A total of 831 properties sold in the Victoria Real Estate Board region this August, 15.1 per cent fewer than the 979 properties sold in August 2020 and 0.5 per cent fewer than the previous month of July.
Victoria housing inventory continues to decline over summer months
Low inventory and strong demand continue in Victoria real estate market
Unwavering demand reinforces need to support supply of homes
Housing in Greater Victoria remains in high demand
The fast pace of Victoria real estate market surges on
Victoria Real Estate Market demand surges against limited supply
Victoria real estate market sees strong start to 2021
“Our bustling market continues to be fueled by strong consumer demand to own a home in Greater Victoria, driven in part by low interest rates and by the overall desirability of our larger community,” said Victoria Real Estate Board President David Langlois. “This continuing demand, coupled with our record low inventory, has resulted in competition for desirable properties.”
206 - 1405 Esquimalt Rd, Victoria, BC | $320,000
The 2020 Victoria real estate market year in review
Victoria real estate market continues to experience strong demand, low supply
Victoria Real Estate Market continues to outperform in unpredictable times
Consumer interest in homeownership in Victoria unwavering over course of pandemic
“Another month has passed where we have seen surprisingly high sales numbers – which included quite a few higher end properties,” says Victoria Real Estate Board President Sandi-Jo Ayers. “I don’t think that anyone who was trying to predict market outcomes in our area over the course of the pandemic expected that the pent up demand from dampened sales in April and May would result in this level of market activity.”
Victoria real estate market experiences an active summer
Victoria real estate market continues to adapt in the changing times
A total of 979 properties sold in the Victoria Real Estate Board region this July, 38.7 per cent more than the 706 properties sold in July 2019 and 21.2 per cent more than the previous month of June 2020. Sales of condominiums were up 11.2 per cent from July 2019 with 239 units sold. Sales of single family homes were up 61.1 per cent from July 2019 with 559 sold.
Victoria real estate market impacted by many different factors in June
A total of 808 properties sold in the Victoria Real Estate Board region this June, 9.2 per cent more than the 740 properties sold in June 2019 and 76.8 per cent more than the previous month of May 2020. Sales of condominiums were down 3.2 per cent from June 2019 with 209 units sold. Sales of single family homes were up 16.8 per cent from June 2019 with 460 sold.
Victoria real estate activity picks up as restrictions ease
A total of 457 properties sold in the Victoria Real Estate Board region this May, 46.1 per cent fewer than the 848 properties sold in May 2019 but 59.2 per cent more than the previous month of April 2020. Sales of condominiums were down 55.7 per cent from May 2019 with 108 units sold. Sales of single family homes were down 42.9 per cent from May 2019 with 254 sold.
Glynis' Market Report: May Edition
The premier of B.C. announced a four-phase reopening of B.C. on Tuesday following a surreal period of self isolation as we all worked to control the pandemic. Understandably, the COVID19 virus has had an impact on Greater Victoria’s real estate sales this April. While some sellers chose to postpone listing their homes, buyers opted to stay home, heeding the government advice, and limiting viewings unless moving was critical.
Victoria Spring market far from the usual as real estate continues to react to pandemic
A total of 287 properties sold in the Victoria Real Estate Board region this April, 58.8 per cent fewer than the 696 properties sold in April 2019 and 52.8 per cent fewer than the previous month of March 2020. Sales of condominiums were down 64 per cent from April 2019 with 73 units sold. Sales of single family homes were down 55.8 per cent from April 2019 with 163 sold.
