Modern Kitchen

FAIR REALTY | Victoria BC

 
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serving Victoria B.C and surrounding area

 

"Success takes hard work, research, knowledge, and commitment, but the real victory comes through honesty, transparency, and being true to your word" - Fredrick Eklund

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Chinatown

MARKET DATA

Local

10,052

# of sales total

A grand total of 10,052 properties sold over the course of 2021

18.3 per cent more than the 8,497 that sold in 2020. 2021 sales came in close to 2016’s record breaking sales year where 10,622 properties were sold

478

# of sales monthly

478 properties sold in the Victoria Real Estate Board region this August, 42.5 per cent fewer than the 831 properties sold in August 2021 and a 6.3 per cent decrease from July 2022

-1.2%

Monthly Update

There were 2,137 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2022, a decrease of 1.2 per cent compared to the previous month of July but a 90.8 per cent increase from the 1,120 active listings for sale at the end of August 2021.

$1,391,700

HPI (single family home)

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2021 was $1,201,400. The benchmark value for the same home in August 2022 increased by 15.8 per cent to $1,391,700 but was down 2.9 per cent from July's value of $1,433,400. 

Canada

national data

-12.6%

  • National home sales dropped by 12.6% on a month-over-month basis in April.

-0.6%

average home price

  • The MLS® Home Price Index (HPI) edged down 0.6% month-over-month but was still up 23.8% year-over-year.

-2.2%

Monthly Update

  • The number of newly listed properties was down 2.2% month-over-month.

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NEWS

local and national

 
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Why use a REALTOR®.?

To be a REALTOR®, an agent must be a member of The Canadian Real Estate Association (CREA). This means agents are duty bound to do their absolute best and follow a code. The code is the accepted standard of conduct for all real estate practitioners who are REALTORS®. It’s our guarantee of professional conduct and quality service. Read more at CREA.ca

 More about Megan 

 
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