The Victoria real estate market experienced an active summer with property sales up significantly from August 2019. A total of 979 properties sold in August 2020, which was 48.1% higher than August 2019. Sales of both single family homes and condominiums increased substantially compared to the previous year. While demand was high, active listings decreased by 8.9% from August 2019, which increased competition for desirable properties. The real estate board president noted that the market remains challenging to analyze due to the unique factors of the pandemic, and the fall market will depend on new inventory levels and how the community manages COVID-19 impacts.
Sales of single family homes in the Victoria area increased 15.5% in August 2019 compared to August 2018, while condo sales rose 4.1%. The number of active listings decreased 12.7% year-over-year. Median home prices were mixed - the benchmark price for single family homes fell 4.6% to $847,300, while the condo benchmark price rose 2.9% to $518,100. The real estate board president noted stable pricing overall with entry-level homes selling quickly when priced right and higher-end properties moving more slowly.
Victoria Real Estate Board 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 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.
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
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 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.
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.
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 single family homes in the Victoria area increased 15.5% in August 2019 compared to August 2018, while condo sales rose 4.1%. The number of active listings decreased 12.7% year-over-year. Median home prices were mixed - the benchmark price for single family homes fell 4.6% to $847,300, while the condo benchmark price rose 2.9% to $518,100. The real estate board president noted stable pricing overall with entry-level homes selling quickly when priced right and higher-end properties moving more slowly.
Victoria Real Estate Board 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 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.
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
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 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.
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.
Victoria Real Estate Board April 2021 StatisticsVicky Aulakh
Sales of residential properties in the Victoria Real Estate Board region continued at a near record pace in May 2021. A total of 1,049 properties sold, 129.5% more than in May 2020 but 6% fewer than in April 2021. Inventory levels remained very low with 1,450 active listings, a 43% decline from May 2020. The benchmark value of a single family home in Victoria increased 17% year-over-year to $1,036,100, while the benchmark value for a condominium rose 5.2% to $526,000. Demand for housing in Victoria remains strong while low inventory puts upward pressure on prices.
Victoria Real Estate Board Statistics - November 2021VickyAulakh1
The Victoria real estate market saw fewer home sales in November 2021 compared to the previous year and month. While demand remains strong, the low inventory of available homes is putting upward pressure on home prices. The average price of a single-family home increased 24.2% year-over-year in the Victoria Core area. Real estate officials say increasing housing supply is needed to relieve market pressures, but government policies have focused on demand-side measures without industry input.
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 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 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 June 2021 StatisticsVicky Aulakh
The real estate market in Victoria continues to see low inventory and strong demand in June 2021. Sales of properties increased 16.6% from June 2020 while listings decreased 49% in the same period. Benchmark home prices rose significantly, with single family homes increasing 18.6% and condominiums rising 8.3% compared to June 2020. The president of the Victoria Real Estate Board commented that shrinking inventory is having a strong impact on rising year-over-year prices, and various factors will need to be monitored as the summer market unfolds.
The Victoria Real Estate 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.
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.
- 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 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.
Victoria Real Estate Board Statistics February 2020Vicky Aulakh
The Victoria real estate market saw a significant increase in property sales in February 2020 compared to the previous year. A total of 563 properties were sold, up 33.7% from February 2019. Sales of both condominiums and single family homes increased substantially. Inventory remained low with over 2,000 active listings, well below the 10-year average of 3,007 for the month. Home prices also increased, with benchmark home prices up 3.5% for single family homes and 4.7% for condominiums compared to the previous year. The president of the Victoria Real Estate Board attributed the strong sales to an early arrival of the spring market.
The Victoria Real Estate Board reported on the July 2019 real estate market statistics for Greater Victoria. Sales increased 8.4% from July 2018 with 706 properties sold. Condominium sales rose 14.4% while single family home sales increased 2.1%. The benchmark price for single family homes decreased 3.4% compared to July 2018, while the condo benchmark price rose 3%. Overall, the real estate market remains fairly active despite summer vacations, with strong interest in entry-level homes and competitively priced properties.
December 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
Sales of residential properties in the Victoria Real Estate Board region increased significantly in October 2020 compared to the previous year. A total of 990 properties sold in October 2020, up 59.9% from October 2019. Both condominium and single family home sales saw large increases. However, active listings continued to decline, down 19.7% from the previous year. This high demand and low supply environment has led to many multiple offer situations and upward pressure on home prices.
The Victoria Real Estate Board report summarizes real estate market statistics for September 2019. It found that total home sales increased 15.6% from September 2018 but decreased 6.8% from August 2019. Condo sales significantly increased 48.3% year-over-year while single family home sales slightly decreased 1.1%. Home prices varied by property type, with condo prices increasing 1.6% year-over-year while single family home prices in the core region decreased 3.6%. Inventory remained low overall, creating challenges for some buyers. The report concludes more buyers are opting for condos and townhomes given price points are often lower than single family homes.
Victoria Real Estate Board 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.
Victoria Real Estate Board June 2020 StatsVicky Aulakh
- In June 2020, 808 properties sold in the Victoria Real Estate Board region, up 9.2% from June 2019. Sales of single family homes increased 16.8% while condo sales decreased 3.2%.
- There were 2,698 active listings at the end of June, down 11.3% from June 2019.
- The real estate market is being impacted by multiple factors related to the COVID-19 pandemic, including an eviction order, changes to CMHC mortgage insurance, and ongoing low inventory levels.
December 2020 Victoria Real Estate Board StatisticsVicky Aulakh
The Victoria real estate market saw record sales in 2020, with a total of 8,497 properties sold, up 17.1% from 2019. While sales increased, inventory decreased significantly, with only 1,279 active listings at the end of December 2020, down 29.5% from the previous month and 34.5% from the previous year. This represents the lowest inventory levels in at least 25 years, putting upward pressure on home prices. The benchmark price of a single-family home in Victoria increased 6.8% year-over-year to $915,100 in December 2020.
The 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.
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.
- Real estate activity in Victoria picked up in May as restrictions from the COVID-19 pandemic began to ease, with 457 properties sold, up 59.2% from April but down 46.1% from May 2019.
- The benchmark price of a single-family home in Victoria increased 2.6% year-over-year to $885,400 in May, while the benchmark price for a condo increased 3.5% to $534,300.
- There were 2,544 active listings in May, up 10.4% from April but down 15.7% from May 2019, as the real estate market responds to restrictions being gradually lifted.
Sales of residential properties in the Victoria Real Estate Board region were significantly lower in April 2020 compared to the previous year, with sales down 58.8% overall. Sales of single family homes were down 55.8% and condominium sales were down 64%. The number of active listings also declined compared to the previous year, though they increased slightly from the previous month. The Victoria real estate market continues to be impacted by the COVID-19 pandemic, with lower sales, a decrease in new listings, and buyers and sellers waiting to see how the pandemic progresses locally. Home prices in the Victoria area increased from the previous year, with single family home benchmark prices up 4.6% and condo benchmark prices up 3.5%.
Victoria Real Estate Board Statistics - November 2021VickyAulakh1
The Victoria real estate market saw fewer home sales in November 2021 compared to the previous year and month. While demand remains strong, the low inventory of available homes is putting upward pressure on home prices. The average price of a single-family home increased 24.2% year-over-year in the Victoria Core area. Real estate officials say increasing housing supply is needed to relieve market pressures, but government policies have focused on demand-side measures without industry input.
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 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 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 June 2021 StatisticsVicky Aulakh
The real estate market in Victoria continues to see low inventory and strong demand in June 2021. Sales of properties increased 16.6% from June 2020 while listings decreased 49% in the same period. Benchmark home prices rose significantly, with single family homes increasing 18.6% and condominiums rising 8.3% compared to June 2020. The president of the Victoria Real Estate Board commented that shrinking inventory is having a strong impact on rising year-over-year prices, and various factors will need to be monitored as the summer market unfolds.
The Victoria Real Estate 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.
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.
- 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 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.
Victoria Real Estate Board Statistics February 2020Vicky Aulakh
The Victoria real estate market saw a significant increase in property sales in February 2020 compared to the previous year. A total of 563 properties were sold, up 33.7% from February 2019. Sales of both condominiums and single family homes increased substantially. Inventory remained low with over 2,000 active listings, well below the 10-year average of 3,007 for the month. Home prices also increased, with benchmark home prices up 3.5% for single family homes and 4.7% for condominiums compared to the previous year. The president of the Victoria Real Estate Board attributed the strong sales to an early arrival of the spring market.
The Victoria Real Estate Board reported on the July 2019 real estate market statistics for Greater Victoria. Sales increased 8.4% from July 2018 with 706 properties sold. Condominium sales rose 14.4% while single family home sales increased 2.1%. The benchmark price for single family homes decreased 3.4% compared to July 2018, while the condo benchmark price rose 3%. Overall, the real estate market remains fairly active despite summer vacations, with strong interest in entry-level homes and competitively priced properties.
December 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
Sales of residential properties in the Victoria Real Estate Board region increased significantly in October 2020 compared to the previous year. A total of 990 properties sold in October 2020, up 59.9% from October 2019. Both condominium and single family home sales saw large increases. However, active listings continued to decline, down 19.7% from the previous year. This high demand and low supply environment has led to many multiple offer situations and upward pressure on home prices.
The Victoria Real Estate Board report summarizes real estate market statistics for September 2019. It found that total home sales increased 15.6% from September 2018 but decreased 6.8% from August 2019. Condo sales significantly increased 48.3% year-over-year while single family home sales slightly decreased 1.1%. Home prices varied by property type, with condo prices increasing 1.6% year-over-year while single family home prices in the core region decreased 3.6%. Inventory remained low overall, creating challenges for some buyers. The report concludes more buyers are opting for condos and townhomes given price points are often lower than single family homes.
Victoria Real Estate Board 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.
Victoria Real Estate Board June 2020 StatsVicky Aulakh
- In June 2020, 808 properties sold in the Victoria Real Estate Board region, up 9.2% from June 2019. Sales of single family homes increased 16.8% while condo sales decreased 3.2%.
- There were 2,698 active listings at the end of June, down 11.3% from June 2019.
- The real estate market is being impacted by multiple factors related to the COVID-19 pandemic, including an eviction order, changes to CMHC mortgage insurance, and ongoing low inventory levels.
December 2020 Victoria Real Estate Board StatisticsVicky Aulakh
The Victoria real estate market saw record sales in 2020, with a total of 8,497 properties sold, up 17.1% from 2019. While sales increased, inventory decreased significantly, with only 1,279 active listings at the end of December 2020, down 29.5% from the previous month and 34.5% from the previous year. This represents the lowest inventory levels in at least 25 years, putting upward pressure on home prices. The benchmark price of a single-family home in Victoria increased 6.8% year-over-year to $915,100 in December 2020.
The 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.
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.
- Real estate activity in Victoria picked up in May as restrictions from the COVID-19 pandemic began to ease, with 457 properties sold, up 59.2% from April but down 46.1% from May 2019.
- The benchmark price of a single-family home in Victoria increased 2.6% year-over-year to $885,400 in May, while the benchmark price for a condo increased 3.5% to $534,300.
- There were 2,544 active listings in May, up 10.4% from April but down 15.7% from May 2019, as the real estate market responds to restrictions being gradually lifted.
Sales of residential properties in the Victoria Real Estate Board region were significantly lower in April 2020 compared to the previous year, with sales down 58.8% overall. Sales of single family homes were down 55.8% and condominium sales were down 64%. The number of active listings also declined compared to the previous year, though they increased slightly from the previous month. The Victoria real estate market continues to be impacted by the COVID-19 pandemic, with lower sales, a decrease in new listings, and buyers and sellers waiting to see how the pandemic progresses locally. Home prices in the Victoria area increased from the previous year, with single family home benchmark prices up 4.6% and condo benchmark prices up 3.5%.
The Victoria real estate market saw a slight increase in home sales and inventory in October 2019 compared to the previous year. Total home sales increased 3.5% from October 2018 despite a 1.1% drop in condo sales. Active listings rose 5.3% year-over-year but inventory remains constrained, putting upward pressure on home prices in desirable areas and neighborhoods. The benchmark price of a single-family home in Victoria's core decreased 2.4% from October 2018 while the condo benchmark price rose 1.7% over the same period.
Victoria Real Estate Board Stats Nov 19 Vicky Aulakh
The Victoria Real Estate market remains competitive with sales up in November 2019 compared to the previous year. While total listings decreased slightly year-over-year, demand continues to outpace supply, especially for lower to mid-priced homes. This is pushing up prices, making it challenging for buyers. The benchmark home price for single family homes decreased slightly while the condo benchmark price increased over the past year. An adequate understanding of market trends and pricing is important for buyers and sellers to have success in the current competitive environment.
The Victoria Real Estate Board reported on the June 2019 real estate market. They reported that 740 properties sold in June, a 4.5% increase from June 2018. Sales of single family homes increased 10.4% from June 2018, while condo sales decreased 6.1%. There were 3,040 active listings at the end of June, a 17.1% increase from June 2018. The benchmark price of a single family home in Victoria decreased 4.3% compared to June 2018, while the benchmark price for a condo increased 2.97%. The president of the board noted that the summer months typically see less real estate activity and that the new first-time home buyer incentive program may provide a slight boost to
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 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.
Sales of single-family homes and condominiums in the Victoria real estate market decreased substantially in July 2022 compared to the previous year. There were 2,162 active property listings at the end of July, a 70% increase from July 2021. The president of the Victoria Real Estate Board said the slowdown in the market has created a calmer environment for buyers and sellers to make decisions. Home price indexes showed price increases from July 2021 to July 2022 but declines month-over-month, indicating fluctuations in the market due to higher interest rates and inflation.
The Victoria Real Estate Board reported on the June 2022 housing market in Victoria, BC. Sales decreased 35% from June 2021 with 612 properties sold. Inventory increased nearly 50% to 2,059 active listings. While rising inventory is improving choice for buyers, the President of VREB stressed the continued need for new housing supply to ensure long-term affordability given demand drivers like population growth. Benchmark home prices rose 23.6% for single-family homes and 29.7% for condos compared to June 2021.
Sales of properties in the Victoria region increased in May 2023 compared to the previous year. Single family home sales rose 8.7% while condo sales fell slightly. While total inventory rose over the past month and year, ongoing low inventory risks returning the market to an overheated state with upward pressure on prices if more listings are not added. Benchmark home prices in the Victoria area decreased between 8-9% from May 2022 levels according to the MLS HPI, though remain up slightly from April 2023.
Sales of single-family homes and condominiums in the Victoria area decreased in February 2023 compared to the previous year. While prices are down from January 2023, the real estate market saw increased buyer confidence and more stable pricing. Inventory levels rose significantly compared to February 2022, providing more opportunities for buyers but keeping demand high with low inventory overall. The real estate board chair observed the market is in a less pressured environment than recent years.
Victoria Real Estate Board September 2022 Statistics VickyAulakh1
Sales of residential properties in the Victoria real estate market 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 831 properties sold in August 2021. There were 2,137 active listings for sale at the end of August 2022, a 90.8% increase from the 1,120 listings in August 2021. The president of the Victoria Real Estate Board commented that after two years of a strong sellers' market, sales have diminished in recent months as inventory levels have slowly increased, moving the market towards a more balanced state.
April 2023 Victoria Real Estate Board Statistics Package with Charts & Graphs. Not enough growth in inventory means spring market sales slow. A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent from April 2022 with 205 units sold. Sales of single family homes decreased 19.4 per cent from April 2022 with 325 sold.
The document provides monthly statistics for the Central Okanagan region for May 2023. It includes information on listings, sales, prices and inventory for various property types by zone. A total of 1,151 properties were listed, down 11% from last year. 599 properties were sold, up 2% from last year. The average sales price was $511 million, down slightly from last year. Overall inventory levels were up 26% from the previous year.
Fraser Valley Real Estate Board May 2023 Statistics Package with charts and graphs. Delayed spring activity boosts supply of property listings in the Fraser Valley. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per cent) than the ten-year average for the region. A welcome trend towards alleviating housing supply issues.
The document provides real estate market statistics for Metro Vancouver in July 2022 compared to the previous year. Total active listings decreased for detached homes, condos, and townhomes compared to July 2021. Sales also decreased significantly across all property types year-over-year. The average days on market either remained the same or decreased slightly. The MLS benchmark price, which measures the typical home price in the region, increased between 11-18% across detached homes, condos, and townhomes compared to July 2021.
- Housing sales in the Fraser Valley region of BC dropped again in July 2022, falling 22.5% from the previous month and 50.5% from July 2021, as rising interest rates cooled the real estate market. The average price of homes sold also declined for the fourth straight month.
- While housing prices remain up compared to a year ago, increased listings have brought the market closer to balance. Benchmark prices dropped most for detached homes, falling 3.5% from the previous month.
- With ongoing interest rate hikes expected, real estate professionals advise buyers and sellers to seek expert guidance when making important purchasing decisions. The market remains fluid as rates continue to impact supply and demand dynamics.
Home sales in Metro Vancouver decreased significantly in July 2022 compared to the previous year and month. The housing market is entering a new phase with slower demand from buyers and a gradual rise in homes listed for sale. This has allowed home prices to edge downward over the last three months and given buyers more choice and time to make decisions. Benchmark home prices increased from July 2021 but decreased slightly from June 2022 across most property types in the region.
Residential home sales in British Columbia decreased 35.7% in June 2022 compared to June 2021, while the average home price rose 4.6%. Total home sales dollar volume declined 32.8% year-over-year. The BCREA chief economist noted that high mortgage rates are making it increasingly difficult for potential buyers to satisfy demand, slowing sales activity across the province. While listings rose 16.4% from a year ago, some markets have shifted to a balanced or buyers' market as rates push buyers to the sidelines.
This document provides monthly real estate statistics for the Central Okanagan region of British Columbia for June 2022. Some key details include:
- Total listings were up 31.14% from last June to 1,373 while sales were down 46.38% to 422.
- The average price was down 44.01% from last June to $353,566,750, with days to sell averaging 34 days.
- By property type, residential unit sales saw the largest decrease of 53.22% to 160 units sold, while apartment sales dropped 50.49% to 102 units.
- Year-to-date totals show listings up 6.86% but sales down 28.63%,
The document provides monthly statistics for the Central Okanagan region for May 2022. It includes information on listings, sales, prices and inventory for various property types by zone. Key figures show a 13.4% increase in listings but a 29.1% decrease in sales compared to last year. The average and median prices decreased 23.5% and 21.6% respectively from May 2021. Total active listings were up 65.2% from the previous month.
- Housing sales in the Fraser Valley fell for the third straight month in June 2022, with a 5.8% decrease from May and a 43% decrease from June 2021. Prices also continued to soften across all property types.
- The average days to sell a single-family home was 21 days, while townhomes took 19 days and apartments took 17 days. Benchmark prices decreased month-over-month across all property types.
- With interest rates rising to a decade high and prices still up over 20% year-over-year, realtors expect sales to continue declining in the near term as affordability challenges mount for buyers.
The document summarizes May 2022 real estate market statistics for the Fraser Valley region of British Columbia. It reports that home sales decreased 16.9% month-over-month and 53.9% year-over-year in May. Active listings increased 5.4% year-over-year and 14.8% from April, restoring balance to the market. Benchmark home prices decreased for the first time since 2019 for detached homes, townhomes, and apartments in May.
The housing market in Metro Vancouver has returned to more typical seasonal levels in the spring of 2022, with home sale activity decreasing 31.6% from May 2021 levels due to rising interest rates. The benchmark home price for all residential properties in Metro Vancouver is $1,261,100, a 14.7% increase from May 2021 but a 0.3% decrease from April 2022. While upward pressure on home prices has begun to ease over the last two months, housing supply needs to more than double to bring the market close to balanced.
Sales of real estate properties in the Greater Victoria region slowed in May 2022 compared to the previous year. A total of 761 properties were sold, down 27.5% from May 2021. Both single-family home sales and condominium sales decreased from the previous year by 31.7% and 23.1%, respectively. While inventory levels remained below historical averages, the amount of active listings increased both month-over-month and year-over-year in May 2022. Home prices in the Victoria area continued rising, with benchmark single-family home values up 23.8% and condominium values up 27.9% compared to May 2021.
The Okanagan Real Estate April 2022 StatisticsVicky Aulakh
This document provides monthly statistics for the Central Okanagan region for April 2022. It includes information on listings, sales, prices and inventory across several zones in the region for both the current month and year-to-date. Key figures show a decline in unit sales of 34.9% from last April but prices remained stable. Inventory levels increased 8.32% from the previous year indicating a slower market.
- Property sales in the Fraser Valley decreased over 35% in April 2022 compared to March 2022, marking the first time monthly sales have fallen below the 10-year average since June 2020.
- Total active inventory in April was 5,387, a 14.6% increase from March. Benchmark home prices increased between 0.2-1.8% across property types compared to March 2022.
- Interest rate hikes to stem inflation will put added financial burden on homebuyers and likely slow price growth, but do little to address low housing inventory issues in the region.
Home sales in Metro Vancouver returned to more typical levels in April 2022, decreasing 34.1% from April 2021. Total home listings increased 15.3% from March 2022, providing more options for buyers. The benchmark home price rose 1% from March to $1,374,500, an increase of 18.9% over April 2021. Detached home sales fell 41.9% year-over-year while the benchmark price rose 20.8% to $2,139,200.
- Home sales in BC continued to moderate from record highs in March 2021, with residential unit sales down 24.1% and total sales dollar volume down 12.1% from the same period last year.
- The average residential home price in BC rose 15.7% to $1.096 million in March 2022 compared to March 2021.
- BCREA's chief economist expects housing activity in BC will slow further in the second half of 2022 given rising mortgage rates and expected tightening from the Bank of Canada.
The document provides monthly statistics for the Central Okanagan region for March 2022. It includes information on listings, sales, prices and inventory totals for various property types by zone. Some key figures are:
- Total listings were down 16.4% from last year to 1,277
- Sales were down 33.3% to 692 units
- Total sales volume was down 13% to $665 million
- Average days to sell a property was 52 days
- Active listings finished the month at 1,446, down 12.5% from the previous year.
- Sales of residential and commercial properties in the Fraser Valley decreased 22.5% in March 2022 compared to March 2021 but increased 41.4% compared to February 2022. New listings also increased compared to the previous month.
- While sales and new listings decreased compared to the previous year, total active inventory increased compared to last month but remained lower than March 2021 levels. Benchmark home prices continued to rise month-over-month across all property types.
- The increases in new listings and inventory were seen as positive signs that could help slow price growth, but the market was still seen as imbalanced due to lack of housing supply. Interest rate hikes were also expected to impact new homebuyers more than other
February 2022 Okanagan Real Estate Board Statistics Package With Charts & GraphsVicky Aulakh
The document provides monthly statistics for real estate activity in February 2022 in the Central Okanagan region of British Columbia. It includes information on listings, sales, prices and inventory broken down by property type and geographical area. Specifically, it shows that in February 2022, there were 792 total listings, 609 sales, and average and median sale prices of $562 million and $1.25 million respectively across the region.
Fraser Valley Real Estate Board February 2022Vicky Aulakh
The Fraser Valley Real Estate Board (FVREB) reported record high new property listings in February 2022. New listings increased 75% compared to January and 15% compared to February 2021. Total home sales decreased 35% compared to February 2021 but were 39% higher than January 2022. While inventory is still low, the recent increases in new listings provide hope that more choices for buyers may soften the hot real estate market. Home prices continued rising substantially across all property types in the Fraser Valley region.
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VREB August 2020 Stats
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
September 1, 2020
Victoria real estate market experiences an active summer
A total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1 per cent more than the
661 properties sold in August 2019 and exactly the same total as the previous month of July 2020. Sales of
condominiums were up 29.1 per cent from August 2019 with 262 units sold. Sales of single family homes were
up 45 per cent from August 2019 with 509 sold.
“Once again we saw a very active month in terms of property transactions,” says Victoria Real Estate Board
President Sandi-Jo Ayers. “And once again I will note that this is not a trend, but that this is our market at this
moment in time during a unique situation. It is a challenging time to define what is happening in the market given
so many factors that don’t exist in a normal year. We have been surprised by the pace of the summer market
and are grappling with the evolving socio-economic effects of the pandemic and how these underlying factors
will influence our fall real estate market.”
There were 2,584 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
August 2020, 8.9 per cent fewer properties than the total available at the end of August 2019 and a 2.6 per cent
decrease from the 2,653 active listings for sale at the end of July 2020.
“What I do know is that our business has changed a lot in recent months,” adds Ayers. “REALTORS® have
adapted to health and safety requirements and much more technology is being leveraged to facilitate all aspects
of the housing transaction. We can also see that though demand is up, there are fewer listings on the market,
which increases demand on desirable properties even more. This is why we saw a lot of competition and
multiple offers over the summer. Will this continue into fall? That will depend on how much new inventory comes
into the market and how our community continues to manage the impact of COVID-19. This is an evolving and
nuanced market. As always, it is a good time to connect with your Realtor if you’re considering selling or buying.
If you need us, we are here.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
August 2019 was $849,500. The benchmark value for the same home in August 2020 increased by 4.7 per cent
to $889,200, 2.3 per cent less than July’s value of $909,700. The MLS® HPI benchmark value for a
condominium in the Victoria Core in August 2019 was $518,000, while the benchmark value for the same
condominium in August 2020 decreased by 0.8 per cent to $513,900, 3.2 per cent less than the July value of
$530,800.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of
standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents
1,372 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed
information on the Victoria and area housing market.
PRESIDENT
Sandi-Jo Ayers
PRESIDENT ELECT
David Langlois
TREASURER
Karen Dinnie-Smyth
PAST PRESIDENT
Cheryl Woolley
DIRECTORS
Sheila Aujla
Robert Cole
Jackie Ngai
Graden Sol
Patrick Novotny
EXECUTIVE OFFICER
David Corey
2. Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$
August 2020
493
262
140
25
936
509
979
16
2,584
533
239
124
14
936
559
979
26
2,653
308
203
59
16
629
351
661
43
2,838
$1,002,604
$481,334
$622,407
$259,952
$998,291
$865,394
$885,000
$425,000
$573,450
$242,900
$880,000
$783,250
$1,033,706
$480,614
$589,594
$246,149
$1,021,323
$767,473
$865,000
$432,000
$549,900
$249,450
$850,000
$757,500
$870,829
$491,451
$616,637
$220,469
$861,784
$796,995
$789,900
$420,000
$569,900
$232,000
$779,000
$712,000
-7.5%
9.6%
12.9%
78.6%
0.0%
-8.9%
0.0%
-38.5%
-2.6%
60.1%
29.1%
137.3%
56.3%
48.8%
45.0%
48.1%
-62.8%
-8.9%
-3.0%
0.1%
5.6%
5.6%
-2.3%
12.8%
15.1%
-2.1%
0.9%
17.9%
15.8%
8.6%
2.3%
-1.6%
4.3%
-2.6%
3.5%
3.4%
12.0%
1.2%
0.6%
4.7%
13.0%
10.0%
July 2020 August 2019
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: 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-Sep-2020
August 2020Previous Periods Comparison
This Month Last Year
Page 1 of 1Victoria Real Estate Board Multiple Listing Service ®
August 2020
Statistics Package for Media
Victoria Real Estate Board August 2020 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values
3. The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Sep-2020
Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of
the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and demand
respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is
downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.
- below 10%, there is downward pressure on prices (buyers' market)
- above 25%, there is upward pressure on prices (sellers' market)
- in the 15-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board August 2020 Statistics
Total new MLS® listings and total MLS® sales for entire district
4. The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
Victoria Real Estate Board August 2020 Statistics
12 Months Ago
% Difference from 12 Months Ago (August 2019 to August 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB –
SF-All
Core – SF-All
Westshore – SF-All
Peninsula – SF-All
Gulf Islands – SF-All
Malahat & Area –
SF-All
6.0%
4.7%
9.3%
5.5%
0.7%
7.3%
5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board August 2020 Statistics
12 Months Ago
% Difference from 12 Months Ago (August 2019 to August 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
-0.8%
-0.5%
0.0%
5.8%
6. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
August 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
$993,600
$984,100
$983,400 $971,200
$967,700$959,900
$946,800$940,000
$927,900
$920,300
$907,900
$901,500$899,500 $884,900
$874,900 $871,900
$870,300
$864,800
$860,000
$858,700
$858,100
$853,600 $848,700
$847,800
$846,700
$839,100
$832,000
$822,100$821,000
$819,100
$816,100
$807,800
$805,800
$803,000
$799,800
$795,500
$789,300
$788,600
$785,000
$781,900
$780,500
$778,100
$777,400
$768,000
$762,900
$759,300
$759,200
$750,200
$748,100
$747,400 $745,700
$745,100
$744,000
$722,200
$721,700
$721,600
$721,500
$719,700
$717,000
$706,500
$706,400$706,400
$699,400$698,500
$694,000
$693,900 $689,300
$689,200
$685,600
$681,900
$680,800
$680,000 $678,200
$671,000
$670,200
$668,100
$664,200
$662,200
$649,600
$642,900
$638,800
$638,600
$638,000 $626,300
$625,500
$622,900
$617,300
$613,800
$610,200
$598,900 $597,600
$594,700
$591,000
$582,900
$569,300 $568,700
$567,900$560,000
$552,000
$544,100
$536,900 $536,000
$535,100
$533,100
$532,000
$527,000
$525,200$522,000
$512,200
$511,100
$487,300
$481,000
$470,300
$466,100
$458,200
$455,800
$455,400
$453,600
$438,900
$437,700
$404,900
$394,500
$370,800
$357,100
$357,000
$354,600
$349,200
$347,700
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,233,600 $1,229,800$1,213,200 $1,211,500 $1,197,700 $1,178,400
$1,022,800
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
7. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
August 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
263.0 262.4 253.9
244.9
244.2
241.6241.6
238.0 235.7
235.4
235.2
235.1
234.7
234.5
233.7
230.2
230.2 228.9
228.6
228.5
228.5228.0
226.8
226.3
226.0
226.0 225.5
225.3
224.9
224.6
224.3
224.0
223.8
223.5
222.8
222.8
222.8
220.9
220.9
220.8 220.2
220.1
219.8 219.5
219.0
218.8
218.6
218.6
218.2
218.0
217.6
217.5
217.4
217.3
217.0
216.9
216.1
216.1
215.7
215.1
214.3
214.2
213.7
213.5
212.5
212.4
211.8
211.3
210.8
210.6
210.1
208.5
208.4
207.4
207.2
206.8
206.0
205.0
203.9
202.1
201.9
201.8
201.6
201.6 201.4
200.8
200.0
199.9
199.3
199.2196.2
195.3
194.3
193.7
192.9
191.9
190.1
189.9
186.3
184.2
184.1
183.9 182.9
181.5
181.0
180.2179.1
159.6
157.9
157.2
157.2
155.9
155.3
153.4
152.4
150.9
149.0
145.9
145.0
143.4
142.5
141.4
137.7
134.8
133.8
119.3 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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
August 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
$825,900 $820,800$810,600 $785,900$780,500 $747,600
$633,600 $615,600$615,400$614,100 $613,600
$531,200
$528,700 $522,400 $519,700
$519,600$516,500 $514,300
$509,000
$506,400
$504,900$504,900
$497,600
$492,600
$488,900 $488,200
$487,200
$486,900
$486,000$482,700 $482,100$481,500
$476,900 $476,700
$474,800
$474,400$473,600$465,800
$459,900 $455,000$452,600 $447,400$446,700
$446,000
$437,200
$435,400
$434,600
$433,000 $432,100
$430,900
$429,000$426,900$426,600
$425,800$424,200
$423,100
$422,700
$416,400
$415,000$412,900$412,300
$406,400
$398,400
$388,700 $384,900$383,700
$374,900
$370,500
$369,000 $361,400
$354,100
$350,900
$338,800
$336,200
$332,800
$321,100
$312,700
$305,100
$298,300
$281,700
$263,500
$263,400
$258,600
$255,600
$253,000
$245,500
$210,400
$205,300
$203,900
$202,500
$191,500
$176,600
$171,400
$169,700
$161,300
$155,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
9. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
August 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
271.1 268.2266.8
266.0264.7264.5
264.4
263.7263.3
262.3
259.8
258.2
255.3 254.9
254.8253.3
252.6
252.2
252.1
251.3
250.4
249.6
248.4
248.3
247.9
247.6247.6
247.5
247.2
247.0
246.4
243.8
243.3243.2242.7 242.5
242.3
241.9
240.6 240.0
239.4
239.3
238.4 238.1237.8
237.1
237.0
235.0
234.1
233.8233.5
232.3 232.2
232.1
232.0
231.1230.7
230.4
229.7
226.9
225.6
225.0
221.0
220.7
218.7
215.9
215.0
211.7
207.8
206.6
198.7
192.4
166.1
163.3
156.8
155.3
152.6
152.3
149.6
149.1
147.3
147.1
139.0
131.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
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
August 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
$732,100
$717,800
$709,200 $704,600 $696,600 $694,600
$687,300
$673,500
$673,000$672,000 $670,700
$664,500
$658,900
$653,000
$646,200
$641,700
$637,200
$632,200
$632,000
$631,800
$630,500
$630,400$627,400
$626,900
$625,500
$624,000
$613,700
$613,500
$607,600 $600,600
$597,700
$595,800
$595,300$594,200 $591,700
$588,800
$587,600
$586,300
$584,200
$581,900
$581,400
$580,100
$579,800 $578,500$573,700
$573,600
$573,500
$572,900 $569,700
$568,500
$566,700
$566,300
$563,200
$557,800
$557,100
$555,900
$551,000
$547,800
$542,100
$539,300
$538,600
$538,500$537,000
$531,900
$528,600 $520,200
$516,500$510,900
$508,100$503,400 $500,600 $499,000$495,300
$490,200
$488,400
$485,000 $481,400
$477,000
$476,800
$473,600
$470,400 $466,000
$459,600
$450,800
$432,500
$419,700
$419,000
$414,500
$404,700
$398,300
$397,100
$395,300
$367,700
$359,500
$355,600
$352,900
$340,300
$334,600
$324,200
$322,600
$287,700
$278,300
$269,500
$266,600
$266,100
$261,800
$256,100
$250,100
$247,600
$245,700
$241,900
$234,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)
11. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
August 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
289.9 277.6 271.8271.4 270.9
265.7 252.8 252.1 250.1
247.9
245.3
244.4 244.1
243.4
242.7
239.8
237.9
235.0
234.1
230.6
229.2
228.7
226.9
226.6
225.5
225.2
224.6
223.5
222.9
222.6222.0
221.5
220.6
220.5
219.8
219.6
219.2
218.4
218.1
217.9
217.5 217.0
216.8
215.9
215.3
215.3
215.2
215.1
213.9213.5 212.6
211.7
211.1
208.9
208.1
204.5
203.8
202.4
202.3
199.9
199.5
197.2
196.8
194.1
194.1192.3
192.0
191.8
191.2 190.6
189.4
189.2
188.9 188.4
188.0
187.5186.5
186.2 183.7 182.0
172.7
172.2
171.4
169.2
168.9
158.8
152.0
151.5
148.3
147.8
146.8
145.9
145.4
143.6
135.1
130.0
126.6
123.9
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)
12. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Single Family-All (SF-All)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
13. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
14. Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
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
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
August 2020
District
Produced: 01-Sep-2020
Residential
Single Family Detachedl
Greater Victoria
Victoria / Victoria West 43 $47,547,981
Oak Bay 29 $40,834,458
Esquimalt 11 $9,889,000
View Royal 11 $11,132,000
Saanich East 87 $99,768,924
Saanich West 37 $35,421,851
Central Saanich 24 $26,779,900
North Saanich 33 $41,991,500
Sidney 21 $21,247,000
Highlands 6 $6,380,000
Colwood 21 $17,425,668
Langford 71 $60,298,087
Metchosin 5 $5,002,000
Sooke 50 $32,203,382
Gulf Islands 44 $38,361,967
Total Greater Victoria 493 $494,283,718
Other Areas
Malahat & Area 16 $13,846,300
Total Other Areas 16 $13,846,300
Total Single Family Detached 509 $508,130,018
Condo Apartmentl
Greater Victoria
Victoria / Victoria West 112 $54,884,050
Oak Bay 7 $3,155,000
Esquimalt 16 $8,113,600
View Royal 5 $2,490,900
Saanich East 35 $16,796,400
Saanich West 14 $6,135,400
Central Saanich 1 $469,900
North Saanich 4 $3,071,800
Sidney 17 $9,277,600
Colwood 5 $2,647,500
Langford 41 $17,135,550
Sooke 5 $1,931,900
Total Greater Victoria 262 $126,109,600
Total Condo Apartment 262 $126,109,600
Page 1 of 3Victoria Real Estate Board Multiple Listing Service ®
17. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
Row/Townhousel
Greater Victoria
Victoria / Victoria West 22 $15,300,300
Oak Bay 1 $835,000
Esquimalt 2 $1,150,000
View Royal 3 $1,637,000
Saanich East 26 $19,776,900
Saanich West 7 $4,638,500
Central Saanich 7 $4,963,700
Sidney 10 $5,978,000
Colwood 10 $6,531,736
Langford 39 $20,119,150
Sooke 10 $4,778,700
Gulf Islands 3 $1,428,000
Total Greater Victoria 140 $87,136,986
Total Row/Townhouse 140 $87,136,986
Manufactured Homel
Greater Victoria
View Royal 2 $384,888
Central Saanich 6 $1,944,900
Sidney 3 $1,348,000
Langford 7 $1,217,100
Sooke 5 $1,109,900
Gulf Islands 1 $299,000
Total Greater Victoria 24 $6,303,788
Other Areas
Malahat & Area 1 $195,000
Total Other Areas 1 $195,000
Total Manufactured Home 25 $6,498,788
Total Residential 936 $727,875,392
Page 2 of 3Victoria Real Estate Board Multiple Listing Service ®
18. Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
$752,094,418979Grand Totals
Other Property
Lots & Acreagel
Greater Victoria
Victoria / Victoria West 2 $1,730,000
Saanich East 1 $1,000,000
Saanich West 1 $626,600
North Saanich 5 $3,274,000
Sidney 1 $1,345,000
Langford 3 $908,800
Sooke 2 $760,000
Gulf Islands 13 $5,305,350
Total Greater Victoria 28 $14,949,750
Other Areas
Malahat & Area 3 $1,479,000
Total Other Areas 3 $1,479,000
Total Lots & Acreage 31 $16,428,750
-1 ($1,750,000)Commercial Landl
13 $9,540,276Other Commercial Propertiesl
Page 3 of 3Victoria Real Estate Board Multiple Listing Service ®
19. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
Residential
Single Family Detachedl
Greater Victoria
Victoria 41 $45,747,982
Victoria West 2 $1,799,999
Oak Bay 28 $37,034,458
Esquimalt 11 $9,889,000
View Royal 8 $7,677,000
Saanich East 84 $92,270,924
Saanich West 37 $35,421,851
Central Saanich 22 $22,829,900
North Saanich 28 $29,121,500
Sidney 18 $14,507,000
Highlands 6 $6,380,000
Colwood 21 $17,425,668
Langford 70 $58,968,087
Metchosin 5 $5,002,000
Sooke 46 $29,551,382
Gulf Islands 25 $17,284,586
Waterfront (all districts) 41 $63,372,381
Total Greater Victoria 493 $494,283,718
Other Areas
Malahat & Area 13 $10,579,300
Waterfront (all districts) 3 $3,267,000
Total Other Areas 16 $13,846,300
Total Single Family Detached 509 $508,130,018
Condo Apartmentl
Greater Victoria
Victoria 93 $43,702,050
Victoria West 13 $6,643,500
Oak Bay 7 $3,155,000
Esquimalt 15 $6,163,600
View Royal 5 $2,490,900
Saanich East 35 $16,796,400
Saanich West 14 $6,135,400
Central Saanich 1 $469,900
North Saanich 2 $1,129,800
Sidney 15 $6,657,600
Colwood 4 $2,190,500
Langford 41 $17,135,550
Sooke 3 $1,073,000
Waterfront (all districts) 14 $12,366,400
Total Greater Victoria 262 $126,109,600
Total Condo Apartment 262 $126,109,600
Page 1 of 3Victoria Real Estate Board Multiple Listing Service ®
20. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
Row/Townhousel
Greater Victoria
Victoria 17 $11,881,800
Victoria West 4 $2,863,500
Oak Bay 1 $835,000
Esquimalt 2 $1,150,000
View Royal 2 $982,000
Saanich East 25 $18,779,400
Saanich West 7 $4,638,500
Central Saanich 7 $4,963,700
Sidney 10 $5,978,000
Colwood 8 $4,991,736
Langford 39 $20,119,150
Sooke 9 $4,418,700
Gulf Islands 3 $1,428,000
Waterfront (all districts) 6 $4,107,500
Total Greater Victoria 140 $87,136,986
Total Row/Townhouse 140 $87,136,986
Manufactured Homel
Greater Victoria
View Royal 2 $384,888
Central Saanich 6 $1,944,900
Sidney 3 $1,348,000
Langford 7 $1,217,100
Sooke 4 $889,900
Gulf Islands 1 $299,000
Waterfront (all districts) 1 $220,000
Total Greater Victoria 24 $6,303,788
Other Areas
Malahat & Area 1 $195,000
Total Other Areas 1 $195,000
Total Manufactured Home 25 $6,498,788
Total Residential 936 $727,875,392
Page 2 of 3Victoria Real Estate Board Multiple Listing Service ®
21. Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
August 2020
District
Produced: 01-Sep-2020
$752,094,418979Grand Totals
Other Property
Lots & Acreagel
Greater Victoria
Victoria / Victoria West 2 $1,730,000
Saanich East 1 $1,000,000
Saanich West 1 $626,600
North Saanich 5 $3,274,000
Sidney 1 $1,345,000
Langford 3 $908,800
Sooke 2 $760,000
Gulf Islands 13 $5,305,350
Total Greater Victoria 28 $14,949,750
Other Areas
Malahat & Area 3 $1,479,000
Total Other Areas 3 $1,479,000
Total Lots & Acreage 31 $16,428,750
-1 ($1,750,000)Commercial Landl
13 $9,540,276Other Commercial Propertiesl
Page 3 of 3Victoria 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
August 2020
Produced: 01-Sep-2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Jul2020
Aug2020
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
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Single Family - Residential
Units Listed 526
Units Sold 393
Sell/List Ratio 75
Sales Dollars $375,253,950
Average Price / Unit $954,845
Price Ratio 99
Days To Sell 33
Active Listings at Month End 692
%
%
364
287
79
$243,508,314
$848,461
98
48
889
%
%
45
37
54
13
-32
-22
%
%
%
%
%
%
3431
2208
64
$1,993,844,375
$903,009
99
37
%
%
3896
2201
56
$1,811,183,063
$822,891
98
40
%
%
-12
0
10
10
-9
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 47
Units Sold 42
Sell/List Ratio 89
Sales Dollars $66,519,381
Average Price / Unit $1,583,795
Price Ratio 97
Days To Sell 68
Active Listings at Month End 135
%
%
38
19
50
$23,924,871
$1,259,204
96
55
210
%
%
24
121
178
26
23
-36
%
%
%
%
%
%
318
167
53
$287,057,744
$1,718,909
95
82
%
%
349
120
34
$156,079,532
$1,300,663
95
87
%
%
-9
39
84
32
-5
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 46
Units Sold 47
Sell/List Ratio 102
Sales Dollars $50,645,787
Average Price / Unit $1,077,570
Price Ratio 97
Days To Sell 66
Active Listings at Month End 133
%
%
45
28
62
$27,379,520
$977,840
96
80
187
%
%
2
68
85
10
-18
-29
%
%
%
%
%
%
374
221
59
$242,115,385
$1,095,545
97
63
%
%
397
178
45
$166,183,991
$933,618
96
72
%
%
-6
24
46
17
-13
%
%
%
%
%
Condo Apartment
Units Listed 397
Units Sold 262
Sell/List Ratio 66
Sales Dollars $126,109,600
Average Price / Unit $481,334
Price Ratio 98
Days To Sell 48
Active Listings at Month End 760
%
%
317
203
64
$99,764,528
$491,451
98
44
626
%
%
25
29
26
-2
10
21
%
%
%
%
%
%
2710
1362
50
$654,850,244
$480,800
98
41
%
%
2518
1517
60
$710,042,663
$468,057
98
39
%
%
8
-10
-8
3
6
%
%
%
%
%
Page 1 of 8Victoria Real Estate Board Multiple Listing Service ®
24. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Row/Townhouse
Units Listed 149
Units Sold 140
Sell/List Ratio 94
Sales Dollars $87,136,986
Average Price / Unit $622,407
Price Ratio 99
Days To Sell 45
Active Listings at Month End 199
%
%
117
59
50
$36,381,600
$616,637
99
53
248
%
%
27
137
140
1
-15
-20
%
%
%
%
%
%
996
663
67
$397,055,639
$598,877
99
46
%
%
1000
556
56
$337,294,230
$606,644
98
39
%
%
0
19
18
-1
18
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 1
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
1
0
0
$0
2
%
%
0
-50
%
%
%
%
%
%
4
2
50
$691,000
$345,500
95
172
%
%
2
0
0
$0
%
%
100 %
%
%
%
%
Half Duplex (Side by Side)
Units Listed 25
Units Sold 19
Sell/List Ratio 76
Sales Dollars $12,160,900
Average Price / Unit $640,047
Price Ratio 100
Days To Sell 30
Active Listings at Month End 47
%
%
9
12
133
$6,217,000
$518,083
98
36
18
%
%
178
58
96
24
-18
161
%
%
%
%
%
%
126
77
61
$50,023,100
$649,651
99
32
%
%
89
60
67
$36,820,840
$613,681
98
48
%
%
42
28
36
6
-34
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 4
Units Sold 4
Sell/List Ratio 100
Sales Dollars $2,552,500
Average Price / Unit $638,125
Price Ratio 98
Days To Sell 33
Active Listings at Month End 6
%
%
3
2
67
$1,290,500
$645,250
100
36
5
%
%
33
100
98
-1
-8
20
%
%
%
%
%
%
18
12
67
$7,630,400
$635,867
99
34
%
%
26
16
62
$11,028,500
$689,281
98
36
%
%
-31
-25
-31
-8
-5
%
%
%
%
%
Page 2 of 8Victoria Real Estate Board Multiple Listing Service ®
25. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Recreational
Units Listed 3
Units Sold 3
Sell/List Ratio 100
Sales Dollars $210,000
Average Price / Unit $70,000
Price Ratio 92
Days To Sell 20
Active Listings at Month End 15
%
%
2
3
150
$166,000
$55,333
81
195
20
%
%
50
0
27
27
-90
-25
%
%
%
%
%
%
26
11
42
$1,097,900
$99,809
93
204
%
%
32
15
47
$1,786,100
$119,073
92
77
%
%
-19
-27
-39
-16
164
%
%
%
%
%
Manufactured Home
Units Listed 17
Units Sold 25
Sell/List Ratio 147
Sales Dollars $6,498,788
Average Price / Unit $259,952
Price Ratio 97
Days To Sell 49
Active Listings at Month End 33
%
%
15
16
107
$3,527,499
$220,469
95
60
44
%
%
13
56
84
18
-19
-25
%
%
%
%
%
%
135
105
78
$25,229,997
$240,286
95
59
%
%
162
116
72
$24,426,287
$210,571
95
54
%
%
-17
-9
3
14
9
%
%
%
%
%
Residential Lots
Units Listed 40
Units Sold 15
Sell/List Ratio 38
Sales Dollars $6,969,500
Average Price / Unit $464,633
Price Ratio 96
Days To Sell 74
Active Listings at Month End 143
%
%
37
19
51
$7,621,670
$401,141
96
114
184
%
%
8
-21
-9
16
-35
-22
%
%
%
%
%
%
240
90
38
$39,646,774
$440,520
98
121
%
%
288
101
35
$31,982,140
$316,655
95
136
%
%
-17
-11
24
39
-11
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 6
Units Sold 3
Sell/List Ratio 50
Sales Dollars $1,000,000
Average Price / Unit $333,333
Price Ratio 96
Days To Sell 73
Active Listings at Month End 37
%
%
8
0
0
$0
28
%
%
-25
32
%
%
%
%
%
%
48
10
21
$6,163,125
$616,313
91
185
%
%
38
10
26
$6,115,944
$611,594
95
269
%
%
26
0
1
1
-31
%
%
%
%
%
Page 3 of 8Victoria Real Estate Board Multiple Listing Service ®
26. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Residential Acreage
Units Listed 13
Units Sold 8
Sell/List Ratio 62
Sales Dollars $5,305,250
Average Price / Unit $663,156
Price Ratio 90
Days To Sell 240
Active Listings at Month End 66
%
%
11
3
27
$1,582,000
$527,333
95
71
92
%
%
18
167
235
26
237
-28
%
%
%
%
%
%
109
51
47
$30,560,350
$599,223
93
155
%
%
118
35
30
$19,806,500
$565,900
93
146
%
%
-8
46
54
6
6
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 4
Units Sold 5
Sell/List Ratio 125
Sales Dollars $3,154,000
Average Price / Unit $630,800
Price Ratio 90
Days To Sell 301
Active Listings at Month End 26
%
%
3
1
33
$355,000
$355,000
94
22
30
%
%
33
400
788
78
1269
-13
%
%
%
%
%
%
30
17
57
$14,972,182
$880,717
90
196
%
%
32
9
28
$16,880,000
$1,875,556
96
267
%
%
-6
89
-11
-53
-27
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $787,500
Average Price / Unit $787,500
Price Ratio 97
Days To Sell
Active Listings at Month End 10
%
%
7
0
0
$0
19
%
%
-57
-47
%
%
%
%
%
%
37
23
62
$22,588,450
$982,107
96
41
%
%
34
9
26
$8,711,800
$967,978
97
39
%
%
9
156
159
1
7
%
%
%
%
%
Revenue - Multi Units
Units Listed 8
Units Sold 5
Sell/List Ratio 63
Sales Dollars $7,025,000
Average Price / Unit $1,405,000
Price Ratio 93
Days To Sell 87
Active Listings at Month End 23
%
%
2
1
50
$1,150,000
$1,150,000
92
102
6
%
%
300
400
511
22
-15
283
%
%
%
%
%
%
33
7
21
$11,425,000
$1,632,143
91
84
%
%
13
5
38
$7,638,000
$1,527,600
96
77
%
%
154
40
50
7
10
%
%
%
%
%
Page 4 of 8Victoria Real Estate Board Multiple Listing Service ®
27. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
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
2
%
%
-100
%
%
%
%
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
8
3
38
$11,280,000
$3,760,000
93
89
%
%
13
0
-25
-25
44
%
%
%
%
%
Revenue - Commercial
Units Listed 9
Units Sold 1
Sell/List Ratio 11
Sales Dollars $585,000
Average Price / Unit $585,000
Price Ratio 88
Days To Sell 96
Active Listings at Month End 50
%
%
3
1
33
$255,000
$255,000
93
268
38
%
%
200
0
129
129
-64
32
%
%
%
%
%
%
59
10
17
$8,025,900
$802,590
95
91
%
%
59
22
37
$12,399,120
$563,596
94
103
%
%
0
-55
-35
42
-12
%
%
%
%
%
Revenue - Industrial
Units Listed 4
Units Sold 4
Sell/List Ratio 100
Sales Dollars $1,930,200
Average Price / Unit $482,550
Price Ratio 104
Days To Sell 91
Active Listings at Month End 10
%
%
0
0
$0
1
%
%
900
%
%
%
%
%
%
6
4
67
$1,930,200
$482,550
104
91
%
%
2
1
50
$249,000
$249,000
100
21
%
%
200
300
675
94
335
%
%
%
%
%
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 9
%
%
4
2
50
$28
$14
110
28
%
%
-100
-100
-100
-68
%
%
%
%
%
%
41
17
41
$27,563,992
$1,621,411
91
144
%
%
38
11
29
$6,770,087
$615,462
106
133
%
%
8
55
307
163
8
%
%
%
%
%
Page 5 of 8Victoria Real Estate Board Multiple Listing Service ®
28. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Business Only
Units Listed 7
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 44
%
%
6
0
0
$0
71
%
%
17
-38
%
%
%
%
%
%
77
14
18
$1,103,000
$78,786
76
114
%
%
94
22
23
$1,821,500
$82,795
73
106
%
%
-18
-36
-39
-5
7
%
%
%
%
%
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
1
%
%
-100
%
%
%
%
%
%
2
0
0
$0
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Lease - Office
Units Listed 11
Units Sold 1
Sell/List Ratio 9
Sales Dollars $15
Average Price / Unit $15
Price Ratio 100
Days To Sell 165
Active Listings at Month End 74
%
%
6
0
0
$0
21
%
%
83
252
%
%
%
%
%
%
64
4
6
$69
$17
223
261
%
%
35
10
29
$200
$20
183
%
%
83
-60
-65
-14
43
%
%
%
%
%
Lease - Retail
Units Listed 9
Units Sold 2
Sell/List Ratio 22
Sales Dollars $61
Average Price / Unit $30
Price Ratio 98
Days To Sell 75
Active Listings at Month End 47
%
%
1
2
200
$57
$29
137
25
%
%
800
0
6
6
-45
88
%
%
%
%
%
%
43
11
26
$1,882
$171
110
208
%
%
31
8
26
$173
$22
3
117
%
%
39
38
987
690
78
%
%
%
%
%
Page 6 of 8Victoria Real Estate Board Multiple Listing Service ®
29. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
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
1
%
%
-100
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
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 8
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
3
1
33
$14
$14
111
304
%
%
1
1
100
$9
$9
45
%
%
200
0
56
56
576
%
%
%
%
%
Lease - Other
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
%
%
4
3
75
$47
$16
244
25
%
%
-100
-100
-100
-96
%
%
%
%
%
%
51
2
4
$30
$15
61
%
%
35
13
37
$259
$20
164
%
%
46
-85
-88
-25
-63
%
%
%
%
%
Commercial Land
Units Listed 2
Units Sold -1
Sell/List Ratio -50
Sales Dollars -$1,750,000
Average Price / Unit $1,750,000
Price Ratio 100
Days To Sell
Active Listings at Month End 15
%
%
3
0
0
$0
17
%
%
-33
-12
%
%
%
%
%
%
26
0
0
$0
472
%
%
23
2
9
$1,520,000
$760,000
84
250
%
%
13
-100
-100
89
%
%
%
%
%
Page 7 of 8Victoria Real Estate Board Multiple Listing Service ®
30. Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
August 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Produced: 01-Sep-2020
Units Listed 1333
Units Sold 979
Sell/List Ratio 73
Sales Dollars $752,094,418
Average Price / Unit $768,227
Price Ratio 98
Days To Sell 47
Active Listings at Month End 2584
%
%
Grand Totals
1006
661
66
$453,123,634
$685,512
98
53
2838
%
%
33
48
66
12
-13
-9
%
%
%
%
%
%
9017
5092
56
$3,832,075,653
$752,568
98
48
%
%
9322
5041
54
$3,380,019,937
$670,506
98
48
%
%
-3
1
13
12
0
%
%
%
%
%
Page 8 of 8Victoria Real Estate Board Multiple Listing Service ®