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.

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
Sept 3, 2019
Victoria real estate summer sales and inventory levels follow historic patterns
A total of 661 properties sold in the Victoria Real Estate Board region this August, 11.3 per cent more
than the 594 properties sold in August 2018 but a 6.4 per cent decrease from July 2019. Sales of
condominiums were up 4.1 per cent from August 2018 with 203 units sold. Sales of single family
homes increased 15.5 per cent from August 2018 with 351 sold.
“August could be considered a status quo month for real estate in greater Victoria with entry-level
homes selling quickly when priced appropriately, and higher-end properties moving at a slower
pace," says Victoria Real Estate Board President Cheryl Woolley. “As expected, we’ve seen relatively
stable pricing, with an uptick in sales – particularly single family homes. Unfortunately, summer has
been accompanied with a slowing of new inventory coming onto the market, which suggests it is a
good time for prospective sellers to consult with their REALTOR® about selling in the fall market.”
There were 2,838 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of August 2019, a decrease of 3.8 per cent compared to the month of July but a 12.7 per cent
increase from the 2,519 active listings for sale at the end of August 2018.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in August 2018 was $888,100. The benchmark value for the same home in August 2019
decreased by 4.6 per cent to $847,300, slightly less than July’s value of $858,800. The MLS® HPI
benchmark value for a condominium in the Victoria Core area in August 2018 was $503,600, while the
benchmark value for the same condominium in August 2019 increased by 2.9 per cent to $518,100,
lower than July's value of $523,400.
“This month the federal government opened its First Time Home Buyer Incentive program,” adds
President Woolley. “We’re pleased the government is looking at creative ways to get first time buyers
into homes as this program will help some buyers in Canada's smaller markets. We look forward to
hearing how the federal government plans to help first time buyers in larger markets like Victoria,
perhaps by adjusting the mortgage stress test parameters and extending the length of mortgage
amortizations.”
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 1,381 local Realtors. If you are thinking about
buying or selling a home, connect with your local Realtor for detailed information on the Victoria and
area housing market.
Contact: Denise Hogue, Communications Manager - denise@vreb.org, 250-920-4652
PRESIDENT
Cheryl Woolley
PRESIDENT ELECT &
TREASURER
Sandi-Jo Ayers
PAST PRESIDENT
Kyle Kerr
DIRECTORS
Jackie Adkins
Sheila Aujla
Karen Dinnie-Smyth
David Langlois
Andrew Plank
Graden Sol
EXECUTIVE OFFICER
David Corey

2. 01-Sep-2019
August 2019Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$
2019 - August
308
203
59
16
629
351
661
43
2,838
303
215
89
19
670
347
706
44
2,949
259
195
59
12
570
304
594
45
2,519
$870,829
$491,451
$616,637
$220,469
$861,784
$796,995
$789,900
$420,000
$569,900
$232,000
$779,000
$712,000
$837,781
$456,850
$574,679
$274,053
$814,706
$655,800
$750,000
$415,000
$525,000
$254,000
$737,750
$528,750
$937,459
$465,673
$606,873
$349,450
$890,497
$620,203
$779,950
$405,000
$520,000
$182,500
$760,750
$547,500
1.7%
-5.6%
-33.7%
-15.8%
-6.1%
1.2%
-6.4%
-2.3%
-3.8%
18.9%
4.1%
0.0%
33.3%
10.4%
15.5%
11.3%
-4.4%
12.7%
3.9%
7.6%
7.3%
-19.6%
5.8%
21.5%
-7.1%
5.5%
1.6%
-36.9%
-3.2%
28.5%
5.3%
1.2%
8.6%
-8.7%
5.6%
34.7%
1.3%
3.7%
9.6%
27.1%
2.4%
30.0%
2019 - July 2018 - August
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Active Listings: total listings on the market at midnight on the last day of the month
This Month Last Month This Month Last Year
1Victoria Real Estate Board Multiple Listing Service ®
August 2019
Statistics Package for Media
Victoria Real Estate Board August 2019 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values

3. Sunday, September 01, 2019
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 August 2019 Statistics
Total new MLS® listings and total MLS® sales for entire district

4. The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
Victoria Real Estate Board August 2019 Statistics

5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board August 2019 Statistics

6. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
August 2019 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
$958,100
$954,100
$947,900$946,900
$946,300
$940,600 $934,700
$933,100 $923,100$920,400
$902,600$877,400$871,100
$864,800
$860,400$860,000
$856,200
$846,000 $842,100$838,600
$835,000
$832,000
$831,700$818,700 $813,500
$805,600
$778,100
$774,000
$765,600
$763,500
$762,000
$760,600
$758,700
$758,500
$756,000
$756,000$756,000
$754,800
$754,400
$753,800
$753,200
$748,500
$747,800
$744,600$743,500
$736,900
$736,400
$735,300
$724,500
$718,300
$714,700
$701,400
$681,900
$679,800
$679,600
$676,600
$674,700$673,200
$670,300
$666,600$665,600
$664,100
$660,600
$660,600 $660,000
$657,300 $653,200
$646,100
$641,500$638,800
$638,000
$637,500
$635,900
$634,900
$634,800
$632,500
$622,200
$622,200
$621,200
$620,400
$620,000
$617,000
$595,200
$576,800
$571,800 $570,100
$569,000
$568,600
$560,700
$556,800
$552,000
$551,400
$551,400
$548,900
$548,800
$543,300
$538,200
$536,900
$536,200
$533,100 $531,000
$529,500
$521,700
$515,400
$514,700
$507,600
$506,800
$500,500
$500,200
$487,300
$486,200
$455,400
$451,800
$451,400
$438,900
$437,700
$435,900
$429,300
$427,700
$400,800
$394,500
$392,200
$389,700
$370,800
$356,900
$356,300
$353,900
$347,200
$332,600
$329,900
$325,600
$321,500
$308,000
$292,400
$291,500
$284,200
$282,300
$264,900
$1,310,900$1,212,600 $1,203,800$1,197,700 $1,181,200 $1,108,900
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)

7. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
August 2019 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
246.8
237.5
237.4236.9233.7
232.5
230.9
230.0229.2
228.8
228.7226.7
225.2
224.8
224.3
224.1
223.4
223.4
223.4
222.4220.8
220.8
220.5
219.7
219.4
218.2
218.1
218.1
218.0
217.4 217.1
217.0 214.0
213.9
213.9
212.8
212.5
212.2212.2
211.4
211.0
210.1
209.5
208.6
208.5
208.3
208.3
207.8
207.4
207.2
207.0
206.9
206.4
206.1
205.5 205.3
205.1
205.0
204.9
203.4
202.7
202.7
202.5
202.1
201.9201.4
201.3
201.0
200.9
200.4200.1
199.9
198.6
198.6
197.6
197.3
197.2
196.6
196.2
194.5
194.3
194.3
193.3
193.0
192.4
191.8
191.6
190.6
190.1
189.2
188.6
188.1
182.9 182.2
179.2
179.0
178.5
177.2
177.0
173.9
165.3
165.0
163.3
162.4
160.0
159.1
151.3
150.5
150.1
147.4
146.2
146.2
144.6
144.4
140.5
139.4
138.9
137.8
136.4
136.0
135.7
135.6
133.7
133.6
126.6
111.7 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)

8. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
August 2019 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
$794,000$790,000$785,900 $780,500$765,900
$617,700
$617,200
$613,600 $605,800 $583,500 $580,000
$511,000 $507,300$506,100 $494,800 $494,000
$494,000$492,800$492,600 $491,900
$489,600
$488,500
$485,500
$485,000
$483,500
$483,100
$482,900
$482,700$480,700
$480,400
$479,600
$477,900
$477,500$476,700
$468,800 $465,000
$463,100
$448,100$447,400 $443,000 $434,100
$429,700
$428,900
$428,100
$425,200
$425,000
$424,600$423,400 $423,300
$421,600 $415,100
$414,300
$399,500$399,500$399,300
$398,500
$398,400 $390,800
$367,000
$365,500
$365,300
$363,400$361,400 $348,300 $347,700
$346,100
$338,800
$333,600
$320,100
$313,300
$309,700
$309,500
$309,300
$304,700
$296,300
$294,400
$290,200
$287,500
$278,700
$278,200
$271,700
$253,000
$250,100
$248,300
$247,700
$243,200
$210,400
$205,500
$205,300
$201,800
$191,100
$179,300
$176,600
$169,700
$162,500
$155,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)

9. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
August 2019 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
264.1263.7
261.7261.3
261.1
260.6 260.5
255.9
255.6
255.0
252.8
252.7251.4
248.7 246.9246.3
245.3
244.1
243.3
242.6
242.5
240.8 240.4
240.3
239.6
239.4
239.2
238.7
238.2
237.0
236.8
236.5235.3
235.1
234.8
234.7
234.4
234.2234.1 233.8
233.6
233.4
233.2
232.6232.2
232.1
232.0
231.5
230.6
230.4
229.8
229.2
226.2226.2
226.1
226.1225.6
223.7 223.3
221.3
192.8
186.4
182.3
182.2
181.1
177.8
174.4
169.9
162.8
162.5
158.6
157.5
156.2
152.8
151.5
147.2
146.0
145.6
144.2
143.4
141.6
138.1
136.7
122.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)

10. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
August 2019 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
$735,200 $733,100$731,400 $727,700 $723,600
$673,000 $671,200 $660,600 $636,300
$635,700
$634,100
$633,600
$632,400$631,500
$630,400
$626,900
$626,700
$626,000
$625,500 $623,200
$622,700
$621,000 $609,700 $606,000
$602,200
$600,200
$598,800 $591,200
$590,600
$590,100 $588,400
$586,000
$583,900
$583,300 $582,000
$580,400 $580,100
$580,100
$579,700
$576,400
$570,700
$569,700 $561,000
$558,100 $554,200
$546,400 $540,300 $535,600
$533,400
$532,300
$531,900 $529,800
$522,700$521,700$519,800 $513,400
$510,600 $504,800
$504,000
$502,900$502,100$499,800
$496,800
$493,000
$486,800
$482,200
$481,800
$480,700
$480,500
$478,800$476,300
$474,200
$472,400
$468,100$466,000 $463,200 $459,600
$458,600
$453,400
$426,000
$423,700
$419,500
$417,900
$407,100
$402,100
$399,300
$394,100
$392,100
$384,400
$381,700
$380,500
$365,100
$358,400
$346,200
$341,800
$341,000
$336,800
$334,600
$328,500
$326,200
$287,700
$281,400
$269,600
$268,800
$266,100
$261,500
$256,100
$250,100
$247,600
$245,500
$241,900
$234,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)

11. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
August 2019 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
271.8 271.1 266.8 257.0 255.9
250.1 249.2248.3 243.8
242.7
242.3
239.0 232.8
230.7
230.2
229.1
228.2
220.5
220.4219.8219.5
219.1
218.0
217.9 217.6
217.0
216.8
216.6
216.5 215.8
215.6
215.3 215.2
215.0214.5
214.0
213.8
213.4
212.9
212.8
212.5
212.3
212.2
211.7
210.1209.7 209.1
209.1
199.9 199.1
197.9196.9
196.6
192.8
192.3192.0
191.9
191.1
190.0
189.7
188.5
188.4 187.3
186.7
186.1
185.2
183.8
182.8182.0
181.5
180.9 179.5
179.4
175.2
171.1
170.6
170.0
168.2
167.9
166.2
165.8
156.8
152.7
148.1
145.8
145.5
144.0
143.0
142.6
141.9
141.6
140.9
139.2
133.8
130.7
130.1
127.4
124.9
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
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)

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

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

14. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Benchmark Price ($)
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Townhouse (Twn)
HPI or Benchmark Price
HPI
Benchmark Price
Show historical labels for current month?
(1, 2, 3, 5, 7, 10 years ago)
No
Yes

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

16. Monthly Sales Summary
Sunday, September 1, 2019
Units Total Volume
August 2019
Region
District
Residential
Single Familyl
Greater Victoria
Victoria 23 $21,507,400
Victoria West 1 $963,000
Oak Bay 16 $22,662,000
Esquimalt 10 $6,834,150
View Royal 7 $5,762,000
Saanich East 56 $56,995,420
Saanich West 33 $24,352,688
Central Saanich 14 $12,147,500
North Saanich 17 $19,353,900
Sidney 10 $6,642,000
Highlands 2 $1,695,000
Colwood 12 $8,035,400
Langford 63 $47,078,506
Metchosin 3 $2,961,020
Sooke 31 $17,788,850
Waterfront (all districts) 10 $13,436,571
Total Greater Victoria 308 $268,215,405
Other Areas
Shawnigan Lake / Malahat 3 $2,079,000
Gulf Islands 19 $13,531,500
UpIsland / Mainland 10 $8,062,500
Waterfront (all districts) 11 $10,597,800
Total Other Areas 43 $34,270,800
Total Single Family 351 $302,486,205
Condo Apartmentl
Greater Victoria
Victoria 73 $34,163,900
Victoria West 9 $6,652,900
Oak Bay 1 $660,000
Esquimalt 9 $2,891,900
View Royal 23 $9,536,740
Saanich East 29 $16,014,988
Saanich West 12 $5,539,400
Central Saanich 5 $2,449,700
Sidney 9 $4,542,900
Colwood 4 $1,459,700
Langford 16 $4,768,900
Sooke 1 $262,500
Waterfront (all districts) 10 $10,221,000
Total Greater Victoria 201 $99,164,528
Other Areas
UpIsland / Mainland 1 $170,000
Waterfront (all districts) 1 $430,000
Total Other Areas 2 $600,000
Total Condo Apartment 203 $99,764,528
1
Victoria Real Estate Board Multiple Listing Service ®

17. Monthly Sales Summary
Sunday, September 1, 2019
Units Total Volume
August 2019
Region
District
Row/Townhousel
Greater Victoria
Victoria 7 $5,267,500
Oak Bay 1 $827,000
Esquimalt 2 $1,015,000
View Royal 2 $1,277,000
Saanich East 12 $7,589,900
Saanich West 4 $2,715,000
Central Saanich 4 $2,500,000
North Saanich 2 $1,470,000
Sidney 2 $1,241,500
Colwood 5 $3,187,900
Langford 14 $7,323,400
Sooke 3 $1,292,400
Total Greater Victoria 58 $35,706,600
Other Areas
UpIsland / Mainland 1 $675,000
Total Other Areas 1 $675,000
Total Row/Townhouse 59 $36,381,600
Manufactured Homel
Greater Victoria
View Royal 2 $425,000
Central Saanich 5 $1,188,999
Sidney 2 $930,000
Langford 4 $473,500
Sooke 1 $125,000
Total Greater Victoria 14 $3,142,499
Other Areas
Gulf Islands 1 $260,000
UpIsland / Mainland 1 $125,000
Total Other Areas 2 $385,000
Total Manufactured Home 16 $3,527,499
Total Residential 629 $442,159,832
2
Victoria Real Estate Board Multiple Listing Service ®

18. Monthly Sales Summary
Sunday, September 1, 2019
Units Total Volume
August 2019
Region
District
Grand Totals 661 $453,123,634
9 $1,405,132Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
Victoria 2 $1,560,000
Central Saanich 2 $664,000
North Saanich 3 $1,760,000
Colwood 1 $240,000
Langford 6 $2,429,270
Sooke 3 $918,400
Total Greater Victoria 17 $7,571,670
Other Areas
Gulf Islands 6 $1,987,000
Total Other Areas 6 $1,987,000
Total Lots & Acreage (Incl Wtrfrnt) 23 $9,558,670
3
Victoria Real Estate Board Multiple Listing Service ®

19. Active Listings, New Listings and Sales August 2019
Sunday, September 01, 2019
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
3,000
3,200
3,400
3,600
3,800
4,000
Aug2017
Sep2017
Oct2017
Nov2017
Dec2017
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Total Active MLS® Listings
Total Ne MLS® Listings and Total MLS® Sales
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Aug2017
Sep2017
Oct2017
Nov2017
Dec2017
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Total New MLS® Listings and Total MLS® Sales
Listings Sales
Victoria Real Estate Board Multiple Listing Service ®

20. Sales to Active Listings Ratio August 2019
Sunday, September 01, 2019
10%
20%
30%
40%
50%
60%
70%
80%
90%
Aug2017
Sep2017
Oct2017
Nov2017
Dec2017
Jan2018
Feb2018
Mar2018
Apr2018
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
Victoria Real Estate Board Multiple Listing Service ®
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)

21. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Single Family - Residential
Units Listed 364
Units Sold 287
Sell/List Ratio 79
Sales Dollars $243,508,314
Average Price / Unit $848,461
Price Ratio 98
Days To Sell 48
Active Listings at Month End 889
%
%
418
246
59
$204,574,834
$831,605
98
39
890
%
%
-13
17
19
2
24
0
%
%
%
%
%
%
3896
2201
56
$1,811,183,063
$822,891
98
40
%
%
3875
2192
57
$1,855,370,694
$846,428
99
32
%
%
1
0
-2
-3
28
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 38
Units Sold 19
Sell/List Ratio 50
Sales Dollars $23,924,871
Average Price / Unit $1,259,204
Price Ratio 96
Days To Sell 55
Active Listings at Month End 210
%
%
26
14
54
$32,230,000
$2,302,143
94
60
173
%
%
46
36
-26
-45
-9
21
%
%
%
%
%
%
349
120
34
$156,079,532
$1,300,663
95
87
%
%
324
115
35
$188,549,710
$1,639,563
95
68
%
%
8
4
-17
-21
28
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 45
Units Sold 28
Sell/List Ratio 62
Sales Dollars $27,379,520
Average Price / Unit $977,840
Price Ratio 96
Days To Sell 80
Active Listings at Month End 187
%
%
45
21
47
$19,520,635
$929,554
97
77
163
%
%
0
33
40
5
5
15
%
%
%
%
%
%
397
178
45
$166,183,991
$933,618
96
72
%
%
413
211
51
$202,563,383
$960,016
97
58
%
%
-4
-16
-18
-3
25
%
%
%
%
%
Condo Apartment
Units Listed 317
Units Sold 203
Sell/List Ratio 64
Sales Dollars $99,764,528
Average Price / Unit $491,451
Price Ratio 98
Days To Sell 44
Active Listings at Month End 626
%
%
227
195
86
$90,806,222
$465,673
99
35
378
%
%
40
4
10
6
26
66
%
%
%
%
%
%
2518
1517
60
$710,042,663
$468,057
98
39
%
%
2248
1578
70
$734,185,939
$465,264
99
26
%
%
12
-4
-3
1
49
%
%
%
%
%
1Victoria Real Estate Board Multiple Listing Service ®

22. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Row/Townhouse
Units Listed 117
Units Sold 59
Sell/List Ratio 50
Sales Dollars $36,381,600
Average Price / Unit $616,637
Price Ratio 99
Days To Sell 53
Active Listings at Month End 248
%
%
117
59
50
$35,805,497
$606,873
99
37
215
%
%
0
0
2
2
45
15
%
%
%
%
%
%
1000
556
56
$337,294,230
$606,644
98
39
%
%
862
584
68
$344,121,826
$589,250
100
32
%
%
16
-5
-2
3
23
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 2
%
%
2
1
50
$595,000
$595,000
100
15
1
%
%
-50
-100
-100
100
%
%
%
%
%
%
2
0
0
$0
%
%
4
2
50
$1,040,000
$520,000
100
15
%
%
-50
-100
-100
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 9
Units Sold 12
Sell/List Ratio 133
Sales Dollars $6,217,000
Average Price / Unit $518,083
Price Ratio 98
Days To Sell 36
Active Listings at Month End 18
%
%
12
16
133
$10,777,600
$673,600
98
42
24
%
%
-25
-25
-42
-23
-13
-25
%
%
%
%
%
%
89
60
67
$36,820,840
$613,681
98
48
%
%
111
71
64
$44,504,600
$626,825
100
32
%
%
-20
-15
-17
-2
47
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 3
Units Sold 2
Sell/List Ratio 67
Sales Dollars $1,290,500
Average Price / Unit $645,250
Price Ratio 100
Days To Sell 36
Active Listings at Month End 5
%
%
2
2
100
$1,397,000
$698,500
100
6
2
%
%
50
0
-8
-8
492
150
%
%
%
%
%
%
26
16
62
$11,028,500
$689,281
98
36
%
%
17
14
82
$8,700,795
$621,485
101
23
%
%
53
14
27
11
58
%
%
%
%
%
2Victoria Real Estate Board Multiple Listing Service ®

23. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Recreational
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Sales Dollars $166,000
Average Price / Unit $55,333
Price Ratio 81
Days To Sell 195
Active Listings at Month End 20
%
%
2
3
150
$516,000
$172,000
96
118
19
%
%
0
0
-68
-68
66
5
%
%
%
%
%
%
32
15
47
$1,786,100
$119,073
92
77
%
%
28
15
54
$1,355,500
$90,367
92
149
%
%
14
0
32
32
-48
%
%
%
%
%
Manufactured Home
Units Listed 15
Units Sold 16
Sell/List Ratio 107
Sales Dollars $3,527,499
Average Price / Unit $220,469
Price Ratio 95
Days To Sell 60
Active Listings at Month End 44
%
%
23
12
52
$4,193,400
$349,450
99
63
49
%
%
-35
33
-16
-37
-4
-10
%
%
%
%
%
%
162
116
72
$24,426,287
$210,571
95
54
%
%
148
102
69
$25,389,800
$248,920
98
48
%
%
9
14
-4
-15
13
%
%
%
%
%
Residential Lot
Units Listed 37
Units Sold 19
Sell/List Ratio 51
Sales Dollars $7,621,670
Average Price / Unit $401,141
Price Ratio 96
Days To Sell 114
Active Listings at Month End 184
%
%
53
5
9
$1,599,400
$319,880
93
147
178
%
%
-30
280
377
25
-23
3
%
%
%
%
%
%
288
101
35
$31,982,140
$316,655
95
136
%
%
295
78
26
$26,379,998
$338,205
98
126
%
%
-2
29
21
-6
8
%
%
%
%
%
Residential Lot - Waterfront
Units Listed 8
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 28
%
%
3
1
33
$250,000
$250,000
89
75
26
%
%
167
-100
-100
8
%
%
%
%
%
%
38
10
26
$6,115,944
$611,594
95
269
%
%
35
14
40
$11,796,900
$842,636
94
62
%
%
9
-29
-48
-27
332
%
%
%
%
%
3Victoria Real Estate Board Multiple Listing Service ®

24. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Residential Acreage
Units Listed 11
Units Sold 3
Sell/List Ratio 27
Sales Dollars $1,582,000
Average Price / Unit $527,333
Price Ratio 95
Days To Sell 71
Active Listings at Month End 92
%
%
12
6
50
$2,391,000
$398,500
92
124
97
%
%
-8
-50
-34
32
-43
-5
%
%
%
%
%
%
118
35
30
$19,806,500
$565,900
93
146
%
%
150
59
39
$26,767,288
$453,683
93
130
%
%
-21
-41
-26
25
12
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $355,000
Average Price / Unit $355,000
Price Ratio 94
Days To Sell 22
Active Listings at Month End 30
%
%
1
2
200
$1,390,000
$695,000
74
86
37
%
%
200
-50
-74
-49
-74
-19
%
%
%
%
%
%
32
9
28
$16,880,000
$1,875,556
96
267
%
%
45
13
29
$12,350,000
$950,000
93
107
%
%
-29
-31
37
97
150
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 7
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 19
%
%
4
1
25
$1,100,000
$1,100,000
92
117
11
%
%
75
-100
-100
73
%
%
%
%
%
%
34
9
26
$8,711,800
$967,978
97
39
%
%
50
19
38
$19,795,400
$1,041,863
96
41
%
%
-32
-53
-56
-7
-5
%
%
%
%
%
Revenue - Multi Unit
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Sales Dollars $1,150,000
Average Price / Unit $1,150,000
Price Ratio 92
Days To Sell 102
Active Listings at Month End 6
%
%
1
0
0
$0
12
%
%
100
-50
%
%
%
%
%
%
13
5
38
$7,638,000
$1,527,600
96
77
%
%
21
5
24
$8,995,000
$1,799,000
99
43
%
%
-38
0
-15
-15
77
%
%
%
%
%
4Victoria Real Estate Board Multiple Listing Service ®

25. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
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 2
%
%
0
1
$2,000,000
$2,000,000
93
72
6
%
%
-100
-100
-67
%
%
%
%
%
%
8
3
38
$11,280,000
$3,760,000
93
89
%
%
11
4
36
$8,910,000
$2,227,500
97
53
%
%
-27
-25
27
69
70
%
%
%
%
%
Revenue - Commercial
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $255,000
Average Price / Unit $255,000
Price Ratio 93
Days To Sell 268
Active Listings at Month End 38
%
%
3
0
0
$0
24
%
%
0
58
%
%
%
%
%
%
59
22
37
$12,399,120
$563,596
94
103
%
%
36
14
39
$94,486,876
$6,749,063
558
247
%
%
64
57
-87
-92
-58
%
%
%
%
%
Revenue - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
2
1
50
$249,000
$249,000
100
21
%
%
0
0
$0
%
%
%
%
%
%
%
Business with Land & Building
Units Listed 4
Units Sold 2
Sell/List Ratio 50
Sales Dollars $28
Average Price / Unit $14
Price Ratio
Days To Sell 110
Active Listings at Month End 28
%
%
5
6
120
$4,914,039
$819,007
96
215
30
%
%
-20
-67
-100
-100
-49
-7
%
%
%
%
%
%
38
11
29
$6,770,087
$615,462
106
133
%
%
43
21
49
$17,644,024
$840,192
96
143
%
%
-12
-48
-62
-27
-7
%
%
%
%
%
5Victoria Real Estate Board Multiple Listing Service ®

26. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Business Only
Units Listed 6
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 71
%
%
8
2
25
$50,000
$25,000
56
83
86
%
%
-25
-100
-100
-17
%
%
%
%
%
%
94
22
23
$1,821,500
$82,795
73
106
%
%
115
19
17
$1,559,805
$82,095
76
74
%
%
-18
16
17
1
44
%
%
%
%
%
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 1
%
%
0
0
$0
1
%
%
0
%
%
%
%
%
%
1
0
0
$0
%
%
2
0
0
$0
%
%
-50 %
%
%
%
%
Lease - Office
Units Listed 6
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 21
%
%
3
0
0
$0
27
%
%
100
-22
%
%
%
%
%
%
35
10
29
$200
$20
183
%
%
34
7
21
$1,599
$228
107
144
%
%
3
43
-88
-91
27
%
%
%
%
%
Lease - Retail
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Sales Dollars $57
Average Price / Unit $29
Price Ratio
Days To Sell 137
Active Listings at Month End 25
%
%
2
0
0
$0
18
%
%
-50
39
%
%
%
%
%
%
31
8
26
$173
$22
3
117
%
%
18
3
17
$2,329
$776
101
146
%
%
72
167
-93
-97
-20
%
%
%
%
%
6Victoria Real Estate Board Multiple Listing Service ®

27. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
1
0
0
$0
%
%
0
0
$0
%
%
%
%
%
%
%
Lease - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
2
%
%
-100
%
%
%
%
%
%
1
1
100
$9
$9
45
%
%
2
0
0
$0
%
%
-50 %
%
%
%
%
Lease - Other
Units Listed 4
Units Sold 3
Sell/List Ratio 75
Sales Dollars $47
Average Price / Unit $16
Price Ratio
Days To Sell 244
Active Listings at Month End 25
%
%
3
0
0
$0
38
%
%
33
-34
%
%
%
%
%
%
35
13
37
$259
$20
164
%
%
31
5
16
$393,261
$78,652
13331
151
%
%
13
160
-100
-100
9
%
%
%
%
%
Commercial Land
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 17
%
%
0
1
$1,400,000
$1,400,000
93
48
12
%
%
-100
-100
42
%
%
%
%
%
%
23
2
9
$1,520,000
$760,000
84
250
%
%
16
1
6
$1,400,000
$1,400,000
93
48
%
%
44
100
9
-46
421
%
%
%
%
%
7Victoria Real Estate Board Multiple Listing Service ®

28. Monthly Comparative Activity By Property Type
September 1, 2019
August 2019
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Units Listed 1006
Units Sold 661
Sell/List Ratio 66
Sales Dollars $453,123,634
Average Price / Unit $685,512
Price Ratio 98
Days To Sell 53
Active Listings at Month End 2838
%
%
Grand Totals
972
594
61
$415,510,627
$699,513
97
44
2519
%
%
3
11
9
-2
21
13
%
%
%
%
%
%
9322
5041
54
$3,380,019,937
$670,506
98
48
%
%
8934
5146
58
$3,636,264,727
$706,620
101
37
%
%
4
-2
-7
-5
29
%
%
%
%
%
8Victoria Real Estate Board Multiple Listing Service ®