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Victoria Monthly Statistics Reports and Useful Links

 

Sold Properties, David Stevens Royal LePage
RECENTLY SOLD

David Stevens Realtor Condo Sold Tyee Rd Victoria Sold by David Stevens. San Juan Ave, Gordon Head
Vic West                                     Sidney                                    Gordon Head                            Downtown Victoria

David Stevens Sold Genoa Place SaanichtonBalfour Ave, Victoria sold by David Stevens Real Estate
  Central Saanich                 Saanich East                               Saanichton                               Burnside

David Stevens Sold Synod Rd Victoria Bc
Mill Hill, Langford                                  Cedar Hill, Saanich                      Bear Mountain                               High Quadra, Saanich


  Saanich                                  Highlands                            Bear Mtn.                                 Sooke

David Stevens Real Estate sold David Stevens sold Condo    
Fairfield                                      Bear Mtn.                          View Royal                             Hillside

Sold by David Stevens, Broadmead, Victoria
Royal Oak                              Gordon Head                                  Broadmead                         East Sooke

                          

Monthly Statistics Report

Victoria Real Estate Market Slowly Stabilizing after a Record Breaking 2016

November 1, 2017 A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.

"As expected, we saw fewer sales than this time last year," notes Victoria Real Estate Board President Ara Balabanian. "Looking at the longer term picture however, sales last month were 17.1 per cent above the ten year average of 567 properties for the month of October, so the market is still very active here in Victoria, and this is in spite of the ongoing low inventory levels."

There were 1,905 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2017, a decrease of 3.6 per cent compared to the month of September and 1.7 per cent fewer than the 1,938 active listings for sale at the end of October 2016.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in October 2016 was $752,000. The benchmark value for the same home in October 2017 has increased by 9.3 per cent to $821,900, but is lower than July's value of $834,200.

"The fact that we've seen such a controlled levelling off in the market directly following a year which felt so uncontrollable in terms of demand and pressure on prices illustrates the depth and stability of the Victoria market. An unstable market may have experienced a heavy correction or shift, whereas in our market sales are moderating at a reasonable rate." adds President Balabanian. "In the coming months we expect to see less inventory on the market, because the year end changes buyer and seller behaviours, their focus shifts to holidays and winter weather. One unknown influence that may play on the winter market is the upcoming mortgage stress test. Some buyers may move their purchasing timelines forward to make their home purchases before the stress test on uninsured buyers (those with a downpayment of 20 per cent or more) becomes required January 1."

View our press release and summary here.
View our complete statistical package here.

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