3
211.6
211.1
209.7
208.8
207.4
206.8
205.6
203.9
203.3
202.1
202.1
201.2
199.9
198.6
197.7
195.1
193.9
191.8
190.6
188.9
188.2
186.1
185.6
184.9
183.9
183.3 182.3 175.4
164.2
161.9
161.3
158.5
157.4
155.3
155.0
153.2
152.9
152.4
152.3
151.8
146.3
145.1
145.1
143.3
138.4
136.5
118.2 100.0
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
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

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
$833,300 $810,600
$810,600 $808,900
$808,600 $768,600
$633,600 $622,700
$611,900 $607,300 $595,900
$561,700
$538,200
$530,800 $527,500
$516,500
$511,700
$511,000
$509,000
$509,000 $505,900 $504,500
$499,300
$497,600
$488,200
$488,000
$485,800
$482,700
$475,700
$473,600
$473,400
$469,800
$467,100
$466,100
$464,900
$464,700
$464,000
$459,900
$459,400
$459,300
$456,800
$456,700 $454,800 $453,600
$447,600
$442,800
$437,800
$437,400
$435,800
$434,800
$434,300
$432,600
$430,600 $426,900
$426,800 $425,800
$424,900
$424,700
$422,100
$421,700
$421,000
$412,300 $408,800
$398,800
$389,900
$386,900
$385,500 $384,800 $383,700 $376,500
$366,200
$365,800
$345,100
$344,200
$338,800
$336,800
$319,000
$317,900
$303,500
$295,500
$274,200
$273,400
$266,300
$265,200
$264,700
$253,000
$210,400
$205,300
$203,900
$202,500
$191,500
$176,600
$171,400
$169,700
$161,300
$155,700
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

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
273.9
271.2
271.1
269.3
269.2 268.1 267.4
267.0 264.7 261.7
259.8
256.1
255.8
255.4
254.8
253.3
252.3 250.7
250.6
250.4
249.6
249.0 248.4
248.1
247.8
247.6
247.4
247.1
246.8
246.4
246.1
246.0
245.6
245.3
243.4
243.2
242.3
241.9
241.8
241.8
241.1
240.6
240.0
239.9
239.9
239.3
239.3 238.8
238.8
238.7
238.4
235.5
233.8
233.5
231.7
231.5
231.2
230.7
229.8
229.6
227.5
226.9
225.3
222.5
221.6
218.3
218.0
214.7
213.4
210.7
207.4
197.3
175.6
165.8
164.1
163.6
160.0
156.3
155.9
155.4
154.3
150.8
149.9
133.1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

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
$747,000
$739,800
$737,600 $731,700
$729,800
$728,300
$728,200
$723,500
$709,200
$704,600
$701,400
$698,200 $689,300
$687,300 $685,600
$677,000 $676,200
$669,800
$661,500
$653,900
$651,200
$642,100
$638,400
$638,400
$638,100
$636,700
$636,500
$635,100
$632,200
$632,000
$631,800
$630,000
$627,900
$627,000
$625,100
$620,700
$617,100
$612,200
$607,600
$599,900
$599,800
$599,700
$599,300
$598,500
$597,200
$595,600
$594,200
$590,300
$588,700
$587,300
$585,700
$581,800
$579,800
$576,000
$575,000
$573,600
$568,500
$564,400
$563,600
$561,500
$556,100
$555,900
$554,000
$552,900
$551,000
$542,100
$534,600
$524,400
$522,500 $516,500
$515,400
$507,500
$506,800
$501,600
$500,600 $498,200
$493,300
$491,500
$490,900
$481,600
$476,800
$472,300
$472,100
$468,300 $454,800
$441,000
$428,900
$417,900
$417,500
$414,900
$410,300
$404,200
$373,300
$373,000
$348,900
$336,400
$335,800
$334,600
$322,600
$319,300
$287,700
$278,300
$269,500
$266,600
$266,100
$261,800
$256,100
$250,100
$247,600
$245,700
$241,900
$234,700
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type
Townhouse (Twn)

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
301.7
297.9 295.5 277.6 276.9
273.7
271.9
270.7 270.4
263.9
263.9
260.4 254.5
253.1
252.8
251.5
250.8
250.2
248.6
246.0
244.9
244.4
242.7
242.2
239.6
238.8
236.8
235.7
235.0
232.7
229.9
229.7
229.3
228.5
226.2
225.7
225.6
225.5
225.0
224.8
224.6
224.5
223.5
221.7
220.6
219.8
219.7
219.6
219.6
217.5
217.4
215.9
215.7
214.0
213.5
213.4
208.9
208.5
207.6
206.7
205.6
202.5
200.9
200.0
199.6
199.1
198.2
197.3
195.9
193.6
191.9
191.7
191.2 190.3
190.3 188.9
188.3
186.2
185.5
182.9
180.4
179.3
177.6
177.4
173.2
165.9
158.9
155.1
153.9
153.3
152.9
151.9
150.0
138.8
131.1
128.5
124.7
120.8
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type
Townhouse (Twn)

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
Multiple values
2. Property Type
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels

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
1. Area Group
VREB Area Summary
All
2. Property Type
HPI
Benchmark Price
Adding labels

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 ($)
300,000
400,000
500,000
600,000
700,000
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
Townhouse (Twn)
HPI
Benchmark Price
Adding labels

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
Jan 2021
Benchmark Price ($)
200,000
300,000
400,000
500,000
600,000
700,000
800,000
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
Multiple values
HPI
Benchmark Price
Adding labels

Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
January 2021
District
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 28 $36,527,068
Oak Bay 25 $50,811,400
Esquimalt 6 $5,043,000
View Royal 5 $12,168,000
Saanich East 42 $54,903,425
Saanich West 20 $24,392,890
Central Saanich 10 $16,785,100
North Saanich 10 $20,379,900
Sidney 13 $13,431,900
Colwood 14 $12,872,798
Langford 54 $49,201,976
Metchosin 3 $3,021,500
Sooke 34 $24,899,162
Gulf Islands 19 $20,999,000
Total Greater Victoria 283 $345,437,119
Other Areas
Malahat & Area 14 $12,393,490
Total Other Areas 14 $12,393,490
Total Single Family Detached 297 $357,830,609
Condo Apartment
l
Greater Victoria
Oak Bay 5 $3,590,000
View Royal 7 $3,978,740
North Saanich 1 $660,000
Sidney 15 $8,893,150
Colwood 1 $570,000
Langford 25 $10,342,685
Sooke 2 $739,000
Total Condo Apartment 216 $105,950,476
Page 1 of 3

Units Total Volume
January 2021
District
Row/Townhouse
l
Greater Victoria
Oak Bay 2 $1,650,000
Esquimalt 1 $579,900
View Royal 2 $1,264,900
Sidney 3 $2,096,000
Colwood 2 $1,250,200
Langford 14 $8,403,000
Sooke 8 $3,891,800
Gulf Islands 2 $991,900
Total Row/Townhouse 65 $42,077,451
Manufactured Home
l
Greater Victoria
View Royal 1 $221,000
Central Saanich 2 $578,000
Langford 2 $366,500
Sooke 2 $433,000
Other Areas
Malahat & Area 1 $176,000
Total Other Areas 1 $176,000
Total Manufactured Home 9 $2,974,500
Total Residential 587 $508,833,036
Page 2 of 3

Units Total Volume
January 2021
District
$537,660,950
646
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Oak Bay 1 $975,000
Langford 2 $842,900
Sooke 25 $10,126,795
Other Areas
Malahat & Area 6 $2,122,380
Total Lots & Acreage 52 $22,189,575
7 $6,638,339
Other Commercial Properties
l
Page 3 of 3

Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
January 2021
District
Residential
Single Family Detached
l
Greater Victoria
Victoria 26 $33,777,068
Victoria West 1 $1,450,000
Oak Bay 24 $47,967,900
View Royal 5 $12,168,000
Sidney 13 $13,431,900
Colwood 14 $12,872,798
Langford 52 $47,047,976
Metchosin 2 $2,116,500
Sooke 31 $21,776,767
Waterfront (all districts) 18 $41,566,795
Other Areas
Malahat & Area 12 $9,788,490
Total Single Family Detached 297 $357,830,609
Condo Apartment
l
Greater Victoria
Victoria 97 $47,539,501
Oak Bay 5 $3,590,000
View Royal 7 $3,978,740
North Saanich 1 $660,000
Sidney 12 $7,175,800
Langford 25 $10,342,685
Sooke 2 $739,000
Total Condo Apartment 216 $105,950,476
Page 1 of 3

Units Total Volume
January 2021
District
Row/Townhouse
l
Greater Victoria
Victoria 8 $5,644,000
Oak Bay 2 $1,650,000
Esquimalt 1 $579,900
View Royal 2 $1,264,900
Sidney 2 $1,081,000
Colwood 2 $1,250,200
Langford 14 $8,403,000
Sooke 7 $3,526,800
Gulf Islands 1 $446,900
Total Row/Townhouse 65 $42,077,451
Manufactured Home
l
Greater Victoria
Central Saanich 2 $578,000
Langford 2 $366,500
Sooke 2 $433,000
Other Areas
Malahat & Area 1 $176,000
Total Other Areas 1 $176,000
Total Manufactured Home 9 $2,974,500
Total Residential 587 $508,833,036
Page 2 of 3

Units Total Volume
January 2021
District
$537,660,950
646
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Oak Bay 1 $975,000
Langford 2 $842,900
Sooke 25 $10,126,795
Other Areas
Malahat & Area 6 $2,122,380
Total Lots & Acreage 52 $22,189,575
7 $6,638,339
Other Commercial Properties
l
Page 3 of 3

Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
January 2021
10%
20%
30%
40%
50%
60%
70%
80%
90%
Jan
2019
Feb
2019
Mar
2019
Apr
2019
May
2019
Jun
2019
Jul
2019
Aug
2019
Sep
2019
Oct
2019
Nov
2019
Dec
2019
Jan
2020
Feb
2020
Mar
2020
Apr
2020
May
2020
Jun
2020
Jul
2020
Aug
2020
Sep
2020
Oct
2020
Nov
2020
Dec
2020
Jan
2021
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board Multiple Listing Service ® Page 1 of 1

Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Single Family - Residential
Units Listed 280
Units Sold 234
Sell/List Ratio 84
Sales Dollars $260,992,382
Average Price / Unit $1,115,352
Price Ratio 101
Days To Sell 34
Active Listings at Month End 239
%
%
304
160
53
$142,617,601
$891,360
98
62
520
%
%
-8
46
83
25
-44
-54
%
%
%
%
%
%
280
234
84
$260,992,382
$1,115,352
101
34
%
%
304
160
53
$142,617,601
$891,360
98
62
%
%
-8
46
83
25
-44
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 23
Units Sold 18
Sell/List Ratio 78
Price Ratio 95
Days To Sell 146
%
%
28
12
43
$18,450,500
$1,537,542
91
163
121
%
%
-18
50
129
52
-11
-63
%
%
%
%
%
%
23
18
78
$42,189,400
$2,343,856
95
146
%
%
28
12
43
$18,450,500
$1,537,542
91
163
%
%
-18
50
129
52
-11
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 34
Units Sold 25
Sell/List Ratio 74
Price Ratio 96
Days To Sell 111
%
%
27
19
70
$19,715,500
$1,037,658
94
87
90
%
%
26
32
109
59
27
-39
%
%
%
%
%
%
34
25
74
$41,204,300
$1,648,172
96
111
%
%
27
19
70
$19,715,500
$1,037,658
94
87
%
%
26
32
109
59
27
%
%
%
%
%
Condo Apartment
Units Listed 323
Units Sold 216
Sell/List Ratio 67
Average Price / Unit $490,511
Price Ratio 99
Days To Sell 47
%
%
295
118
40
$58,199,135
$493,213
98
45
485
%
%
9
83
82
-1
4
-15
%
%
%
%
%
%
323
216
67
$105,950,476
$490,511
99
47
%
%
295
118
40
$58,199,135
$493,213
98
45
%
%
9
83
82
-1
4
%
%
%
%
%
Page 1 of 8

January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Row/Townhouse
Units Listed 119
Units Sold 65
Sell/List Ratio 55
Price Ratio 101
Days To Sell 31
%
%
111
50
45
$31,158,272
$623,165
99
64
179
%
%
7
30
35
4
-51
-39
%
%
%
%
%
%
119
65
55
$42,077,451
$647,345
101
31
%
%
111
50
45
$31,158,272
$623,165
99
64
%
%
7
30
35
4
-51
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Price Ratio 94
Days To Sell 38
%
%
1
1
100
$321,000
$321,000
94
64
2
%
%
0
0
305
305
-41
0
%
%
%
%
%
%
1
1
100
$1,300,000
$1,300,000
94
38
%
%
1
1
100
$321,000
$321,000
94
64
%
%
0
0
305
305
-41
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 22
Units Sold 16
Sell/List Ratio 73
Price Ratio 102
Days To Sell 49
%
%
4
1
25
$785,000
$785,000
100
10
7
%
%
450
1500
1211
-18
389
271
%
%
%
%
%
%
22
16
73
$10,293,627
$643,352
102
49
%
%
4
1
25
$785,000
$785,000
100
10
%
%
450
1500
1211
-18
389
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 2
Units Sold 2
Sell/List Ratio 100
Price Ratio 99
Days To Sell 29
%
%
2
3
150
$1,725,400
$575,133
98
53
1
%
%
0
-33
-10
35
-46
300
%
%
%
%
%
%
2
2
100
$1,551,900
$775,950
99
29
%
%
2
3
150
$1,725,400
$575,133
98
53
%
%
0
-33
-10
35
-46
%
%
%
%
%
Page 2 of 8

January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Recreational
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Sales Dollars $299,000
Price Ratio 100
Days To Sell 2311
%
%
2
2
100
$98,500
$49,250
90
251
12
%
%
0
-50
204
507
821
-17
%
%
%
%
%
%
2
1
50
$299,000
$299,000
100
2311
%
%
2
2
100
$98,500
$49,250
90
251
%
%
0
-50
204
507
821
%
%
%
%
%
Manufactured Home
Units Listed 14
Units Sold 9
Sell/List Ratio 64
Price Ratio 97
Days To Sell 55
%
%
18
12
67
$2,068,300
$172,358
95
89
31
%
%
-22
-25
44
92
-38
-16
%
%
%
%
%
%
14
9
64
$2,974,500
$330,500
97
55
%
%
18
12
67
$2,068,300
$172,358
95
89
%
%
-22
-25
44
92
-38
%
%
%
%
%
Residential Lots
Units Listed 22
Units Sold 28
Sell/List Ratio 127
Price Ratio 95
Days To Sell 123
%
%
35
13
37
$2,682,400
$206,338
97
278
144
%
%
-37
115
293
83
-56
-55
%
%
%
%
%
%
22
28
127
$10,552,800
$376,886
95
123
%
%
35
13
37
$2,682,400
$206,338
97
278
%
%
-37
115
293
83
-56
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 5
Units Sold 8
Sell/List Ratio 160
Price Ratio 100
Days To Sell 199
%
%
1
0
0
$0
23
%
%
400
-52
%
%
%
%
%
%
5
8
160
$3,438,895
$429,862
100
199
%
%
1
0
0
$0
%
%
400 %
%
%
%
%
Page 3 of 8

January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Residential Acreage
Units Listed 12
Units Sold 12
Sell/List Ratio 100
Price Ratio 97
Days To Sell 127
%
%
14
7
50
$7,209,000
$1,029,857
94
109
72
%
%
-14
71
-23
-55
17
-47
%
%
%
%
%
%
12
12
100
$5,586,880
$465,573
97
127
%
%
14
7
50
$7,209,000
$1,029,857
94
109
%
%
-14
71
-23
-55
17
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 2
Units Sold 4
Sell/List Ratio 200
Price Ratio 96
Days To Sell 234
%
%
3
1
33
$325,000
$325,000
100
15
25
%
%
-33
300
703
101
1462
-32
%
%
%
%
%
%
2
4
200
$2,611,000
$652,750
96
234
%
%
3
1
33
$325,000
$325,000
100
15
%
%
-33
300
703
101
1462
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
%
%
1
2
200
$1,820,000
$910,000
95
132
3
%
%
200
-100
-100
167
%
%
%
%
%
%
3
0
0
$0
%
%
1
2
200
$1,820,000
$910,000
95
132
%
%
200
-100
-100
%
%
%
%
%
Revenue - Multi Units
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Price Ratio 98
Days To Sell 217
%
%
1
0
0
$0
6
%
%
500
233
%
%
%
%
%
%
6
1
17
$1,850,000
$1,850,000
98
217
%
%
1
0
0
$0
%
%
500 %
%
%
%
%
Page 4 of 8

January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Revenue - Apartment Block
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
1
100
$5,600,000
$5,600,000
95
114
3
%
%
-100
-100
-100
-100
%
%
%
%
%
%
0
0
$0
%
%
1
1
100
$5,600,000
$5,600,000
95
114
%
%
-100
-100
-100
%
%
%
%
%
Revenue - Commercial
Units Listed 4
Units Sold 0
Sell/List Ratio
Price Ratio 97
Days To Sell 25
%
%
5
1
20
$239,900
$239,900
100
18
41
%
%
-20
-100
755
39
-10
%
%
%
%
%
%
4
0
0
$2,050,000
97
25
%
%
5
1
20
$239,900
$239,900
100
18
%
%
-20
-100
755
39
%
%
%
%
%
Revenue - Industrial
Units Listed 3
Units Sold 3
Sell/List Ratio 100
Price Ratio 100
Days To Sell 22
%
%
1
0
0
$0
1
%
%
200
500
%
%
%
%
%
%
3
3
100
$2,661,650
$887,217
100
22
%
%
1
0
0
$0
%
%
200 %
%
%
%
%
Business with Land & Building
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
8
4
50
$4,981,000
$1,245,250
87
306
23
%
%
-100
-100
-100
-83
%
%
%
%
%
%
0
0
$0
%
%
8
4
50
$4,981,000
$1,245,250
87
306
%
%
-100
-100
-100
%
%
%
%
%
Page 5 of 8

January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Business Only
Units Listed 11
Units Sold 1
Sell/List Ratio 9
Price Ratio 85
Days To Sell 61
%
%
13
3
23
$156,000
$52,000
77
151
65
%
%
-15
-67
-57
30
-60
-42
%
%
%
%
%
%
11
1
9
$67,500
$67,500
85
61
%
%
13
3
23
$156,000
$52,000
77
151
%
%
-15
-67
-57
30
-60
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
0
0
$0
3
%
%
-100
-100
%
%
%
%
%
%
0
0
$0
%
%
1
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Office
Units Listed 12
Units Sold 1
Sell/List Ratio 8
Sales Dollars $939
Average Price / Unit $939
Price Ratio 99
Days To Sell 87
%
%
6
0
0
$0
26
%
%
100
212
%
%
%
%
%
%
12
1
8
$939
$939
99
87
%
%
6
0
0
$0
%
%
100 %
%
%
%
%
Lease - Retail
Units Listed 9
Units Sold 1
Sell/List Ratio 11
Price Ratio 92
Days To Sell 37
%
%
6
1
17
$17
$17
91
25
%
%
50
0
49900
49900
-59
80
%
%
%
%
%
%
9
1
11
$8,250
$8,250
92
37
%
%
6
1
17
$17
$17
91
%
%
50
0
49900
49900
-59
%
%
%
%
%
Page 6 of 8

January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Industrial
Units Listed 1
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
1
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Other
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
8
0
0
$0
34
%
%
-100
-88
%
%
%
%
%
%
0
0
$0
%
%
8
0
0
$0
%
%
-100 %
%
%
%
%
Commercial Land
Units Listed 1
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
5
0
0
$0
16
%
%
-80
-19
%
%
%
%
%
%
1
0
0
$0
%
%
5
0
0
$0
%
%
-80 %
%
%
%
%
Page 7 of 8

January 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Units Listed 911
Units Sold 646
Sell/List Ratio 71
Price Ratio 99
Days To Sell 58
%
%
Grand Totals
901
411
46
$298,152,525
$725,432
97
74
1958
%
%
1
57
80
15
-22
-33
%
%
%
%
%
%
911
646
71
$537,660,950
$832,292
99
58
%
%
901
411
46
$298,152,525
$725,432
97
74
%
%
1
57
80
15
-22
%
%
%
%
%
Page 8 of 8

Victoria Real Estate Board Statistics January 2021

Recommended

Recommended

More Related Content

What's hot

What's hot (16)

Similar to Victoria Real Estate Board Statistics January 2021

Similar to Victoria Real Estate Board Statistics January 2021 (20)

More from Vicky Aulakh

More from Vicky Aulakh (20)

Recently uploaded

Recently uploaded (20)

Victoria Real Estate Board Statistics January 2021