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Victoria Monthly Statistics Reports


A steady Greater Victoria area real estate market continues into summer

August 1, 2019  A total of 706 properties sold in the Victoria Real Estate Board region this July, 8.4 per cent more than the 651 properties sold in July 2018 but a 4.6 per cent decrease from June 2019. Sales of condominiums were up 14.4 per cent from July 2018 with 215 units sold. Sales of single family homes increased 2.1 per cent from July 2018 with 347 sold.

"It's not surprising to see the numbers trending slightly upwards compared to last year as the market slowly adjusts to government changes like the B20 mortgage stress test and the continuing low mortgage interest rates," says Victoria Real Estate Board President Cheryl Woolley. "Activity feels more normal now - more like before the real estate market in Greater Victoria saw the huge uptick in 2016 and 2017. It is a good time to buy and sell as consumers have more time to work with their REALTORS® and make decisions. We've seen a little more inventory added to the market compared to last year, which means more choice for buyers."

There were 2,949 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2019, a decrease of 3 per cent compared to the month of June but a 13.1 per cent increase from the 2,607 active listings for sale at the end of July 2018.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in July 2018 was $889,200. The benchmark value for the same home in July 2019 decreased by 3.4 per cent to $858,800, slightly less than June's value of $859,600. The MLS® HPI benchmark value for a condominium in the Victoria Core area in July 2018 was $508,300, while the benchmark value for the same condominium in July 2019 increased by 3 per cent to $523,400, lower than June's value of $524,100.

"July's statistics show that our region's housing market continues to be fairly active, despite many people being in summer vacation mode," adds President Woolley. "Realtors continue to report strong interest in entry level homes as well as properties that are competitively priced. High end home pricing is softer, but $1.5 million dollar plus homes account for only 4.6 per cent of the total market."

View our press release and summary here.


Sold Properties, David Stevens Royal LePage
RECENTLY SOLD


                        Sidney                                                   

    Sold by David Stevens Saanich WestBrentwood home sold Benvenuto by David Stevens
Gonzalez Bay                    Saanich West                              Brentwood Bay                         Oak Bay/Jubilee

Alder St Condo sold by David StevensSonghees Condo sold by David Stevens
Saanich                              Westhills            Oak Bay                             Downtown
                     
                                 

    Westhills Sold by David Stevens    

        Westhills                       Oak Bay
Condo Saanichton sold by David StevensTownhouse sold by David Stevens RLPRockland Condo Sold by David Stevens Esquimalt Family Home sold by David Stevens
                             Saanichton                               Saanichton                                      Rockland                                    Esquimalt                                                           

Condo downtown Victoria Saanich West Home sold by David Stevens, Royal LePage Victoria
                     
  Downtown                                       Broadmead                           Saanich West                          Saanich West                                                

Brock Avenue, Langford Scott St Victoria Sold David Stevens  Sold by David Stevens
          Langford                     Oaklands                 Downtown                            Saanich         
                  

Driftwood, Sooke, Sold by David Stevens 402-75 Songhees, Victoria BC 3223 Ernhill Pl, Victoria, BC  
                 Oak Bay                         Sooke                                        Songhees                     Langford                      

2395 Setchfield Ave, VictoriaKerwood Ocean Front Lot Deltana , Victoria bcNorth Saanich Home sold by David Stevens
                        Florence Lake                        View Royal                 Westshore                              N. Saanich                          

 75 Songhees SoldCordova Bay Home Sold by David Stevens Realtor
                            
Songhees                   Cordova Bay                                       
                          

 If you are thinking about buying or selling a home, connect with me David Stevens, your local Realtor, for detailed information on the Victoria and area housing market.

                         

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.