VREB Sept 2020 Stats

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
October 1, 2020
Consumer interest in homeownership in Victoria unwavering over course of pandemic
A total of 989 properties sold in the Victoria Real Estate Board region this September, 60.6 per cent
more than the 616 properties sold in September 2019 and 1 per cent more than the previous month of
August 2020. Sales of condominiums were up 26.7 per cent from September 2019 with 280 units sold.
Sales of single family homes were 91.9 per cent from September 2019 with 539 sold.
“Another month has passed where we have seen surprisingly high sales numbers – which included
quite a few higher end properties,” says Victoria Real Estate Board President Sandi-Jo Ayers. “I don’t
think that anyone who was trying to predict market outcomes in our area over the course of the
pandemic expected that the pent up demand from dampened sales in April and May would result in
this level of market activity. There’s no doubt that buyers are extremely motivated and this increased
demand, coupled with limited inventory, fueled the September market.”
There were 2,389 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of September 2020, 15.4 per cent fewer properties than the total available at the end of
September 2019 and a 7.5 per cent decrease from the 2,584 active listings for sale at the end of
August 2020.
“We had some much-needed new inventory enter the market over the course of September,” adds
Ayers. ”But the supply has not been sufficient to outstrip the heightened demand. We continue to see
multiple offers and pressure on pricing across many neighbourhoods. Looking forward, it is impossible
to determine what our fall market will look like, but if the past couple of months are an indication, we
may see higher seasonal numbers than we would have expected in a more predictable year. That
said, since our situation can change in a blink, we cannot look at the past months as the start of a
trend, but instead as a moment in our market during an unpredictable time.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in September 2019 was $849,100. The benchmark value for the same home in
September 2020 increased by 3.5 per cent to $879,200, 1.1 per cent less than August’s value of
$889,200. The MLS® HPI benchmark value for a condominium in the Victoria Core in September
2019 was $512,500, while the benchmark value for the same condominium in September 2020
decreased by 0.4 per cent to $510,600, 0.6 per cent less than the August value of $513.900.
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 1,376 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for
detailed information on the Victoria and area housing market.
PRESIDENT
Sandi-Jo Ayers
PRESIDENT ELECT
David Langlois
TREASURER
Karen Dinnie-Smyth
PAST PRESIDENT
Cheryl Woolley
DIRECTORS
Sheila Aujla
Robert Cole
Jackie Ngai
Graden Sol
Patrick Novotny
EXECUTIVE OFFICER
David Corey

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$Average$
September 2020
522
280
107
12
938
539
989
17
2,389
493
262
140
25
936
509
979
16
2,584
249
221
76
11
590
282
616
33
2,823
$1,075,891
$502,169
$601,116
$244,525
$1,076,026
$1,080,171
$875,000
$430,000
$555,000
$239,450
$875,000
$899,900
$1,002,604
$481,334
$622,407
$259,952
$998,291
$865,394
$885,000
$425,000
$573,450
$242,900
$880,000
$783,250
$905,964
$446,740
$588,287
$184,832
$887,663
$749,576
$820,000
$412,000
$546,975
$145,000
$799,900
$615,000
5.9%
6.9%
-23.6%
-52.0%
0.2%
5.9%
1.0%
6.3%
-7.5%
109.6%
26.7%
40.8%
9.1%
59.0%
91.1%
60.6%
-48.5%
-15.4%
7.3%
4.3%
-3.4%
-5.9%
7.8%
24.8%
18.8%
12.4%
2.2%
32.3%
21.2%
44.1%
-1.1%
1.2%
-3.2%
-1.4%
-0.6%
14.9%
6.7%
4.4%
1.5%
65.1%
9.4%
46.3%
August 2020 September 2019
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Total Residential: includes sales of residential property types
Total Sales: includes sales of all property types
Active Listings: total listings of all types on the market at midnight on the last day of the month
This Month Last Month
Produced: 01-Oct-2020
September 2020Previous Periods Comparison
This Month Last Year
Page 1 of 1Victoria Real Estate Board Multiple Listing Service ®
September 2020
Statistics Package for Media
Victoria Real Estate Board September 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

The ratio of counts of total residential sales over total active residential listings for the last 25 months Produced: 01-Oct-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)
Total new MLS® listings and total MLS® sales for entire district

The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
12 Months Ago
% Difference from 12 Months Ago (September 2019 to September 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB –
SF-All
Core – SF-All
Westshore – SF-All
Peninsula – SF-All
Gulf Islands – SF-All
Malahat & Area –
SF-All
5.3%
3.6%
7.6% 7.5%
3.4%
5.7%

MLS® HPI benchmark and value - Condominium / Apartments
12 Months Ago
% Difference from 12 Months Ago (September 2019 to September 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
All
2. Property Type
Condo Apartment (Con)
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
-0.4%
-4.0%
0.4%
8.1%

September 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
$991,200 $989,200
$986,300$984,100
$983,400
$981,300$960,800 $951,300
$946,400 $940,000
$909,000$899,500
$897,600
$895,500
$880,600
$875,800
$865,100$864,300
$861,800
$860,700
$858,900
$858,700
$856,900
$855,500
$853,600
$852,600
$841,300
$833,800
$830,800
$823,900
$821,000
$816,100
$813,400 $802,900
$801,700
$795,500$793,000
$792,700
$791,300
$790,900
$785,100
$785,000
$783,300
$781,000
$773,400
$768,300
$768,200
$758,500
$753,000
$750,900
$750,800
$747,700
$747,400
$745,100
$744,400
$741,100
$729,800
$720,000
$716,900
$713,900
$713,400
$709,900 $706,400
$705,200
$701,700
$700,900 $699,200
$698,500 $697,800
$697,300
$693,900$691,700 $691,100
$684,200
$680,800
$671,700
$665,600
$660,200 $656,400
$650,500
$642,000
$640,600
$638,700
$635,100
$629,600
$625,800
$623,400
$614,200
$612,900
$610,200
$607,200
$601,500
$598,900
$589,800
$580,800
$579,900
$575,600
$570,400
$563,400
$552,000
$545,500
$544,800
$542,500
$539,900
$536,900
$536,300
$535,400 $529,900
$518,800
$517,900
$494,200
$487,300
$482,900
$473,800
$463,400
$463,400
$462,100
$459,100
$455,400
$439,200
$437,700
$411,700
$394,500
$370,800
$357,100
$357,000
$351,700
$351,200
$349,200
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,232,500 $1,231,400$1,213,200$1,189,500 $1,184,500 $1,181,200
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
All
2. Property Type

Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
264.2 263.0 256.8 251.2
242.8 241.6
239.9
238.5
238.0236.8
235.1
234.2
234.0
233.3233.1
232.9
232.9
232.7
230.4
230.2
229.9
229.1
228.6
228.0 227.0
226.9
226.7
226.0
225.7
225.3224.6 224.4
224.3
224.0
223.3 223.1
222.8
222.2
222.1
222.0
221.5
220.2
219.9
219.8
219.1
218.3
218.3
218.1
217.7
217.5
217.3
217.2
217.2
217.2
217.1
216.6
216.6
216.2
216.1
216.1 215.5
215.5
215.2
214.6 214.0
213.2
213.0
212.6
212.2
212.0
211.2
211.0
210.9
210.7 210.2
208.9
208.5
205.7
205.4
204.7
204.2
203.4 203.0
202.0
201.8
201.2
200.8
199.8
198.7
196.9 196.2 194.8
194.2
193.0
192.9
191.5
190.5
189.0
186.9
184.2
184.2183.7
182.2
181.8
181.1
177.7
175.0
162.6
159.6
158.5
157.5
157.3
156.4
155.0
154.6
152.8
150.2
147.4
145.8
145.1
142.6
139.7
139.3
134.6
132.7
120.5 100.0
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
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
$837,700$814,700$780,800 $780,500 $779,800 $749,000
$635,900 $618,200$614,100 $608,100$596,700
$545,100
$536,300 $528,700 $527,300$521,600
$519,800$512,800
$510,600
$504,900$502,600
$501,800
$500,400
$497,200
$493,900$493,500
$487,600
$486,600 $482,300$481,500
$478,000$474,800
$474,400$473,400
$467,500
$465,800
$464,500
$456,500$454,000 $452,600 $448,400
$448,400
$447,800
$446,900
$440,400
$433,100$432,100
$432,100
$432,100
$430,600
$430,100
$428,900
$428,900$426,600
$425,200
$424,200
$422,700
$420,500 $417,600
$417,300$412,100
$407,800
$398,000
$393,200
$385,300
$385,200
$376,300
$369,000$367,900 $360,600
$353,300
$350,500
$338,800
$337,600
$331,200
$330,200
$317,000
$309,700
$303,300
$285,500
$265,500
$265,000
$261,900
$261,000
$254,100
$253,000
$210,400
$205,300
$203,900
$202,500
$191,500
$176,600
$171,400
$169,700
$161,300
$155,700
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
269.1
267.9
267.6 266.8
265.9264.5
264.3263.4
260.7 258.9
257.9257.7
254.9
254.9
252.7
252.5
252.1
251.5
251.3
251.3
251.2
250.6
249.6
247.9
247.9
247.8
247.6
247.5
247.4
247.3
246.5 245.4
244.7
244.3
244.1
242.7
240.5
240.3
240.3
239.4
238.2
237.9
237.8
237.5
237.0
236.3
236.3
236.3
235.8
233.4
233.3
231.6
231.1230.6
230.5 230.4 230.2
229.4
227.1
226.9
225.4
224.6
221.1
219.6
218.4
216.8
210.0
209.3
208.9
206.1
201.8
198.5
168.2
164.3
160.9
157.4
156.5
154.4
152.3
151.9
149.8
149.1
143.9
130.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
$732,100$725,900
$717,800$711,100
$703,000$689,800 $689,500
$681,600
$673,500
$673,200
$672,300
$664,500
$658,600
$652,500
$649,500
$646,200$642,100
$642,000
$639,100
$632,900
$632,300
$631,400
$628,000
$626,700
$626,000
$624,000
$623,500$623,200
$621,300
$613,700$612,300
$599,500
$597,700
$597,400
$595,800
$594,200
$593,300
$593,100$590,100
$588,800
$587,000
$586,300
$585,400
$582,600
$582,000
$581,900
$577,400
$576,700
$572,300
$567,000
$566,900
$564,600
$563,600
$563,200
$560,300 $555,800
$550,500
$550,000
$546,000
$540,100
$535,300
$534,700 $534,000
$532,900
$515,800
$512,500 $511,200
$509,200$507,100 $503,400 $501,900
$500,300
$495,300
$487,000
$486,500 $485,000
$484,800
$481,100
$481,100 $475,000
$467,100
$464,700
$463,500 $454,300
$452,100
$413,800
$410,400
$407,200
$405,700
$402,700
$396,400
$381,600
$367,600
$353,400
$348,100
$346,700
$334,600
$333,300
$322,600
$319,300
$287,700
$278,300
$269,500
$266,600
$266,100
$261,800
$256,100
$250,100
$247,600
$245,700
$241,900
$234,700
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type
Townhouse (Twn)

Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
289.9287.2 275.3 271.9 266.0
265.7256.7 250.3 249.3249.2
248.2 247.9
243.4240.6
240.1
239.8
238.7
238.3
237.6
236.8
234.1233.7
233.2
230.7
230.6
229.2
226.9
226.8
225.7
225.0
224.9
224.6
223.5
221.7
221.3
220.5
220.3
220.2
220.0
220.0
219.6
218.3
217.9
217.6 217.3
213.8 213.7
213.1
212.7
212.4
212.0
211.8
210.9
209.9
207.5
204.1
203.8
202.6
201.3
197.8
197.3
194.5193.7
193.1
192.6
192.3
192.1
191.7
191.0
190.0 189.4
189.2
188.7
188.0
187.9
187.3186.5185.7
185.5 181.0
177.6
177.5
177.4
169.9
167.1
152.6
152.3
152.2
149.6
149.1
148.3
146.1
144.7
137.8
130.3
127.3
124.7
121.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type
Townhouse (Twn)

Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels

Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
1. Area Group
VREB Area Summary
All
2. Property Type
HPI
Benchmark Price
Adding labels

Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
Townhouse (Twn)
HPI
Benchmark Price
Adding labels

Victoria REB – SF-All Victoria REB – Twn Victoria REB – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
200,000
300,000
400,000
500,000
600,000
700,000
800,000
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
Multiple values
HPI
Benchmark Price
Adding labels

Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
September 2020
District
Residential
Single Family Detachedl
Greater Victoria
Victoria / Victoria West 55 $57,572,700
Oak Bay 28 $71,161,000
Esquimalt 18 $15,647,600
View Royal 9 $7,775,079
Saanich East 89 $109,374,400
Saanich West 37 $38,744,918
Central Saanich 24 $24,646,500
North Saanich 30 $43,095,175
Sidney 21 $19,482,500
Highlands 8 $7,547,000
Colwood 26 $24,103,712
Langford 85 $69,168,299
Metchosin 3 $2,300,000
Sooke 53 $39,968,011
Gulf Islands 36 $31,028,010
Total Greater Victoria 522 $561,614,904
Other Areas
Malahat & Area 17 $18,362,900
Total Other Areas 17 $18,362,900
Total Single Family Detached 539 $579,977,804
Condo Apartmentl
Greater Victoria
Oak Bay 7 $4,508,900
Esquimalt 22 $11,512,913
View Royal 7 $2,684,700
Saanich East 43 $19,238,699
North Saanich 1 $575,000
Sidney 15 $7,789,000
Colwood 8 $3,504,000
Langford 35 $14,081,659
Sooke 4 $1,505,300
Total Condo Apartment 280 $140,607,250

Units Total Volume
September 2020
District
Row/Townhousel
Greater Victoria
Esquimalt 4 $1,987,000
View Royal 5 $3,366,900
Sidney 8 $4,643,000
Colwood 9 $5,103,000
Langford 30 $15,227,100
Sooke 2 $946,000
Other Areas
Malahat & Area 1 $830,000
Total Other Areas 1 $830,000
Total Row/Townhouse 107 $64,319,400
Manufactured Homel
Greater Victoria
View Royal 2 $404,800
Central Saanich 3 $887,500
Sidney 1 $468,000
Langford 3 $559,000
Sooke 1 $195,000
Gulf Islands 1 $350,000
Other Areas
Total Manufactured Home 12 $2,934,300
Total Residential 938 $787,838,754

Units Total Volume
September 2020
District
$826,320,347989Grand Totals
Other Property
Lots & Acreagel
Greater Victoria
Oak Bay 1 $1,835,000
View Royal 2 $3,249,900
Saanich East 1 $631,000
Colwood 2 $830,900
Sooke 6 $4,113,600
Other Areas
Total Lots & Acreage 34 $23,407,900
17 $15,073,693Other Commercial Propertiesl

Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
September 2020
District
Residential
Single Family Detachedl
Greater Victoria
Victoria 50 $53,870,800
Victoria West 5 $3,701,900
Oak Bay 25 $51,101,000
Esquimalt 17 $14,457,600
View Royal 9 $7,775,079
Sidney 20 $17,067,500
Highlands 7 $6,645,000
Colwood 26 $24,103,712
Langford 84 $68,278,299
Sooke 47 $32,678,011
Waterfront (all districts) 40 $84,500,683
Other Areas
Malahat & Area 14 $13,197,900
Total Other Areas 17 $18,362,900
Total Single Family Detached 539 $579,977,804
Condo Apartmentl
Greater Victoria
Victoria 93 $48,305,679
Oak Bay 5 $2,924,900
Esquimalt 17 $8,217,113
View Royal 7 $2,684,700
North Saanich 1 $575,000
Sidney 14 $6,904,000
Colwood 8 $3,504,000
Langford 35 $14,081,659
Total Condo Apartment 280 $140,607,250

Units Total Volume
September 2020
District
Row/Townhousel
Greater Victoria
Victoria 15 $10,955,000
View Royal 5 $3,366,900
Sidney 8 $4,643,000
Colwood 8 $4,353,000
Langford 30 $15,227,100
Sooke 1 $594,000
Other Areas
Waterfront (all districts) 1 $830,000
Total Row/Townhouse 107 $64,319,400
Manufactured Homel
Greater Victoria
View Royal 2 $404,800
Sidney 1 $468,000
Langford 3 $559,000
Sooke 1 $195,000
Gulf Islands 1 $350,000
Other Areas
Total Manufactured Home 12 $2,934,300
Total Residential 938 $787,838,754

Units Total Volume
September 2020
District
$826,320,347989Grand Totals
Other Property
Lots & Acreagel
Greater Victoria
Oak Bay 1 $1,835,000
View Royal 2 $3,249,900
Saanich East 1 $631,000
Colwood 2 $830,900
Sooke 6 $4,113,600
Other Areas
Total Lots & Acreage 34 $23,407,900
17 $15,073,693Other Commercial Propertiesl

Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
September 2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Jul2020
Aug2020
Sep2020
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)
Victoria Real Estate Board Multiple Listing Service ® Page 1 of 1

Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
September 2020
Current Month
This Year % ChangeLast Year
Year To Date
Single Family - Residential
Units Listed 463
Units Sold 422
Sell/List Ratio 91
Sales Dollars $415,561,210
Average Price / Unit $984,742
Price Ratio 99
Days To Sell 30
Active Listings at Month End 610
%
%
467
227
49
$191,063,279
$841,688
98
44
903
%
%
-1
86
117
17
-30
-32
%
%
%
%
%
%
3894
2630
68
$2,409,405,585
$916,124
99
36
%
%
4363
2428
56
$2,002,246,342
$824,648
98
41
%
%
-11
8
20
11
-12
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 34
Units Sold 42
Sell/List Ratio 124
Average Price / Unit $2,103,945
Price Ratio 94
Days To Sell 140
%
%
36
20
56
$26,633,000
$1,331,650
95
82
198
%
%
-6
110
232
58
69
-45
%
%
%
%
%
%
352
209
59
$375,423,427
$1,796,284
95
94
%
%
385
140
36
$182,712,532
$1,305,090
95
86
%
%
-9
49
105
38
9
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 46
Units Sold 44
Sell/List Ratio 96
Price Ratio 97
Days To Sell 60
%
%
42
23
55
$25,865,400
$1,124,583
94
93
184
%
%
10
91
111
10
-35
-37
%
%
%
%
%
%
420
265
63
$296,580,897
$1,119,173
97
62
%
%
439
201
46
$192,049,391
$955,470
96
75
%
%
-4
32
54
17
-17
%
%
%
%
%
Condo Apartment
Units Listed 449
Units Sold 280
Sell/List Ratio 62
Price Ratio 98
Days To Sell 42
%
%
334
221
66
$98,729,565
$446,740
98
46
609
%
%
34
27
42
12
-10
18
%
%
%
%
%
%
3159
1642
52
$795,457,494
$484,444
98
41
%
%
2852
1738
61
$808,772,228
$465,347
98
40
%
%
11
-6
-2
4
4
%
%
%
%
%

September 2020
Current Month
Year To Date
Row/Townhouse
Units Listed 143
Units Sold 107
Sell/List Ratio 75
Price Ratio 99
Days To Sell 32
%
%
143
75
52
$43,649,808
$581,997
99
29
253
%
%
0
43
47
3
7
-22
%
%
%
%
%
%
1139
770
68
$461,375,039
$599,188
99
44
%
%
1143
631
55
$380,944,038
$603,715
99
38
%
%
0
22
21
-1
16
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $553,000
Price Ratio 105
Days To Sell 15
%
%
0
0
$0
2
%
%
50
%
%
%
%
%
%
7
3
43
$1,244,000
$414,667
99
120
%
%
2
0
0
$0
%
%
250 %
%
%
%
%
Half Duplex (Side by Side)
Units Listed 19
Units Sold 18
Sell/List Ratio 95
Price Ratio 101
Days To Sell 29
%
%
10
3
30
$1,945,000
$648,333
99
16
15
%
%
90
500
577
13
76
133
%
%
%
%
%
%
145
95
66
$63,199,499
$665,258
100
31
%
%
99
63
64
$38,765,840
$615,331
98
46
%
%
46
51
63
8
-33
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 5
Units Sold 5
Sell/List Ratio 100
Price Ratio 99
Days To Sell 23
%
%
3
3
100
$2,014,300
$671,433
96
60
4
%
%
67
67
78
7
-61
25
%
%
%
%
%
%
23
17
74
$11,212,400
$659,553
99
31
%
%
29
19
66
$13,042,800
$686,463
98
40
%
%
-21
-11
-14
-4
-22
%
%
%
%
%

September 2020
Current Month
Year To Date
Recreational
Units Listed 4
Units Sold 4
Sell/List Ratio 100
Price Ratio 94
Days To Sell 46
%
%
2
2
100
$311,500
$155,750
96
139
19
%
%
100
100
180
40
-67
-32
%
%
%
%
%
%
30
15
50
$1,969,900
$131,327
94
162
%
%
34
17
50
$2,097,600
$123,388
93
85
%
%
-12
-12
-6
6
91
%
%
%
%
%
Manufactured Home
Units Listed 20
Units Sold 12
Sell/List Ratio 60
Price Ratio 95
Days To Sell 51
%
%
19
11
58
$2,033,150
$184,832
96
51
42
%
%
5
9
44
32
0
-21
%
%
%
%
%
%
155
117
75
$28,164,297
$240,720
95
58
%
%
181
127
70
$26,459,437
$208,342
95
54
%
%
-14
-8
6
16
8
%
%
%
%
%
Residential Lots
Units Listed 23
Units Sold 15
Sell/List Ratio 65
Price Ratio 99
Days To Sell 128
%
%
41
13
32
$4,647,395
$357,492
96
82
183
%
%
-44
15
111
82
55
-26
%
%
%
%
%
%
263
105
40
$49,432,974
$470,790
98
122
%
%
329
114
35
$36,629,535
$321,312
95
130
%
%
-20
-8
35
47
-6
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 10
Units Sold 7
Sell/List Ratio 70
Price Ratio 98
Days To Sell 73
%
%
2
0
0
$0
27
%
%
400
11
%
%
%
%
%
%
58
17
29
$12,473,625
$733,743
95
139
%
%
40
10
25
$6,115,944
$611,594
95
269
%
%
45
70
104
20
-48
%
%
%
%
%

September 2020
Current Month
Year To Date
Residential Acreage
Units Listed 7
Units Sold 10
Sell/List Ratio 143
Price Ratio 88
Days To Sell 136
%
%
10
6
60
$1,882,500
$313,750
90
99
90
%
%
-30
67
239
104
37
-33
%
%
%
%
%
%
116
61
53
$36,948,550
$605,714
92
152
%
%
128
41
32
$21,689,000
$529,000
93
139
%
%
-9
49
70
15
9
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Price Ratio 96
Days To Sell 114
%
%
3
1
33
$700,000
$700,000
97
18
30
%
%
67
100
32
-34
533
-10
%
%
%
%
%
%
35
19
54
$15,895,182
$836,589
91
187
%
%
35
10
29
$17,580,000
$1,758,000
96
243
%
%
0
90
-10
-52
-23
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 9
Units Sold 3
Sell/List Ratio 33
Price Ratio 97
Days To Sell 51
%
%
6
5
83
$3,548,500
$709,700
97
63
21
%
%
50
-40
-4
60
-19
-19
%
%
%
%
%
%
46
26
57
$25,990,450
$999,633
96
42
%
%
40
14
35
$12,260,300
$875,736
97
47
%
%
15
86
112
14
-10
%
%
%
%
%
Revenue - Multi Units
Units Listed 4
Units Sold 2
Sell/List Ratio 50
Price Ratio 97
Days To Sell 59
%
%
2
0
0
$0
6
%
%
100
267
%
%
%
%
%
%
37
9
24
$13,800,000
$1,533,333
92
78
%
%
15
5
33
$7,638,000
$1,527,600
96
77
%
%
147
80
81
0
2
%
%
%
%
%

September 2020
Current Month
Year To Date
Revenue - Apartment Block
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
%
%
1
0
0
$0
3
%
%
-100
-100
%
%
%
%
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
9
3
33
$11,280,000
$3,760,000
93
89
%
%
0
0
-25
-25
44
%
%
%
%
%
Revenue - Commercial
Units Listed 17
Units Sold 4
Sell/List Ratio 24
Price Ratio 100
Days To Sell 53
%
%
12
2
17
$5,485,000
$2,742,500
100
57
44
%
%
42
100
16
-42
-7
32
%
%
%
%
%
%
76
14
18
$14,394,450
$1,028,175
97
81
%
%
71
24
34
$17,884,120
$745,172
96
99
%
%
7
-42
-20
38
-19
%
%
%
%
%
Revenue - Industrial
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Price Ratio 90
Days To Sell 144
%
%
0
0
$0
1
%
%
1000
%
%
%
%
%
%
8
5
63
$2,965,200
$593,040
99
102
%
%
2
1
50
$249,000
$249,000
100
21
%
%
300
400
1091
138
385
%
%
%
%
%
Business with Land & Building
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Price Ratio 96
Days To Sell 226
%
%
7
1
14
$20
$20
107
29
%
%
-86
100
########
########
111
-72
%
%
%
%
%
%
42
19
45
$32,628,992
$1,717,315
91
152
%
%
45
12
27
$6,770,107
$564,176
106
131
%
%
-7
58
382
204
16
%
%
%
%
%

September 2020
Current Month
Year To Date
Business Only
Units Listed 5
Units Sold 3
Sell/List Ratio 60
Price Ratio 75
Days To Sell 108
%
%
13
2
15
$87,000
$43,500
65
298
69
%
%
-62
50
164
76
-64
-45
%
%
%
%
%
%
82
17
21
$1,333,000
$78,412
76
113
%
%
107
24
22
$1,908,500
$79,521
73
122
%
%
-23
-29
-30
-1
-7
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
0
0
$0
2
%
%
-100
-100
%
%
%
%
%
%
2
0
0
$0
%
%
2
0
0
$0
%
%
0 %
%
%
%
%
Lease - Office
Units Listed 16
Units Sold 1
Sell/List Ratio 6
Sales Dollars $17
Average Price / Unit $17
Price Ratio 100
Days To Sell 108
%
%
5
0
0
$0
24
%
%
220
229
%
%
%
%
%
%
80
5
6
$86
$17
179
231
%
%
40
10
25
$200
$20
183
%
%
100
-50
-57
-14
26
%
%
%
%
%
Lease - Retail
Units Listed 6
Units Sold 4
Sell/List Ratio 67
Sales Dollars $126
Average Price / Unit $31
Price Ratio 94
Days To Sell 133
%
%
2
0
0
$0
24
%
%
200
71
%
%
%
%
%
%
49
15
31
$2,008
$134
109
189
%
%
33
8
24
$173
$22
3
117
%
%
48
88
1059
518
62
%
%
%
%
%

September 2020
Current Month
Year To Date
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
1
%
%
-100
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Lease - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
3
1
33
$14
$14
111
304
%
%
1
1
100
$9
$9
45
%
%
200
0
56
56
576
%
%
%
%
%
Lease - Other
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
5
0
0
$0
25
%
%
-100
-96
%
%
%
%
%
%
51
2
4
$30
$15
61
%
%
40
13
33
$259
$20
164
%
%
28
-85
-88
-25
-63
%
%
%
%
%
Commercial Land
Units Listed 3
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
2
1
50
$320,000
$320,000
90
20
15
%
%
50
-100
-100
-7
%
%
%
%
%
%
29
0
0
$0
472
%
%
25
3
12
$1,840,000
$613,333
85
173
%
%
16
-100
-100
172
%
%
%
%
%

September 2020
Current Month
Year To Date
Units Listed 1294
Units Sold 989
Sell/List Ratio 76
Price Ratio 98
Days To Sell 44
%
%
Grand Totals
1168
616
53
$408,915,417
$663,824
98
49
2823
%
%
11
61
102
26
-9
-15
%
%
%
%
%
%
10311
6081
59
$4,658,395,999
$766,058
98
47
%
%
10490
5657
54
$3,788,935,354
$669,778
98
48
%
%
-2
7
23
14
-1
%
%
%
%
%

VREB Sept 2020 Stats

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