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Victoria Monthly Statistics Reports


Victoria real estate market stalemate continues

May 1, 2019  A total of 696 properties sold in the Victoria Real Estate Board region this April, 10 per cent fewer than the 774 properties sold in April 2018 but an 8.8 per cent increase from March 2019. Sales of condominiums were down 9.8 per cent from April 2018 with 203 units sold but were up from March 2019 by 3.6 per cent. Sales of single family homes were down 12 per cent from April 2018 with 369 sold.

"Spring has been a non-traditional real estate market thus far," says Victoria Real Estate Board President Cheryl Woolley. "Consumer purchasing power continues to be negatively impacted by the B20 mortgage stress test, causing many buyers to step back while they save more money for a down payment."

There were 2,751 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of April 2019, an increase of 13 per cent compared to the month of March and a 37.4 per cent increase from the 2,002 active listings for sale at the end of April 2018.

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in April 2018 was $874,800. The benchmark value for the same home in April 2019 decreased by 3.4 per cent to $845,100, higher than March's value of $843,600. The MLS® HPI benchmark value for a condominium in the Victoria Core area in April 2018 was $506,900, while the benchmark value for the same condominium in April 2019 increased by 1 per cent to $511,700, higher than March's value of $506,500.

"Prices have remained reasonably flat across the region and are expected to stay that way," adds President Woolley. "Presently, REALTORS® are busy showing homes and bringing new listings to the market, but with few new options to view, we are still seeing multiple offer situations when that right property does become available. Given the current dynamic and evolving market conditions, it's a good time to chat with your Realtor about a personal plan for buying or selling a property."

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 1,383 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.

View our press release and summary here.


Sold Properties, David Stevens Royal LePage
RECENTLY SOLD


  Esquimalt Family Home sold by David StevensSonghees Condo sold by David Stevens
Esquimalt                                     Songhees

  Townhouse sold by David Stevens RLP  Condo Saanichton sold by David Stevens Rockland Condo Sold by David StevensWesthills Sold by David Stevens
      Central Saanich                                  Westhills                                           Saanichton                                       Rockland              

Condo downtown Victoria Saanich West Home sold by David Stevens, Royal LePage Victoria
                             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 2338 Hoylake Cres, Victoria  BCDeltana , Victoria bc
Florence Lake                               View Royal                                                 Thetis Heights                                   Westshore                                    

North Saanich Home sold by David Stevens 75 Songhees SoldCordova Bay Home Sold by David Stevens RealtorDavid Stevens Realtor Condo Sold Tyee Rd Victoria
N. Saanich                                   Songhees                              Cordova Bay                            
           Vic West

Home in Sidney, BC sold by David Stevens Real EstateSold by David Stevens. San Juan Ave, Gordon HeadDowntown Victoria Condo sold by David StevensCentral Saanich Home sold by David Stevens
                                         Sidney                       Gordon Head                                  Downtown                                 Central Saanich                                 
                                                                            

 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.