Past Market Trends

Please note that while the use of average price information can be useful in establishing trends when applied over a period of time, i.e. six months or longer, the Victoria Real Estate Board cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR®.

March 2013

Market Activity Follows Traditional Real Estate Cycle in Greater Victoria VICTORIA, BC–Greater Victoria’s real estate market is following tradition with a spring upswing in activities with month-over-month increases in showings, new listings and total sales. The Victoria Real...

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June 2012

Second Quarter of 2012 Real Estate Market Continues Slow Growth It’s been a typical spring market in Greater Victoria real estate with good volume but average prices lower than a year ago. Monthly Sales Summary Average Selling Price Graphs Active Listings, New Listings and Sales...

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May 2012

May 2012 Real Estate Market is picking up in Victoria Consumers are showing confidence in the Greater Victoria real estate market, evidenced by a spike of 71 residential sales in May 2012 over the previous month. “During the last two or three months, we’ve seen many potential buyers...

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April 2012

Flat Market in April 2012 maintains balanced Real Estate in Greater Victoria Pricing and sales numbers for most categories are essentially the same as in March 2012, spelling out a balanced real estate market for Greater Victoria. “That’s good news for both buyers and...

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March 2012

Single Family Housing Leads March 2012 Housing Market in Victoria Single family homes sales have risen 17% since last month, while the six-month average price is up 1% to $599,551. The average price of a Greater Victoria single family home in March 2012 is $640,553 up from $579,985, but is...

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February 2012

February 2012 Victoria Real Estate Market Reflects Consumer Confidence The story continues from last month when the Victoria Real Estate Board reported a relatively stable market when compared to the same time in 2011, but REALTORS® report they are optimistic that new provincial HST...

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January 2012

January 2012 shows Increased Activity in Victoria Real Estate Market While the average price for a single family home in Greater Victoria softened slightly (3.62%) in January 2012 when compared to January 2011, sales over the same period have increased by 9.4%. Monthly Sales Summary Average...

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December 2011

Last Half of 2011 sees Stablized Real Estate Market While the real estate market started out sluggish in 2011, by mid-summer unit sales had stabilized. In December, annual sales for single family homes, townhomes and manufactured homes had increased, while condominium sales decreased by...

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November 2011

Real Estate Activity Stable in November Real estate sales activity remained steady throughout Greater Victoria last month with a total of 482 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), virtually unchanged from 483...

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October 2011

Real Estate Activity Increases in October Real estate sales activity showed a modest increase throughout Greater Victoria last month with a total of 483 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from 458 sales...

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September 2011

Real Estate Sales Ease in September Outlook for Balance of 2011 Remains Stable Real estate sales activity softened throughout Greater Victoria last month with a total of 458 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service®...

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August 2011

Real Estate Sales Strengthen in August Enhancing Market Stability Real estate sales activity picked up throughout Greater Victoria last month with a total of 542 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from...

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July 2011

Real Estate Sales and Prices Soften in July A total of 523 homes and other properties sold in July through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from 618 sales in June but very close to the 527 sales in July of last year. Overall prices, meantime,...

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June 2011

Real Estate Sales Steady in June A total of 618 homes and other properties sold in June through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from 572 sales in May and very close to the 625 sales in June of last year. Monthly Sales Summary Average...

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May 2011

Real Estate Sales Steady in May The number of property sales throughout Greater Victoria in May showed little change compared to April while overall prices showed some softening. A total of 572 homes and other properties sold in May through the Victoria Real Estate Board’s Multiple...

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April 2011

Real Estate Sales Soften, Pries Steady in April The number of property sales throughout Greater Victoria softened in April while prices remained steady, showing increases for condominiums and townhomes and minor movement for single family homes. A total of 574 homes and other properties sold in...

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March 2011

Real Estate Activity picks up in March The number of property sales throughout Greater Victoria rose in March for the second consecutive month while prices for all major property types registered modest increases. A total of 622 homes and other properties sold in March through the Victoria Real...

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February 2011

Real Estate Sales Increase in February The number of property sales throughout Greater Victoria rose in February. Prices remained mixed while the number of properties available for sale also rose. A total of 488 homes and other properties sold in February through the Victoria Real Estate...

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January 2011

January Real Estate Sales and Prices Steady The number of property sales throughout Greater Victoria showed little movement in January while overall prices remained stable. A total of 339 homes and other properties sold in January through the Victoria Real Estate Board’s Multiple listing...

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December 2010

2010 - A Return to A Balanced Real Estate Market Last year was marked by a return to a balanced real estate market in the Greater Victoria area. Sales were strong in the early months of the year, then softened mid-year before regaining strength in the fall. A total of 6,546 homes and other...

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November 2010

November Real Estate Sales Rise The number of property sales throughout Greater Victoria rose in November. Prices, meantime, remained mixed with gains for condominiums but some declines for single family homes and townhomes. A total of 479 homes and other properties sold in November through the...

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October 2010

Real Estate Sales Rise in October The number of property sales throughout Greater Victoria rose in October while prices remained mixed. A total of 467 homes and other properties sold in October through the Victoria Real Estate Board’s Multiple listing Service® (MLS®), up 18 per...

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September 2010

The number of property sales throughout Greater Victoria slowed further in September while prices showed some variability, depending on the property type. Monthly Sales Summary Average Selling Price Graphs Active Listings, New Listings and Sales Graphs A total of 395 homes and other...

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August 2010

The property market throughout Greater Victoria softened in August with fewer sales and a decline in overall prices for single family homes and condominiums; overall prices for townhomes, however, rose in August. Monthly Sales Summary Average Selling Price Graphs Active Listings, New...

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