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.
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 August 2021 StatisticsVicky Aulakh
Sales of single-family homes in the Victoria region were down 29.9% in August 2021 compared to August 2020, while condominium sales increased 31.7%. Total active property listings were down 56.7% from the previous year due to a long-term lack of housing supply. The benchmark price of a single-family home increased 22.4% year-over-year to $1,089,400, and the benchmark price of a condominium rose 11.8% to $540,600, indicating continued upward pressure on home prices from low inventory levels.
Victoria Real Estate Board Statistics 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.
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.
December 2021 Victoria Real Estate Board Statistics Package VickyAulakh1
The Victoria real estate market saw a decrease in property sales in December 2021 compared to the previous year. A total of 438 properties sold in December 2021, down 30.6% from December 2020. For the full year 2021, 10,052 properties sold, an increase of 18.3% from 2020 but close to the 2016 record year. Housing supply remained extremely low with only 652 active listings at the end of December 2021, a 49% decrease from the previous year. Benchmark home prices in Victoria increased substantially over the past year, with single family homes up 25.1% and condominiums up 17.1% compared to December 2020. The president of the Victoria Real Estate Board noted that high demand paired with
Victoria Real Estate Board July 2021 StatisticsVicky Aulakh
Housing inventory in the Victoria region continued to decline in July 2021. Total property sales were down 14.7% from July 2020 levels, with fewer single family homes and condominiums sold. Active housing listings also declined significantly, down 52.1% year-over-year. Meanwhile, home prices rose substantially over the past year, with benchmark single family home values up 18.9% and condo values up 8.1% compared to July 2020. The president of the Victoria Real Estate Board attributed the lower sales to low housing inventory driving the tight market conditions.
Victoria Real Estate Board 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.
The housing market in Metro Vancouver showed resilience in 2020, with home sales reaching 30,944, close to the long-term annual average despite the pandemic. While sales slowed initially due to COVID-19, demand and listings recovered over the summer and winter seasons. The benchmark price of all residential properties in Metro Vancouver ended 2020 at $1,047,400, a 5.4% increase over the previous year. Looking ahead, continued adequate supply of homes for sale will influence future price trends.
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 August 2021 StatisticsVicky Aulakh
Sales of single-family homes in the Victoria region were down 29.9% in August 2021 compared to August 2020, while condominium sales increased 31.7%. Total active property listings were down 56.7% from the previous year due to a long-term lack of housing supply. The benchmark price of a single-family home increased 22.4% year-over-year to $1,089,400, and the benchmark price of a condominium rose 11.8% to $540,600, indicating continued upward pressure on home prices from low inventory levels.
Victoria Real Estate Board Statistics 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.
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.
December 2021 Victoria Real Estate Board Statistics Package VickyAulakh1
The Victoria real estate market saw a decrease in property sales in December 2021 compared to the previous year. A total of 438 properties sold in December 2021, down 30.6% from December 2020. For the full year 2021, 10,052 properties sold, an increase of 18.3% from 2020 but close to the 2016 record year. Housing supply remained extremely low with only 652 active listings at the end of December 2021, a 49% decrease from the previous year. Benchmark home prices in Victoria increased substantially over the past year, with single family homes up 25.1% and condominiums up 17.1% compared to December 2020. The president of the Victoria Real Estate Board noted that high demand paired with
Victoria Real Estate Board July 2021 StatisticsVicky Aulakh
Housing inventory in the Victoria region continued to decline in July 2021. Total property sales were down 14.7% from July 2020 levels, with fewer single family homes and condominiums sold. Active housing listings also declined significantly, down 52.1% year-over-year. Meanwhile, home prices rose substantially over the past year, with benchmark single family home values up 18.9% and condo values up 8.1% compared to July 2020. The president of the Victoria Real Estate Board attributed the lower sales to low housing inventory driving the tight market conditions.
Victoria Real Estate Board 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.
The housing market in Metro Vancouver showed resilience in 2020, with home sales reaching 30,944, close to the long-term annual average despite the pandemic. While sales slowed initially due to COVID-19, demand and listings recovered over the summer and winter seasons. The benchmark price of all residential properties in Metro Vancouver ended 2020 at $1,047,400, a 5.4% increase over the previous year. Looking ahead, continued adequate supply of homes for sale will influence future price trends.
December 2020 Victoria Real Estate Board StatisticsVicky Aulakh
The Victoria real estate market saw record sales in 2020, with a total of 8,497 properties sold, up 17.1% from 2019. While sales increased, inventory decreased significantly, with only 1,279 active listings at the end of December 2020, down 29.5% from the previous month and 34.5% from the previous year. This represents the lowest inventory levels in at least 25 years, putting upward pressure on home prices. The benchmark price of a single-family home in Victoria increased 6.8% year-over-year to $915,100 in December 2020.
Real Estate Board of Greater Vancouver Statistics Package February 2022Vicky Aulakh
- Housing sales in Metro Vancouver decreased 8.1% in February 2022 compared to February 2021, while listings increased 8.4%.
- Despite higher listings, the region's housing market remains undersupplied, pushing home prices to new highs. The benchmark home price rose 20.7% year-over-year to $1,313,400 in February 2022.
- Sales of detached homes fell 18% year-over-year while apartment sales rose 5.4%. Benchmark prices for all property types increased over 20% compared to February 2021.
Victoria Real Estate Board 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.
Real Estate Board of Greater Vancouver Statistics Package October 2021VickyAulakh1
- Home sales in Metro Vancouver remained above historical averages in October 2021 while the overall supply of homes dipped to levels not seen in three years.
- There were 4,049 newly listed properties in October 2021, a 27.3% decrease compared to October 2020 and a 21.7% decrease compared to September 2021.
- The total homes currently listed is 8,034, a 35.3% decrease compared to October 2020, as declining supply and ongoing demand puts upward pressure on home prices across the region.
Home sales and listings in Metro Vancouver increased in June 2020 compared to June 2019 and May 2020. Total home sales in June 2020 were up 17.6% year-over-year and up 64.5% month-over-month. Total home listings were up 21.8% year-over-year and up 57.1% month-over-month. While sales and listings activity is increasing, it remains below 10-year averages for the month of June. The benchmark home price index for all residential properties was up 3.5% year-over-year but down 0.3% month-over-month.
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.
Home buyer competition is intensifying across Metro Vancouver's housing market, putting upward pressure on home prices. Residential home sales in February 2021 increased 73.3% from February 2020 and 56% from January 2021. The supply of homes listed for sale is not keeping up with demand, resulting in multiple offer situations and price increases, particularly for townhomes. The benchmark price for all residential properties in Metro Vancouver is now $1,084,000, up 6.8% from February 2020.
- Housing sales in Metro Vancouver decreased 29.1% in April 2019 compared to April 2018, with reduced demand and increased supply.
- The number of homes listed for sale increased 46.2% compared to April 2018, reaching the highest level since October 2014. This is driven more by reduced demand than increased supply.
- Benchmark home prices decreased across property types, with detached homes seeing an 11.1% price decrease compared to April 2018.
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.
Home sales and new listings in Metro Vancouver increased in August compared to the previous year. Total home sales were 3,047, up 36.6% from August 2019. New listings were 5,813, up 55.1% from the previous year. The benchmark home price index for all residential properties was $1,038,700, up 5.3% from August 2019. Sales remained strong for detached homes and apartments.
Metro Vancouver Statistics Report October 2021VickyAulakh1
This document provides real estate market statistics for Metro Vancouver over multiple time periods. It includes data on total active listings, sales, average days on market, and benchmark home prices for detached properties, townhomes, and condos. The statistics show year-over-year declines in active listings and increases in benchmark home prices across all property types from 2020 to 2021. Sales increased for townhomes but declined for detached properties and condos over the same period.
Real Estate Board of Greater Vancouver Statistics Package November 2020Vicky Aulakh
- Home sales in Metro Vancouver reached 3,064 in November 2020, a 22.7% increase from November 2019 and the highest total since 2015.
- Demand has been at near record levels since summer 2020, putting upward pressure on home prices, particularly for detached and townhomes.
- While demand remained high across the region, activity was particularly focused in more remote areas like the Sunshine Coast due to increased work-from-home arrangements during the pandemic.
Real Estate Board of Greater Vancouver Statistics Package July 2021Vicky Aulakh
- Housing sales in Metro Vancouver saw moderate trends in July compared to heightened activity during the pandemic. Home sales increased 6.3% year-over-year but decreased 11.6% month-over-month.
- New housing listings decreased 26.4% year-over-year and 25.2% month-over-month, indicating low housing supply remains an issue.
- Benchmark home prices remained virtually unchanged both month-over-month and year-over-year across most property types, suggesting price increases are moderating as supply remains tight.
- Home sales in Metro Vancouver increased 23.5% in July 2019 compared to July 2018, making it the second highest selling month of the year.
- The total number of homes listed was down 3.3% from July 2018.
- The benchmark home price for all residential properties in Metro Vancouver was $995,200, a 9.4% decrease from July 2018.
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.
Sales of residential properties in the Victoria real estate market surged in February 2021 compared to the previous year, with 863 properties sold, an increase of 53.3%. Sales of both single family homes and condominiums increased significantly by 43.9% and 65.7% respectively. However, active listings declined 38% to 1,318, exacerbating the pressure on supply in the tightly constrained market. The benchmark price of a single family home increased 9% year-over-year to $948,200 in February 2021, while the condominium benchmark price remained stable.
Victoria Real Estate Board March 2021 Statistics PackageVicky Aulakh
The Victoria Real Estate Board released statistics showing that the real estate market continues to surge in March 2021. A total of 1,173 properties sold in March, up 92.9% from March 2020. Sales of condominiums increased 111.8% and single family home sales rose 88.2% compared to the previous year. Limited housing supply coupled with high demand has defined the first quarter of 2021. The number of active listings declined 41.8% from March 2020 to 1,310 listings in March 2021. The president of the Victoria Real Estate Board stated that supply needs to be addressed by all levels of government to help balance the market. Benchmark home prices for single family homes increased 10.1% year-over-
Victoria Real Estate Board June 2021 StatisticsVicky Aulakh
The real estate market in Victoria continues to see low inventory and strong demand in June 2021. Sales of properties increased 16.6% from June 2020 while listings decreased 49% in the same period. Benchmark home prices rose significantly, with single family homes increasing 18.6% and condominiums rising 8.3% compared to June 2020. The president of the Victoria Real Estate Board commented that shrinking inventory is having a strong impact on rising year-over-year prices, and various factors will need to be monitored as the summer market unfolds.
Victoria Real Estate Board April 2021 StatisticsVicky Aulakh
Sales of residential properties in the Victoria Real Estate Board region continued at a near record pace in May 2021. A total of 1,049 properties sold, 129.5% more than in May 2020 but 6% fewer than in April 2021. Inventory levels remained very low with 1,450 active listings, a 43% decline from May 2020. The benchmark value of a single family home in Victoria increased 17% year-over-year to $1,036,100, while the benchmark value for a condominium rose 5.2% to $526,000. Demand for housing in Victoria remains strong while low inventory puts upward pressure on prices.
Sales of real estate properties in the Victoria region decreased in August 2022 compared to the previous year. A total of 478 properties sold in August 2022, which was 42.5% fewer than the number sold in August 2021. There was also a decrease in sales compared to July 2022. While inventory levels have been increasing slowly over the past few months after two years of high demand, the ratio of sales to active listings indicates the market is still favoring sellers at 28.14% compared to the balanced range of 15-20%. Home prices in the Victoria area continued to rise compared to the previous year but saw small decreases month-over-month.
Sales of single-family homes and condominiums in the Victoria real estate market decreased substantially in July 2022 compared to the previous year. There were 2,162 active property listings at the end of July, a 70% increase from July 2021. The president of the Victoria Real Estate Board said the slowdown in the market has created a calmer environment for buyers and sellers to make decisions. Home price indexes showed price increases from July 2021 to July 2022 but declines month-over-month, indicating fluctuations in the market due to higher interest rates and inflation.
December 2020 Victoria Real Estate Board StatisticsVicky Aulakh
The Victoria real estate market saw record sales in 2020, with a total of 8,497 properties sold, up 17.1% from 2019. While sales increased, inventory decreased significantly, with only 1,279 active listings at the end of December 2020, down 29.5% from the previous month and 34.5% from the previous year. This represents the lowest inventory levels in at least 25 years, putting upward pressure on home prices. The benchmark price of a single-family home in Victoria increased 6.8% year-over-year to $915,100 in December 2020.
Real Estate Board of Greater Vancouver Statistics Package February 2022Vicky Aulakh
- Housing sales in Metro Vancouver decreased 8.1% in February 2022 compared to February 2021, while listings increased 8.4%.
- Despite higher listings, the region's housing market remains undersupplied, pushing home prices to new highs. The benchmark home price rose 20.7% year-over-year to $1,313,400 in February 2022.
- Sales of detached homes fell 18% year-over-year while apartment sales rose 5.4%. Benchmark prices for all property types increased over 20% compared to February 2021.
Victoria Real Estate Board 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.
Real Estate Board of Greater Vancouver Statistics Package October 2021VickyAulakh1
- Home sales in Metro Vancouver remained above historical averages in October 2021 while the overall supply of homes dipped to levels not seen in three years.
- There were 4,049 newly listed properties in October 2021, a 27.3% decrease compared to October 2020 and a 21.7% decrease compared to September 2021.
- The total homes currently listed is 8,034, a 35.3% decrease compared to October 2020, as declining supply and ongoing demand puts upward pressure on home prices across the region.
Home sales and listings in Metro Vancouver increased in June 2020 compared to June 2019 and May 2020. Total home sales in June 2020 were up 17.6% year-over-year and up 64.5% month-over-month. Total home listings were up 21.8% year-over-year and up 57.1% month-over-month. While sales and listings activity is increasing, it remains below 10-year averages for the month of June. The benchmark home price index for all residential properties was up 3.5% year-over-year but down 0.3% month-over-month.
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.
Home buyer competition is intensifying across Metro Vancouver's housing market, putting upward pressure on home prices. Residential home sales in February 2021 increased 73.3% from February 2020 and 56% from January 2021. The supply of homes listed for sale is not keeping up with demand, resulting in multiple offer situations and price increases, particularly for townhomes. The benchmark price for all residential properties in Metro Vancouver is now $1,084,000, up 6.8% from February 2020.
- Housing sales in Metro Vancouver decreased 29.1% in April 2019 compared to April 2018, with reduced demand and increased supply.
- The number of homes listed for sale increased 46.2% compared to April 2018, reaching the highest level since October 2014. This is driven more by reduced demand than increased supply.
- Benchmark home prices decreased across property types, with detached homes seeing an 11.1% price decrease compared to April 2018.
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.
Home sales and new listings in Metro Vancouver increased in August compared to the previous year. Total home sales were 3,047, up 36.6% from August 2019. New listings were 5,813, up 55.1% from the previous year. The benchmark home price index for all residential properties was $1,038,700, up 5.3% from August 2019. Sales remained strong for detached homes and apartments.
Metro Vancouver Statistics Report October 2021VickyAulakh1
This document provides real estate market statistics for Metro Vancouver over multiple time periods. It includes data on total active listings, sales, average days on market, and benchmark home prices for detached properties, townhomes, and condos. The statistics show year-over-year declines in active listings and increases in benchmark home prices across all property types from 2020 to 2021. Sales increased for townhomes but declined for detached properties and condos over the same period.
Real Estate Board of Greater Vancouver Statistics Package November 2020Vicky Aulakh
- Home sales in Metro Vancouver reached 3,064 in November 2020, a 22.7% increase from November 2019 and the highest total since 2015.
- Demand has been at near record levels since summer 2020, putting upward pressure on home prices, particularly for detached and townhomes.
- While demand remained high across the region, activity was particularly focused in more remote areas like the Sunshine Coast due to increased work-from-home arrangements during the pandemic.
Real Estate Board of Greater Vancouver Statistics Package July 2021Vicky Aulakh
- Housing sales in Metro Vancouver saw moderate trends in July compared to heightened activity during the pandemic. Home sales increased 6.3% year-over-year but decreased 11.6% month-over-month.
- New housing listings decreased 26.4% year-over-year and 25.2% month-over-month, indicating low housing supply remains an issue.
- Benchmark home prices remained virtually unchanged both month-over-month and year-over-year across most property types, suggesting price increases are moderating as supply remains tight.
- Home sales in Metro Vancouver increased 23.5% in July 2019 compared to July 2018, making it the second highest selling month of the year.
- The total number of homes listed was down 3.3% from July 2018.
- The benchmark home price for all residential properties in Metro Vancouver was $995,200, a 9.4% decrease from July 2018.
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.
Sales of residential properties in the Victoria real estate market surged in February 2021 compared to the previous year, with 863 properties sold, an increase of 53.3%. Sales of both single family homes and condominiums increased significantly by 43.9% and 65.7% respectively. However, active listings declined 38% to 1,318, exacerbating the pressure on supply in the tightly constrained market. The benchmark price of a single family home increased 9% year-over-year to $948,200 in February 2021, while the condominium benchmark price remained stable.
Victoria Real Estate Board March 2021 Statistics PackageVicky Aulakh
The Victoria Real Estate Board released statistics showing that the real estate market continues to surge in March 2021. A total of 1,173 properties sold in March, up 92.9% from March 2020. Sales of condominiums increased 111.8% and single family home sales rose 88.2% compared to the previous year. Limited housing supply coupled with high demand has defined the first quarter of 2021. The number of active listings declined 41.8% from March 2020 to 1,310 listings in March 2021. The president of the Victoria Real Estate Board stated that supply needs to be addressed by all levels of government to help balance the market. Benchmark home prices for single family homes increased 10.1% year-over-
Victoria Real Estate Board June 2021 StatisticsVicky Aulakh
The real estate market in Victoria continues to see low inventory and strong demand in June 2021. Sales of properties increased 16.6% from June 2020 while listings decreased 49% in the same period. Benchmark home prices rose significantly, with single family homes increasing 18.6% and condominiums rising 8.3% compared to June 2020. The president of the Victoria Real Estate Board commented that shrinking inventory is having a strong impact on rising year-over-year prices, and various factors will need to be monitored as the summer market unfolds.
Victoria Real Estate Board April 2021 StatisticsVicky Aulakh
Sales of residential properties in the Victoria Real Estate Board region continued at a near record pace in May 2021. A total of 1,049 properties sold, 129.5% more than in May 2020 but 6% fewer than in April 2021. Inventory levels remained very low with 1,450 active listings, a 43% decline from May 2020. The benchmark value of a single family home in Victoria increased 17% year-over-year to $1,036,100, while the benchmark value for a condominium rose 5.2% to $526,000. Demand for housing in Victoria remains strong while low inventory puts upward pressure on prices.
Sales of real estate properties in the Victoria region decreased in August 2022 compared to the previous year. A total of 478 properties sold in August 2022, which was 42.5% fewer than the number sold in August 2021. There was also a decrease in sales compared to July 2022. While inventory levels have been increasing slowly over the past few months after two years of high demand, the ratio of sales to active listings indicates the market is still favoring sellers at 28.14% compared to the balanced range of 15-20%. Home prices in the Victoria area continued to rise compared to the previous year but saw small decreases month-over-month.
Sales of single-family homes and condominiums in the Victoria real estate market decreased substantially in July 2022 compared to the previous year. There were 2,162 active property listings at the end of July, a 70% increase from July 2021. The president of the Victoria Real Estate Board said the slowdown in the market has created a calmer environment for buyers and sellers to make decisions. Home price indexes showed price increases from July 2021 to July 2022 but declines month-over-month, indicating fluctuations in the market due to higher interest rates and inflation.
Sales of real estate in the Victoria area decreased in April 2022 compared to the previous year. A total of 824 properties sold in April 2022, which was 26.2% fewer than the 1,116 properties sold in April 2021. Both sales of single family homes and condominiums were down compared to the previous year. While inventory levels remained below historic averages, maintaining upward pressure on prices, the president of the Victoria Real Estate Board noted a softening of the market with lessening demand due to rising interest rates and inflation. The benchmark value of single family homes and condominiums in the Victoria area had still increased about 26-27% compared to the previous year.
The Victoria Real Estate Board reported on the June 2022 housing market in Victoria, BC. Sales decreased 35% from June 2021 with 612 properties sold. Inventory increased nearly 50% to 2,059 active listings. While rising inventory is improving choice for buyers, the President of VREB stressed the continued need for new housing supply to ensure long-term affordability given demand drivers like population growth. Benchmark home prices rose 23.6% for single-family homes and 29.7% for condos compared to June 2021.
Victoria Real Estate Board Statistics January 2021Vicky Aulakh
The Victoria real estate market saw strong sales in January 2021. Total property sales were up 57.2% from January 2020 and condominium sales specifically rose 83.1%. The luxury home market over $2 million also significantly increased its sales. Inventory remained low, down 32.5% from the previous year, continuing to fuel competitive bidding and price increases. The benchmark home price for single family homes in Victoria increased 8.3% year-over-year according to the MLS HPI.
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 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 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.
- 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.
- 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 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.
- 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.
Victoria Real Estate Board Statistics January 2020Vicky Aulakh
The Victoria real estate market saw an increase in property sales in January 2020 compared to the previous year. Total sales were up 24.9% from January 2019. However, inventory remains low with only a small increase in active listings from the previous month. Low inventory is putting pressure on the market as demand outpaces supply. The Victoria Real Estate Board president notes that while demand-side measures introduced over a year ago have not increased affordability, focusing on supply-side solutions like reducing development costs could help alleviate market pressures by introducing more housing options. Benchmark home prices in January 2020 were up slightly from the previous month but increased 1.4% for single-family homes and 4.1% for condominiums compared to January
Victoria Real Estate Board November 2022 Statistics with charts and graphs. A total of 384 properties sold in the Victoria Real Estate Board region this November, 41.2 per cent
fewer than the 653 properties sold in November 2021 and 20 per cent fewer than in October 2022.
Sales of condominiums were down 42.4 per cent from November 2021 with 136 units sold. Sales of
single family homes decreased 34.1 per cent from November 2021 with 182 sold.
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Sales of real estate properties in the Victoria region decreased in September 2022 compared to the previous year. A total of 410 properties sold in September 2022, a 46.1% decrease from September 2021. Both condominium and single family home sales decreased, by 58.8% and 33.2% respectively. While overall sales activity was lower than historical norms, well-priced properties continued to receive multiple offers. The number of active listings increased by 104.6% compared to September 2021, providing more housing supply. However, home prices continued rising, with benchmark single family home and condominium prices up 13.6% and 18.9% respectively from September 2021 levels.
Victoria Real Estate Board Statistics December 2022 with charts and graphs. The 2022 Victoria real estate market year in review. A total of 320 properties sold in the Victoria Real Estate Board region this December, 26.9 per cent fewer than the 438 properties sold in December 2021 and a 16.7 per cent decrease from November 2022. Sales of condominiums were down 38.2 per cent from December 2021 with 94 units sold. Sales of single family homes decreased 24.6 per cent from December 2021 with 156 sold.
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Victoria Real Estate Board Statistics - November 2021
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
Dec 1, 2021
No change on the horizon for the Victoria real estate market
A total of 653 properties sold in the Victoria Real Estate Board region this November, 17.9 per cent fewer
than the 795 properties sold in November 2020 and 12.3 per cent fewer than the previous month of
October. 236 condominiums sold, 5.2 per cent fewer than in the previous month of October. 276 single
family homes sold, 18.6 per cent fewer than in the previous month of October.
"Strong demand for housing in our community continues to exceed the ultra-low number of listings of
homes available for sale,” said Victoria Real Estate Board President David Langlois. “This demand creates
competition and pressure on pricing and we continue to see home values notch up. At this moment in time,
there are fewer than 600 residential properties for sale in our market.”
There were 887 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the
end of November 2021, 51.1 per cent fewer properties than the 1,813 available at the end of November
2020 and 14.4 per cent fewer properties than the 1,036 active listings for sale at the end of October 2021.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria
Core in November 2020 was $903,700. The benchmark value for the same home in November 2021
increased by 24.2 per cent to $1,122,600, a 1.7 per cent increase from the previous month of October. The
MLS® HPI benchmark value for a condominium in the Victoria Core in November 2020 was $485,100,
while the benchmark value for the same condominium in November 2021 increased by 15.6 per cent to
$560,700.
“Only with strong measures around supply will we see a lift in the pressures on our housing market,” added
President Langlois. “Governments continue to try to intervene by using demand side measures, such as
the province announcing their plan to introduce a ‘cooling off’ period for resale homes. This concept
was delivered without industry consultation or supporting data. Introducing measures that add uncertainty
to the marketplace fails to address the issues of supply and attainability in our community - and
threatens to make the supply situation worse. A cooling-off period will not increase consumer protection - in
fact many of the unintended consequences of such a policy could decrease protection for both buyers and
sellers. The housing market is complex and policy must be evidence-based and designed for all types of
markets – not to react to a moment in time. The government needs to sharpen their focus on the issue that
has been documented for years – that a consistent delay in the delivery of homes to meet the needs of our
growing population has created housing gridlock.”
About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and
innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,527 local Realtors. If you
are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.
PRESIDENT
David Langlois
PRESIDENT ELECT
Karen Dinnie-Smyth
TREASURER
Patrick Novotny
PAST PRESIDENT
Sandi-Jo Ayers
DIRECTORS
Sheila Aujla
Robert Cole
Laurie Lidstone
Jackie Ngai
Graden Sol
EXECUTIVE OFFICER
David Corey
2. Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$
Average$
LY%
LM% LY%
LM% LY%
LM% Units Median$
Average$ Units Median$
Average$
November 2021
262
236
76
12
600
276
653
14
887
330
249
90
17
695
339
745
9
1,036
361
262
99
13
749
375
795
14
1,813
$1,344,918
$648,867
$807,289
$275,858
$1,330,251
$1,055,764
$1,245,000
$585,000
$800,536
$273,450
$1,235,000
$842,450
$1,327,228
$620,859
$855,894
$404,859
$1,311,271
$726,200
$1,211,000
$545,895
$797,895
$275,000
$1,202,500
$999,500
$1,100,049
$469,483
$667,142
$248,162
$1,091,019
$858,171
$909,900
$428,500
$605,700
$232,500
$907,000
$885,000
-20.6%
-5.2%
-15.6%
-29.4%
-13.7%
-18.6%
-12.3%
55.6%
-14.4%
-27.4%
-9.9%
-23.2%
-7.7%
-19.9%
-26.4%
-17.9%
0.0%
-51.1%
1.3%
4.5%
-5.7%
-31.9%
1.4%
45.4%
22.3%
38.2%
21.0%
11.2%
21.9%
23.0%
2.8%
7.2%
0.3%
-0.6%
2.7%
-15.7%
36.8%
36.5%
32.2%
17.6%
36.2%
-4.8%
October 2021 November 2020
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: 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-Dec-2021
November 2021
Previous Periods Comparison
This Month Last Year
Page 1 of 1
Victoria Real Estate Board Multiple Listing Service ®
November 2021
Statistics Package for Media
Victoria Real Estate Board November 2021 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values
3. The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Dec-2021
Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of
the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and demand
respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is
downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.
- below 10%, there is downward pressure on prices (buyers' market)
- above 25%, there is upward pressure on prices (sellers' market)
- in the 15-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board November 2021 Statistics
Total new MLS® listings and total MLS® sales for entire district
4. The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over fifteen years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
Victoria Real Estate Board November 2021 Statistics
5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board November 2021 Statistics
12 Months Ago
% Difference from 12 Months Ago (October 2020 to October 2021)
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
14.9%
14.4%
17.0%
16.0%
6. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
November 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
$995,300
$990,300
$986,300
$978,100
$977,000
$975,700
$967,300
$965,700
$964,600
$952,000
$943,600
$943,000
$937,600
$935,200
$933,700
$921,600
$919,000
$916,600
$916,600
$910,900
$906,100
$904,200
$902,900
$902,600
$901,700
$887,000
$882,100
$878,000
$872,800
$871,900
$870,300
$867,000
$855,600
$850,000
$845,600
$844,900
$844,300
$838,000
$834,700
$829,000
$828,800
$825,200
$821,200
$814,400
$808,300
$799,500
$796,900 $786,300
$783,100
$781,300
$779,800
$767,900
$762,900
$757,600
$753,000
$749,600
$746,800
$733,600
$729,000
$720,700
$715,400
$711,800
$682,200
$680,900
$677,300
$677,000
$673,700
$672,900
$667,800
$656,400
$652,300
$649,100
$642,200
$629,600
$627,400
$624,400
$612,400
$580,400
$579,000
$578,900
$569,300
$557,500
$552,000
$528,400
$522,800
$518,000
$493,000
$487,900
$485,600
$455,400
$442,600
$420,300
$394,500
$370,800
$360,800
$358,000
$357,400
$349,200
$332,600
$329,100
$316,500
$308,000
$292,400
$284,200
$282,300
$271,500
$265,000
$1,575,300 $1,537,200 $1,527,300 $1,422,900
$1,358,200
$1,349,400
$1,348,600
$1,335,600
$1,330,100 $1,314,900
$1,287,800 $1,257,800
$1,245,200
$1,241,300
$1,237,700
$1,231,000
$1,208,400
$1,138,600
$1,135,700
$1,120,000 $1,105,800
$1,090,800
$1,076,900
$1,063,300
$1,052,900
$1,052,600
$1,046,800
$1,045,200
$1,040,700
$1,033,800 $1,027,800 $1,022,600
$1,021,400
$1,012,800
$1,010,100
$1,005,600
$1,002,600
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Single Family-All (SF-All)
7. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
November 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
339.8 329.9 320.5 317.7
308.7
307.3
306.9
305.2
303.1
300.9
300.7
300.3
299.1
297.6
297.5
296.7
295.5
293.9
293.7
292.9
291.2
290.7
290.7
290.0
288.6
288.0
287.1
286.6
286.2
285.4
285.3
285.0
284.9
283.9
282.8
281.5
280.9
280.7
280.3
278.8
278.5
278.5
277.2
276.7
276.4
276.2
275.8
275.5
275.5
273.7
273.0
272.6
272.4
271.8
270.9
270.2
270.2
269.5
268.6
268.4
266.8
263.5
263.4
262.4
259.6
257.8
252.3
251.3 249.5
249.4
247.9
246.5
245.6
245.1
238.2
236.4
236.3
235.6
234.7
232.3
231.8
231.1
229.4
229.2
228.8
225.6
225.6
225.1
224.9
224.5
224.5
223.6
223.3
218.6
216.6
215.8
213.1
212.0
211.0
205.1
204.7
203.7
203.7
201.8
199.4
198.5
198.4
197.7
196.6
195.1
194.7
192.6
191.3
188.5
183.9
183.4
181.3
178.9
173.3
168.2
168.1
167.6
164.6
158.6
156.8
132.9 100.0
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
November 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Sooke – Con
Langford – Con
Colwood – Con
North Saanich – Con
Sidney – Con
Central Saanich – Con
$747,900
$739,900 $717,500 $706,600
$704,400 $695,300
$690,000 $682,000
$681,700
$672,300
$662,300
$649,100
$636,300 $631,800
$630,200
$585,600
$564,600
$557,800
$556,300
$555,400
$552,700
$549,000
$548,000
$547,900
$546,500
$538,800
$538,300
$537,000
$525,900
$524,100
$521,500
$521,000
$516,000
$513,500
$510,200 $507,000
$505,200
$504,900
$503,800
$498,100 $497,700
$495,500
$495,400
$491,500
$488,800
$486,400
$485,600
$480,200
$480,000
$478,200
$477,900
$475,400
$474,400
$471,200
$470,800
$464,400
$463,300
$460,800
$458,200
$457,100
$456,200
$454,900
$446,700
$446,400
$433,000
$427,000
$426,500
$421,500
$420,700
$414,800
$412,100
$410,800
$410,400
$407,300
$405,300
$402,700
$383,900
$383,000
$383,000
$378,600
$377,400
$369,600
$353,400
$350,600
$347,900
$347,200
$345,800
$331,800
$322,700
$322,300
$306,800
$302,100
$302,000
$293,700
$292,600
$280,400
$276,900
$266,900
$242,200
$238,700
$205,900
$203,900
$201,600
$200,600
$190,600
$188,800
$160,600
$159,100
$155,000
$147,900
$129,900
$122,100
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Condo Apartment (Con)
9. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
November 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Sooke – Con
Langford – Con
Colwood – Con
North Saanich – Con
Sidney – Con
Central Saanich – Con
345.0 342.8 330.5
325.1
317.5
317.2
316.1
315.8
314.0
313.6
311.9
311.4
310.0
306.8
302.9
302.6
302.4
301.8
298.9
295.7
295.4
295.1
294.2
291.3
290.3
285.9
285.6
285.4
285.0
284.3
284.1
282.4
280.2
280.0
277.2
276.0
275.9
275.9
273.6
271.7
271.5
270.7
269.8
268.8
268.4
266.6
266.6 265.4
264.7
264.7
260.8
259.9
259.9
259.0
258.3
255.2
253.3
251.7
251.2
249.4
249.2
248.3
248.3
248.1
248.1
247.2
247.0
246.3
245.4
242.8
238.5
237.0
236.5
236.1
234.4
233.7
229.6
223.8
222.7
222.0
221.4
212.6
211.5 199.6
198.6
194.9
189.9
186.4
185.6
185.4
184.3
182.2
181.4
171.5
167.0
165.4
156.5
147.1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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
November 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn $922,300 $889,600
$874,400
$873,900
$867,100 $835,500
$830,600
$818,100
$814,600
$814,500
$807,400
$803,300
$802,400
$800,900
$794,900
$793,500
$792,500
$789,500
$777,200
$770,500
$766,100
$764,600
$750,200
$748,100
$746,000 $741,500
$741,400
$734,300
$725,400
$716,900
$714,100
$712,100
$711,700
$710,400
$707,600
$706,100
$706,000 $701,800
$700,600
$693,200
$689,900
$688,500
$681,800
$676,000
$671,800
$670,200
$661,000
$660,300
$656,800
$645,700
$645,300
$642,300
$641,000
$633,300
$631,300
$621,000
$620,900
$619,300
$612,700
$603,200
$596,400
$595,000
$592,000
$591,600
$580,900
$574,900
$571,400
$566,300
$561,200
$558,600
$557,800
$554,800
$535,800
$535,400
$532,200
$526,400
$519,100
$519,000
$516,700
$511,300
$508,500
$499,000
$493,100
$481,800
$474,500
$465,600
$460,800
$459,000
$457,400
$453,000
$433,700
$413,300
$410,300
$408,600
$401,400
$394,400
$357,300
$352,900
$316,600
$303,000
$277,200
$269,500
$267,700
$266,100
$262,100
$260,600
$245,700
$241,900
$235,600
$229,000
$219,300
$204,100
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Townhouse (Twn)
11. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
November 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
377.5 365.5 363.3
346.6
338.2
338.0
334.3
332.1
330.7
328.4
319.4
316.1
313.9
309.3
296.7
294.5
294.4
294.1
293.9
291.9
291.3 289.5
287.3 285.6
284.3
280.2 276.9
276.2
275.1
274.1
273.9
273.1
272.5
271.9
271.5
269.9
268.8
267.6
266.7
264.3
263.9
263.6
262.5
261.8
261.6
261.4
260.1
259.8 258.3
256.5
252.2
251.1
250.6
250.3
250.1
247.6
246.6
243.9
237.9
236.6
236.3
228.4
227.5
226.6
225.9
225.3
224.4
224.0
220.6
219.7
218.0
217.9
214.6
214.2
212.9
212.2
211.5
203.3
202.5
201.4
200.4
195.1
194.0
192.3
186.4
185.3
183.0
178.8
176.7
176.5
176.2
175.5
172.1
168.9
156.0
154.2
150.5
149.8
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
– Townhouse (Twn)
12. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
– Single Family-All (SF-All)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
13. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
200,000
300,000
400,000
500,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
– Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
14. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values Jan 2006
Jan 2008
Jan 2010
Jan 2012
Jan 2014
Jan 2016
Jan 2018
Jan 2020
Jan 2022
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
– Townhouse (Twn)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
16. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 35 $47,079,400
Oak Bay 18 $48,313,720
Esquimalt 6 $5,962,000
View Royal 6 $5,993,450
Saanich East 44 $62,227,400
Saanich West 24 $30,584,500
Central Saanich 13 $20,630,000
North Saanich 10 $19,479,250
Sidney 9 $10,084,700
Colwood 13 $14,116,333
Langford 40 $47,597,257
Metchosin 4 $5,370,000
Sooke 21 $17,923,000
Gulf Islands 19 $17,007,618
Total Greater Victoria 262 $352,368,628
Other Areas
Malahat & Area 14 $14,780,700
Total Other Areas 14 $14,780,700
Total Single Family Detached 276 $367,149,328
Condo Apartment
l
Greater Victoria
Victoria / Victoria West 110 $73,894,400
Oak Bay 9 $6,983,400
Esquimalt 13 $6,932,550
View Royal 5 $3,143,500
Saanich East 22 $12,401,488
Saanich West 9 $4,354,000
Central Saanich 5 $2,834,855
North Saanich 1 $700,000
Sidney 17 $14,396,750
Colwood 2 $1,015,100
Langford 41 $25,296,458
Sooke 2 $1,180,000
Total Greater Victoria 236 $153,132,501
Total Condo Apartment 236 $153,132,501
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
17. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
Row/Townhouse
l
Greater Victoria
Victoria / Victoria West 9 $8,303,000
Esquimalt 3 $1,984,900
View Royal 8 $6,324,379
Saanich East 20 $17,966,291
Saanich West 4 $3,492,400
Central Saanich 2 $1,567,000
Sidney 3 $2,782,000
Colwood 2 $1,920,000
Langford 14 $10,764,325
Sooke 5 $3,160,000
Gulf Islands 6 $3,089,700
Total Greater Victoria 76 $61,353,995
Total Row/Townhouse 76 $61,353,995
Manufactured Home
l
Greater Victoria
View Royal 3 $604,300
Central Saanich 2 $552,000
Langford 2 $818,000
Sooke 3 $564,800
Gulf Islands 1 $491,300
Total Greater Victoria 11 $3,030,400
Other Areas
Malahat & Area 1 $279,900
Total Other Areas 1 $279,900
Total Manufactured Home 12 $3,310,300
Total Residential 600 $584,946,124
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
18. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
$638,482,066
653
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Saanich East 1 $3,900,000
Saanich West 1 $2,150,000
North Saanich 1 $2,150,000
Colwood 1 $475,000
Langford 4 $4,160,099
Sooke 14 $10,898,983
Gulf Islands 2 $2,769,000
Total Greater Victoria 24 $26,503,082
Other Areas
Malahat & Area 3 $1,134,900
UpIsland / Mainland 1 $339,900
Total Other Areas 4 $1,474,800
Total Lots & Acreage 28 $27,977,882
1 $1,875,000
Commercial Land
l
24 $23,683,060
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®
19. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria 32 $42,929,400
Victoria West 3 $4,150,000
Oak Bay 16 $34,763,720
Esquimalt 5 $5,212,000
View Royal 6 $5,993,450
Saanich East 44 $62,227,400
Saanich West 24 $30,584,500
Central Saanich 13 $20,630,000
North Saanich 9 $13,529,250
Sidney 9 $10,084,700
Colwood 13 $14,116,333
Langford 40 $47,597,257
Metchosin 4 $5,370,000
Sooke 17 $14,553,000
Gulf Islands 15 $13,630,618
Waterfront (all districts) 12 $26,997,000
Total Greater Victoria 262 $352,368,628
Other Areas
Malahat & Area 12 $12,465,700
Waterfront (all districts) 2 $2,315,000
Total Other Areas 14 $14,780,700
Total Single Family Detached 276 $367,149,328
Condo Apartment
l
Greater Victoria
Victoria 95 $61,373,800
Victoria West 12 $9,445,600
Oak Bay 7 $4,278,400
Esquimalt 12 $6,182,550
View Royal 5 $3,143,500
Saanich East 22 $12,401,488
Saanich West 9 $4,354,000
Central Saanich 4 $2,249,855
North Saanich 1 $700,000
Sidney 16 $12,296,750
Colwood 2 $1,015,100
Langford 41 $25,296,458
Sooke 1 $320,000
Waterfront (all districts) 9 $10,075,000
Total Greater Victoria 236 $153,132,501
Total Condo Apartment 236 $153,132,501
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
20. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
Row/Townhouse
l
Greater Victoria
Victoria 9 $8,303,000
Esquimalt 3 $1,984,900
View Royal 8 $6,324,379
Saanich East 20 $17,966,291
Saanich West 4 $3,492,400
Central Saanich 2 $1,567,000
Sidney 3 $2,782,000
Colwood 2 $1,920,000
Langford 14 $10,764,325
Sooke 4 $2,349,000
Gulf Islands 6 $3,089,700
Waterfront (all districts) 1 $811,000
Total Greater Victoria 76 $61,353,995
Total Row/Townhouse 76 $61,353,995
Manufactured Home
l
Greater Victoria
View Royal 3 $604,300
Central Saanich 2 $552,000
Langford 2 $818,000
Sooke 3 $564,800
Gulf Islands 1 $491,300
Total Greater Victoria 11 $3,030,400
Other Areas
Malahat & Area 1 $279,900
Total Other Areas 1 $279,900
Total Manufactured Home 12 $3,310,300
Total Residential 600 $584,946,124
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
21. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
November 2021
District
Produced: 01-Dec-2021
$638,482,066
653
Grand Totals
Other Property
Lots & Acreage
l
Greater Victoria
Saanich East 1 $3,900,000
Saanich West 1 $2,150,000
North Saanich 1 $2,150,000
Colwood 1 $475,000
Langford 4 $4,160,099
Sooke 14 $10,898,983
Gulf Islands 2 $2,769,000
Total Greater Victoria 24 $26,503,082
Other Areas
Malahat & Area 3 $1,134,900
UpIsland / Mainland 1 $339,900
Total Other Areas 4 $1,474,800
Total Lots & Acreage 28 $27,977,882
1 $1,875,000
Commercial Land
l
24 $23,683,060
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®
22. Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
November 2021
Produced: 01-Dec-2021
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
Nov
2019
Dec
2019
Jan
2020
Feb
2020
Mar
2020
Apr
2020
May
2020
Jun
2020
Jul
2020
Aug
2020
Sep
2020
Oct
2020
Nov
2020
Dec
2020
Jan
2021
Feb
2021
Mar
2021
Apr
2021
May
2021
Jun
2021
Jul
2021
Aug
2021
Sep
2021
Oct
2021
Nov
2021
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board Multiple Listing Service ® Page 1 of 1
23. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Single Family - Residential
Units Listed 252
Units Sold 215
Sell/List Ratio 85
Sales Dollars $280,138,010
Average Price / Unit $1,302,967
Price Ratio 105
Days To Sell 19
Active Listings at Month End 211
%
%
288
292
101
$292,804,072
$1,002,754
99
32
411
%
%
-13
-26
-4
30
-40
-49
%
%
%
%
%
%
4264
3540
83
$4,079,425,916
$1,152,380
103
19
%
%
4602
3316
72
$3,102,846,390
$935,720
99
35
%
%
-7
7
31
23
-45
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 16
Units Sold 10
Sell/List Ratio 63
Sales Dollars $28,435,000
Average Price / Unit $2,843,500
Price Ratio 99
Days To Sell 33
Active Listings at Month End 44
%
%
19
31
163
$61,999,815
$1,999,994
96
142
69
%
%
-16
-68
-54
42
-77
-36
%
%
%
%
%
%
335
238
71
$480,654,846
$2,019,558
99
48
%
%
395
262
66
$468,837,742
$1,789,457
95
101
%
%
-15
-9
3
13
-52
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 18
Units Sold 23
Sell/List Ratio 128
Sales Dollars $35,772,368
Average Price / Unit $1,555,320
Price Ratio 98
Days To Sell 38
Active Listings at Month End 50
%
%
35
27
77
$35,425,782
$1,312,066
97
38
83
%
%
-49
-15
1
19
-1
-40
%
%
%
%
%
%
446
350
78
$539,588,452
$1,541,681
100
40
%
%
494
330
67
$375,953,904
$1,139,254
97
61
%
%
-10
6
44
35
-35
%
%
%
%
%
Condo Apartment
Units Listed 234
Units Sold 236
Sell/List Ratio 101
Sales Dollars $153,132,501
Average Price / Unit $648,867
Price Ratio 102
Days To Sell 24
Active Listings at Month End 194
%
%
288
262
91
$123,004,577
$469,483
99
40
564
%
%
-19
-10
24
38
-40
-66
%
%
%
%
%
%
3869
3297
85
$1,838,425,343
$557,606
100
26
%
%
3857
2208
57
$1,069,459,132
$484,356
98
41
%
%
0
49
72
15
-36
%
%
%
%
%
Page 1 of 8
Victoria Real Estate Board Multiple Listing Service ®
24. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Row/Townhouse
Units Listed 61
Units Sold 76
Sell/List Ratio 125
Sales Dollars $61,353,995
Average Price / Unit $807,289
Price Ratio 104
Days To Sell 33
Active Listings at Month End 51
%
%
70
97
139
$63,969,599
$659,480
99
38
115
%
%
-13
-22
-4
22
-14
-56
%
%
%
%
%
%
1239
1085
88
$794,315,934
$732,088
102
23
%
%
1339
992
74
$604,733,423
$609,610
99
42
%
%
-7
9
31
20
-46
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 4
Sell/List Ratio 400
Sales Dollars $4,129,900
Average Price / Unit $1,032,475
Price Ratio 99
Days To Sell 26
Active Listings at Month End 3
%
%
0
1
$675,000
$675,000
100
11
0
%
%
300
512
53
134
%
%
%
%
%
%
25
17
68
$17,734,200
$1,043,188
101
23
%
%
8
7
88
$6,281,500
$897,357
99
68
%
%
213
143
182
16
-67
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 12
Units Sold 14
Sell/List Ratio 117
Sales Dollars $12,550,050
Average Price / Unit $896,432
Price Ratio 107
Days To Sell 12
Active Listings at Month End 6
%
%
22
19
86
$13,332,195
$701,694
100
41
35
%
%
-45
-26
-6
28
-71
-83
%
%
%
%
%
%
264
236
89
$189,358,731
$802,368
103
22
%
%
198
136
69
$91,498,344
$672,782
100
33
%
%
33
74
107
19
-34
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $988,000
Average Price / Unit $988,000
Price Ratio 110
Days To Sell 5
Active Listings at Month End 0
%
%
2
2
100
$1,695,000
$847,500
101
27
3
%
%
-50
-50
-42
17
-81
-100
%
%
%
%
%
%
39
31
79
$25,604,050
$825,937
104
18
%
%
26
21
81
$14,287,300
$680,348
99
29
%
%
50
48
79
21
-39
%
%
%
%
%
Page 2 of 8
Victoria Real Estate Board Multiple Listing Service ®
25. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Recreational
Units Listed 6
Units Sold 5
Sell/List Ratio 83
Sales Dollars $1,017,000
Average Price / Unit $203,400
Price Ratio 100
Days To Sell 62
Active Listings at Month End 7
%
%
0
1
$1,500,000
$1,500,000
88
548
13
%
%
400
-32
-86
-89
-46
%
%
%
%
%
%
33
32
97
$6,532,000
$204,125
101
193
%
%
32
17
53
$3,512,900
$206,641
91
191
%
%
3
88
86
-1
1
%
%
%
%
%
Manufactured Home
Units Listed 21
Units Sold 12
Sell/List Ratio 57
Sales Dollars $3,310,300
Average Price / Unit $275,858
Price Ratio 100
Days To Sell 15
Active Listings at Month End 31
%
%
10
13
130
$3,226,100
$248,162
96
47
25
%
%
110
-8
3
11
-68
24
%
%
%
%
%
%
246
173
70
$59,732,156
$345,273
99
35
%
%
182
149
82
$36,730,497
$246,513
96
56
%
%
35
16
63
40
-38
%
%
%
%
%
Residential Lots
Units Listed 15
Units Sold 10
Sell/List Ratio 67
Sales Dollars $6,164,549
Average Price / Unit $616,455
Price Ratio 103
Days To Sell 77
Active Listings at Month End 30
%
%
20
17
85
$11,322,150
$666,009
95
94
109
%
%
-25
-41
-46
-7
-19
-72
%
%
%
%
%
%
266
222
83
$118,824,329
$535,245
98
76
%
%
303
150
50
$73,300,512
$488,670
97
112
%
%
-12
48
62
10
-32
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 3
Units Sold 5
Sell/List Ratio 167
Sales Dollars $4,164,000
Average Price / Unit $832,800
Price Ratio 97
Days To Sell 85
Active Listings at Month End 4
%
%
3
4
133
$2,736,900
$684,225
96
184
22
%
%
0
25
52
22
-54
-82
%
%
%
%
%
%
36
33
92
$21,805,700
$660,779
97
154
%
%
66
24
36
$18,880,525
$786,689
95
139
%
%
-45
38
15
-16
11
%
%
%
%
%
Page 3 of 8
Victoria Real Estate Board Multiple Listing Service ®
26. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Residential Acreage
Units Listed 9
Units Sold 10
Sell/List Ratio 111
Sales Dollars $12,236,333
Average Price / Unit $1,223,633
Price Ratio 101
Days To Sell 26
Active Listings at Month End 28
%
%
6
10
167
$7,662,000
$766,200
94
156
55
%
%
50
0
60
60
-83
-49
%
%
%
%
%
%
113
92
81
$62,565,760
$680,063
99
94
%
%
138
79
57
$49,231,050
$623,178
92
156
%
%
-18
16
27
9
-40
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 0
Units Sold 3
Sell/List Ratio
Sales Dollars $5,413,000
Average Price / Unit $1,804,333
Price Ratio 97
Days To Sell 116
Active Listings at Month End 4
%
%
3
2
67
$901,000
$450,500
95
227
27
%
%
-100
50
501
301
-49
-85
%
%
%
%
%
%
29
34
117
$37,834,900
$1,112,791
94
163
%
%
41
23
56
$17,497,682
$760,769
91
175
%
%
-29
48
116
46
-7
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 4
Sell/List Ratio 133
Sales Dollars $4,119,000
Average Price / Unit $1,029,750
Price Ratio 101
Days To Sell 21
Active Listings at Month End 3
%
%
2
4
200
$3,777,741
$944,435
95
103
7
%
%
50
0
9
9
-79
-57
%
%
%
%
%
%
92
58
63
$68,870,296
$1,187,419
101
20
%
%
53
35
66
$35,699,758
$1,019,993
97
47
%
%
74
66
93
16
-58
%
%
%
%
%
Revenue - Multi Units
Units Listed 8
Units Sold 6
Sell/List Ratio 75
Sales Dollars $13,763,888
Average Price / Unit $2,293,981
Price Ratio 97
Days To Sell 49
Active Listings at Month End 17
%
%
5
1
20
$1,200,000
$1,200,000
96
27
18
%
%
60
500
1047
91
81
-6
%
%
%
%
%
%
71
38
54
$94,546,388
$2,488,063
96
72
%
%
44
11
25
$17,300,000
$1,572,727
93
70
%
%
61
245
447
58
2
%
%
%
%
%
Page 4 of 8
Victoria Real Estate Board Multiple Listing Service ®
27. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Revenue - Apartment Block
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
-100
-100
-100
%
%
%
%
%
Revenue - Commercial
Units Listed 12
Units Sold 9
Sell/List Ratio 75
Sales Dollars $8,924,000
Average Price / Unit $991,556
Price Ratio 95
Days To Sell 112
Active Listings at Month End 32
%
%
8
4
50
$2,485,000
$621,250
95
95
53
%
%
50
125
259
60
19
-40
%
%
%
%
%
%
96
44
46
$45,753,296
$1,039,848
96
102
%
%
92
21
23
$19,864,450
$945,926
97
79
%
%
4
110
130
10
30
%
%
%
%
%
Revenue - Industrial
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Sales Dollars $995,000
Average Price / Unit $995,000
Price Ratio 100
Days To Sell 26
Active Listings at Month End 17
%
%
2
2
100
$2,305,000
$1,152,500
97
101
8
%
%
0
-50
-57
-14
-74
113
%
%
%
%
%
%
33
15
45
$21,441,868
$1,429,458
98
76
%
%
10
8
80
$5,920,200
$740,025
98
96
%
%
230
88
262
93
-20
%
%
%
%
%
Business with Land & Building
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 3
%
%
1
0
$0
7
%
%
-100
-57
%
%
%
%
%
%
7
2
29
$3,403,186
$1,701,593
85
142
%
%
44
20
45
$33,678,992
$1,683,950
91
157
%
%
-84
-90
-90
1
-10
%
%
%
%
%
Page 5 of 8
Victoria Real Estate Board Multiple Listing Service ®
28. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Business Only
Units Listed 8
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 53
%
%
9
2
22
$102,000
$51,000
67
153
38
%
%
-11
-100
-100
39
%
%
%
%
%
%
93
14
15
$3,256,500
$232,607
92
167
%
%
95
20
21
$1,485,000
$74,250
75
118
%
%
-2
-30
119
213
42
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
2
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Office
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Sales Dollars $60
Average Price / Unit $20
Price Ratio 96
Days To Sell 97
Active Listings at Month End 49
%
%
18
1
6
$15
$15
94
87
85
%
%
-89
200
301
34
11
-42
%
%
%
%
%
%
94
21
22
$2,139
$102
97
136
%
%
108
10
9
$161
$16
128
164
%
%
-13
110
1231
534
-17
%
%
%
%
%
Lease - Retail
Units Listed 5
Units Sold 4
Sell/List Ratio 80
Sales Dollars $92
Average Price / Unit $23
Price Ratio 100
Days To Sell 75
Active Listings at Month End 28
%
%
8
1
13
$388,935
$388,935
1485052
59
45
%
%
-38
300
-100
-100
27
-38
%
%
%
%
%
%
67
27
40
$353,857
$13,106
86
129
%
%
65
17
26
$390,973
$22,998
20668
177
%
%
3
59
-9
-43
-27
%
%
%
%
%
Page 6 of 8
Victoria Real Estate Board Multiple Listing Service ®
29. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
1
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Industrial
Units Listed 2
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 6
%
%
1
1
100
$16
$16
97
41
6
%
%
100
-100
-100
0
%
%
%
%
%
%
17
3
18
$49
$16
100
45
%
%
6
3
50
$41
$14
95
207
%
%
183
0
18
18
-78
%
%
%
%
%
Lease - Other
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $20
Average Price / Unit $20
Price Ratio 95
Days To Sell 36
Active Listings at Month End 3
%
%
1
0
$0
3
%
%
0
0
%
%
%
%
%
%
9
3
33
$2,890,623
$963,541
4899361
75
%
%
53
2
4
$30
$15
61
%
%
-83
50
9635310
6423507
23
%
%
%
%
%
Commercial Land
Units Listed 4
Units Sold 1
Sell/List Ratio 25
Sales Dollars $1,875,000
Average Price / Unit $1,875,000
Price Ratio 100
Days To Sell 34
Active Listings at Month End 13
%
%
2
1
50
$1,750,000
$1,750,000
100
571
12
%
%
100
0
7
7
-94
8
%
%
%
%
%
%
24
9
38
$17,212,500
$1,912,500
94
224
%
%
33
2
6
$6,225,000
$3,112,500
100
432
%
%
-27
350
177
-39
-48
%
%
%
%
%
Page 7 of 8
Victoria Real Estate Board Multiple Listing Service ®
30. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
November 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Dec-2021
Units Listed 696
Units Sold 653
Sell/List Ratio 94
Sales Dollars $638,482,066
Average Price / Unit $977,767
Price Ratio 103
Days To Sell 28
Active Listings at Month End 887
%
%
Grand Totals
823
795
97
$632,262,896
$795,299
99
47
1813
%
%
-15
-18
1
23
-41
-51
%
%
%
%
%
%
11807
9614
81
$8,530,133,018
$887,262
102
29
%
%
12296
7866
64
$6,062,114,405
$770,673
98
46
%
%
-4
22
41
15
-37
%
%
%
%
%
Page 8 of 8
Victoria Real Estate Board Multiple Listing Service ®