Victoria Real Estate | In the News Blog

Thursday, February 4, 2021   /   by Janine Thomson

January MLS Stats for Victoria BC

A total of 646 properties sold in the Victoria Real Estate Board region this January, 57.2 per cent more than the 411 properties sold in January 2020 and 2.4 per cent more than the previous month of December. Sales of condominiums were up 83.1 per cent from January 2020 with 216 units sold. Sales of single family homes were up 48.5 per cent from January 2020 with 297 sold."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. The competition for sparse inventory has pushed both pricing and activity up and has created the very fast-paced market that we've been experiencing for the past several months."There were 1,321 active listings for sale on the Victoria Real Estate B ...

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Friday, November 6, 2020   /   by Janine Thomson

Victoria's November Market Stats

Victoria Real Estate Market Out Performs 
As stated by the VREB November 2 2020, a total of 990 properties sold in the Victoria Real Estate Board region this October, 59.9 per cent more than the 619 properties sold in October 2019 and 0.1 per cent more than the previous month of September 2020. Sales of condominiums were up 70.8 per cent from October 2019 with 304 units sold. Sales of single family homes were up 53.1 per cent from October 2019 with 487 sold.
"Once again, another month concluded with numbers that surprised many of us," said Victoria Real Estate Board President Sandi-Jo Ayers. "Sales for October broke the record for the month and inventory continues to be snapped up quickly. Due to this high demand, low supply environment, we are seeing many multiple offer situations. Condos and single family homes both continue to be popular choices for buyers."There were 2,122 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end os ...

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Friday, November 6, 2020   /   by Janine Thomson

Temporary End to Open Houses in BC

photo courtesy of realtylink.org
With Covid cases on the rise here in BC, recently today, November 6 2020, the Real Estate Council of BC (RECBC) has strongly advised real estate agents to temporarily discontinue open houses and limit face to face interactions. 
In lieu, agents are allowed to continue private showings, by following the guidance from the Public Health Organization and to urge clients to use virtual tools to show the properties of interest. We continue to assist our clients with face to face interactions via phone, zoom, Whatspp, Facebook messenger and can do live showing through these virtual resources.In our private showings, we continue to administer the protocols of safety by wearing masks, gloves & handling all lights and doors during a home tour and to ensure sanitization stays in effect between all showings. 
On October 30th, the BC Public Health Officer issued orders to restrict the number of people that may attend a p; ...

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Saturday, October 17, 2020   /   by Janine Thomson

October 2020 Real Estate Statistics

Consumer interest in homeownership in Victoria unwavering over course of pandemic


A total of 989 properties sold in the Victoria Real Estate Board region this September, 60.6 per cent more than the 616 properties sold in September 2019 and 1 per cent more than the previous month of August 2020. Sales of condominiums were up 26.7 per cent from September 2019 with 280 units sold. Sales of single family homes were 91.9 per cent from September 2019 with 539 sold.
“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. There’s no doubt that buyers are extremely motivated and this increase ...

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  home sales, victoria real estate, real estate statistics