Your Monthly real estate update Welcome to May!As we step into May, Victoria’s real estate market is holding steady, though leaning toward the cooler side of balanced. April saw stable sales and growing inventory—with the highest number of active listings in nearly a decade. Despite a slower pace, the average price for single-family homes hit $1.396M—its highest...

Your Monthly real estate update https://youtu.be/wCh3eXNp224"“The economic uncertainty the world faces right now certainly colours our local real estate market,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “In spite of this, our market remains as it has in recent months - stable and balanced. Inventory levels this past month held steady at over...

Your Monthly real estate update https://youtu.be/wCh3eXNp224"“February was another stable month for local real estate,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “The combination of slowly growing inventory and slightly increased sales means that our market remains in balance from the start of the year, which creates comfortable conditions for...

Your Monthly real estate update https://youtu.be/wCh3eXNp224"“We’ve seen a strong hand off from the December market to January with a good sense of momentum building,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Over the course of the month, we saw an uptick in new listings, and it is the first time in ten years that over one thousand new...

Your Monthly real estate update https://youtu.be/wCh3eXNp224"“2024 was a fairly calm year for local real estate,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “And this is what we like to see for consumers! It has been a year of stability and predictability. Prices have been relatively level for the past two years now, which has made it easier for...

Your Monthly real estate update https://youtu.be/mKeAEdmPQ9g"“I’ve found that buyers and sellers are feeling optimistic right now,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “With the steady decrease we’ve seen in interest rates and the continued balance in the market, consumers are feeling more comfortable and empowered to make the big...

Your Monthly real estate update https://youtu.be/V4KafahWdgk"“Sales did increase notably over last year, but it’s important to include some context,” said 2024 Victoria Real Estate Board Chair-Elect Dirk VanderWal. “October 2023 saw the fewest sales in that month since 2008, which distorts a year-over-year comparison; in fact, last month’s sales count was almost...

Your Monthly real estate update https://youtu.be/V4KafahWdgk"“The real estate market in Victoria right now is much more stable and more predictable than it has been in recent years,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “We have seen a few solid months of near-balance in the market, which means it’s neither a seller’s nor a buyer’s market...

Your Monthly real estate update https://www.youtube.com/watch?v=7cuNL6Lc-fs"A total of 545 properties sold in the Victoria Real Estate Board region this August, 0.2 per cent more than the 544 properties sold in August 2023 and a 16.5 per cent decrease from July 2024. Sales of condominiums were up 10.4 per cent from August 2023 with 181 units sold. Sales of single family homes...

Your Monthly real estate update https://youtu.be/vW-MS860lpw""A total of 650 properties sold in the Victoria Real Estate Board region this July, 9.2 per cent more than the 595 properties sold in July 2023 and a 1.7 per cent decrease from June 2024. Sales of condominiums were up 6.5 per cent from July 2023 with 213 units sold. Sales of single family homes increased by 8.9...