- 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 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 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.
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.
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 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.
- 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.
Residential real estate activity in San Francisco slowed significantly in April 2020 due to the COVID-19 pandemic. New listings and pending sales decreased over 60% for both single family homes and condos compared to April 2019. Median sales prices increased 5-6% for single family homes and condos year-over-year despite significantly lower activity levels.
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 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 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.
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.
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 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.
- 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.
Residential real estate activity in San Francisco slowed significantly in April 2020 due to the COVID-19 pandemic. New listings and pending sales decreased over 60% for both single family homes and condos compared to April 2019. Median sales prices increased 5-6% for single family homes and condos year-over-year despite significantly lower activity levels.
Residential real estate activity in San Francisco saw increases in median sales prices in February 2020 compared to the previous year. The median sales price for single family homes rose 7.3% to $1,610,000, while the median price for condos increased 14% to $1,288,500. Meanwhile, new property listings declined slightly and pending sales were down 4.9% for single family homes but up 1.8% for condos.
- Residential real estate activity in San Francisco saw increases in new listings, pending sales, and median sales prices in July 2020 compared to July 2019.
- New listings rose 20.8% for single family homes and 46.6% for condos. Pending sales increased 38.5% for single family and 14% for condos.
- Median sales prices grew 6% for single family homes to $1,670,000 and 3.7% for condos to $1,268,200. However, months of inventory increased significantly.
- Residential real estate activity in San Francisco declined significantly in March 2020 due to the COVID-19 pandemic. New listings dropped 57.4% for single family homes and 56.3% for condos. Pending sales decreased 28.6% and 40.8% respectively. The median sales price increased slightly by 0.2% for single family homes and 2.0% for condos.
The document provides market statistics for detached homes, attached homes, and condos in Calgary, Alberta, Canada as of February 29, 2020. It shows that in February 2020, the absorption rate for detached homes was 25.96%, attached homes was 21.29%, and condos was 14.59%. The benchmark price for detached homes was $479,100, attached homes was $310,700, and condos was $244,700. The average days on market for detached homes was 53 days, attached homes was 60 days, and not provided for condos.
Residential real estate activity in San Francisco began in 2022 much as it did in 2021, with existing home sales reaching their highest levels since 2006. However, inventory remained extremely low, with the smallest number of homes for sale since 1999. As a result, home prices continued to rise substantially over the last year, with the median sales price for single-family homes up 4.1% and condos up 2.6% in January 2022 compared to the previous year. Competition for the few available homes remained intense, pushing prices higher and reducing affordability.
The 2021 housing market saw record high home sales, prices, and demand coupled with low inventory. Existing home sales are projected to hit 6 million for 2021, the highest level in 15 years. Median home prices rose significantly in 2021, with single family home prices up 8.4% and condo prices up 17.2% compared to December 2020. Low inventory, strong demand, and fast selling times defined the 2021 market but trends are expected to continue at a more moderate pace in 2022 as inventory remains limited and interest rates rise gradually.
Residential real estate activity in San Francisco County saw increases in new listings and pending sales in October 2020 compared to the previous year. The median sales price decreased 1.5% for single family homes but declined more sharply at 12.6% for condominiums. Inventory levels rose significantly with months of supply up 30% for single family and 100% for condominiums. Mortgage rates remained low, helping offset price increases seen in other U.S. housing markets.
San Francisco market focus report December 2019Ronny Budiutama
The document provides a monthly snapshot of residential real estate activity in San Francisco for December 2019. Key points include:
- The median sales price for single family homes decreased 2.8% year-over-year to $1,450,000, while the median price for condos increased 4.2% to $1,219,000.
- New listings decreased 40.2% for single family homes and 45.1% for condos year-over-year. Pending sales decreased 8.3% for single family but increased 3.4% for condos.
- Inventory levels decreased across the board while demand remained healthy, suggesting the market remains balanced with low interest rates and wage growth supporting
Update on National Commercial Real Estate Markets
"Commercial real estate sales transactions
picked up in the fourth quarter, but full –year
transactions were 32% below last year’s level." - NAR
In a time of high uncertainty 2 sectors stood out, Apartments and Industrial Real Estate.
Economic conditions always impact demand, construction, absorption rates, availability and vacancy rates.
These are major considerations for those looking to:
- Purchase commercial property for their business
- Those looking to obtain a commercial real estate loan
- Investors looking to find stable investment assets
- Landlords trying to determine lease concessions
- Tenants decisions on lease terms and options to renew negotiations
The document provides a monthly real estate snapshot for San Francisco County. Some key highlights include:
- New listings were down 46.8% for single family homes and 58% for condos/co-ops in July 2021 compared to a year ago. Pending sales decreased 8% for single family but increased 46.3% for condos/co-ops.
- The median sales price was up 15.3% to $1,850,000 for single family homes but down 4% to $1,210,000 for condos/co-ops in July 2021 versus a year ago. Months of inventory decreased over 60% for both property types.
- Residential real estate activity,
- Residential real estate activity in San Francisco decreased in August 2021 compared to the previous year. New listings were down 38.1% for single family homes and 53.5% for condos. Pending sales also decreased slightly.
- The median sales price of single family homes rose 13.8% to $1,850,000, while the median price for condos fell 5% to $1,150,000. Months of inventory dropped sharply.
- Nationwide, high home prices and low housing supply have increased demand for rentals, driving up rental prices 11.4% so far in 2021. Builders continue to face challenges meeting housing needs due to material and labor shortages.
- Existing home sales were down slightly in August 2022 according to the National Association of Realtors, falling 2% after two consecutive months of increases. The median home sales price rose nearly 15% compared to the previous year.
- In San Francisco, the median sales price for single-family homes rose 6.1% to $1,750,000, while the median price for condos rose 3.8% to $1,220,000 in September 2021 compared to the previous year.
- New listings declined from the previous year, falling 14.6% for single family homes and 29.3% for condos, while pending sales rose for both single family homes and condos compared to
- Mortgage interest rates increased slightly in February but remain below levels from February 2020. Rates may rise further in coming weeks but are expected to remain around 3% for the year.
- Housing demand remains strong as new listings decreased 24.3% for single family homes and 16.7% for condos while pending sales increased 42.4% and 51.9% respectively.
- The median sales price rose 3.2% for single family homes to $1,700,000 but fell 4.5% for condos to $1,217,000 in February.
- Residential real estate activity in San Francisco remained strong in September 2020, with buyer demand continuing into the fall season.
- The median sales price of single-family homes increased 8.8% year-over-year to $1,665,000, while the median price of condos decreased 9.1% to $1,205,000.
- Pending sales rose significantly year-over-year for both single-family homes (+30.3%) and condos (+29.5%), indicating robust buyer demand, while new listings declined for single-family homes but increased slightly for condos.
Residential real estate activity in San Francisco remained strong in August 2020, with some metrics up significantly year-over-year. The median sales price of single family homes rose 3.3% to $1,656,000, while the median price for condos fell 2.9% to $1,244,500. Pending sales of both single family homes and condos increased over 45% compared to August 2019. Months of inventory increased sharply for condos while new listings were down for single family homes but up for condos.
The document summarizes real estate market data for January 2020 in the Greater Boston area. It provides statistics on home and condo sales, median prices, inventory levels, and new listings for single-family homes and condominiums at the regional and town levels. Specifically for the Central Middlesex region, median home prices increased slightly while condo prices decreased. Home sales increased 37.7% while condo sales decreased slightly. Inventory levels also decreased for both homes and condos.
Residential real estate activity in San Francisco saw increases in March 2021 with relaxing COVID-19 policies. New listings and pending sales rose significantly for both single family homes and condos/co-ops. Median sales prices grew 10.6% for single family homes but fell 2.4% for condos/co-ops. Inventory remained low while demand stayed high, pointing to an ongoing competitive market.
The document is a monthly real estate snapshot for San Francisco County that provides key metrics and year-over-year comparisons for June 2021. It summarizes that home sales prices rose significantly for both single family homes (+12.1%) and condos (+2%) in June 2021 compared to the previous year. Inventory levels declined sharply while pending sales and median home prices both increased substantially across all property types year-over-year amid low inventory and high buyer demand. The housing market remains very competitive with multiple offers common on properties.
Residential real estate activity in San Francisco County saw increases in November 2020 compared to the previous year. New listings rose 13.1% for single family homes and 1.3% for condos. Pending sales increased 42.1% for single family homes and 24.9% for condos. Median sales prices were up 5.7% for single family homes to $1,695,000 and up 1.7% for condos to $1,200,000. Inventory levels increased for both property types.
April 2021 saw strong home sales activity in San Francisco County, with home sales prices and pending sales up significantly year-over-year. The median sales price for single family homes rose 12.1% to $1,800,000, while the median price for condos fell 5.9% to $1,200,000. Pending sales increased 249.4% for single family homes and 396.7% for condos. With limited housing supply and high buyer demand, the real estate market remains very active with multiple offers common, pointing to continued high prices through the spring and summer months.
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.
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
Residential real estate activity in San Francisco saw increases in median sales prices in February 2020 compared to the previous year. The median sales price for single family homes rose 7.3% to $1,610,000, while the median price for condos increased 14% to $1,288,500. Meanwhile, new property listings declined slightly and pending sales were down 4.9% for single family homes but up 1.8% for condos.
- Residential real estate activity in San Francisco saw increases in new listings, pending sales, and median sales prices in July 2020 compared to July 2019.
- New listings rose 20.8% for single family homes and 46.6% for condos. Pending sales increased 38.5% for single family and 14% for condos.
- Median sales prices grew 6% for single family homes to $1,670,000 and 3.7% for condos to $1,268,200. However, months of inventory increased significantly.
- Residential real estate activity in San Francisco declined significantly in March 2020 due to the COVID-19 pandemic. New listings dropped 57.4% for single family homes and 56.3% for condos. Pending sales decreased 28.6% and 40.8% respectively. The median sales price increased slightly by 0.2% for single family homes and 2.0% for condos.
The document provides market statistics for detached homes, attached homes, and condos in Calgary, Alberta, Canada as of February 29, 2020. It shows that in February 2020, the absorption rate for detached homes was 25.96%, attached homes was 21.29%, and condos was 14.59%. The benchmark price for detached homes was $479,100, attached homes was $310,700, and condos was $244,700. The average days on market for detached homes was 53 days, attached homes was 60 days, and not provided for condos.
Residential real estate activity in San Francisco began in 2022 much as it did in 2021, with existing home sales reaching their highest levels since 2006. However, inventory remained extremely low, with the smallest number of homes for sale since 1999. As a result, home prices continued to rise substantially over the last year, with the median sales price for single-family homes up 4.1% and condos up 2.6% in January 2022 compared to the previous year. Competition for the few available homes remained intense, pushing prices higher and reducing affordability.
The 2021 housing market saw record high home sales, prices, and demand coupled with low inventory. Existing home sales are projected to hit 6 million for 2021, the highest level in 15 years. Median home prices rose significantly in 2021, with single family home prices up 8.4% and condo prices up 17.2% compared to December 2020. Low inventory, strong demand, and fast selling times defined the 2021 market but trends are expected to continue at a more moderate pace in 2022 as inventory remains limited and interest rates rise gradually.
Residential real estate activity in San Francisco County saw increases in new listings and pending sales in October 2020 compared to the previous year. The median sales price decreased 1.5% for single family homes but declined more sharply at 12.6% for condominiums. Inventory levels rose significantly with months of supply up 30% for single family and 100% for condominiums. Mortgage rates remained low, helping offset price increases seen in other U.S. housing markets.
San Francisco market focus report December 2019Ronny Budiutama
The document provides a monthly snapshot of residential real estate activity in San Francisco for December 2019. Key points include:
- The median sales price for single family homes decreased 2.8% year-over-year to $1,450,000, while the median price for condos increased 4.2% to $1,219,000.
- New listings decreased 40.2% for single family homes and 45.1% for condos year-over-year. Pending sales decreased 8.3% for single family but increased 3.4% for condos.
- Inventory levels decreased across the board while demand remained healthy, suggesting the market remains balanced with low interest rates and wage growth supporting
Update on National Commercial Real Estate Markets
"Commercial real estate sales transactions
picked up in the fourth quarter, but full –year
transactions were 32% below last year’s level." - NAR
In a time of high uncertainty 2 sectors stood out, Apartments and Industrial Real Estate.
Economic conditions always impact demand, construction, absorption rates, availability and vacancy rates.
These are major considerations for those looking to:
- Purchase commercial property for their business
- Those looking to obtain a commercial real estate loan
- Investors looking to find stable investment assets
- Landlords trying to determine lease concessions
- Tenants decisions on lease terms and options to renew negotiations
The document provides a monthly real estate snapshot for San Francisco County. Some key highlights include:
- New listings were down 46.8% for single family homes and 58% for condos/co-ops in July 2021 compared to a year ago. Pending sales decreased 8% for single family but increased 46.3% for condos/co-ops.
- The median sales price was up 15.3% to $1,850,000 for single family homes but down 4% to $1,210,000 for condos/co-ops in July 2021 versus a year ago. Months of inventory decreased over 60% for both property types.
- Residential real estate activity,
- Residential real estate activity in San Francisco decreased in August 2021 compared to the previous year. New listings were down 38.1% for single family homes and 53.5% for condos. Pending sales also decreased slightly.
- The median sales price of single family homes rose 13.8% to $1,850,000, while the median price for condos fell 5% to $1,150,000. Months of inventory dropped sharply.
- Nationwide, high home prices and low housing supply have increased demand for rentals, driving up rental prices 11.4% so far in 2021. Builders continue to face challenges meeting housing needs due to material and labor shortages.
- Existing home sales were down slightly in August 2022 according to the National Association of Realtors, falling 2% after two consecutive months of increases. The median home sales price rose nearly 15% compared to the previous year.
- In San Francisco, the median sales price for single-family homes rose 6.1% to $1,750,000, while the median price for condos rose 3.8% to $1,220,000 in September 2021 compared to the previous year.
- New listings declined from the previous year, falling 14.6% for single family homes and 29.3% for condos, while pending sales rose for both single family homes and condos compared to
- Mortgage interest rates increased slightly in February but remain below levels from February 2020. Rates may rise further in coming weeks but are expected to remain around 3% for the year.
- Housing demand remains strong as new listings decreased 24.3% for single family homes and 16.7% for condos while pending sales increased 42.4% and 51.9% respectively.
- The median sales price rose 3.2% for single family homes to $1,700,000 but fell 4.5% for condos to $1,217,000 in February.
- Residential real estate activity in San Francisco remained strong in September 2020, with buyer demand continuing into the fall season.
- The median sales price of single-family homes increased 8.8% year-over-year to $1,665,000, while the median price of condos decreased 9.1% to $1,205,000.
- Pending sales rose significantly year-over-year for both single-family homes (+30.3%) and condos (+29.5%), indicating robust buyer demand, while new listings declined for single-family homes but increased slightly for condos.
Residential real estate activity in San Francisco remained strong in August 2020, with some metrics up significantly year-over-year. The median sales price of single family homes rose 3.3% to $1,656,000, while the median price for condos fell 2.9% to $1,244,500. Pending sales of both single family homes and condos increased over 45% compared to August 2019. Months of inventory increased sharply for condos while new listings were down for single family homes but up for condos.
The document summarizes real estate market data for January 2020 in the Greater Boston area. It provides statistics on home and condo sales, median prices, inventory levels, and new listings for single-family homes and condominiums at the regional and town levels. Specifically for the Central Middlesex region, median home prices increased slightly while condo prices decreased. Home sales increased 37.7% while condo sales decreased slightly. Inventory levels also decreased for both homes and condos.
Residential real estate activity in San Francisco saw increases in March 2021 with relaxing COVID-19 policies. New listings and pending sales rose significantly for both single family homes and condos/co-ops. Median sales prices grew 10.6% for single family homes but fell 2.4% for condos/co-ops. Inventory remained low while demand stayed high, pointing to an ongoing competitive market.
The document is a monthly real estate snapshot for San Francisco County that provides key metrics and year-over-year comparisons for June 2021. It summarizes that home sales prices rose significantly for both single family homes (+12.1%) and condos (+2%) in June 2021 compared to the previous year. Inventory levels declined sharply while pending sales and median home prices both increased substantially across all property types year-over-year amid low inventory and high buyer demand. The housing market remains very competitive with multiple offers common on properties.
Residential real estate activity in San Francisco County saw increases in November 2020 compared to the previous year. New listings rose 13.1% for single family homes and 1.3% for condos. Pending sales increased 42.1% for single family homes and 24.9% for condos. Median sales prices were up 5.7% for single family homes to $1,695,000 and up 1.7% for condos to $1,200,000. Inventory levels increased for both property types.
April 2021 saw strong home sales activity in San Francisco County, with home sales prices and pending sales up significantly year-over-year. The median sales price for single family homes rose 12.1% to $1,800,000, while the median price for condos fell 5.9% to $1,200,000. Pending sales increased 249.4% for single family homes and 396.7% for condos. With limited housing supply and high buyer demand, the real estate market remains very active with multiple offers common, pointing to continued high prices through the spring and summer months.
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.
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
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.
- 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.
Victoria Real Estate Board July 2021 StatisticsVicky Aulakh
Housing inventory in the Victoria region continued to decline in July 2021. Total property sales were down 14.7% from July 2020 levels, with fewer single family homes and condominiums sold. Active housing listings also declined significantly, down 52.1% year-over-year. Meanwhile, home prices rose substantially over the past year, with benchmark single family home values up 18.9% and condo values up 8.1% compared to July 2020. The president of the Victoria Real Estate Board attributed the lower sales to low housing inventory driving the tight market conditions.
Victoria Real Estate Board Statistics 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 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.
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.
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.
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 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 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.
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
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.
The Victoria Real Estate Board reported on the 2019 Victoria real estate market. Home sales in December 2019 increased 7.2% from December 2018, though were down 30.3% from November 2019. Total 2019 sales were up 1.47% over 2018 but below the 10-year average. The president noted limited housing supply and demand pushing buyers into multiple offer situations, especially for condos and townhomes priced for first-time buyers. Benchmark home prices declined slightly in Victoria Core but increased in surrounding areas, with continued pressure on pricing in the middle market segments.
Sales of 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 Package January 2022VickyAulakh1
The Victoria Real Estate Board reported on the January 2022 real estate market. Sales were down 26.6% from January 2021 with 474 properties sold. Limited inventory continues to be a key factor, with January 2022 having nearly half the inventory of January 2021. The average price of a single-family home in Victoria increased 24.6% year-over-year to $1,161,500. Condo prices rose 20.5% to $587,300. Low inventory is expected to keep the market slow until supply levels increase to meet demand.
The 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
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.
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.
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.
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.
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.
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
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The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
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Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
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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
June 1, 2020
Victoria real estate activity picks up as restrictions ease
A total of 457 properties sold in the Victoria Real Estate Board region this May, 46.1 per cent fewer
than the 848 properties sold in May 2019 but 59.2 per cent more than the previous month of April
2020. Sales of condominiums were down 55.7 per cent from May 2019 with 108 units sold. Sales of
single family homes were down 42.9 per cent from May 2019 with 254 sold.
“Our market continues to respond to the current health crisis,” says Victoria Real Estate Board
President Sandi-Jo Ayers. “Activity in real estate right now echoes the activity in our broader
community – as restrictions gradually begin to lift - so too have our sales and listings numbers. Of
course, like any industry, we do not expect a sudden shift back to any kind of normal. That said, one
theme that persists in our market is that well-priced properties in high demand areas continue to see
multiple offers. Demand exists and we continue to have motivated buyers searching for their perfect
home.”
There were 2,544 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of May 2020, 15.7 percent fewer properties than the total available at the end of May 2019 but
a 10.4 per cent increase from the 2,305 active listings for sale at the end of April 2020.
“If you’re considering buying or selling a property right now you will find the experience different than
pre-pandemic,” adds Ayers. “REALTORS® are doing our part to ensure that there is not a resurgence
of COVID-19 in our community by following government health and safety guidelines, by leveraging
technology to facilitate many aspects of the real estate transaction virtually and by implementing
various clean showing protocols. Your Realtor will navigate the new processes and requirements to
keep you, your property and our city safe and healthy.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in May 2019 was $863,000. The benchmark value for the same home in May 2020
increased by 2.6 per cent to $885,400, 0.1 per cent more than April’s value of $884,600. The MLS®
HPI benchmark value for a condominium in the Victoria Core area in May 2019 was $516,400, while
the benchmark value for the same condominium in May 2020 increased by 3.5 per cent to $534,300,
0.1 per cent more than the April value of $533,600.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the
development of standards and innovative programs to enhance the professionalism of Realtors. The Victoria
Real Estate Board represents 1,380 local Realtors. If you are thinking about buying or selling a home, connect
with your local Realtor for detailed information on the Victoria and area housing market. For a list of live stream
open houses, visit openhousesvictoria.ca.
PRESIDENT
Sandi-Jo Ayers
PRESIDENT ELECT
David Langlois
TREASURER
Karen Dinnie-Smyth
PAST PRESIDENT
Cheryl Woolley
DIRECTORS
Sheila Aujla
Robert Cole
Jackie Ngai
Graden Sol
Patrick Novotny
EXECUTIVE OFFICER
David Corey
2. 01-Jun-2020
May 2020Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$
2020 - May
214
108
61
13
436
254
457
40
2,544
145
73
32
7
275
163
287
18
2,305
402
244
92
19
800
445
848
43
3,019
$875,938
$453,060
$572,711
$203,877
$856,679
$753,645
$837,500
$390,000
$555,000
$199,900
$812,500
$622,000
$880,851
$421,512
$599,066
$223,857
$861,305
$703,854
$795,000
$410,000
$578,500
$120,000
$775,000
$620,966
$856,061
$470,311
$633,751
$202,637
$839,082
$680,349
$775,000
$428,950
$586,000
$182,500
$770,000
$625,000
47.6%
47.9%
90.6%
85.7%
58.5%
55.8%
59.2%
122.2%
10.4%
-46.8%
-55.7%
-33.7%
-31.6%
-45.5%
-42.9%
-46.1%
-7.0%
-15.7%
-0.6%
7.5%
-4.4%
-8.9%
-0.5%
7.1%
2.3%
-3.7%
-9.6%
0.6%
2.1%
10.8%
5.3%
-4.9%
-4.1%
66.6%
4.8%
0.2%
8.1%
-9.1%
-5.3%
9.5%
5.5%
-0.5%
2020 - April 2019 - May
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Active Listings: total listings on the market at midnight on the last day of the month
This Month Last Month This Month Last Year
1Victoria Real Estate Board Multiple Listing Service ®
May 2020
Statistics Package for Media
Victoria Real Estate Board May 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. Monday, June 01, 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 May 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 May 2020 Statistics
12 Months Ago
% Difference from 12 Months Ago (May 2019 to May 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB –
SF-All
Core – SF-All
Westshore – SF-All
Peninsula – SF-All
Gulf Islands – SF-All
Malahat & Area –
SF-All
-1.7%
3.1%
2.6%
4.9%
2.8%
4.3%
5. MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board May 2020 Statistics
12 Months Ago
% Difference from 12 Months Ago (May 2019 to May 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
3.1%
3.5%
4.0%
0.1%
6. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
May 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
$974,600$971,200
$967,700$960,400$959,900
$956,100
$946,300
$940,500$940,000
$937,600
$901,500 $897,900 $884,900 $877,400$872,700
$871,900 $871,400 $868,800
$867,400
$865,200
$848,700
$847,800 $846,100
$842,800 $839,100 $835,000$824,600
$818,800
$810,300
$803,100
$789,300
$783,400
$783,300
$782,200$781,900
$780,500
$778,100
$777,400
$775,900
$772,800
$770,800
$768,000
$762,900
$759,300
$759,000
$758,900
$757,600
$757,300
$755,600
$752,300
$750,400
$723,300$721,600
$706,500
$704,800
$702,200
$699,800
$696,900
$694,300
$694,000
$692,700
$689,200
$687,600
$685,600
$680,800
$680,600
$680,000 $678,200
$676,600
$674,700
$668,100
$667,100
$666,600
$662,200
$662,000
$660,500$659,600
$653,200
$648,600
$641,500$641,200
$621,400
$616,600
$611,400
$610,200
$604,400
$601,700
$597,100
$594,700 $581,700
$574,000
$570,100$569,300
$567,900
$565,300
$564,500
$560,000 $555,700
$552,000
$547,300$536,400
$531,100
$525,600
$525,200$524,100
$523,500
$523,000
$522,000
$510,600
$508,600
$487,300
$482,600
$469,700
$460,600
$460,300
$459,900
$455,400
$454,700
$437,700
$433,600
$428,800
$404,100
$394,500
$370,800
$357,100
$357,000
$351,900
$349,200
$348,300
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,229,800 $1,229,200 $1,211,500 $1,203,800 $1,203,300$1,162,400
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
7. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
May 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
254.5253.9 248.0244.2
237.5
237.4
236.9
235.7
234.5
230.2 229.7 229.1
228.9
228.5
228.5 227.6
227.3
226.4
226.3
226.0
225.2
224.3
224.3
223.4
222.8
222.8 222.7
222.4
222.4
221.3
221.2
220.8 220.2
219.5
219.3
219.1219.0
218.6
218.1 218.0
217.3
217.3
216.6
216.6
215.1
214.3
213.7 212.6
212.5
212.4
212.1
211.8
211.3
211.1
210.9210.8
210.7
210.6
210.6
210.5
210.5
210.2
210.1
209.7
208.3208.2
207.8
207.2
206.5
206.0
206.0
205.9
205.8
205.5205.2
204.6
202.4
201.9201.6
200.4
200.2
200.0199.3
199.2 199.1 198.5
196.9
196.2
196.0
195.2
193.7 193.3
193.0192.9
190.2
186.8
183.3
182.2180.2
179.8
179.8179.1
178.0
176.1
174.5
173.7
170.9
160.0
157.3
156.3
154.8
154.8
149.9
147.2
147.1
146.8
146.5
143.3
143.1
141.2
140.8
138.1
134.0
133.1
132.8
119.5 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
8. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
May 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
$836,000$825,900 $820,800 $794,000$783,500 $710,400
$639,400 $615,600$615,400 $605,800$601,500
$537,600
$527,100$522,400
$521,400
$519,700
$519,600 $514,300
$506,400
$505,500
$504,600
$504,100
$503,900
$497,900
$494,000
$491,700
$488,900
$487,200 $486,600
$486,100
$486,000
$485,900
$484,800
$477,500$477,300$476,900$474,400
$461,600
$455,700 $455,000 $448,600$446,700 $443,000
$439,300
$436,600
$433,000 $432,100
$429,000
$428,600
$426,900$423,100 $419,500 $418,200
$418,000 $415,000
$413,100
$412,900
$411,800
$404,200
$403,500
$403,400
$399,400
$396,300
$393,000$388,700 $384,900 $365,500
$363,700
$363,700
$361,300
$348,800
$348,300
$338,800
$330,500
$326,200
$318,300
$307,700
$303,800
$291,200
$289,400
$263,600
$262,200
$257,100
$257,000
$253,000
$250,000
$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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
May 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – Con
Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
268.6 268.2
266.0264.7
264.4
264.4
263.3
262.3
261.1
260.1
260.0
259.3
256.3
255.7
255.3
254.8
253.8 253.7
252.7
252.6
252.4
252.2
252.1
250.5
249.6
249.2
248.3
247.9
247.2
247.1
247.0
246.8243.8
243.3243.2
242.3
241.0
240.6 240.3240.0
239.6
239.5
239.4
239.4
237.7
236.7
235.8
235.0
234.8
234.7
234.4
233.8
232.6232.5232.3
232.0
231.3
231.1
228.5 226.2
225.5
215.0
214.4
210.2
209.7
207.5
204.4
203.2
197.5
196.5
195.7
182.4
169.3
159.4
158.7
157.1
153.0
151.5
151.1
150.9
148.0
143.8
141.6
128.9
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
10. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
May 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
$704,600$704,600 $696,600
$692,800
$691,100$689,200
$673,200$672,000 $670,700 $660,600
$658,900
$652,400
$647,000
$641,700 $639,700
$637,200 $634,700 $632,400
$630,500
$627,400
$626,000
$622,700
$616,700$613,500
$610,600
$609,700
$600,600
$597,000$595,300
$591,500
$589,900
$587,600
$584,200 $583,400
$583,100$581,700
$581,400
$578,900
$577,100$573,700
$572,900
$572,200
$571,000
$570,800
$566,000
$565,900
$562,800$557,100
$555,900
$551,400
$550,300
$546,400
$544,400
$541,100
$538,600
$538,500$537,000
$535,200 $528,600 $522,200
$522,100
$520,800
$516,500
$513,300
$510,900 $510,600
$508,100 $506,800 $495,300
$493,600
$492,900
$492,700
$489,400
$488,500
$481,400 $479,900
$476,300
$474,900
$470,400 $463,200$457,600
$444,100
$442,000
$434,100
$430,500
$424,600
$414,900
$408,400
$407,500
$405,800
$399,300
$397,400
$361,200
$358,700
$356,800
$344,800
$341,100
$334,600
$333,900
$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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
May 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
279.8 271.9271.4 270.9 266.8
252.1 250.3 246.6245.3
244.1
243.8
243.2 239.8237.9 232.8
231.5
228.6
227.5
225.2224.9
222.9
222.6222.0
221.5
221.3
220.6 219.8
219.5
219.2
218.4218.4
218.1
217.8
216.8 216.5
216.5
215.9
215.3
215.2
215.1
214.5
214.2
213.9
213.6
212.5
212.3
211.9
211.1
210.3
209.5209.0
208.9
206.3
203.0
202.2
200.6
198.9
196.9
196.2
195.6
194.1
194.1 193.6
192.0 191.9
191.8 191.2
189.2 188.2
188.0
187.5
187.4
186.6
186.1
183.9
183.7
183.6
182.5
180.9178.7
178.5
165.8
165.8
164.8
163.3
161.8
153.9
149.8
148.3
147.5
147.2
146.4
144.2
140.3
134.1
130.4
130.3
121.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
3. Area/Property Type Selection
All
2. Property Type
Townhouse (Twn)
12. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
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 data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Condo Apartment (Con)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
14. Note: Areas with insufficient data do not generate statistics and are not included in the dashboard.
Source: Victoria Real Estate Board
Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
Multiple values
2. Property Type
Townhouse (Twn)
HPI or Benchmark Price
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
16. Monthly Sales Summary
Monday, June 1, 2020
Units Total Volume
May 2020
Region
District
Residential
Single Familyl
Greater Victoria
Victoria 25 $23,682,400
Oak Bay 13 $18,011,500
Esquimalt 4 $3,380,600
View Royal 3 $2,314,095
Saanich East 34 $30,348,499
Saanich West 17 $16,599,888
Central Saanich 9 $7,836,500
North Saanich 12 $11,157,280
Sidney 9 $6,606,900
Colwood 12 $9,802,500
Langford 42 $31,028,240
Metchosin 3 $2,711,500
Sooke 25 $14,818,320
Waterfront (all districts) 6 $9,152,500
Total Greater Victoria 214 $187,450,722
Other Areas
Shawnigan Lake / Malahat 6 $4,171,900
Gulf Islands 20 $13,359,500
UpIsland / Mainland 8 $5,817,900
Waterfront (all districts) 6 $6,796,500
Total Other Areas 40 $30,145,800
Total Single Family 254 $217,596,522
Condo Apartmentl
Greater Victoria
Victoria 30 $15,162,800
Victoria West 7 $3,664,500
Oak Bay 4 $2,755,000
Esquimalt 4 $1,306,000
View Royal 3 $1,677,790
Saanich East 13 $4,793,300
Saanich West 3 $1,324,750
Central Saanich 3 $1,105,000
North Saanich 1 $689,900
Sidney 4 $1,693,900
Colwood 3 $1,011,000
Langford 24 $9,377,595
Sooke 1 $208,900
Waterfront (all districts) 7 $3,635,150
Total Greater Victoria 107 $48,405,585
Other Areas
UpIsland / Mainland 1 $524,900
Total Other Areas 1 $524,900
Total Condo Apartment 108 $48,930,485
1
Victoria Real Estate Board Multiple Listing Service ®
17. Monthly Sales Summary
Monday, June 1, 2020
Units Total Volume
May 2020
Region
District
Row/Townhousel
Greater Victoria
Victoria 7 $4,500,000
Esquimalt 4 $2,044,000
View Royal 4 $2,364,900
Saanich East 6 $3,941,000
Saanich West 5 $3,026,000
Central Saanich 6 $4,015,000
Sidney 3 $1,594,000
Colwood 2 $1,186,000
Langford 11 $5,720,700
Sooke 6 $2,749,600
Total Greater Victoria 54 $31,141,200
Other Areas
Gulf Islands 4 $2,690,000
UpIsland / Mainland 3 $1,104,150
Total Other Areas 7 $3,794,150
Total Row/Townhouse 61 $34,935,350
Manufactured Homel
Greater Victoria
View Royal 2 $308,000
Central Saanich 6 $1,187,500
Sidney 1 $375,000
Langford 1 $85,000
Total Greater Victoria 10 $1,955,500
Other Areas
UpIsland / Mainland 3 $694,900
Total Other Areas 3 $694,900
Total Manufactured Home 13 $2,650,400
Total Residential 436 $304,112,757
2
Victoria Real Estate Board Multiple Listing Service ®
18. Monthly Sales Summary
Monday, June 1, 2020
Units Total Volume
May 2020
Region
District
Grand Totals 457 $314,157,722
5 $3,420,065Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
North Saanich 4 $2,510,000
Langford 1 $299,000
Sooke 3 $927,900
Total Greater Victoria 8 $3,736,900
Other Areas
Shawnigan Lake / Malahat 1 $476,000
Gulf Islands 5 $1,720,000
UpIsland / Mainland 2 $692,000
Total Other Areas 8 $2,888,000
Total Lots & Acreage (Incl Wtrfrnt) 16 $6,624,900
3
Victoria Real Estate Board Multiple Listing Service ®
19. Active Listings, New Listings and Sales May 2020
Monday, June 01, 2020
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
3,000
3,200
3,400
3,600
3,800
4,000
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Total Active MLS® Listings
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Total New MLS® Listings and Total MLS® Sales
Listings Sales
Victoria Real Estate Board Multiple Listing Service ®
20. Sales to Active Listings Ratio May 2020
Monday, June 01, 2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Victoria Real Estate Board Multiple Listing Service ®
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)
21. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Single Family - Residential
Units Listed 426
Units Sold 214
Sell/List Ratio 50
Sales Dollars $174,658,334
Average Price / Unit $816,160
Price Ratio 98
Days To Sell 38
Active Listings at Month End 739
%
%
694
387
56
$319,283,289
$825,021
98
34
1058
%
%
-39
-45
-45
-1
14
-30
%
%
%
%
%
%
1779
997
56
$849,635,022
$852,192
98
40
%
%
2536
1288
51
$1,062,573,972
$824,980
98
39
%
%
-30
-23
-20
3
1
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 38
Units Sold 11
Sell/List Ratio 29
Sales Dollars $15,771,500
Average Price / Unit $1,433,773
Price Ratio 94
Days To Sell 132
Active Listings at Month End 146
%
%
59
18
31
$19,061,384
$1,058,966
91
91
180
%
%
-36
-39
-17
35
45
-19
%
%
%
%
%
%
171
60
35
$96,639,763
$1,610,663
94
109
%
%
203
60
30
$77,348,961
$1,289,149
94
113
%
%
-16
0
25
25
-3
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 56
Units Sold 19
Sell/List Ratio 34
Sales Dollars $19,346,788
Average Price / Unit $1,018,252
Price Ratio 99
Days To Sell 61
Active Listings at Month End 122
%
%
76
25
33
$25,321,334
$1,012,853
96
68
169
%
%
-26
-24
-24
1
-10
-28
%
%
%
%
%
%
185
89
48
$94,564,349
$1,062,521
96
80
%
%
239
107
45
$97,774,084
$913,776
97
72
%
%
-23
-17
-3
16
11
%
%
%
%
%
Condo Apartment
Units Listed 337
Units Sold 108
Sell/List Ratio 32
Sales Dollars $48,930,485
Average Price / Unit $453,060
Price Ratio 98
Days To Sell 36
Active Listings at Month End 686
%
%
432
244
56
$114,755,871
$470,311
99
34
658
%
%
-22
-56
-57
-4
4
4
%
%
%
%
%
%
1473
652
44
$313,533,610
$480,880
98
37
%
%
1589
883
56
$411,790,778
$466,354
98
38
%
%
-7
-26
-24
3
-3
%
%
%
%
%
1Victoria Real Estate Board Multiple Listing Service ®
22. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Row/Townhouse
Units Listed 98
Units Sold 61
Sell/List Ratio 62
Sales Dollars $34,935,350
Average Price / Unit $572,711
Price Ratio 98
Days To Sell 56
Active Listings at Month End 214
%
%
177
92
52
$58,305,100
$633,751
99
32
252
%
%
-45
-34
-40
-10
78
-15
%
%
%
%
%
%
507
299
59
$177,468,229
$593,539
99
48
%
%
629
329
52
$202,229,512
$614,679
99
37
%
%
-19
-9
-12
-3
30
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
3
2
67
$691,000
$345,500
95
172
%
%
0
0
$0
%
%
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 7
Units Sold 7
Sell/List Ratio 100
Sales Dollars $5,509,400
Average Price / Unit $787,057
Price Ratio 97
Days To Sell 36
Active Listings at Month End 15
%
%
12
7
58
$3,947,900
$563,986
97
36
19
%
%
-42
0
40
40
0
-21
%
%
%
%
%
%
43
23
53
$15,669,400
$681,278
98
31
%
%
53
34
64
$22,562,340
$663,598
98
47
%
%
-19
-32
-31
3
-35
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 2
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 3
%
%
5
7
140
$5,002,500
$714,643
99
20
4
%
%
-60
-100
-100
-25
%
%
%
%
%
%
6
4
67
$2,525,400
$631,350
99
42
%
%
15
10
67
$6,991,500
$699,150
99
37
%
%
-60
-60
-64
-10
13
%
%
%
%
%
2Victoria Real Estate Board Multiple Listing Service ®
23. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Recreational
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $177,500
Average Price / Unit $177,500
Price Ratio 91
Days To Sell 247
Active Listings at Month End 15
%
%
6
0
0
$0
23
%
%
-50
-35
%
%
%
%
%
%
11
3
27
$276,000
$92,000
91
250
%
%
21
3
14
$310,000
$103,333
97
13
%
%
-48
0
-11
-11
1821
%
%
%
%
%
Manufactured Home
Units Listed 21
Units Sold 13
Sell/List Ratio 62
Sales Dollars $2,650,400
Average Price / Unit $203,877
Price Ratio 97
Days To Sell 48
Active Listings at Month End 38
%
%
31
19
61
$3,850,100
$202,637
97
29
51
%
%
-32
-32
-31
1
68
-25
%
%
%
%
%
%
81
55
68
$10,681,625
$194,211
96
61
%
%
102
66
65
$12,707,888
$192,544
95
52
%
%
-21
-17
-16
1
18
%
%
%
%
%
Residential Lot
Units Listed 30
Units Sold 6
Sell/List Ratio 20
Sales Dollars $2,303,900
Average Price / Unit $383,983
Price Ratio 98
Days To Sell 60
Active Listings at Month End 134
%
%
32
17
53
$5,435,120
$319,713
89
220
195
%
%
-6
-65
-58
20
-73
-31
%
%
%
%
%
%
127
48
38
$23,289,274
$485,193
100
140
%
%
182
49
27
$15,076,520
$307,684
94
151
%
%
-30
-2
54
58
-7
%
%
%
%
%
Residential Lot - Waterfront
Units Listed 7
Units Sold 2
Sell/List Ratio 29
Sales Dollars $590,000
Average Price / Unit $295,000
Price Ratio 91
Days To Sell 248
Active Listings at Month End 34
%
%
6
4
67
$3,548,500
$887,125
96
237
26
%
%
17
-50
-83
-67
5
31
%
%
%
%
%
%
30
5
17
$2,433,125
$486,625
90
311
%
%
24
5
21
$4,348,500
$869,700
95
192
%
%
25
0
-44
-44
62
%
%
%
%
%
3Victoria Real Estate Board Multiple Listing Service ®
24. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Residential Acreage
Units Listed 11
Units Sold 8
Sell/List Ratio 73
Sales Dollars $3,731,000
Average Price / Unit $466,375
Price Ratio 95
Days To Sell 85
Active Listings at Month End 73
%
%
24
3
13
$1,464,000
$488,000
94
46
91
%
%
-54
167
155
-4
86
-20
%
%
%
%
%
%
63
28
44
$17,545,500
$626,625
93
114
%
%
73
21
29
$10,408,000
$495,619
93
172
%
%
-14
33
69
26
-34
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 6
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 31
%
%
6
2
33
$1,240,000
$620,000
91
529
29
%
%
0
-100
-100
7
%
%
%
%
%
%
20
7
35
$5,959,082
$851,297
88
105
%
%
21
4
19
$2,715,000
$678,750
94
310
%
%
-5
75
119
25
-66
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Sales Dollars $2,133,000
Average Price / Unit $1,066,500
Price Ratio 95
Days To Sell 78
Active Listings at Month End 7
%
%
7
1
14
$775,000
$775,000
97
18
12
%
%
-29
100
175
38
331
-42
%
%
%
%
%
%
23
15
65
$14,858,950
$990,597
97
41
%
%
18
5
28
$5,409,900
$1,081,980
98
25
%
%
28
200
175
-8
63
%
%
%
%
%
Revenue - Multi Unit
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 7
%
%
2
2
100
$2,988,000
$1,494,000
100
57
9
%
%
50
-100
-100
-22
%
%
%
%
%
%
12
1
8
$1,750,000
$1,750,000
88
30
%
%
8
3
38
$4,488,000
$1,496,000
96
77
%
%
50
-67
-61
17
-61
%
%
%
%
%
4Victoria Real Estate Board Multiple Listing Service ®
25. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Revenue - Apartment Block
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Sales Dollars $2,898,900
Average Price / Unit $1,449,450
Price Ratio 89
Days To Sell 136
Active Listings at Month End 4
%
%
1
1
100
$6,700,000
$6,700,000
94
88
2
%
%
0
100
-57
-78
54
100
%
%
%
%
%
%
6
3
50
$8,498,900
$2,832,967
93
128
%
%
7
2
29
$8,430,000
$4,215,000
93
79
%
%
-14
50
1
-33
62
%
%
%
%
%
Revenue - Commercial
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Sales Dollars $685,000
Average Price / Unit $685,000
Price Ratio 98
Days To Sell 51
Active Listings at Month End 40
%
%
6
6
100
$2,810,120
$468,353
99
103
30
%
%
0
-83
-76
46
-51
33
%
%
%
%
%
%
30
8
27
$7,015,900
$876,988
96
92
%
%
37
14
38
$8,180,120
$584,294
93
115
%
%
-19
-43
-14
50
-20
%
%
%
%
%
Revenue - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
0
1
$249,000
$249,000
100
21
0
%
%
-100
-100
%
%
%
%
%
%
1
0
0
$0
%
%
1
1
100
$249,000
$249,000
100
21
%
%
0
-100
-100
%
%
%
%
%
Business with Land & Building
Units Listed 4
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 38
%
%
8
1
13
$13
$13
180
31
%
%
-50
-100
-100
23
%
%
%
%
%
%
36
9
25
$20,352,973
$2,261,441
90
177
%
%
26
9
35
$6,770,059
$752,229
106
139
%
%
38
0
201
201
28
%
%
%
%
%
5Victoria Real Estate Board Multiple Listing Service ®
26. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Business Only
Units Listed 6
Units Sold 0
Sell/List Ratio 0
Sales Dollars -$165,500
Average Price / Unit
Price Ratio 99
Days To Sell 88
Active Listings at Month End 57
%
%
13
2
15
$177,600
$88,800
76
31
71
%
%
-54
-100
-193
184
-20
%
%
%
%
%
%
54
10
19
$930,500
$93,050
87
114
%
%
66
15
23
$1,356,600
$90,440
73
92
%
%
-18
-33
-31
3
24
%
%
%
%
%
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 4
%
%
1
0
0
$0
1
%
%
-100
300
%
%
%
%
%
%
2
0
0
$0
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Lease - Office
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 35
%
%
6
2
33
$37
$19
81
33
%
%
-50
-100
-100
6
%
%
%
%
%
%
27
2
7
$40
$20
402
%
%
27
9
33
$175
$19
170
%
%
0
-78
-77
3
137
%
%
%
%
%
Lease - Retail
Units Listed 8
Units Sold 1
Sell/List Ratio 13
Sales Dollars $1,650
Average Price / Unit $1,650
Price Ratio 103
Days To Sell 165
Active Listings at Month End 27
%
%
5
1
20
$29
$29
1
73
29
%
%
60
0
5625
5625
126
-7
%
%
%
%
%
%
22
5
23
$1,709
$342
110
266
%
%
25
6
24
$116
$19
2
110
%
%
-12
-17
1370
1664
141
%
%
%
%
%
6Victoria Real Estate Board Multiple Listing Service ®
27. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Lease - Warehouse
Units Listed 1
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 1
%
%
1
0
0
$0
1
%
%
0
0
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Lease - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
1
1
100
$9
$9
45
%
%
-100
-100
-100
%
%
%
%
%
Lease - Other
Units Listed 7
Units Sold 1
Sell/List Ratio 14
Sales Dollars $15
Average Price / Unit $15
Price Ratio
Days To Sell 34
Active Listings at Month End 49
%
%
2
5
250
$102
$20
187
28
%
%
250
-80
-85
-26
-82
75
%
%
%
%
%
%
41
1
2
$15
$15
34
%
%
22
8
36
$164
$20
158
%
%
86
-88
-91
-27
-78
%
%
%
%
%
Commercial Land
Units Listed 9
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 23
%
%
1
1
100
$620,000
$620,000
89
64
17
%
%
800
-100
-100
35
%
%
%
%
%
%
20
0
0
$0
%
%
16
2
13
$1,520,000
$760,000
84
250
%
%
25
-100
-100
%
%
%
%
%
7Victoria Real Estate Board Multiple Listing Service ®
28. Monthly Comparative Activity By Property Type
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
This Year % ChangeLast Year
Units Listed 1095
Units Sold 457
Sell/List Ratio 42
Sales Dollars $314,157,722
Average Price / Unit $687,435
Price Ratio 98
Days To Sell 47
Active Listings at Month End 2544
%
%
Grand Totals
1613
848
53
$575,534,998
$678,697
98
43
3019
%
%
-32
-46
-45
1
8
-16
%
%
%
%
%
%
4774
2326
49
$1,664,320,365
$715,529
98
50
%
%
5943
2934
49
$1,963,241,197
$669,135
98
47
%
%
-20
-21
-15
7
6
%
%
%
%
%
8Victoria Real Estate Board Multiple Listing Service ®