Victoria Real Estate Market Statistics for August 27 Sept, 27 A total of 736 properties sold in the Victoria Real Estate Board region this August, 6.6 per cent fewer than the 883 properties sold in August last year. I admit to being a little surprised by the August numbers, notes Victoria Real Estate Board President Ara Balabanian. I expected inventory numbers to be climbing by now, but instead we ve seen even lower numbers of listings on the market. This is likely leading to some buyer fatigue along with pressure on pricing in high demand areas. There were,97 active listings for sale on the Victoria Real Estate Board Multiple Listing Service at the end of August 27, a decrease of four properties compared to the month of July, and 8.5 per cent fewer than the 2,94 active listings for sale at the end of August 26. The Multiple Listing Service Home Price Index benchmark value for a single family home in the Victoria Core in August 26 was $743,2. The benchmark value for the same home in August 27 has increased by.8 per cent to $823,. Though much too early to call a trend, we do see that the August HPI benchmark value for single family homes in the Victoria Core area has decreased by.3 per cent when compared to July. This is the first time we ve noted a decrease in HPI values since August 25. adds President Balabanian. That said, this is not an indicator of a huge change in property values across our region. We ve seen a phenomenally busy two years in real estate for our area and we are likely heading towards a period of more balanced activity. Note too, that though the overall HPI value shows a small month over month decrease specific areas and specific types of product have seen increases. For example, condominiums across the entire region are up by half a percent compared to the previous month and single family homes in North Saanich have increased in benchmark value by almost one per cent. It s for reasons like these that now more than ever it makes sense to seek the assistance of a local REALTOR to sell or buy your home. About the Victoria Real Estate Board Founded in 92, 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,368 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. Contact: Denise Hogue, Communications Manager - denise@vreb.org, 25-92-4652
August 27 Statistics Package for Media Previous Periods Comparison of Unit Sales, Average Prices and Median Prices -Sep-27 Previous Periods Comparison of Unit Sales, Average Prices and Median Prices August 27 Sales by Property Type Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condos Townhouses Manufactured Homes Total Residential Total Sales Units 339 5 39 26 78 6 69 736 LM LY -5.6-7.7 6.3-4.2-5.2-2.5-23.8-8. -6.8-23.9-8.6-22.3 6.8 -. -7.4-6.6 This Month Last Month This Month 27 - August 27 - July 26 - August Average$ LM LY Median$ LM LY Units Average$ Median$ Units Average$ Median$ $83,883-4.2.5 $749,9 -.2 6.3 359 $868,8 $759, 42 $752,59 $645, $656,387.8 6. $59,9-4.6.8 48 $586,85 $545, 67 $565,864 $465, $88,933-3..4 $73,75. 6.9 47 $834,85 $729,95 479 $726,43 $625, $44,637 3. 23. $367,5 -. 25. 243 $42,499 $367,95 265 $336,92 $293,95 $556,84 9.9 2.3 $527,55.7 22.7 8 $56,64 $472,5 73 $462,989 $43, $2,969-2.3 25.9 $96, 22.6 26.4 2 $264,576 $59,9 8 $67,56 $55,5 75 835 79 883 Active Listings,97 -.2-8.5,92 2,94 Legend Units: net number of listings sold LM: percentage change since Last Month LY: percentage change since This Month Average$: average selling price Median$: median selling price Active Listings: total listings on the market at midnight on the last day of the month Previous Periods Comparison of MLS HPI Benchmark Prices and MLS HPI Index Values Previous Periods Comparison of MLS HPI Benchmark Prices and MLS HPI Index Values Commonly Quoted Benchmark Home August 27 Benchmark Price July 27 Benchmark Price August 26 Benchmark Price August 27 Index Value July 27 Index Value August 26 Index Value LM LY Single Family Benchmark Home: Greater Victoria $694,5 $7,8 $63, 2.5 22.3 77..9 3.3 Single Family Benchmark Home: Core $823, $834,2 $743,2 25.3 28.2 94.4.3.8 Single Family Benchmark Home: Westshore $589,8 $589,8 $496,9 89.7 89.7 59.8. 8.7 Single Family Benchmark Home: Peninsula $759, $753,2 $67,4 96. 94.6 73.2.8 3.2 Condo Benchmark Home: Greater Victoria $435,2 $433,2 $357, 26.3 25.3 77.4.5 2.9 Townhouse Benchmark Home: Greater Victoria $554,4 $542,2 $473, 95.8 9.5 67. 2.3 7.2 Legend Current Month: Last Month: : LM: LY: August 27 July 27 August 26 Percentage change between current month and last month Percentage change between current month and same month last year Victoria Real Estate Board August 27 Statistics
2, Total new MLS listings and total MLS sales for entire district Total New MLS Listings and Total MLS Sales,8,6,4,2, 8 6 4 2 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 Listings Sales Sales to Active Listings Ratio 9 8 7 6 5 4 3 2 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months. The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is downward pressure on prices, and a "sellers' market", where there is upward pressure on prices. - below, there is downward pressure on prices (buyers' market) - above 25, there is upward pressure on prices (sellers' market) - in the 5-2 range, there is little pressure on prices either way (balanced market) Victoria Real Estate Board August 27 Statistics
MLS HPI benchmark and value - Single Family Homes The Victoria Real Estate Board uses the MLS Home Price Index (MLS HPI) to report on market trends. The MLS HPI uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Through the analysis of over ten years of Victoria Real Estate Board MLS sales data, the MLS HPI defined benchmark homes for Victoria in each category (single family homes, townhouses, condos) and for each neighbourhood. The benchmark starting point was 25, where each type of property and neighbourhood was assigned an index value of. Victoria Real Estate Board August 27 Statistics
HPIorBenchmark (Appliestoaltabs) HPI Benchmark Valueorpercentchange (Appliesonlytothistab) Value Percentchange Area VREBDistrictSummary PropertyType SingleFamily-Al BenchmarkbyTimeframeandPropertyType:SingleFamily-Al August27 MonthAgo 3MonthsAgo 6MonthsAgo 2MonthsAgo 36MonthsAgo 6MonthsAgo January25 $694,5 $7,8 $677,9 $642,6 $63, $48,8 $493,3 $346,4 Victoria $799,7 $85,3 $83,4 $756,6 $736,5 $536,6 $546,7 $372, VictoriaW est $596,4 $598, $573,5 $555,6 $539,3 $47,3 $424,6 $279,9 OakBay $,78,4 $,29,8 $,23,3 $,3,3 $,8,9 $76,6 $768,3 $552, Esquimalt $595,6 $595,6 $578,3 $547,7 $53,5 $424,9 $43,2 $283,5 View Royal $692,4 $687,4 $66,4 $638, $69, $498,8 $5,2 $337,3 SaanichEast $858, $875,8 $865,2 $89,2 $774, $576,8 $588,6 $394,5 SaanichW est $77,2 $76,3 $683, $647,2 $6,6 $479,8 $49,8 $326,4 Sooke $48, $479, $46,3 $443, $399, $352,5 $36,7 $264,8 Langford $592,3 $592,3 $566,6 $54,5 $5,3 $427,5 $433,7 $39,8 Metchosin $874, $865,8 $828, $792,6 $733,6 $628,2 $667,8 $46,5 Colwood $659,4 $66,4 $638,9 $592,5 $552,2 $453, $472,2 $336, Highlands $829,6 $842,6 $793,5 $8,6 $74,2 $62,7 $624, $463,2 NorthSaanich $97,3 $899, $866,4 $843, $84, $66,2 $644,5 $486,7 Sidney $642,9 $629,7 $6,4 $588, $569, $435,9 $444,3 $32,5 CentralSaanich $78,7 $72,2 $695,9 $682,7 $632,4 $55,3 $55, $356,9 MLMalahat& Area $59,5 $527,2 $472,8 $448, $433,7 $373, $38,7 $275,9 GIGulfIslands $458,2 $44,7 $428,7 $43, $389,7 $325,6 $362, $29,5 Source:VictoriaRealEstateBoard
August27 MonthAgo 3MonthsAgo 6MonthsAgo 2MonthsAgo 36MonthsAgo 6MonthsAgo January25 Victoria VictoriaW est OakBay Esquimalt View Royal SaanichEast SaanichW est Sooke Langford Metchosin Colwood Highlands NorthSaanich Sidney CentralSaanich MLMalahat& Area GIGulfIslands 222. 22. 29.3 28. 27.5 26.7 26.4 26.4 25.9 24.9 23.7 23.5 23. 2. 2. 29.3 25.3 25. 24.9 24. 23.8 23.3 22.3 22. 2.7 2.4 2.9 2.5 2. 98.5 98.3 97.9 96.5 96.2 96.2 96. 95.9 95.7 95. 93.2 92.7 9.3 9.2 9.2 9. 9.2 9. 89.8 89.2 88. 87.5 87. 86.4 85.5 84.7 84.7 82.9 82.9 8.9 8.6 8.9 8.6 79.8 79. 78. 77.2 77. 77. 76.3 75.2 74.8 73.8 73.2 72. 7.4 7.3 67.3 65.2 64.3 62.4 6.5 6. 59.3 57.2 57.2 52. 5.7 5.2 5.7 5.7 49.9 49.2 49. 48.6 47.9 47. 47. 46.9 46.2 45. 44.4 44.3 44.2 42.4 4.5 4. 39.2 39. 38.3 38.2 38. 38. 37.8 36.4 36.2 35.6 35.2 34.8 34.7 33.7 33. 32.4 3. 26.6 24.2.7 HPIbyTimeframeandPropertyType:SingleFamily-Al HPIorBenchmark (Appliestoaltabs) HPI Benchmark PropertyType SingleFamily-Al Area VREBDistrictSummary Valueorpercentchange (Appliesonlytothistab) Value Percentchange Source:VictoriaRealEstateBoard
HPIorBenchmark (Appliestoaltabs) HPI Benchmark Valueorpercentchange (Appliesonlytothistab) Value Percentchange Area VREBDistrictSummary PropertyType CondoApartment BenchmarkbyTimeframeandPropertyType:CondoApartment August27 MonthAgo 3MonthsAgo 6MonthsAgo 2MonthsAgo 36MonthsAgo 6MonthsAgo January25 $435,2 $433,2 $46,9 $384,9 $357, $29,2 $296,8 $2,2 Victoria $42,4 $422, $45, $37,5 $346, $278,2 $276, $9, VictoriaW est $747,6 $72,9 $7,4 $662,6 $67,2 $463, $464,8 $338,8 OakBay $477,8 $476,5 $452,8 $434,2 $389, $32,3 $354,8 $255, Esquimalt $336,2 $323,3 $38,3 $3, $29,2 $243,2 $25,2 $55,7 View Royal $427,6 $427, $47,3 $375, $354,4 $3, $37, $27,7 SaanichEast $376,9 $38, $365,8 $339,7 $3,8 $249,2 $272,9 $7,5 SaanichW est $376,5 $375, $369,3 $339, $33,3 $248,3 $256,7 $62,5 Langford $343,7 $345,9 $327,2 $3, $282,6 $252,4 $254,2 $77,4 Colwood $363,5 $366,4 $338,8 $32,8 $299,5 $255,4 $257,4 $66,8 Sidney $433,9 $49, $395, $364,3 $32, $278,7 $289,8 $2,8 CentralSaanich $434,6 $48, $43,4 $369,7 $333,6 $294,4 $293,2 $25,3 Source:VictoriaRealEstateBoard
HPIorBenchmark (Appliestoaltabs) HPI Benchmark Valueorpercentchange (Appliesonlytothistab) Value Percentchange Area VREBDistrictSummary PropertyType CondoApartment HPIbyTimeframeandPropertyType:CondoApartment August27 MonthAgo 3MonthsAgo 6MonthsAgo 2MonthsAgo 36MonthsAgo 6MonthsAgo January25 26.3 25.3 27.2 9.3 77.4 44.2 47.5 Victoria 22.5 22.9 22. 94.4 8. 45.6 44.5 VictoriaW est 22.7 23. 29.7 95.6 82.2 36.7 37.2 OakBay 87.3 86.8 77.5 7.2 52.5 8.5 39. Esquimalt 25.9 27.6 24.4 93.4 86.4 56.2 6.3 View Royal 96.4 96.2 87. 72.3 62.8 42.9 45.6 SaanichEast 22. 222.9 24.5 99.2 82.8 46. 6. SaanichW est 23.7 23.8 227.3 28.7 92.8 52.8 58. Langford 93.8 95. 84.5 69.7 59.3 42.3 43.3 Colwood 27.9 29.6 23. 87.5 79.5 53. 54.3 Sidney 25. 27.6 95.7 8.5 58.6 38. 43.6 CentralSaanich 2.7 23.6 96.5 8. 62.5 43.4 42.8 Source:VictoriaRealEstateBoard
HPIorBenchmark (Appliestoaltabs) HPI Benchmark Valueorpercentchange (Appliesonlytothistab) Value Percentchange Area VREBDistrictSummary PropertyType Townhouse BenchmarkbyTimeframeandPropertyType:Townhouse August27 MonthAgo 3MonthsAgo 6MonthsAgo 2MonthsAgo 36MonthsAgo 6MonthsAgo January25 $554,4 $542,2 $548,7 $498,3 $473, $399,5 $43,5 $283, Victoria $586,3 $582,3 $572,2 $57,5 $54, $49,5 $45,7 $287,7 VictoriaW est $566,3 $55,2 $566, $5,7 $486,8 $423,7 $37,4 $247,6 Esquimalt $488,4 $474,8 $493,6 $432,3 $426, $358,4 $337,3 $234,7 View Royal $588, $57, $594,9 $59,8 $5,7 $48,9 $372, $265,3 SaanichEast $686,8 $678,9 $686, $69,6 $579,7 $48,5 $485,6 $34, SaanichW est $543,8 $53,4 $546, $49,7 $458,6 $384,4 $398,7 $268,8 Sooke $475,7 $46,7 $463, $427, $396,9 $355,9 $362,9 $283,3 Langford $455,8 $439,6 $438, $46,5 $384,8 $345,9 $349,3 $264,8 Colwood $573, $553,6 $55,9 $5,8 $48,4 $48,2 $46,2 $334,3 NorthSaanich $78,4 $76,6 $73,5 $656, $6,9 $482,8 $56,4 $368,6 Sidney $55,3 $54,8 $555,9 $55,7 $453,4 $38,7 $49,5 $269,6 CentralSaanich $488, $478,8 $49, $45,5 $47, $328,5 $37,2 $245,5 MLMalahat& Area $47,9 $455, $454,3 $49,7 $44,3 $344,3 $377,8 $252,2 GIGulfIslands $473,9 $458,5 $443,9 $445,3 $384,8 $365,3 $434,2 $292,2 Source:VictoriaRealEstateBoard
HPIorBenchmark (Appliestoaltabs) HPI Benchmark Valueorpercentchange (Appliesonlytothistab) Value Percentchange Area VREBDistrictSummary PropertyType Townhouse HPIbyTimeframeandPropertyType:Townhouse August27 MonthAgo 3MonthsAgo 6MonthsAgo 2MonthsAgo 36MonthsAgo 6MonthsAgo January25 95.8 9.5 93.8 76. 67. 4. 42.5 Victoria 23.8 22.4 98.9 76.4 75.2 45.8 4. VictoriaW est 228.7 222.2 228.6 22.2 96.6 7. 5. Esquimalt 28. 22.3 2.3 84.2 8.5 52.7 43.7 View Royal 22.6 25.2 224.2 95.9 88.7 54. 4.2 SaanichEast 2.4 99. 2.2 8.7 7. 4.9 42.4 SaanichW est 22.3 97.7 23. 82.9 7.6 43. 48.3 Sooke 67.9 62.6 63.4 5.7 4. 25.6 28. Langford 72. 66. 65.4 53.5 45.3 3.6 3.9 Colwood 7.4 65.6 64.8 53. 44. 25. 2.5 NorthSaanich 92.2 9.7 98.2 78. 63.3 3. 37.4 Sidney 24.5 2. 26.2 87.6 68.2 4.6 5.9 CentralSaanich 98.8 95. 2. 83.5 65.8 33.8 5.8 MLMalahat& Area 87. 8.4 8. 66.4 6.3 36.5 49.8 GIGulfIslands 62.2 56.9 5.9 52.4 3.7 25. 48.6 Source:VictoriaRealEstateBoard
Area PropertyType SingleFamily- Al SingleFamily- Storey SingleFamily- 2Storey Townhouse Condo Apartment Composite Core Westshore Peninsula GulfIslands Malahat&Area Area/PropertyTypeSelectionTool ToSelectMultipleOptions: HoldCTRLandclicktheselectionsbelow SelectDateRange: Alvalues Source:VictoriaRealEstateBoard HPIorBenchmark (Appliestoaltabs) HPI Benchmark BenchmarkPerformanceoverTime Area VREBAreaSummary Selecttheredmarker(s)from thearea/propertytype SelectionToolMatrixontherighttographyourselection. Jan26 Jan28 Jan2 Jan22 Jan24 Jan26 Jan28 Benchmark($) 4, 6, 8, Core SingleFamily-Al Peninsula SingleFamily-Al SingleFamily-Al Westshore SingleFamily-Al
Area PropertyType SingleFamily- Al SingleFamily- Storey SingleFamily- 2Storey Townhouse Condo Apartment Composite Core Westshore Peninsula GulfIslands Malahat&Area Area/PropertyTypeSelectionTool ToSelectMultipleOptions: HoldCTRLandclicktheselectionsbelow SelectDateRange: Alvalues Source:VictoriaRealEstateBoard HPIorBenchmark (Appliestoaltabs) HPI Benchmark BenchmarkPerformanceoverTime Area VREBAreaSummary Selecttheredmarker(s)from thearea/propertytype SelectionToolMatrixontherighttographyourselection. Jan26 Jan28 Jan2 Jan22 Jan24 Jan26 Jan28 Benchmark($) 2, 3, 4, Core CondoApartment Peninsula CondoApartment CondoApartment Westshore CondoApartment
Area PropertyType SingleFamily- Al SingleFamily- Storey SingleFamily- 2Storey Townhouse Condo Apartment Composite Core Westshore Peninsula GulfIslands Malahat&Area Area/PropertyTypeSelectionTool ToSelectMultipleOptions: HoldCTRLandclicktheselectionsbelow SelectDateRange: Alvalues Source:VictoriaRealEstateBoard HPIorBenchmark (Appliestoaltabs) HPI Benchmark BenchmarkPerformanceoverTime Area VREBAreaSummary Selecttheredmarker(s)from thearea/propertytype SelectionToolMatrixontherighttographyourselection. Jan26 Jan28 Jan2 Jan22 Jan24 Jan26 Jan28 Benchmark($) 3, 4, 5, 6, Core Townhouse Peninsula Townhouse Townhouse Westshore Townhouse
HPIorBenchmark (Appliestoaltabs) HPI Benchmark Area VREBAreaSummary BenchmarkPerformanceoverTime SelectDateRange: Alvalues Benchmark($) 6, 4, Selecttheredmarker(s)from thearea/propertytype SelectionToolMatrixontherighttographyourselection. Area/PropertyTypeSelectionTool ToSelectMultipleOptions: HoldCTRLandclicktheselectionsbelow Area Core SingleFamily- Al SingleFamily- Storey PropertyType SingleFamily- 2Storey Townhouse Condo Apartment Composite 2, Jan26 Jan28 Jan2 Jan22 Jan24 Jan26 Jan28 Westshore Peninsula Source:VictoriaRealEstateBoard CondoApartment SingleFamily-Al Townhouse GulfIslands Malahat&Area
Monthly Sales Summary Friday, September, 27 August 27 Region District Residential Single Family Greater Victoria Units Total Volume Victoria 4 $36,489, Victoria West 3 $2,33, Oak Bay 6 $22,683, Esquimalt 9 $6,392,5 View Royal 7 $4,9,5 Saanich East 62 $56,925,637 Saanich West 3 $23,783,36 Central Saanich 7 $4,284,9 North Saanich 3 $,62,9 Sidney 4 $9,,25 Highlands 2 $,489,5 Colwood 9 $3,34,7 Langford 47 $3,783, Metchosin 7 $5,55,4 Sooke 35 $7,259,865 Waterfront (all districts) 8 $25,35,9 Total Greater Victoria 339 $282,8,289 Other Areas Shawnigan Lake / Malahat 9 $5,584,4 Gulf Islands 22 $2,873,84 UpIsland / Mainland 4 $7,935,2 Waterfront (all districts) 6 $7,82,944 Total Other Areas 5 $33,475,728 Total Single Family 39 $35,484,7 Condominium Greater Victoria Victoria 75 $33,72,87 Victoria West 8 $4,35,9 Oak Bay 4 $2,52,788 Esquimalt 5 $4,43,488 View Royal 5 $,78,6 Saanich East 3 $,532,888 Saanich West 2 $4,482,999 Sidney 6 $7,76,4 Colwood 2 $794,5 Langford 27 $8,99, Waterfront (all districts) $5,47,2 Total Greater Victoria 25 $85,,633 Other Areas UpIsland / Mainland $43,5 Total Other Areas $43,5 Total Condominium 26 $85,45,33
Monthly Sales Summary Friday, September, 27 August 27 Region District Townhouse Greater Victoria Units Total Volume Victoria $6,54,69 Victoria West 3 $,53, Oak Bay 3 $2,355, Esquimalt 2 $835,25 View Royal 2 $,73, Saanich East 8 $4,989,4 Saanich West 6 $3,365,78 Central Saanich 2 $932,2 North Saanich 3 $2,,9 Sidney 5 $3,827, Colwood 7 $3,79,3 Langford 3 $6,522,95 Sooke 4 $,455,8 Waterfront (all districts) 6 $4,449,6 Total Greater Victoria 75 $42,553,52 Other Areas Gulf Islands $489, UpIsland / Mainland $35, Waterfront (all districts) $86, Total Other Areas 3 $88, Total Townhouse 78 $43,433,52 Manufactured Homes Greater Victoria View Royal 2 $48, Central Saanich 3 $66, Sidney 3 $,76, Langford 2 $257, Sooke 4 $694,5 Total Greater Victoria 4 $3,95,5 Other Areas Gulf Islands $95, UpIsland / Mainland $85, Total Other Areas 2 $8, Total Manufactured Homes 6 $3,375,5 Total Residential 69 $447,78,52 2
Monthly Sales Summary Friday, September, 27 August 27 Region District Other Property Lots & Acreage (Incl Wtrfrnt) Greater Victoria Units Total Volume Esquimalt $43, North Saanich 2 $,7, Langford 2 $875, Sooke $2,369,7 Total Greater Victoria 5 $4,844,7 Other Areas Shawnigan Lake / Malahat 2 $,55, Gulf Islands $2,387,5 UpIsland / Mainland 5 $696, Total Other Areas 7 $4,38,5 Total Lots & Acreage (Incl Wtrfrnt) 32 $8,983,2 Commercial Land Other Commercial Properties $2,2, 3 $4,58,43 Grand Totals 736 $462,949,782 3
Active Listings, New Listings and Sales August 27 Friday, September, 27 4,2 Total Active MLS Listings 4, 3,8 3,6 3,4 3,2 3, 2,8 2,6 2,4 2,2 2,,8,6,4 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 Total New MLS Listings and Total MLS Sales 2,,8,6,4,2, 8 6 4 2 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 Listings Sales
Sales to Active Listings Ratio August 27 Friday, September, 27 9 8 7 6 5 4 3 2 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Jan 27 Feb 27 Mar 27 Apr 27 May 27 Jun 27 Jul 27 Aug 27 The Sales to Active Listings Ratio This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months. The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is sustained downward pressure on prices, and a "sellers' market", where there is sustained upward pressure on prices. Based on a regression analysis performed by the Economics Department of the BC Real Estate Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be interpreted as follows: - below 4, there is downward pressure on prices (buyers' market) - above 2, there is upward pressure on prices (sellers' market) - in the 4-2 range, there is little pressure on prices either way (balanced market)
Monthly Comparative Activity By Property Type September--7 August 27 Single Family - Residential Units Listed 48 Units Sold 34 Sell/List Ratio 75 Sales Dollars $24,53,273 Average Price / Unit $765,934 Price Ratio 99 Days To Sell 3 Active Listings at Month End 585 Current Month 47 38 8 $26,966,939 $686,755 33 553 Change - -7-8 2-6 3888 2777 7 $2,83,35,2 $786,3 26 Year To Date 4492 3742 83 $2,56,36,94 $684,43 2 34 Change -3-26 -5 5-24 Single Family - Residential Waterfront Units Listed 29 Units Sold 24 Sell/List Ratio 83 Sales Dollars $32,388,844 Average Price / Unit $,349,535 Price Ratio 94 Days To Sell Active Listings at Month End 45 45 3 69 $39,58,9 $,259,965 94 83-36 -23-7 7-9 -2 34 8 53 $249,725,4 $,379,697 94 83 4 235 57 $292,437,878 $,244,47 96-7 -23-5 -8 Single Family - Residential Acreage Units Listed 57 Units Sold 36 Sell/List Ratio 63 Sales Dollars $33,629, Average Price / Unit $934,42 Price Ratio 96 Days To Sell 58 Active Listings at Month End 58 76 4 54 $34,644,62 $844,99 97 67 97-25 -2-3 -4-2 443 275 62 $269,65,379 $98,547 97 72 579 363 63 $33,6,566 $834,88 98 77-23 -24-7 -7 Condominium Units Listed 32 Units Sold 26 Sell/List Ratio 68 Sales Dollars $85,45,33 Average Price / Unit $44,637 Price Ratio Days To Sell 22 Active Listings at Month End 328 265 265 $89,278,899 $336,92 27 292 4-22 -4 23-8 2 2465 2 8 $82,226,522 $46,3 22 2474 28 88 $755,58,89 $346,597 99 4-8 7 7-46
Monthly Comparative Activity By Property Type September--7 August 27 Townhouse Units Listed 89 Units Sold 78 Sell/List Ratio 88 Sales Dollars $43,433,52 Average Price / Unit $556,84 Price Ratio Days To Sell 2 Active Listings at Month End 9 Current Month 93 73 78 $33,798,99 $462,989 28 4 Change -4 7 29 2-24 -2 77 64 83 $339,4,496 $529,752 2 23 Year To Date 842 762 9 $349,396,7 $458,525 4 Change -8-6 -3 6-44 Strata Duplex (Up and Down) Units Listed Units Sold 2 Sell/List Ratio 2 Sales Dollars $87,5 Average Price / Unit $43,75 Price Ratio 95 Days To Sell 2 Active Listings at Month End 2 2 2 $63, $35, 95 92 28 28-78 7 4 57 $,67,5 $44,375 97 29 7 5 7 $,973,9 $394,78 82-2 -8 2-65 Strata Duplex (Side by Side) Units Listed 6 Units Sold 9 Sell/List Ratio 5 Sales Dollars $5,,9 Average Price / Unit $566,878 Price Ratio 98 Days To Sell 37 Active Listings at Month End 9 9 $5,97,5 $597,5 99 26 3-45 - -5-5 45-3 98 83 85 $47,548,578 $572,874 24 8 84 78 $44,539,6 $53,233 37-9 - 7 8-34 Strata Duplex (Front and Back) Units Listed 4 Units Sold 3 Sell/List Ratio 75 Sales Dollars $,989,9 Average Price / Unit $663,3 Price Ratio Days To Sell 7 Active Listings at Month End 2 5 6 2 $2,395,35 $399,225 36 4-2 -5-7 66-5 -5 24 2 88 $2,254,4 $583,543 2 33 26 23 88 $,44,35 $484,537 2 34-8 -9 2-3 2
Monthly Comparative Activity By Property Type September--7 August 27 Recreational Units Listed 3 Units Sold Sell/List Ratio 33 Sales Dollars $63, Average Price / Unit $63, Price Ratio 84 Days To Sell 2 Active Listings at Month End 8 Current Month 5 $569,5 $3,9 94 54 25 Change -8-89 -45-96 -28 25 44 $4,8, $364,364 82 98 Year To Date 25 4 $,239,5 $23,95 9 7 Change 223 94-42 Manufactured Home Units Listed 25 Units Sold 6 Sell/List Ratio 64 Sales Dollars $3,375,5 Average Price / Unit $2,969 Price Ratio Days To Sell 33 Active Listings at Month End 36 7 8 6 $3,5, $67,56 95 69 37 47-2 26-53 -3 66 28 77 $23,85,4 $85,98 96 48 67 45 87 $22,,633 $5,729 95 69 - -2 8 23-3 Residential Lots Units Listed 2 Units Sold 5 Sell/List Ratio 7 Sales Dollars $3,243,8 Average Price / Unit $26,253 Price Ratio 97 Days To Sell 87 Active Listings at Month End 85 5 9 38 $5,5, $265,789 98 27-58 -2-36 -9 69-33 8 47 8 $46,48,69 $36,9 95 2 254 85 73 $6,75,593 $333,787 97 33-29 -2-25 -5 - Residential Lots - Waterfront Units Listed 5 Units Sold Sell/List Ratio 2 Sales Dollars $225, Average Price / Unit $225, Price Ratio 9 Days To Sell 8 Active Listings at Month End 22 5 2 4 $2,75, $,87,5 4 9 25-5 -9-79 9-2 44 5 34 $5,678,3 $378,553 96 5 4 9 46 $4,484,5 $762,342 95 35 7-2 -6-5 -63 3
Monthly Comparative Activity By Property Type September--7 August 27 Residential Acreage Units Listed 25 Units Sold 3 Sell/List Ratio 52 Sales Dollars $3,984,4 Average Price / Unit $36,492 Price Ratio 94 Days To Sell 32 Active Listings at Month End 22 Current Month 8 8 44 $,688,9 $2,3 92 3 64 Change 39 63 36 45-56 -26 54 76 49 $3,43,33 $4,73 94 242 Year To Date 8 94 52 $36,84,9 $383,882 95 285 Change -5-9 -6 4-5 Residential Acreage - Waterfront Units Listed 6 Units Sold 3 Sell/List Ratio 5 Sales Dollars $,53, Average Price / Unit $5, Price Ratio 93 Days To Sell 434 Active Listings at Month End 43 3 9 69 $4,97,25 $466,36 95 254 58-54 -67-64 9 7-26 3 2 7 $2,589,9 $599,59 93 29 67 44 66 $24,73,75 $549,43 92 289-55 -52-48 9 Revenue - Duplex/Triplex Units Listed 7 Units Sold Sell/List Ratio 4 Sales Dollars $,,5 Average Price / Unit $,,5 Price Ratio 4 Days To Sell 5 Active Listings at Month End 9 8 4 5 $3,7, $927,75 97 6 3-3 -75-73 8-3 46 63 32 5 $3,24,226 $945,7 27 54 37 69 $3,426,4 $822,335 46 7-4 - 5-4 Revenue - Multi Units Units Listed 3 Units Sold 2 Sell/List Ratio 67 Sales Dollars $2,8, Average Price / Unit $,4, Price Ratio Days To Sell 22 Active Listings at Month End 6 4 3 75 $3,785, $,26,667 96 28 9-25 -33-26 -22-33 33 4 42 $2,44,5 $,458,79 2 3 24 8 75 $2,93,65 $,6,34 97 46 38-22 -2 26-32 4
Monthly Comparative Activity By Property Type September--7 August 27 Revenue - Apartment Block Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 2 Current Month $,67,5 $,67,5 93 23 Change - - 4 25 $3,88, $3,88, 5 38 Year To Date 5 3 6 $3,387,5 $,29,67 96 36 Change -2-67 5 244 6 Revenue - Commercial Units Listed 5 Units Sold 2 Sell/List Ratio 4 Sales Dollars $975, Average Price / Unit $487,5 Price Ratio 98 Days To Sell 48 Active Listings at Month End 34 4 3 75 $,763, $587,667 98 74 47 25-33 -45-7 -35-28 5 2 4 $3,78,7 $656,224 86 7 67 8 27 $4,344,448 $796,94 94 3-24 7-4 -8-8 Revenue - Industrial Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $ 3 - $ 2 $ -5 Business with Land & Building Units Listed 6 Units Sold Sell/List Ratio 7 Sales Dollars $3 Average Price / Unit $3 Price Ratio Days To Sell 363 Active Listings at Month End 46 2 $ 49-5 -6 67 7 25 $6,454,496 $379,676 95 6 23 38 $2,98,495 $56,674 94 83 2-26 -5-32 -45 5
Monthly Comparative Activity By Property Type September--7 August 27 Business Only Units Listed 3 Units Sold 3 Sell/List Ratio 23 Sales Dollars $28,5 Average Price / Unit $72,683 Price Ratio 9 Days To Sell 34 Active Listings at Month End 7 Current Month 8 3 $53,5 $53,5 9 269 7 Change 63 2 38 36 7 7 4 3 $2,6,25 $47,6 76 23 Year To Date 93 3 4 $,36,5 $4,73 79 85 Change 5 8 5 4-34 Motel/Hotel Units Listed 2 Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End 4 $ 3 33 6 7 $3,, $3,, 83 97 4 25 $5,2, $5,2, 54 5-42 -42-64 Lease - Office Units Listed 2 Units Sold 3 Sell/List Ratio 5 Sales Dollars $42 Average Price / Unit $4 Price Ratio Days To Sell 8 Active Listings at Month End 25 $ 3-7 22 6 27 $83 $4 2 96 29 6 2 $89 $5 7 25-24 -6-6 57 Lease - Retail Units Listed 3 Units Sold Sell/List Ratio 33 Sales Dollars $65,3 Average Price / Unit $65,3 Price Ratio Days To Sell 22 Active Listings at Month End 23 7 $ 23-57 26 4 5 $65,38 $6,345 234 33 8 24 $929 $6 6 267-2 -5 6938 3976-2 6
Monthly Comparative Activity By Property Type September--7 August 27 Lease - Warehouse Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End Current Month $ Change $ Year To Date $ Change Lease - Industrial Units Listed Units Sold Sell/List Ratio Sales Dollars $ Average Price / Unit Price Ratio Days To Sell Active Listings at Month End $5 $5 96 - - $7 $7 2 6 3 3 $39 $3 2 43 - -67-57 3 2 Lease - Other Units Listed 2 Units Sold Sell/List Ratio 5 Sales Dollars $5 Average Price / Unit $5 Price Ratio Days To Sell 5 Active Listings at Month End 23 5 $ 34-6 -32 32 3 $82 $8 3 25 48 8 7 $2,434 $34 62 72-33 25-93 -94 247 Commercial Land Units Listed Units Sold Sell/List Ratio Sales Dollars $2,2, Average Price / Unit $2,2, Price Ratio 92 Days To Sell 45 Active Listings at Month End 8 2 5 $2,2, $2,2, 88 22 9-5 95-5 9 7 37 $,2, $,574,286 92 73 25 7 28 $7,747, $,6,74 84 235-24 42 42-26 7
Monthly Comparative Activity By Property Type September--7 August 27 Current Month Change Year To Date Change Grand Totals Units Listed 35 Units Sold 736 Sell/List Ratio 7 Sales Dollars $462,949,782 Average Price / Unit $629,8 Price Ratio 99 Days To Sell 4 Active Listings at Month End 97 2 883 79 $496,9,72 $56,743 43 294-8 -7-7 2-6 -8 968 657 72 $4,28,989,672 $634,546 35 8 836 79 $4,575,98,486 $569,338 49 - -9 - -29 8