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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
Oct 1, 2021
A greater commitment to development required to balance local housing market
A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1 per cent fewer than
the 989 properties sold in September 2020 and 8.4 per cent fewer than the previous month of August.
Condominium sales were up 9.3 per cent from September 2020 with 306 units sold. 11.3 per cent fewer
condominiums sold in September 2021 than in the previous month of August. Sales of single family homes were
down 38.6 per cent from September 2020 with 331 sold. 7.3 per cent fewer single family homes sold in
September 2021 than in the previous month of August.
"We are in a situation this month that is very similar to last month," said Victoria Real Estate Board President
David Langlois. "We have seen a lot of demand for homes of all types, but very little inventory come onto the
market. And just like last month, it would be inaccurate to say that the market has slowed down and certainly an
oversimplification to say the market is experiencing traditional seasonal slowing. What we are experiencing is a
continued response to long-term low inventory levels.”
There were 1,124 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
September 2021, 53 per cent fewer properties than the 2,389 available at the end of September 2020 but four
properties more than the 1,120 active listings for sale at the end of August 2021.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
September 2020 was $879,700. The benchmark value for the same home in September 2021 increased by 25.1
per cent to $1,100,200, a 1 per cent increase from the previous month of August. The MLS® HPI benchmark
value for a condominium in the Victoria Core in September 2020 was $482,000, while the benchmark value for
the same condominium in September 2021 increased by 13.3 per cent to $545,900.
“It’s a complex market and it has been for some time here in Greater Victoria,'' added President Langlois. "We
have a lot of people who want to share in this wonderful community, but we do not have the homes to answer
the demand at all points in the housing spectrum. Adding more inventory – be it rental or market housing –
requires a commitment to building from our community members. If you support more homes, you need to
vocally support projects coming through your local municipal council. Many amazing developments never
happen or are buried in expense, which adds to the end cost, before they make it through years of permitting
because of opposition at public reviews – often by a small but vocal minority. In order to stop our cycle of
pressure on pricing due to limited supply, our community must choose to commit to new housing or commit to
prices escalating further."
About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and
innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,463 local Realtors. If you
are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.
PRESIDENT
David Langlois
PRESIDENT ELECT
Karen Dinnie-Smyth
TREASURER
Patrick Novotny
PAST PRESIDENT
Sandi-Jo Ayers
DIRECTORS
Sheila Aujla
Robert Cole
Laurie Lidstone
Jackie Ngai
Graden Sol
EXECUTIVE OFFICER
David Corey
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$
Average$
LY%
LM% LY%
LM% LY%
LM% Units Median$
Average$ Units Median$
Average$
September 2021
313
306
78
19
734
331
761
18
1,124
340
345
86
14
802
357
831
17
1,120
522
280
107
12
938
539
989
17
2,389
$1,228,014
$590,706
$764,071
$320,258
$1,219,772
$1,076,439
$1,093,750
$517,900
$744,450
$260,000
$1,080,000
$799,500
$1,224,438
$552,353
$716,949
$269,593
$1,222,627
$1,186,396
$1,094,000
$482,500
$699,000
$269,950
$1,088,000
$1,025,000
$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
$899,900
-7.9%
-11.3%
-9.3%
35.7%
-8.5%
-7.3%
-8.4%
5.9%
0.4%
-40.0%
9.3%
-27.1%
58.3%
-21.7%
-38.6%
-23.1%
5.9%
-53.0%
0.3%
6.9%
6.6%
18.8%
-0.2%
-9.3%
14.1%
17.6%
27.1%
31.0%
13.4%
-0.3%
0.0%
7.3%
6.5%
-3.7%
-0.7%
-22.0%
25.0%
20.4%
34.1%
8.6%
23.4%
-11.2%
August 2021 September 2020
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Total Residential: includes sales of residential property types
Total Sales: includes sales of all property types
Active Listings: total listings of all types on the market at midnight on the last day of the month
This Month Last Month
Produced: 01-Oct-2021
September 2021
Previous Periods Comparison
This Month Last Year
Page 1 of 1
Victoria Real Estate Board Multiple Listing Service ®
September 2021
Statistics Package for Media
Victoria Real Estate Board September 2021 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values
6DOHVWR$FWLYH/LVWLQJV5DWLR
The ratio of counts of total residential sales over total active residential listings for the last 25 months
6HSWHPEHU
Produced: 01-Oct-2021












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7KH6DOHVWR$FWLYH/LVWLQJV5DWLR
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HDFKRIWKHODVWPRQWKV
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GHPDQGUHVSHFWLYHO2EVHUYLQJWKHUDWLREHWZHHQWKHPFDQWKXVKHOSLQGLFDWHDEXHUV
PDUNHW
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$VVRFLDWLRQLQHDFKPDUNHWDUHDRIWKHSURYLQFHWKH6DOHVWR$FWLYH/LVWLQJV5DWLRIRU9LFWRULDFDQEH
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 EHORZWKHUHLVGRZQZDUGSUHVVXUHRQSULFHVEXHUV
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PDUNHW
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 September 2021 Statistics
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
Victoria Real Estate Board September 2021 Statistics
12	Months	Ago
%	Difference	from	12	Months	Ago	(September	2020	to	September	2021)
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
26.3%
25.1%
26.8%
25.2%
27.3%
33.3%
MLS® HPI benchmark and value - Condominium / Apartments
Victoria Real Estate Board September 2021 Statistics
12	Months	Ago
%	Difference	from	12	Months	Ago	(September	2020	to	September	2021)
Select	Timeframe:
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Condo	Apartment	(Con)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Con
Core	–	Con
Westshore	–	Con
Peninsula	–	Con
14.0%
13.3%
16.8%
15.5%
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
September	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	SF-All
Victoria	–	SF-All
Victoria	West	–	SF-All
Oak	Bay	–	SF-All
Esquimalt	–	SF-All
View	Royal	–	SF-All
Saanich	East	–	SF-All
Saanich	West	–	SF-All
Sooke	–	SF-All
Langford	–	SF-All
Metchosin	–	SF-All
Colwood	–	SF-All
Highlands	–	SF-All
North	Saanich	–	SF-All
Sidney	–	SF-All
Central	Saanich	–	SF-All
ML	Malahat		Area	–
SF-All
GI	Gulf	Islands	–	SF-All
$999,700
$995,300
$989,000
$976,500
$973,000
$968,800
$967,500
$967,300
$967,000
$960,800
$930,700
$930,700
$924,500
$917,800
$916,700
$912,400
$910,900
$907,100
$906,100
$904,600
$901,700
$900,300
$891,200
$888,800
$875,800
$874,900
$874,800
$874,700 $867,000
$864,300
$852,200
$850,000
$848,500
$847,500
$846,500
$844,700
$839,200
$838,600
$829,000
$815,000
$813,400
$812,500
$809,500
$802,600
$790,500
$788,900
$786,300
$781,300
$772,600
$772,100
$770,100
$769,400
$767,300
$760,600
$757,500
$750,900
$750,800
$748,800
$747,100
$740,400
$736,800
$732,700
$728,600
$724,500
$709,900
$691,700
$675,600
$674,100
$672,900
$665,300
$659,600
$649,700
$645,500
$642,100
$641,200
$639,400
$633,200
$630,100
$628,400
$620,400
$607,200
$583,700
$564,700
$564,300
$562,400
$558,100
$556,800
$552,000
$522,800
$509,400
$507,600
$494,100
$493,000
$487,900
$455,400
$440,900
$410,800
$394,500
$370,800
$358,000
$357,400
$350,700
$349,200
$332,600
$329,100
$316,500
$308,000
$292,400
$284,200
$282,300
$271,500
$265,000
$1,527,300
$1,513,500 $1,498,600 $1,352,300
$1,339,000 $1,335,600
$1,315,300
$1,314,900
$1,311,000
$1,272,500
$1,263,700
$1,245,500 $1,237,700 $1,233,200
$1,189,500
$1,121,600
$1,106,300
$1,105,800
$1,086,800
$1,084,700
$1,081,000
$1,046,800
$1,034,500
$1,032,500
$1,022,600
$1,019,300
$1,015,900
$1,015,100
$1,013,900
$1,006,400
$1,005,600
$1,001,200
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
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
September	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	SF-All
Victoria	–	SF-All
Victoria	West	–	SF-All
Oak	Bay	–	SF-All
Esquimalt	–	SF-All
View	Royal	–	SF-All
Saanich	East	–	SF-All
Saanich	West	–	SF-All
Sooke	–	SF-All
Langford	–	SF-All
Metchosin	–	SF-All
Colwood	–	SF-All
Highlands	–	SF-All
North	Saanich	–	SF-All
Sidney	–	SF-All
Central	Saanich	–	SF-All
ML	Malahat		Area	–
SF-All
GI	Gulf	Islands	–	SF-All
325.3 320.5 318.3
301.9
299.2
298.3 296.7
296.7 293.9
293.7
292.9
290.7 288.9
288.9
287.0
286.7
286.6
285.0
284.9
284.3
284.0
283.2
282.8
281.6
281.6
281.5
280.9
280.3
279.0
277.6
276.9
276.7
275.8
274.3
274.2
274.0
273.7
273.5
272.4
272.3
271.8
271.8
271.6
271.5
270.9
270.8
269.6
269.5
268.7
267.2
264.2
259.0
258.1
258.1
257.5
256.8
256.1
251.0
250.7
247.9
245.1
245.0
245.0
244.4
243.1
242.8
242.3
240.4
240.3
238.3
237.4
237.4
233.1
232.9
232.1
231.5
229.1
228.9
228.3
228.2
227.0
226.5
225.7
224.6
224.4
224.2
223.1
222.3
222.2
222.0
216.9
215.5
215.1
214.7
213.0
211.0
208.9
206.8
205.9
205.6
204.6
203.1
201.3
198.7
198.3
197.6
196.9
196.5
195.7
193.0
192.6
192.2
188.5
182.0
181.3
180.6
179.1
177.7
167.4
165.9
164.8
164.8
161.8
156.2
155.0
129.2 100.0
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)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
September	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Con
Victoria	–	Con
Victoria	West	–	Con
Oak	Bay	–	Con
Esquimalt	–	Con
View	Royal	–	Con
Saanich	East	–	Con
Saanich	West	–	Con
Sooke	–	Con
Langford	–	Con
Colwood	–	Con
North	Saanich	–	Con
Sidney	–	Con
Central	Saanich	–	Con
$742,100 $717,500 $706,800
$682,000
$681,700
$681,200
$677,600 $663,700
$654,500
$650,500 $637,200
$631,600
$615,000
$614,600
$596,500
$586,500
$565,200
$558,600
$558,500
$547,900
$546,500
$542,700 $538,800
$535,600
$528,300
$526,500
$525,400
$524,300
$523,800
$521,500
$503,700
$500,300
$497,700
$492,700
$491,700 $491,300
$488,800
$485,300
$485,300
$484,000
$481,900
$480,800 $480,200
$480,000
$476,100
$475,700
$475,400
$474,900
$473,700
$470,700
$469,300
$465,000
$461,700
$461,000
$459,800
$455,000
$450,900
$447,400
$444,700
$441,600
$436,800
$436,800
$433,400
$433,300
$430,300
$429,900 $426,700
$425,500
$414,200
$411,900
$409,600 $405,300
$401,600
$399,000
$398,500
$387,100
$382,300
$378,300
$375,800
$369,600
$365,000
$348,300
$347,200
$344,500
$340,000
$334,700
$325,800
$322,900
$318,800
$314,400
$309,200
$299,400
$298,900
$286,900
$284,600
$276,900
$274,000
$266,900
$238,700
$233,500
$205,900
$201,600
$200,600
$198,900
$190,600
$188,800
$160,600
$159,100
$155,000
$147,900
$129,900
$122,100
Benchmark	Price	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Condo	Apartment	(Con)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
September	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Con
Victoria	–	Con
Victoria	West	–	Con
Oak	Bay	–	Con
Esquimalt	–	Con
View	Royal	–	Con
Saanich	East	–	Con
Saanich	West	–	Con
Sooke	–	Con
Langford	–	Con
Colwood	–	Con
North	Saanich	–	Con
Sidney	–	Con
Central	Saanich	–	Con
340.6 330.5 318.3
315.2
313.2
311.9
309.8
306.8
302.6
302.2 301.8
300.7
300.1
300.1 298.9
297.9
287.5
286.3
286.0
285.6
285.4
285.2
281.9
280.9
278.9
278.5
278.0
277.0
275.6 274.8
274.6
274.2
273.6
271.7
270.2
269.9
268.8
268.2
267.2
265.4
264.8
264.6
264.4
262.0
261.0
260.1
258.5
257.9
257.5
257.2
255.2
254.6
253.9
253.2
252.4
252.2
249.9
248.5
248.1
248.1
246.3
246.2
245.3
245.1 244.9
244.7
244.2
243.7
239.7
238.7
236.8
235.9
235.7
234.0
224.8
224.4
224.2
222.1
219.0
217.3
216.0
214.5
211.8 201.7
194.0
192.9
188.2
183.0
180.7
180.1
179.7
177.9
177.2
166.0
162.9
162.4
152.7
144.1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Condo	Apartment	(Con)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
September	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Twn
Victoria	–	Twn
Victoria	West	–	Twn
Esquimalt	–	Twn
View	Royal	–	Twn
Saanich	East	–	Twn
Saanich	West	–	Twn
Sooke	–	Twn
Langford	–	Twn
Colwood	–	Twn
Sidney	–	Twn
Central	Saanich	–	Twn
ML	Malahat		Area	–	Twn
GI	Gulf	Islands	–	Twn $873,900 $868,800
$859,500
$850,700 $835,500 $827,900
$810,600
$802,400
$800,900
$800,900
$788,900
$773,600 $766,100
$764,600 $764,400
$764,200
$753,300
$750,400
$745,900
$741,500
$737,200
$729,000
$725,600
$724,300
$721,500
$718,800
$714,100
$707,200
$695,700
$691,900
$690,600
$690,500 $688,500
$681,800
$679,400
$676,900
$676,000
$671,300
$667,700
$667,200
$664,400
$662,500
$655,300
$653,300
$653,100
$642,100
$641,500
$640,500
$640,300
$632,300
$622,300
$619,300
$615,000
$599,300
$598,400
$594,700
$590,200
$587,400
$583,400
$582,000
$580,900
$579,600
$576,700
$573,500
$566,900
$562,800
$558,600
$557,200
$555,900
$543,000
$542,500
$541,500
$541,300
$532,400
$529,500
$524,900
$519,700
$511,300
$510,800
$507,500
$506,400
$500,500
$498,800
$474,200
$469,700
$461,300 $460,100
$459,500
$457,900
$453,300
$428,800
$417,600
$414,900
$414,100
$409,500
$385,500
$349,100
$345,600
$316,600
$303,000
$277,200
$269,500
$267,700
$266,100
$262,100
$260,600
$245,700
$241,900
$235,600
$229,000
$219,300
$204,100
Benchmark	Price	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
September	2021 1	Month	Ago 3	Months	Ago 6	Months	Ago 12	Months	Ago 3	Years	Ago 5	Years	Ago January	2005
Victoria	REB	–	Twn
Victoria	–	Twn
Victoria	West	–	Twn
Esquimalt	–	Twn
View	Royal	–	Twn
Saanich	East	–	Twn
Saanich	West	–	Twn
Sooke	–	Twn
Langford	–	Twn
Colwood	–	Twn
Sidney	–	Twn
Central	Saanich	–	Twn
ML	Malahat		Area	–	Twn
GI	Gulf	Islands	–	Twn
363.3
361.2 352.2 328.9
328.4 326.5
323.0
316.1 316.0
314.8 313.9
311.4
304.9
302.9
289.5
287.1
284.6
284.3
280.4
278.5
276.5
275.7
275.1
272.2
271.0
270.9
269.6
268.7
267.8
267.5
266.7
265.8
265.0
264.3
264.3
263.9
263.0
261.6
261.5
258.4
256.2
254.4
251.8
247.6
246.6
244.4
244.2
243.9
240.6
240.2
239.6
238.3
238.1
237.6
236.3
235.6
231.4
231.2
231.0
230.7
230.5
229.6
229.6
226.9
226.0
223.4
222.6
222.4
222.1
218.8
217.0
215.6
210.2
207.7
206.8
206.3
204.6
203.0
201.4 200.9
199.4
195.1
193.2
192.4
188.8
188.1
184.3
178.7
176.0
175.7
175.6
174.5
171.6
171.5
153.9
152.4
147.1
146.7
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI	by	Timeframe	and	Property	Type
Value	or	percent	change
Value
Percent	change
HPI	or	Benchmark	Price
HPI
Benchmark	Price
1.	Area	Group
VREB	District	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Townhouse	(Twn)
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	SF-All Core	–	SF-All Westshore	–	SF-All Peninsula	–	SF-All
Select	Date	Range:
All	values Jan	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
Multiple	values
2.	Property	Type
–	Single	Family-All	(SF-All)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Con Core	–	Con Westshore	–	Con Peninsula	–	Con
Select	Date	Range:
All	values
Jan	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
All
2.	Property	Type
–	Condo	Apartment	(Con)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	Twn Core	–	Twn Westshore	–	Twn Peninsula	–	Twn
Select	Date	Range:
All	values Jan	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
300,000
400,000
500,000
600,000
700,000
800,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
Multiple	values
2.	Property	Type
–	Townhouse	(Twn)
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Note:	Areas	with	insufficient	sales	are	not	included	in	the	HPI.
Source:	Victoria	Real	Estate	Board
Victoria	REB	–	SF-All Victoria	REB	–	Twn Victoria	REB	–	Con
Select	Date	Range:
All	values Jan	2006
Jan	2008
Jan	2010
Jan	2012
Jan	2014
Jan	2016
Jan	2018
Jan	2020
Jan	2022
Benchmark	Price	($)
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Benchmark	Price	Performance	over	Time
1.	Area	Group
VREB	Area	Summary
3.	Area/Property	Type	Selection
Multiple	values
2.	Property	Type
Multiple	values
HPI	or	Benchmark	Price
HPI
Benchmark	Price
Adding	labels
Hold	Ctrl	(Cmd)	and	select	points	on	the	chart	to	show	multiple	date/value	labels
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
September 2021
District
Produced: 01-Oct-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria / Victoria West 40 $51,989,594
Oak Bay 17 $32,934,000
Esquimalt 6 $7,119,000
View Royal 4 $4,393,000
Saanich East 55 $74,377,818
Saanich West 27 $32,215,899
Central Saanich 11 $15,378,379
North Saanich 16 $30,084,000
Sidney 11 $10,986,000
Colwood 16 $16,078,500
Langford 42 $43,646,820
Metchosin 5 $11,000,000
Sooke 28 $23,779,390
Gulf Islands 35 $30,386,098
Total Greater Victoria 313 $384,368,498
Other Areas
Malahat  Area 18 $19,375,900
Total Other Areas 18 $19,375,900
Total Single Family Detached 331 $403,744,398
Condo Apartment
l
Greater Victoria
Victoria / Victoria West 134 $83,176,538
Oak Bay 8 $6,483,000
Esquimalt 16 $9,356,961
View Royal 15 $7,861,200
Saanich East 30 $20,668,350
Saanich West 16 $6,398,400
Central Saanich 5 $2,280,001
Sidney 23 $13,655,500
Colwood 4 $2,115,000
Langford 52 $26,361,778
Sooke 2 $1,950,450
Gulf Islands 1 $449,000
Total Greater Victoria 306 $180,756,178
Total Condo Apartment 306 $180,756,178
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
September 2021
District
Produced: 01-Oct-2021
Row/Townhouse
l
Greater Victoria
Victoria / Victoria West 15 $12,320,650
Esquimalt 3 $2,135,000
View Royal 4 $2,342,000
Saanich East 11 $9,791,240
Saanich West 3 $2,855,000
Central Saanich 3 $1,845,900
North Saanich 1 $814,000
Sidney 11 $8,833,000
Colwood 2 $1,251,999
Langford 20 $14,717,845
Sooke 3 $1,654,000
Gulf Islands 2 $1,036,900
Total Greater Victoria 78 $59,597,534
Total Row/Townhouse 78 $59,597,534
Manufactured Home
l
Greater Victoria
View Royal 5 $920,900
Central Saanich 4 $1,410,000
Sidney 2 $1,169,000
Langford 6 $2,165,000
Sooke 2 $420,000
Total Greater Victoria 19 $6,084,900
Total Manufactured Home 19 $6,084,900
Total Residential 734 $650,183,010
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark I)
Residential Waterfront Properties Integrated Into Their Own Districts
Units Total Volume
September 2021
District
Produced: 01-Oct-2021
$675,200,254
761
Grand Totals
Other Property
Lots  Acreage
l
Greater Victoria
Victoria / Victoria West 2 $2,399,900
Saanich East 1 $411,000
North Saanich 2 $2,875,000
Highlands 1 $735,000
Colwood 1 $550,000
Langford 5 $2,614,000
Sooke -5 ($1,811,695)
Gulf Islands 7 $2,750,000
Total Greater Victoria 14 $10,523,205
Other Areas
Malahat  Area 2 $2,179,999
Total Other Areas 2 $2,179,999
Total Lots  Acreage 16 $12,703,204
2 $2,480,000
Commercial Land
l
9 $9,834,040
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
September 2021
District
Produced: 01-Oct-2021
Residential
Single Family Detached
l
Greater Victoria
Victoria 38 $49,323,028
Victoria West 1 $999,900
Oak Bay 17 $32,934,000
Esquimalt 6 $7,119,000
View Royal 4 $4,393,000
Saanich East 54 $72,027,818
Saanich West 27 $32,215,899
Central Saanich 11 $15,378,379
North Saanich 13 $21,735,000
Sidney 11 $10,986,000
Colwood 16 $16,078,500
Langford 42 $43,646,820
Metchosin 5 $11,000,000
Sooke 27 $21,919,390
Gulf Islands 27 $21,664,098
Waterfront (all districts) 14 $22,947,667
Total Greater Victoria 313 $384,368,498
Other Areas
Malahat  Area 18 $19,375,900
Total Other Areas 18 $19,375,900
Total Single Family Detached 331 $403,744,398
Condo Apartment
l
Greater Victoria
Victoria 112 $64,876,138
Victoria West 13 $9,500,400
Oak Bay 7 $5,842,000
Esquimalt 16 $9,356,961
View Royal 15 $7,861,200
Saanich East 30 $20,668,350
Saanich West 17 $6,948,400
Central Saanich 4 $1,740,001
Sidney 23 $13,655,500
Colwood 3 $1,254,000
Langford 51 $25,820,778
Waterfront (all districts) 15 $13,232,450
Total Greater Victoria 306 $180,756,178
Total Condo Apartment 306 $180,756,178
Page 1 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
September 2021
District
Produced: 01-Oct-2021
Row/Townhouse
l
Greater Victoria
Victoria 13 $10,440,400
Victoria West 2 $1,880,250
Esquimalt 3 $2,135,000
View Royal 4 $2,342,000
Saanich East 11 $9,791,240
Saanich West 3 $2,855,000
Central Saanich 3 $1,845,900
North Saanich 1 $814,000
Sidney 10 $7,638,000
Colwood 2 $1,251,999
Langford 20 $14,717,845
Sooke 2 $1,224,000
Gulf Islands 2 $1,036,900
Waterfront (all districts) 2 $1,625,000
Total Greater Victoria 78 $59,597,534
Total Row/Townhouse 78 $59,597,534
Manufactured Home
l
Greater Victoria
View Royal 5 $920,900
Central Saanich 4 $1,410,000
Sidney 2 $1,169,000
Langford 5 $1,375,000
Sooke 2 $420,000
Waterfront (all districts) 1 $790,000
Total Greater Victoria 19 $6,084,900
Total Manufactured Home 19 $6,084,900
Total Residential 734 $650,183,010
Page 2 of 3
Victoria Real Estate Board Multiple Listing Service ®
Monthly Sales Summary (Mark II)
Waterfront Properties Segregated Into a 'Waterfront' District
Units Total Volume
September 2021
District
Produced: 01-Oct-2021
$675,200,254
761
Grand Totals
Other Property
Lots  Acreage
l
Greater Victoria
Victoria / Victoria West 2 $2,399,900
Saanich East 1 $411,000
North Saanich 2 $2,875,000
Highlands 1 $735,000
Colwood 1 $550,000
Langford 5 $2,614,000
Sooke -5 ($1,811,695)
Gulf Islands 7 $2,750,000
Total Greater Victoria 14 $10,523,205
Other Areas
Malahat  Area 2 $2,179,999
Total Other Areas 2 $2,179,999
Total Lots  Acreage 16 $12,703,204
2 $2,480,000
Commercial Land
l
9 $9,834,040
Other Commercial Properties
l
Page 3 of 3
Victoria Real Estate Board Multiple Listing Service ®
Sales to Active Listings Ratio
The ratio of counts of total residential sales over total active residential listings for the last 25 months
September 2021
Produced: 01-Oct-2021
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
Sep
2019
Oct
2019
Nov
2019
Dec
2019
Jan
2020
Feb
2020
Mar
2020
Apr
2020
May
2020
Jun
2020
Jul
2020
Aug
2020
Sep
2020
Oct
2020
Nov
2020
Dec
2020
Jan
2021
Feb
2021
Mar
2021
Apr
2021
May
2021
Jun
2021
Jul
2021
Aug
2021
Sep
2021
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 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Oct-2021
Single Family - Residential
Units Listed 332
Units Sold 260
Sell/List Ratio 78
Sales Dollars $304,086,731
Average Price / Unit $1,169,564
Price Ratio 102
Days To Sell 22
Active Listings at Month End 283
%
%
463
422
91
$415,561,210
$984,742
99
30
610
%
%
-28
-38
-27
19
-28
-54
%
%
%
%
%
%
3744
3061
82
$3,470,122,887
$1,133,657
103
19
%
%
3894
2630
68
$2,409,405,585
$916,124
99
36
%
%
-4
16
44
24
-47
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 32
Units Sold 12
Sell/List Ratio 38
Sales Dollars $21,224,000
Average Price / Unit $1,768,667
Price Ratio 97
Days To Sell 27
Active Listings at Month End 63
%
%
34
42
124
$88,365,683
$2,103,945
94
140
109
%
%
-6
-71
-76
-16
-81
-42
%
%
%
%
%
%
303
204
67
$405,947,886
$1,989,941
99
50
%
%
352
209
59
$375,423,427
$1,796,284
95
94
%
%
-14
-2
8
11
-47
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 44
Units Sold 33
Sell/List Ratio 75
Sales Dollars $54,825,500
Average Price / Unit $1,661,379
Price Ratio 97
Days To Sell 39
Active Listings at Month End 65
%
%
46
44
96
$54,465,512
$1,237,853
97
60
116
%
%
-4
-25
1
34
-36
-44
%
%
%
%
%
%
386
297
77
$454,192,184
$1,529,267
100
40
%
%
420
265
63
$296,580,897
$1,119,173
97
62
%
%
-8
12
53
37
-36
%
%
%
%
%
Condo Apartment
Units Listed 331
Units Sold 306
Sell/List Ratio 92
Sales Dollars $180,756,178
Average Price / Unit $590,706
Price Ratio 101
Days To Sell 23
Active Listings at Month End 282
%
%
449
280
62
$140,607,250
$502,169
98
42
720
%
%
-26
9
29
18
-44
-61
%
%
%
%
%
%
3362
2812
84
$1,530,698,878
$544,345
100
27
%
%
3159
1642
52
$795,457,494
$484,444
98
41
%
%
6
71
92
12
-36
%
%
%
%
%
Page 1 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
September 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Oct-2021
Row/Townhouse
Units Listed 96
Units Sold 78
Sell/List Ratio 81
Sales Dollars $59,597,534
Average Price / Unit $764,071
Price Ratio 103
Days To Sell 18
Active Listings at Month End 77
%
%
143
107
75
$64,319,400
$601,116
99
32
198
%
%
-33
-27
-7
27
-42
-61
%
%
%
%
%
%
1064
920
86
$657,201,491
$714,349
102
22
%
%
1139
770
68
$461,375,039
$599,188
99
44
%
%
-7
19
42
19
-50
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 2
Units Sold 1
Sell/List Ratio 50
Sales Dollars $750,000
Average Price / Unit $750,000
Price Ratio 100
Days To Sell
Active Listings at Month End 6
%
%
3
1
33
$553,000
$553,000
105
15
3
%
%
-33
0
36
36
100
%
%
%
%
%
%
21
13
62
$13,604,300
$1,046,485
102
22
%
%
7
3
43
$1,244,000
$414,667
99
120
%
%
200
333
994
152
-82
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 22
Units Sold 18
Sell/List Ratio 82
Sales Dollars $15,186,167
Average Price / Unit $843,676
Price Ratio 108
Days To Sell 22
Active Listings at Month End 9
%
%
19
18
95
$13,176,399
$732,022
101
29
35
%
%
16
0
15
15
-25
-74
%
%
%
%
%
%
240
209
87
$165,843,681
$793,510
103
23
%
%
145
95
66
$63,199,499
$665,258
100
31
%
%
66
120
162
19
-27
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $860,000
Average Price / Unit $860,000
Price Ratio 98
Days To Sell 15
Active Listings at Month End 1
%
%
5
5
100
$3,582,000
$716,400
99
23
5
%
%
-80
-80
-76
20
-36
-80
%
%
%
%
%
%
37
28
76
$23,128,550
$826,020
104
16
%
%
23
17
74
$11,212,400
$659,553
99
31
%
%
61
65
106
25
-48
%
%
%
%
%
Page 2 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
September 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Oct-2021
Recreational
Units Listed 1
Units Sold 1
Sell/List Ratio 100
Sales Dollars $57,000
Average Price / Unit $57,000
Price Ratio 100
Days To Sell 4
Active Listings at Month End 5
%
%
4
4
100
$872,000
$218,000
94
46
13
%
%
-75
-75
-93
-74
-91
-62
%
%
%
%
%
%
25
26
104
$5,187,500
$199,519
102
219
%
%
30
15
50
$1,969,900
$131,327
94
162
%
%
-17
73
163
52
35
%
%
%
%
%
Manufactured Home
Units Listed 15
Units Sold 19
Sell/List Ratio 127
Sales Dollars $6,084,900
Average Price / Unit $320,258
Price Ratio 98
Days To Sell 45
Active Listings at Month End 33
%
%
20
12
60
$2,934,300
$244,525
95
51
33
%
%
-25
58
107
31
-11
0
%
%
%
%
%
%
205
144
70
$49,539,256
$344,023
100
37
%
%
155
117
75
$28,164,297
$240,720
95
58
%
%
32
23
76
43
-37
%
%
%
%
%
Residential Lots
Units Listed 27
Units Sold 13
Sell/List Ratio 48
Sales Dollars $7,563,900
Average Price / Unit $581,838
Price Ratio 95
Days To Sell 67
Active Listings at Month End 47
%
%
23
15
65
$9,786,200
$652,413
99
128
136
%
%
17
-13
-23
-11
-47
-65
%
%
%
%
%
%
223
180
81
$91,710,481
$509,503
98
79
%
%
263
105
40
$49,432,974
$470,790
98
122
%
%
-15
71
86
8
-36
%
%
%
%
%
Residential Lots - Waterfront
Units Listed 7
Units Sold -5
Sell/List Ratio -71
Sales Dollars -$1,615,695
Average Price / Unit $323,139
Price Ratio 96
Days To Sell 10
Active Listings at Month End 9
%
%
10
7
70
$6,310,500
$901,500
98
73
30
%
%
-30
-171
-126
-64
-86
-70
%
%
%
%
%
%
32
26
81
$16,301,900
$626,996
97
173
%
%
58
17
29
$12,473,625
$733,743
95
139
%
%
-45
53
31
-15
25
%
%
%
%
%
Page 3 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
September 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Oct-2021
Residential Acreage
Units Listed 12
Units Sold 6
Sell/List Ratio 50
Sales Dollars $3,024,999
Average Price / Unit $504,167
Price Ratio 102
Days To Sell 102
Active Listings at Month End 27
%
%
7
10
143
$6,388,200
$638,820
88
136
60
%
%
71
-40
-53
-21
-25
-55
%
%
%
%
%
%
91
79
87
$49,080,427
$621,271
99
105
%
%
116
61
53
$36,948,550
$605,714
92
152
%
%
-22
30
33
3
-31
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Sales Dollars $3,730,000
Average Price / Unit $1,865,000
Price Ratio 101
Days To Sell 53
Active Listings at Month End 5
%
%
5
2
40
$923,000
$461,500
96
114
27
%
%
-80
0
304
304
-54
-81
%
%
%
%
%
%
27
31
115
$32,421,900
$1,045,868
93
167
%
%
35
19
54
$15,895,182
$836,589
91
187
%
%
-23
63
104
25
-11
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 9
Units Sold 5
Sell/List Ratio 56
Sales Dollars $6,755,000
Average Price / Unit $1,351,000
Price Ratio 95
Days To Sell 32
Active Listings at Month End 6
%
%
9
3
33
$3,402,000
$1,134,000
97
51
17
%
%
0
67
99
19
-36
-65
%
%
%
%
%
%
83
48
58
$56,801,296
$1,183,360
101
21
%
%
46
26
57
$25,990,450
$999,633
96
42
%
%
80
85
119
18
-51
%
%
%
%
%
Revenue - Multi Units
Units Listed 7
Units Sold 2
Sell/List Ratio 29
Sales Dollars $4,500,000
Average Price / Unit $2,250,000
Price Ratio 97
Days To Sell 66
Active Listings at Month End 21
%
%
4
2
50
$2,375,000
$1,187,500
97
59
22
%
%
75
0
89
89
13
-5
%
%
%
%
%
%
59
28
47
$74,317,500
$2,654,196
96
80
%
%
37
9
24
$13,800,000
$1,533,333
92
78
%
%
59
211
439
73
2
%
%
%
%
%
Page 4 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
September 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Oct-2021
Revenue - Apartment Block
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
-100
-100
-100
%
%
%
%
%
Revenue - Commercial
Units Listed 7
Units Sold 4
Sell/List Ratio 57
Sales Dollars $2,545,000
Average Price / Unit $636,250
Price Ratio 86
Days To Sell 107
Active Listings at Month End 30
%
%
17
4
24
$6,368,550
$1,592,138
100
53
58
%
%
-59
0
-60
-60
102
-48
%
%
%
%
%
%
70
29
41
$31,734,296
$1,094,286
96
112
%
%
76
14
18
$14,394,450
$1,028,175
97
81
%
%
-8
107
120
6
39
%
%
%
%
%
Revenue - Industrial
Units Listed 5
Units Sold 1
Sell/List Ratio 20
Sales Dollars $2,789,000
Average Price / Unit $2,789,000
Price Ratio 98
Days To Sell 66
Active Listings at Month End 12
%
%
2
1
50
$1,035,000
$1,035,000
90
144
11
%
%
150
0
169
169
-54
9
%
%
%
%
%
%
26
14
54
$20,446,868
$1,460,491
98
80
%
%
8
5
63
$2,965,200
$593,040
99
102
%
%
225
180
590
146
-21
%
%
%
%
%
Business with Land  Building
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 3
%
%
1
2
200
$5,065,000
$2,532,500
96
226
8
%
%
-100
-100
-100
-63
%
%
%
%
%
%
6
2
33
$3,403,186
$1,701,593
85
142
%
%
42
19
45
$32,628,992
$1,717,315
91
152
%
%
-86
-89
-90
-1
-7
%
%
%
%
%
Page 5 of 8
Victoria Real Estate Board Multiple Listing Service ®
Monthly Comparative Activity By Property Type
Includes All MLS® Property Types
September 2021
Current Month
This Year % Change
Last Year
Year To Date
This Year % Change
Last Year
Produced: 01-Oct-2021
Business Only
Units Listed 9
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 48
%
%
5
3
60
$230,000
$76,667
75
108
38
%
%
80
-100
-100
26
%
%
%
%
%
%
76
14
18
$3,256,500
$232,607
92
167
%
%
82
17
21
$1,333,000
$78,412
76
113
%
%
-7
-18
144
197
47
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 0
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
2
0
0
$0
%
%
-100 %
%
%
%
%
Lease - Office
Units Listed 9
Units Sold 2
Sell/List Ratio 22
Sales Dollars $40
Average Price / Unit $20
Price Ratio 105
Days To Sell 173
Active Listings at Month End 49
%
%
16
1
6
$17
$17
100
108
79
%
%
-44
100
135
18
60
-38
%
%
%
%
%
%
77
17
22
$2,061
$121
97
141
%
%
80
5
6
$86
$17
179
231
%
%
-4
240
2297
605
-39
%
%
%
%
%
Lease - Retail
Units Listed 6
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
Active Listings at Month End 27
%
%
6
4
67
$126
$31
94
133
41
%
%
0
-100
-100
-34
%
%
%
%
%
%
53
21
40
$8,751
$417
92
142
%
%
49
15
31
$2,008
$134
109
189
%
%
8
40
336
211
-25
%
%
%
%
%
Page 6 of 8
Victoria Real Estate Board Multiple Listing Service ®

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VREB September 2021 Statistics Package

  • 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 Oct 1, 2021 A greater commitment to development required to balance local housing market A total of 761 properties sold in the Victoria Real Estate Board region this September, 23.1 per cent fewer than the 989 properties sold in September 2020 and 8.4 per cent fewer than the previous month of August. Condominium sales were up 9.3 per cent from September 2020 with 306 units sold. 11.3 per cent fewer condominiums sold in September 2021 than in the previous month of August. Sales of single family homes were down 38.6 per cent from September 2020 with 331 sold. 7.3 per cent fewer single family homes sold in September 2021 than in the previous month of August. "We are in a situation this month that is very similar to last month," said Victoria Real Estate Board President David Langlois. "We have seen a lot of demand for homes of all types, but very little inventory come onto the market. And just like last month, it would be inaccurate to say that the market has slowed down and certainly an oversimplification to say the market is experiencing traditional seasonal slowing. What we are experiencing is a continued response to long-term low inventory levels.” There were 1,124 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2021, 53 per cent fewer properties than the 2,389 available at the end of September 2020 but four properties more than the 1,120 active listings for sale at the end of August 2021. The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2020 was $879,700. The benchmark value for the same home in September 2021 increased by 25.1 per cent to $1,100,200, a 1 per cent increase from the previous month of August. The MLS® HPI benchmark value for a condominium in the Victoria Core in September 2020 was $482,000, while the benchmark value for the same condominium in September 2021 increased by 13.3 per cent to $545,900. “It’s a complex market and it has been for some time here in Greater Victoria,'' added President Langlois. "We have a lot of people who want to share in this wonderful community, but we do not have the homes to answer the demand at all points in the housing spectrum. Adding more inventory – be it rental or market housing – requires a commitment to building from our community members. If you support more homes, you need to vocally support projects coming through your local municipal council. Many amazing developments never happen or are buried in expense, which adds to the end cost, before they make it through years of permitting because of opposition at public reviews – often by a small but vocal minority. In order to stop our cycle of pressure on pricing due to limited supply, our community must choose to commit to new housing or commit to prices escalating further." About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,463 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market. PRESIDENT David Langlois PRESIDENT ELECT Karen Dinnie-Smyth TREASURER Patrick Novotny PAST PRESIDENT Sandi-Jo Ayers DIRECTORS Sheila Aujla Robert Cole Laurie Lidstone Jackie Ngai Graden Sol EXECUTIVE OFFICER David Corey
  • 2. Sales by Property Type Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condo Apartment Row/Townhouse Manufactured Home Total Residential Total Sales Active Listings Units Median$ Average$ LY% LM% LY% LM% LY% LM% Units Median$ Average$ Units Median$ Average$ September 2021 313 306 78 19 734 331 761 18 1,124 340 345 86 14 802 357 831 17 1,120 522 280 107 12 938 539 989 17 2,389 $1,228,014 $590,706 $764,071 $320,258 $1,219,772 $1,076,439 $1,093,750 $517,900 $744,450 $260,000 $1,080,000 $799,500 $1,224,438 $552,353 $716,949 $269,593 $1,222,627 $1,186,396 $1,094,000 $482,500 $699,000 $269,950 $1,088,000 $1,025,000 $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 $899,900 -7.9% -11.3% -9.3% 35.7% -8.5% -7.3% -8.4% 5.9% 0.4% -40.0% 9.3% -27.1% 58.3% -21.7% -38.6% -23.1% 5.9% -53.0% 0.3% 6.9% 6.6% 18.8% -0.2% -9.3% 14.1% 17.6% 27.1% 31.0% 13.4% -0.3% 0.0% 7.3% 6.5% -3.7% -0.7% -22.0% 25.0% 20.4% 34.1% 8.6% 23.4% -11.2% August 2021 September 2020 Legend Units: net number of listings sold LM%: percentage change since Last Month LY%: percentage change since This Month Last Year Average$: average selling price Median$: median selling price Total Residential: includes sales of residential property types Total Sales: includes sales of all property types Active Listings: total listings of all types on the market at midnight on the last day of the month This Month Last Month Produced: 01-Oct-2021 September 2021 Previous Periods Comparison This Month Last Year Page 1 of 1 Victoria Real Estate Board Multiple Listing Service ® September 2021 Statistics Package for Media Victoria Real Estate Board September 2021 Statistics Previous Periods Comparison of Unit Sales, Average Prices and Median Prices Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values
  • 3. 6DOHVWR$FWLYH/LVWLQJV5DWLR The ratio of counts of total residential sales over total active residential listings for the last 25 months 6HSWHPEHU Produced: 01-Oct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
  • 5. 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 September 2021 Statistics Total new MLS® listings and total MLS® sales for entire district
  • 6. 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 September 2021 Statistics 12 Months Ago % Difference from 12 Months Ago (September 2020 to September 2021) 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 26.3% 25.1% 26.8% 25.2% 27.3% 33.3%
  • 7. MLS® HPI benchmark and value - Condominium / Apartments Victoria Real Estate Board September 2021 Statistics 12 Months Ago % Difference from 12 Months Ago (September 2020 to September 2021) Select Timeframe: 1. Area Group VREB Area Summary 3. Area/Property Type Selection All 2. Property Type – Condo Apartment (Con) Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Con Core – Con Westshore – Con Peninsula – Con 14.0% 13.3% 16.8% 15.5%
  • 8. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board September 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – SF-All Victoria – SF-All Victoria West – SF-All Oak Bay – SF-All Esquimalt – SF-All View Royal – SF-All Saanich East – SF-All Saanich West – SF-All Sooke – SF-All Langford – SF-All Metchosin – SF-All Colwood – SF-All Highlands – SF-All North Saanich – SF-All Sidney – SF-All Central Saanich – SF-All ML Malahat Area – SF-All GI Gulf Islands – SF-All $999,700 $995,300 $989,000 $976,500 $973,000 $968,800 $967,500 $967,300 $967,000 $960,800 $930,700 $930,700 $924,500 $917,800 $916,700 $912,400 $910,900 $907,100 $906,100 $904,600 $901,700 $900,300 $891,200 $888,800 $875,800 $874,900 $874,800 $874,700 $867,000 $864,300 $852,200 $850,000 $848,500 $847,500 $846,500 $844,700 $839,200 $838,600 $829,000 $815,000 $813,400 $812,500 $809,500 $802,600 $790,500 $788,900 $786,300 $781,300 $772,600 $772,100 $770,100 $769,400 $767,300 $760,600 $757,500 $750,900 $750,800 $748,800 $747,100 $740,400 $736,800 $732,700 $728,600 $724,500 $709,900 $691,700 $675,600 $674,100 $672,900 $665,300 $659,600 $649,700 $645,500 $642,100 $641,200 $639,400 $633,200 $630,100 $628,400 $620,400 $607,200 $583,700 $564,700 $564,300 $562,400 $558,100 $556,800 $552,000 $522,800 $509,400 $507,600 $494,100 $493,000 $487,900 $455,400 $440,900 $410,800 $394,500 $370,800 $358,000 $357,400 $350,700 $349,200 $332,600 $329,100 $316,500 $308,000 $292,400 $284,200 $282,300 $271,500 $265,000 $1,527,300 $1,513,500 $1,498,600 $1,352,300 $1,339,000 $1,335,600 $1,315,300 $1,314,900 $1,311,000 $1,272,500 $1,263,700 $1,245,500 $1,237,700 $1,233,200 $1,189,500 $1,121,600 $1,106,300 $1,105,800 $1,086,800 $1,084,700 $1,081,000 $1,046,800 $1,034,500 $1,032,500 $1,022,600 $1,019,300 $1,015,900 $1,015,100 $1,013,900 $1,006,400 $1,005,600 $1,001,200 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 3. Area/Property Type Selection All 2. Property Type – Single Family-All (SF-All)
  • 9. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board September 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – SF-All Victoria – SF-All Victoria West – SF-All Oak Bay – SF-All Esquimalt – SF-All View Royal – SF-All Saanich East – SF-All Saanich West – SF-All Sooke – SF-All Langford – SF-All Metchosin – SF-All Colwood – SF-All Highlands – SF-All North Saanich – SF-All Sidney – SF-All Central Saanich – SF-All ML Malahat Area – SF-All GI Gulf Islands – SF-All 325.3 320.5 318.3 301.9 299.2 298.3 296.7 296.7 293.9 293.7 292.9 290.7 288.9 288.9 287.0 286.7 286.6 285.0 284.9 284.3 284.0 283.2 282.8 281.6 281.6 281.5 280.9 280.3 279.0 277.6 276.9 276.7 275.8 274.3 274.2 274.0 273.7 273.5 272.4 272.3 271.8 271.8 271.6 271.5 270.9 270.8 269.6 269.5 268.7 267.2 264.2 259.0 258.1 258.1 257.5 256.8 256.1 251.0 250.7 247.9 245.1 245.0 245.0 244.4 243.1 242.8 242.3 240.4 240.3 238.3 237.4 237.4 233.1 232.9 232.1 231.5 229.1 228.9 228.3 228.2 227.0 226.5 225.7 224.6 224.4 224.2 223.1 222.3 222.2 222.0 216.9 215.5 215.1 214.7 213.0 211.0 208.9 206.8 205.9 205.6 204.6 203.1 201.3 198.7 198.3 197.6 196.9 196.5 195.7 193.0 192.6 192.2 188.5 182.0 181.3 180.6 179.1 177.7 167.4 165.9 164.8 164.8 161.8 156.2 155.0 129.2 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 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)
  • 10. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board September 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Con Victoria – Con Victoria West – Con Oak Bay – Con Esquimalt – Con View Royal – Con Saanich East – Con Saanich West – Con Sooke – Con Langford – Con Colwood – Con North Saanich – Con Sidney – Con Central Saanich – Con $742,100 $717,500 $706,800 $682,000 $681,700 $681,200 $677,600 $663,700 $654,500 $650,500 $637,200 $631,600 $615,000 $614,600 $596,500 $586,500 $565,200 $558,600 $558,500 $547,900 $546,500 $542,700 $538,800 $535,600 $528,300 $526,500 $525,400 $524,300 $523,800 $521,500 $503,700 $500,300 $497,700 $492,700 $491,700 $491,300 $488,800 $485,300 $485,300 $484,000 $481,900 $480,800 $480,200 $480,000 $476,100 $475,700 $475,400 $474,900 $473,700 $470,700 $469,300 $465,000 $461,700 $461,000 $459,800 $455,000 $450,900 $447,400 $444,700 $441,600 $436,800 $436,800 $433,400 $433,300 $430,300 $429,900 $426,700 $425,500 $414,200 $411,900 $409,600 $405,300 $401,600 $399,000 $398,500 $387,100 $382,300 $378,300 $375,800 $369,600 $365,000 $348,300 $347,200 $344,500 $340,000 $334,700 $325,800 $322,900 $318,800 $314,400 $309,200 $299,400 $298,900 $286,900 $284,600 $276,900 $274,000 $266,900 $238,700 $233,500 $205,900 $201,600 $200,600 $198,900 $190,600 $188,800 $160,600 $159,100 $155,000 $147,900 $129,900 $122,100 Benchmark Price by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type – Condo Apartment (Con)
  • 11. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board September 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Con Victoria – Con Victoria West – Con Oak Bay – Con Esquimalt – Con View Royal – Con Saanich East – Con Saanich West – Con Sooke – Con Langford – Con Colwood – Con North Saanich – Con Sidney – Con Central Saanich – Con 340.6 330.5 318.3 315.2 313.2 311.9 309.8 306.8 302.6 302.2 301.8 300.7 300.1 300.1 298.9 297.9 287.5 286.3 286.0 285.6 285.4 285.2 281.9 280.9 278.9 278.5 278.0 277.0 275.6 274.8 274.6 274.2 273.6 271.7 270.2 269.9 268.8 268.2 267.2 265.4 264.8 264.6 264.4 262.0 261.0 260.1 258.5 257.9 257.5 257.2 255.2 254.6 253.9 253.2 252.4 252.2 249.9 248.5 248.1 248.1 246.3 246.2 245.3 245.1 244.9 244.7 244.2 243.7 239.7 238.7 236.8 235.9 235.7 234.0 224.8 224.4 224.2 222.1 219.0 217.3 216.0 214.5 211.8 201.7 194.0 192.9 188.2 183.0 180.7 180.1 179.7 177.9 177.2 166.0 162.9 162.4 152.7 144.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 HPI by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type – Condo Apartment (Con)
  • 12. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board September 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Twn Victoria – Twn Victoria West – Twn Esquimalt – Twn View Royal – Twn Saanich East – Twn Saanich West – Twn Sooke – Twn Langford – Twn Colwood – Twn Sidney – Twn Central Saanich – Twn ML Malahat Area – Twn GI Gulf Islands – Twn $873,900 $868,800 $859,500 $850,700 $835,500 $827,900 $810,600 $802,400 $800,900 $800,900 $788,900 $773,600 $766,100 $764,600 $764,400 $764,200 $753,300 $750,400 $745,900 $741,500 $737,200 $729,000 $725,600 $724,300 $721,500 $718,800 $714,100 $707,200 $695,700 $691,900 $690,600 $690,500 $688,500 $681,800 $679,400 $676,900 $676,000 $671,300 $667,700 $667,200 $664,400 $662,500 $655,300 $653,300 $653,100 $642,100 $641,500 $640,500 $640,300 $632,300 $622,300 $619,300 $615,000 $599,300 $598,400 $594,700 $590,200 $587,400 $583,400 $582,000 $580,900 $579,600 $576,700 $573,500 $566,900 $562,800 $558,600 $557,200 $555,900 $543,000 $542,500 $541,500 $541,300 $532,400 $529,500 $524,900 $519,700 $511,300 $510,800 $507,500 $506,400 $500,500 $498,800 $474,200 $469,700 $461,300 $460,100 $459,500 $457,900 $453,300 $428,800 $417,600 $414,900 $414,100 $409,500 $385,500 $349,100 $345,600 $316,600 $303,000 $277,200 $269,500 $267,700 $266,100 $262,100 $260,600 $245,700 $241,900 $235,600 $229,000 $219,300 $204,100 Benchmark Price by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type – Townhouse (Twn)
  • 13. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board September 2021 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005 Victoria REB – Twn Victoria – Twn Victoria West – Twn Esquimalt – Twn View Royal – Twn Saanich East – Twn Saanich West – Twn Sooke – Twn Langford – Twn Colwood – Twn Sidney – Twn Central Saanich – Twn ML Malahat Area – Twn GI Gulf Islands – Twn 363.3 361.2 352.2 328.9 328.4 326.5 323.0 316.1 316.0 314.8 313.9 311.4 304.9 302.9 289.5 287.1 284.6 284.3 280.4 278.5 276.5 275.7 275.1 272.2 271.0 270.9 269.6 268.7 267.8 267.5 266.7 265.8 265.0 264.3 264.3 263.9 263.0 261.6 261.5 258.4 256.2 254.4 251.8 247.6 246.6 244.4 244.2 243.9 240.6 240.2 239.6 238.3 238.1 237.6 236.3 235.6 231.4 231.2 231.0 230.7 230.5 229.6 229.6 226.9 226.0 223.4 222.6 222.4 222.1 218.8 217.0 215.6 210.2 207.7 206.8 206.3 204.6 203.0 201.4 200.9 199.4 195.1 193.2 192.4 188.8 188.1 184.3 178.7 176.0 175.7 175.6 174.5 171.6 171.5 153.9 152.4 147.1 146.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 HPI by Timeframe and Property Type Value or percent change Value Percent change HPI or Benchmark Price HPI Benchmark Price 1. Area Group VREB District Summary 3. Area/Property Type Selection All 2. Property Type – Townhouse (Twn)
  • 14. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All Select Date Range: All values Jan 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection Multiple values 2. Property Type – Single Family-All (SF-All) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 15. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Con Core – Con Westshore – Con Peninsula – Con Select Date Range: All values Jan 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection All 2. Property Type – Condo Apartment (Con) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 16. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn Select Date Range: All values Jan 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 300,000 400,000 500,000 600,000 700,000 800,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection Multiple values 2. Property Type – Townhouse (Twn) HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 17. Note: Areas with insufficient sales are not included in the HPI. Source: Victoria Real Estate Board Victoria REB – SF-All Victoria REB – Twn Victoria REB – Con Select Date Range: All values Jan 2006 Jan 2008 Jan 2010 Jan 2012 Jan 2014 Jan 2016 Jan 2018 Jan 2020 Jan 2022 Benchmark Price ($) 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 Benchmark Price Performance over Time 1. Area Group VREB Area Summary 3. Area/Property Type Selection Multiple values 2. Property Type Multiple values HPI or Benchmark Price HPI Benchmark Price Adding labels Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels
  • 18. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume September 2021 District Produced: 01-Oct-2021 Residential Single Family Detached l Greater Victoria Victoria / Victoria West 40 $51,989,594 Oak Bay 17 $32,934,000 Esquimalt 6 $7,119,000 View Royal 4 $4,393,000 Saanich East 55 $74,377,818 Saanich West 27 $32,215,899 Central Saanich 11 $15,378,379 North Saanich 16 $30,084,000 Sidney 11 $10,986,000 Colwood 16 $16,078,500 Langford 42 $43,646,820 Metchosin 5 $11,000,000 Sooke 28 $23,779,390 Gulf Islands 35 $30,386,098 Total Greater Victoria 313 $384,368,498 Other Areas Malahat Area 18 $19,375,900 Total Other Areas 18 $19,375,900 Total Single Family Detached 331 $403,744,398 Condo Apartment l Greater Victoria Victoria / Victoria West 134 $83,176,538 Oak Bay 8 $6,483,000 Esquimalt 16 $9,356,961 View Royal 15 $7,861,200 Saanich East 30 $20,668,350 Saanich West 16 $6,398,400 Central Saanich 5 $2,280,001 Sidney 23 $13,655,500 Colwood 4 $2,115,000 Langford 52 $26,361,778 Sooke 2 $1,950,450 Gulf Islands 1 $449,000 Total Greater Victoria 306 $180,756,178 Total Condo Apartment 306 $180,756,178 Page 1 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 19. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume September 2021 District Produced: 01-Oct-2021 Row/Townhouse l Greater Victoria Victoria / Victoria West 15 $12,320,650 Esquimalt 3 $2,135,000 View Royal 4 $2,342,000 Saanich East 11 $9,791,240 Saanich West 3 $2,855,000 Central Saanich 3 $1,845,900 North Saanich 1 $814,000 Sidney 11 $8,833,000 Colwood 2 $1,251,999 Langford 20 $14,717,845 Sooke 3 $1,654,000 Gulf Islands 2 $1,036,900 Total Greater Victoria 78 $59,597,534 Total Row/Townhouse 78 $59,597,534 Manufactured Home l Greater Victoria View Royal 5 $920,900 Central Saanich 4 $1,410,000 Sidney 2 $1,169,000 Langford 6 $2,165,000 Sooke 2 $420,000 Total Greater Victoria 19 $6,084,900 Total Manufactured Home 19 $6,084,900 Total Residential 734 $650,183,010 Page 2 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 20. Monthly Sales Summary (Mark I) Residential Waterfront Properties Integrated Into Their Own Districts Units Total Volume September 2021 District Produced: 01-Oct-2021 $675,200,254 761 Grand Totals Other Property Lots Acreage l Greater Victoria Victoria / Victoria West 2 $2,399,900 Saanich East 1 $411,000 North Saanich 2 $2,875,000 Highlands 1 $735,000 Colwood 1 $550,000 Langford 5 $2,614,000 Sooke -5 ($1,811,695) Gulf Islands 7 $2,750,000 Total Greater Victoria 14 $10,523,205 Other Areas Malahat Area 2 $2,179,999 Total Other Areas 2 $2,179,999 Total Lots Acreage 16 $12,703,204 2 $2,480,000 Commercial Land l 9 $9,834,040 Other Commercial Properties l Page 3 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 21. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume September 2021 District Produced: 01-Oct-2021 Residential Single Family Detached l Greater Victoria Victoria 38 $49,323,028 Victoria West 1 $999,900 Oak Bay 17 $32,934,000 Esquimalt 6 $7,119,000 View Royal 4 $4,393,000 Saanich East 54 $72,027,818 Saanich West 27 $32,215,899 Central Saanich 11 $15,378,379 North Saanich 13 $21,735,000 Sidney 11 $10,986,000 Colwood 16 $16,078,500 Langford 42 $43,646,820 Metchosin 5 $11,000,000 Sooke 27 $21,919,390 Gulf Islands 27 $21,664,098 Waterfront (all districts) 14 $22,947,667 Total Greater Victoria 313 $384,368,498 Other Areas Malahat Area 18 $19,375,900 Total Other Areas 18 $19,375,900 Total Single Family Detached 331 $403,744,398 Condo Apartment l Greater Victoria Victoria 112 $64,876,138 Victoria West 13 $9,500,400 Oak Bay 7 $5,842,000 Esquimalt 16 $9,356,961 View Royal 15 $7,861,200 Saanich East 30 $20,668,350 Saanich West 17 $6,948,400 Central Saanich 4 $1,740,001 Sidney 23 $13,655,500 Colwood 3 $1,254,000 Langford 51 $25,820,778 Waterfront (all districts) 15 $13,232,450 Total Greater Victoria 306 $180,756,178 Total Condo Apartment 306 $180,756,178 Page 1 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 22. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume September 2021 District Produced: 01-Oct-2021 Row/Townhouse l Greater Victoria Victoria 13 $10,440,400 Victoria West 2 $1,880,250 Esquimalt 3 $2,135,000 View Royal 4 $2,342,000 Saanich East 11 $9,791,240 Saanich West 3 $2,855,000 Central Saanich 3 $1,845,900 North Saanich 1 $814,000 Sidney 10 $7,638,000 Colwood 2 $1,251,999 Langford 20 $14,717,845 Sooke 2 $1,224,000 Gulf Islands 2 $1,036,900 Waterfront (all districts) 2 $1,625,000 Total Greater Victoria 78 $59,597,534 Total Row/Townhouse 78 $59,597,534 Manufactured Home l Greater Victoria View Royal 5 $920,900 Central Saanich 4 $1,410,000 Sidney 2 $1,169,000 Langford 5 $1,375,000 Sooke 2 $420,000 Waterfront (all districts) 1 $790,000 Total Greater Victoria 19 $6,084,900 Total Manufactured Home 19 $6,084,900 Total Residential 734 $650,183,010 Page 2 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 23. Monthly Sales Summary (Mark II) Waterfront Properties Segregated Into a 'Waterfront' District Units Total Volume September 2021 District Produced: 01-Oct-2021 $675,200,254 761 Grand Totals Other Property Lots Acreage l Greater Victoria Victoria / Victoria West 2 $2,399,900 Saanich East 1 $411,000 North Saanich 2 $2,875,000 Highlands 1 $735,000 Colwood 1 $550,000 Langford 5 $2,614,000 Sooke -5 ($1,811,695) Gulf Islands 7 $2,750,000 Total Greater Victoria 14 $10,523,205 Other Areas Malahat Area 2 $2,179,999 Total Other Areas 2 $2,179,999 Total Lots Acreage 16 $12,703,204 2 $2,480,000 Commercial Land l 9 $9,834,040 Other Commercial Properties l Page 3 of 3 Victoria Real Estate Board Multiple Listing Service ®
  • 24. Sales to Active Listings Ratio The ratio of counts of total residential sales over total active residential listings for the last 25 months September 2021 Produced: 01-Oct-2021 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 110% 120% Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021 Jul 2021 Aug 2021 Sep 2021 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
  • 25. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Single Family - Residential Units Listed 332 Units Sold 260 Sell/List Ratio 78 Sales Dollars $304,086,731 Average Price / Unit $1,169,564 Price Ratio 102 Days To Sell 22 Active Listings at Month End 283 % % 463 422 91 $415,561,210 $984,742 99 30 610 % % -28 -38 -27 19 -28 -54 % % % % % % 3744 3061 82 $3,470,122,887 $1,133,657 103 19 % % 3894 2630 68 $2,409,405,585 $916,124 99 36 % % -4 16 44 24 -47 % % % % % Single Family - Residential Waterfront Units Listed 32 Units Sold 12 Sell/List Ratio 38 Sales Dollars $21,224,000 Average Price / Unit $1,768,667 Price Ratio 97 Days To Sell 27 Active Listings at Month End 63 % % 34 42 124 $88,365,683 $2,103,945 94 140 109 % % -6 -71 -76 -16 -81 -42 % % % % % % 303 204 67 $405,947,886 $1,989,941 99 50 % % 352 209 59 $375,423,427 $1,796,284 95 94 % % -14 -2 8 11 -47 % % % % % Single Family - Residential Acreage Units Listed 44 Units Sold 33 Sell/List Ratio 75 Sales Dollars $54,825,500 Average Price / Unit $1,661,379 Price Ratio 97 Days To Sell 39 Active Listings at Month End 65 % % 46 44 96 $54,465,512 $1,237,853 97 60 116 % % -4 -25 1 34 -36 -44 % % % % % % 386 297 77 $454,192,184 $1,529,267 100 40 % % 420 265 63 $296,580,897 $1,119,173 97 62 % % -8 12 53 37 -36 % % % % % Condo Apartment Units Listed 331 Units Sold 306 Sell/List Ratio 92 Sales Dollars $180,756,178 Average Price / Unit $590,706 Price Ratio 101 Days To Sell 23 Active Listings at Month End 282 % % 449 280 62 $140,607,250 $502,169 98 42 720 % % -26 9 29 18 -44 -61 % % % % % % 3362 2812 84 $1,530,698,878 $544,345 100 27 % % 3159 1642 52 $795,457,494 $484,444 98 41 % % 6 71 92 12 -36 % % % % % Page 1 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 26. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Row/Townhouse Units Listed 96 Units Sold 78 Sell/List Ratio 81 Sales Dollars $59,597,534 Average Price / Unit $764,071 Price Ratio 103 Days To Sell 18 Active Listings at Month End 77 % % 143 107 75 $64,319,400 $601,116 99 32 198 % % -33 -27 -7 27 -42 -61 % % % % % % 1064 920 86 $657,201,491 $714,349 102 22 % % 1139 770 68 $461,375,039 $599,188 99 44 % % -7 19 42 19 -50 % % % % % Half Duplex (Up and Down) Units Listed 2 Units Sold 1 Sell/List Ratio 50 Sales Dollars $750,000 Average Price / Unit $750,000 Price Ratio 100 Days To Sell Active Listings at Month End 6 % % 3 1 33 $553,000 $553,000 105 15 3 % % -33 0 36 36 100 % % % % % % 21 13 62 $13,604,300 $1,046,485 102 22 % % 7 3 43 $1,244,000 $414,667 99 120 % % 200 333 994 152 -82 % % % % % Half Duplex (Side by Side) Units Listed 22 Units Sold 18 Sell/List Ratio 82 Sales Dollars $15,186,167 Average Price / Unit $843,676 Price Ratio 108 Days To Sell 22 Active Listings at Month End 9 % % 19 18 95 $13,176,399 $732,022 101 29 35 % % 16 0 15 15 -25 -74 % % % % % % 240 209 87 $165,843,681 $793,510 103 23 % % 145 95 66 $63,199,499 $665,258 100 31 % % 66 120 162 19 -27 % % % % % Half Duplex (Front and Back) Units Listed 1 Units Sold 1 Sell/List Ratio 100 Sales Dollars $860,000 Average Price / Unit $860,000 Price Ratio 98 Days To Sell 15 Active Listings at Month End 1 % % 5 5 100 $3,582,000 $716,400 99 23 5 % % -80 -80 -76 20 -36 -80 % % % % % % 37 28 76 $23,128,550 $826,020 104 16 % % 23 17 74 $11,212,400 $659,553 99 31 % % 61 65 106 25 -48 % % % % % Page 2 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 27. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Recreational Units Listed 1 Units Sold 1 Sell/List Ratio 100 Sales Dollars $57,000 Average Price / Unit $57,000 Price Ratio 100 Days To Sell 4 Active Listings at Month End 5 % % 4 4 100 $872,000 $218,000 94 46 13 % % -75 -75 -93 -74 -91 -62 % % % % % % 25 26 104 $5,187,500 $199,519 102 219 % % 30 15 50 $1,969,900 $131,327 94 162 % % -17 73 163 52 35 % % % % % Manufactured Home Units Listed 15 Units Sold 19 Sell/List Ratio 127 Sales Dollars $6,084,900 Average Price / Unit $320,258 Price Ratio 98 Days To Sell 45 Active Listings at Month End 33 % % 20 12 60 $2,934,300 $244,525 95 51 33 % % -25 58 107 31 -11 0 % % % % % % 205 144 70 $49,539,256 $344,023 100 37 % % 155 117 75 $28,164,297 $240,720 95 58 % % 32 23 76 43 -37 % % % % % Residential Lots Units Listed 27 Units Sold 13 Sell/List Ratio 48 Sales Dollars $7,563,900 Average Price / Unit $581,838 Price Ratio 95 Days To Sell 67 Active Listings at Month End 47 % % 23 15 65 $9,786,200 $652,413 99 128 136 % % 17 -13 -23 -11 -47 -65 % % % % % % 223 180 81 $91,710,481 $509,503 98 79 % % 263 105 40 $49,432,974 $470,790 98 122 % % -15 71 86 8 -36 % % % % % Residential Lots - Waterfront Units Listed 7 Units Sold -5 Sell/List Ratio -71 Sales Dollars -$1,615,695 Average Price / Unit $323,139 Price Ratio 96 Days To Sell 10 Active Listings at Month End 9 % % 10 7 70 $6,310,500 $901,500 98 73 30 % % -30 -171 -126 -64 -86 -70 % % % % % % 32 26 81 $16,301,900 $626,996 97 173 % % 58 17 29 $12,473,625 $733,743 95 139 % % -45 53 31 -15 25 % % % % % Page 3 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 28. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Residential Acreage Units Listed 12 Units Sold 6 Sell/List Ratio 50 Sales Dollars $3,024,999 Average Price / Unit $504,167 Price Ratio 102 Days To Sell 102 Active Listings at Month End 27 % % 7 10 143 $6,388,200 $638,820 88 136 60 % % 71 -40 -53 -21 -25 -55 % % % % % % 91 79 87 $49,080,427 $621,271 99 105 % % 116 61 53 $36,948,550 $605,714 92 152 % % -22 30 33 3 -31 % % % % % Residential Acreage - Waterfront Units Listed 1 Units Sold 2 Sell/List Ratio 200 Sales Dollars $3,730,000 Average Price / Unit $1,865,000 Price Ratio 101 Days To Sell 53 Active Listings at Month End 5 % % 5 2 40 $923,000 $461,500 96 114 27 % % -80 0 304 304 -54 -81 % % % % % % 27 31 115 $32,421,900 $1,045,868 93 167 % % 35 19 54 $15,895,182 $836,589 91 187 % % -23 63 104 25 -11 % % % % % Revenue - Duplex/Triplex Units Listed 9 Units Sold 5 Sell/List Ratio 56 Sales Dollars $6,755,000 Average Price / Unit $1,351,000 Price Ratio 95 Days To Sell 32 Active Listings at Month End 6 % % 9 3 33 $3,402,000 $1,134,000 97 51 17 % % 0 67 99 19 -36 -65 % % % % % % 83 48 58 $56,801,296 $1,183,360 101 21 % % 46 26 57 $25,990,450 $999,633 96 42 % % 80 85 119 18 -51 % % % % % Revenue - Multi Units Units Listed 7 Units Sold 2 Sell/List Ratio 29 Sales Dollars $4,500,000 Average Price / Unit $2,250,000 Price Ratio 97 Days To Sell 66 Active Listings at Month End 21 % % 4 2 50 $2,375,000 $1,187,500 97 59 22 % % 75 0 89 89 13 -5 % % % % % % 59 28 47 $74,317,500 $2,654,196 96 80 % % 37 9 24 $13,800,000 $1,533,333 92 78 % % 59 211 439 73 2 % % % % % Page 4 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 29. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Revenue - Apartment Block Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 0 % % 0 0 $0 0 % % % % % % % % 0 0 $0 % % 9 3 33 $8,498,900 $2,832,967 93 128 % % -100 -100 -100 % % % % % Revenue - Commercial Units Listed 7 Units Sold 4 Sell/List Ratio 57 Sales Dollars $2,545,000 Average Price / Unit $636,250 Price Ratio 86 Days To Sell 107 Active Listings at Month End 30 % % 17 4 24 $6,368,550 $1,592,138 100 53 58 % % -59 0 -60 -60 102 -48 % % % % % % 70 29 41 $31,734,296 $1,094,286 96 112 % % 76 14 18 $14,394,450 $1,028,175 97 81 % % -8 107 120 6 39 % % % % % Revenue - Industrial Units Listed 5 Units Sold 1 Sell/List Ratio 20 Sales Dollars $2,789,000 Average Price / Unit $2,789,000 Price Ratio 98 Days To Sell 66 Active Listings at Month End 12 % % 2 1 50 $1,035,000 $1,035,000 90 144 11 % % 150 0 169 169 -54 9 % % % % % % 26 14 54 $20,446,868 $1,460,491 98 80 % % 8 5 63 $2,965,200 $593,040 99 102 % % 225 180 590 146 -21 % % % % % Business with Land Building Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 3 % % 1 2 200 $5,065,000 $2,532,500 96 226 8 % % -100 -100 -100 -63 % % % % % % 6 2 33 $3,403,186 $1,701,593 85 142 % % 42 19 45 $32,628,992 $1,717,315 91 152 % % -86 -89 -90 -1 -7 % % % % % Page 5 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 30. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Business Only Units Listed 9 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 48 % % 5 3 60 $230,000 $76,667 75 108 38 % % 80 -100 -100 26 % % % % % % 76 14 18 $3,256,500 $232,607 92 167 % % 82 17 21 $1,333,000 $78,412 76 113 % % -7 -18 144 197 47 % % % % % Motel/Hotel Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 0 % % 0 0 $0 0 % % % % % % % % 0 0 $0 % % 2 0 0 $0 % % -100 % % % % % Lease - Office Units Listed 9 Units Sold 2 Sell/List Ratio 22 Sales Dollars $40 Average Price / Unit $20 Price Ratio 105 Days To Sell 173 Active Listings at Month End 49 % % 16 1 6 $17 $17 100 108 79 % % -44 100 135 18 60 -38 % % % % % % 77 17 22 $2,061 $121 97 141 % % 80 5 6 $86 $17 179 231 % % -4 240 2297 605 -39 % % % % % Lease - Retail Units Listed 6 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 27 % % 6 4 67 $126 $31 94 133 41 % % 0 -100 -100 -34 % % % % % % 53 21 40 $8,751 $417 92 142 % % 49 15 31 $2,008 $134 109 189 % % 8 40 336 211 -25 % % % % % Page 6 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 31. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Lease - Warehouse Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 0 % % 0 0 $0 0 % % % % % % % % 0 0 $0 % % 1 0 0 $0 % % -100 % % % % % Lease - Industrial Units Listed 1 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 3 % % 0 0 $0 5 % % -40 % % % % % % 14 3 21 $49 $16 100 45 % % 3 1 33 $14 $14 111 304 % % 367 200 237 12 -85 % % % % % Lease - Other Units Listed 0 Units Sold 0 Sell/List Ratio Sales Dollars $0 Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 2 % % 0 0 $0 1 % % 100 % % % % % % 5 2 40 $2,890,603 $1,445,302 7606850 95 % % 51 2 4 $30 $15 61 % % -90 0 9635243 9635243 55 % % % % % Commercial Land Units Listed 2 Units Sold 2 Sell/List Ratio 100 Sales Dollars $2,480,000 Average Price / Unit $1,240,000 Price Ratio 86 Days To Sell 233 Active Listings at Month End 11 % % 3 0 $0 14 % % -33 -21 % % % % % % 16 8 50 $15,337,500 $1,917,188 94 248 % % 29 0 0 $0 472 % % -45 -48 % % % % % Page 7 of 8 Victoria Real Estate Board Multiple Listing Service ®
  • 32. Monthly Comparative Activity By Property Type Includes All MLS® Property Types September 2021 Current Month This Year % Change Last Year Year To Date This Year % Change Last Year Produced: 01-Oct-2021 Units Listed 978 Units Sold 761 Sell/List Ratio 78 Sales Dollars $675,200,254 Average Price / Unit $887,254 Price Ratio 101 Days To Sell 27 Active Listings at Month End 1124 % % Grand Totals 1294 989 76 $826,320,347 $835,511 98 44 2389 % % -24 -23 -18 6 -40 -53 % % % % % % 10245 8216 80 $7,173,179,932 $873,074 102 30 % % 10311 6081 59 $4,658,395,999 $766,058 98 47 % % -1 35 54 14 -37 % % % % % Page 8 of 8 Victoria Real Estate Board Multiple Listing Service ®