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Victoria Monthly Statistics Reports

Oct 1, 2019

Victoria Real Estate Market shows increased interest in condos and townhomes

A total of 616 properties sold in the Victoria Real Estate Board region this September, 15.6 per cent more than the 533 properties sold in September 2018 but a 6.8 per cent decrease from August 2019. Sales of condominiums were up 48.3 per cent from September 2018 with 221 units sold. Sales of single family homes decreased 1.1 per cent from September 2018 with 282 sold.

“September's statistics clearly demonstrate that Victoria continues to have a stable real estate sector and is a desirable place to live," says Victoria Real Estate Board President Cheryl Woolley. “While sales are up compared to the same month last year, our inventory remains low, which may create challenges for people trying to get into the market in certain categories.”

There were 2,823 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2019, a decrease of 0.5 per cent compared to the month of August but a 6.7 per cent increase from the 2,646 active listings for sale at the end of September 2018.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2018 was $878,500. The benchmark value for the same home in September 2019 decreased by 3.6 per cent to $846,500, slightly less than August’s value of $847,300.

The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2018 was $503,600, while the benchmark value for the same condominium in September 2019 increased by 1.6 per cent to $511,600, lower than August's value of $518,100. “We saw increased activity in the condo and townhouse market with an almost 50 per cent year-over-year sales increase in condos,” adds President Woolley. “It may be too early to call this a trend towards condo purchases, but this is a number to watch through the fall to see if buyers continue opting for condos and townhomes as more new developments are added to the market in highly desirable locations, with price points often lower than a single family home.

Sold Properties, David Stevens Royal LePage

                          Saanich East                         Sidney
                    Saanich East                                                 

    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 East         

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 Sold by David StevensCordova 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.