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Victoria Monthly Statistics Reports

Victoria Real Estate market remains competitive

December 2, 2019  A total of 577 properties sold in the Victoria Real Estate Board region this November, 15.9 per cent more than the 498 properties sold in November 2018 and a 6.8 per cent decrease from October 2019. Sales of condominiums were up 5.9 per cent from November 2018 with 161 units sold. Sales of single family homes increased 15.4 per cent from November 2018 with 308 sold.

"We continue to see low inventory and strong demand for low to mid priced properties in our area, which is pushing pricing up on condos and single family homes that fall within that segment," says Victoria Real Estate Board President Cheryl Woolley. "It is a challenging time for those shopping for properties in that price range as they can often find themselves in a competing offer situation."

There were 2,397 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2019, a decrease of 9.3 per cent compared to the month of October, but a 2.3 per cent increase from the 2,343 active listings for sale at the end of November 2018.

"The market this year is behaving as we'd expected, in the wake of tighter mortgage requirements and after the rapid pace of price increases we saw two years ago," adds Woolley. "Appropriate pricing and awareness of market trends are essential right now if you want to buy or sell a home in our area. That is why it is important to have a Realtor guide you through the process. It's worth getting this professional help, for what likely will be the biggest purchase or sale of your lifetime."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2018 was $865,800. The benchmark value for the same home in November 2019 decreased by 1.2 per cent to $855,400, slightly less than October's value of $857,700. The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2018 was $501,300, while the benchmark value for the same condominium in November 2019 increased by 3.1 per cent to $517,000, slightly more than the October value of $511,600.

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.