Victoria Real Estate Board June 2020 Stats

VICTORIA REAL ESTATE BOARD
3035 Nanaimo Street
Victoria, BC
V8T 4W2
T 250.385.7766
F 250.385.8773
www.vreb.org
www.openhousesvictoria.ca
July 2, 2020
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.
“This June we saw competing factors from all different sides of the real estate equation,” says Victoria Real
Estate Board President Sandi-Jo Ayers. “If all we do is look at numbers, we see a fairly normal June, in the midst
of a very not normal world. The impact of COVID-19 on our entire economy continues. And while some buyers
and sellers are slow to emerge from isolation, others have been highly active since the start of Phase 2 of BC’s
Restart Plan. Because of the pandemic, an eviction order that prohibited a landlord from ending a tenancy was
introduced. The order may have kept some homes from going to market. The portion of this order that prevented
a seller from providing vacant possession of a tenanted home was lifted late this month, which may bring some
listings to market that had been stalled. Due to the pandemic alone, we have multiple factors influencing the
inventory and sales in our market.”
There were 2,698 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
June 2020, 11.3 percent fewer properties than the total available at the end of June 2019 but a 6.1 per cent
increase from the 2,544 active listings for sale at the end of May 2020.
“Additionally, the Canada Mortgage and Housing Corporation announced changes that start July 1 which will
reduce the borrowing power of some buyers who insure through CMHC,” adds Ayers. “This may have pushed
some demand forward - although there are alternate suppliers of mortgage insurance. Ongoing low inventory
levels also mean that we are seeing a fair number of multiple offers. The condo market is slightly softer in terms
of sales numbers. This may be in part due to the recent strata insurance issues which caused concern for
owners and sellers. The government promised this month to begin to address the insurance issue, so there may
be some relief on the horizon. These are not normal days for local real estate, nor is this month a signal of a
return to normal, regardless of the numbers. That said, buyers and sellers are successfully navigating our market
with the help of local REALTORS®, who know how to implement health and safety protocols and understand the
complexities of our current market. As always, I recommend you consult your Realtor to understand what is
happening in the moment.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
June 2019 was $861,800. The benchmark value for the same home in June 2020 increased by 4 per cent to
$896,200, 1.2 per cent more than May’s value of $885,400. The MLS® HPI benchmark value for a condominium
in the Victoria Core area in June 2019 was $519,100, while the benchmark value for the same condominium in
June 2020 increased by 1.3 per cent to $525,600, 1.6 per cent less than the May value of $534,300.
About the Victoria Real Estate Board – Founded in 1921, the Victoria Real Estate Board is a key player in the development of
standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents
1,374 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed
information on the Victoria and area housing market.
PRESIDENT
Sandi-Jo Ayers
PRESIDENT ELECT
David Langlois
TREASURER
Karen Dinnie-Smyth
PAST PRESIDENT
Cheryl Woolley
DIRECTORS
Sheila Aujla
Robert Cole
Jackie Ngai
Graden Sol
Patrick Novotny
EXECUTIVE OFFICER
David Corey

01-Jul-2020
June 2020Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Sales by Property Type
Single Family Greater Victoria
Single Family Other Areas
Single Family Total All Areas
Condo Apartment
Row/Townhouse
Manufactured Home
Total Residential
Total Sales
Active Listings
Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$
2020 - June
399
209
100
11
780
460
808
61
2,698
214
108
61
13
436
254
457
40
2,544
348
216
79
15
704
394
740
46
3,040
$1,014,746
$480,097
$593,408
$418,500
$980,737
$758,283
$865,750
$425,000
$564,900
$210,000
$839,000
$750,000
$875,938
$453,060
$572,711
$203,877
$856,679
$753,645
$837,500
$390,000
$555,000
$199,900
$812,500
$622,000
$867,312
$464,188
$601,730
$198,927
$846,787
$691,506
$785,750
$420,000
$545,450
$202,400
$755,000
$539,750
86.4%
93.5%
63.9%
-15.4%
78.9%
81.1%
76.8%
52.5%
6.1%
14.7%
-3.2%
26.6%
-26.7%
10.8%
16.8%
9.2%
32.6%
-11.3%
15.8%
6.0%
3.6%
105.3%
14.5%
0.6%
17.0%
3.4%
-1.4%
110.4%
15.8%
9.7%
3.4%
9.0%
1.8%
5.1%
3.3%
20.6%
10.2%
1.2%
3.6%
3.8%
11.1%
39.0%
2020 - May 2019 - June
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: average selling price
Median$: median selling price
Active Listings: total listings on the market at midnight on the last day of the month
This Month Last Month This Month Last Year
1Victoria Real Estate Board Multiple Listing Service ®
June 2020
Statistics Package for Media
Victoria Real Estate Board June 2020 Statistics
Previous Periods Comparison of Unit Sales, Average Prices and Median Prices
Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values

Wednesday, July 01, 2020
Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of
the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and demand
respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is
downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.
- below 10%, there is downward pressure on prices (buyers' market)
- above 25%, there is upward pressure on prices (sellers' market)
- in the 15-20% range, there is little pressure on prices either way (balanced market)
Total new MLS® listings and total MLS® sales for entire district

The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market
trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common
attributes of typical homes in a defined area.
Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS®
HPI defined benchmark homes for Victoria in each category (single family homes, townhouses,
condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of
property and neighbourhood was assigned an index value of 100.
MLS® HPI benchmark and value - Single Family Homes
12 Months Ago
% Difference from 12 Months Ago (June 2019 to June 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
3. Area/Property Type Selection
All
2. Property Type
Single Family-All (SF-All)
Note: Areas with insufficient sales are not included in the HPI.
Source: Victoria Real Estate Board
Victoria REB –
SF-All
Core – SF-All
Westshore – SF-All
Peninsula – SF-All
Gulf Islands – SF-All
Malahat & Area –
SF-All
-1.1%
4.6%
4.0%
8.0%
3.9%
4.1%

MLS® HPI benchmark and value - Condominium / Apartments
12 Months Ago
% Difference from 12 Months Ago (June 2019 to June 2020)
Select Timeframe:
1. Area Group
VREB Area Summary
All
2. Property Type
Condo Apartment (Con)
Victoria REB – Con
Core – Con
Westshore – Con
Peninsula – Con
1.3%
1.3%
2.6%
1.9%

June 2020 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 3 Years Ago 5 Years Ago January 2005
Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
$989,200
$986,300 $981,300
$971,200
$959,900
$956,600
$949,000
$946,400 $929,800
$921,700
$909,000 $901,500 $895,500
$883,500
$880,600
$879,400 $874,200$872,700
$871,900
$865,100
$859,200$852,600
$848,700 $841,300
$841,200
$833,300
$829,500 $824,300
$811,400
$808,300
$803,200
$802,900
$791,300
$790,900
$789,300
$785,100
$783,300
$781,900
$780,500
$777,400
$773,400
$773,200
$768,300
$768,200
$765,500
$760,300
$755,900
$754,300
$753,000
$749,700$741,500
$729,800 $721,600 $713,900
$712,000
$711,900
$706,500
$705,800
$705,200 $700,900
$697,800
$697,300
$694,300
$691,100
$685,600 $684,200
$683,200
$680,800
$680,000
$674,700
$671,700
$668,900
$664,900
$662,800 $661,100
$660,200
$657,400
$657,300
$650,200
$649,300
$632,700
$631,400
$627,800
$622,800
$622,500
$616,600
$606,700
$601,500 $594,700
$589,400
$581,000
$578,400
$578,000
$575,600
$573,500$570,400
$563,400$560,000
$552,000
$549,900
$544,800
$539,000
$536,000
$530,500
$529,900
$528,800
$528,400
$522,000 $512,100
$508,900
$500,900
$487,300
$481,700
$463,500
$460,300
$455,400
$449,100
$444,200
$442,200
$437,700
$436,700
$406,600
$394,500
$370,800
$360,300
$357,100
$357,000
$354,900
$349,200
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,232,500 $1,231,400$1,229,800 $1,214,900$1,188,400$1,159,700
Benchmark Price by Timeframe and Property Type
Value or percent change
Value
Percent change
HPI or Benchmark Price
HPI
Benchmark Price
1. Area Group
VREB District Summary
All
2. Property Type

Victoria REB – SF-All
Victoria – SF-All
Victoria West – SF-All
Oak Bay – SF-All
Esquimalt – SF-All
View Royal – SF-All
Saanich East – SF-All
Saanich West – SF-All
Sooke – SF-All
Langford – SF-All
Metchosin – SF-All
Colwood – SF-All
Highlands – SF-All
North Saanich – SF-All
Sidney – SF-All
Central Saanich – SF-All
ML Malahat & Area –
SF-All
GI Gulf Islands – SF-All
256.8 253.9 251.2 240.4
239.9
238.5
237.4
235.7
234.5 234.0
233.3
232.9 230.5
230.4
229.9
228.9
228.7
228.5 227.0
226.9
226.7 226.1
226.0
224.4
224.3
223.7
223.3 223.1
222.9
222.8
222.3
221.6
221.5
221.4
221.2
220.8
220.1
219.9
219.2
219.0
218.6
218.1
218.0
217.2
217.1
216.6
216.6 215.5
215.3
215.2
214.0
213.0
212.6
212.4212.0
211.8
211.7
211.3
211.1
210.9
210.8
210.7
210.6
210.1
210.0
208.4
208.1
207.7
207.5
207.5
207.4
205.4
205.0
204.7
203.4
203.1
203.0
202.4
202.0
202.0
201.2
199.9
199.4
199.4
199.3
199.2
198.8
197.6
196.3
196.3
195.3
194.8
194.2
192.2
190.8
190.2
187.8
186.9 183.9
183.5
183.0
181.8
181.3
179.1
177.4
175.7
174.9
156.7
156.3
155.6
154.3
153.6
152.4
151.3
148.6
148.1
147.0
144.8
144.0
143.2
142.3
141.8
136.7
134.9
133.9
123.6 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
HPI by Timeframe and Property Type
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
$837,700$825,900$814,700 $790,000$788,600 $716,800
$635,900 $624,200$615,400 $610,300$608,100
$527,300
$525,700
$522,400$521,600
$519,800$519,600
$513,400
$512,800 $508,800
$506,400
$506,100
$501,800
$496,800
$493,900$493,500
$488,000
$487,600
$487,200$486,600
$486,300$484,100
$479,300
$478,100
$477,700
$474,400$473,400 $465,600
$456,500 $454,500 $451,100$446,900 $446,700
$442,100
$433,300
$433,100$433,000$430,600
$428,900
$426,400
$424,700$423,200$423,100$420,500
$417,300
$413,900
$412,900
$412,900
$412,500
$412,500$412,100
$411,500
$403,700
$393,200$388,700$385,200
$372,700
$368,700
$367,100
$363,600
$354,300
$353,000
$338,800
$323,800
$320,500
$319,300
$310,400
$304,800
$295,600
$285,000
$260,600
$260,500
$257,400
$254,300
$253,000
$245,600
$210,400
$205,300
$203,900
$202,500
$191,500
$176,600
$171,400
$169,700
$161,300
$155,700
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

Victoria – Con
Victoria West – Con
Oak Bay – Con
Esquimalt – Con
View Royal – Con
Saanich East – Con
Saanich West – Con
Langford – Con
Colwood – Con
Sidney – Con
Central Saanich – Con
269.1 267.9 265.9
265.9
264.4
263.4
263.3
263.3
262.4262.3260.7
257.9257.7
254.9254.8
253.9252.8
252.7252.6
252.5
251.5
251.3
251.2
250.6
249.6
249.5
248.8
248.3
248.2
247.9
247.8
247.4
247.3
246.7
244.0
243.8
243.2 241.2
241.0
240.9
240.6
240.5
240.3
240.3
237.5
236.8
236.3
236.1
235.9
233.8 233.6
233.5
233.4
233.2
232.9
232.8
231.1230.6
228.6
227.6
226.8
219.7
215.4
212.5
211.6
210.1
206.7
205.8
203.2
201.6
199.9
189.4
163.3
161.5
155.2
153.9
153.6
151.2
150.2
149.5
148.8
146.0
139.1
126.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type

Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
$704,600 $703,000 $694,000$689,800 $689,500
$681,600 $680,200 $675,700$673,200$672,000
$652,500 $646,900
$641,700
$639,800
$639,100
$637,200 $634,700
$631,400
$630,500
$628,000
$626,000
$625,000
$624,700$623,200 $621,700
$616,300
$600,600$597,400
$595,300
$593,300
$593,100$590,100 $587,000
$585,400
$584,800
$581,400
$576,200
$575,700
$574,700
$573,900
$573,400
$573,100
$572,900
$572,200
$571,600
$564,600
$564,400
$563,600$560,300 $558,600
$538,600
$538,600
$537,000$535,300
$534,700
$534,600
$534,000
$533,500
$532,900 $526,900
$525,900
$523,700$516,000
$512,800$512,500 $510,900
$509,200 $508,100
$502,700
$501,900
$500,300
$493,500$492,200
$489,900
$481,400$481,100 $475,000
$473,500
$472,400
$471,100
$466,000
$463,000
$463,000
$444,100
$438,000
$431,700
$425,100
$419,700
$410,000
$409,900
$393,200
$384,700
$383,700
$368,900
$362,700
$340,300
$338,100
$334,600
$325,200
$322,600
$287,700
$278,300
$269,500
$266,600
$266,100
$261,800
$256,100
$250,100
$247,600
$245,700
$241,900
$234,700
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type
Townhouse (Twn)

Victoria REB – Twn
Victoria – Twn
Victoria West – Twn
Esquimalt – Twn
View Royal – Twn
Saanich East – Twn
Saanich West – Twn
Sooke – Twn
Langford – Twn
Colwood – Twn
Sidney – Twn
Central Saanich – Twn
ML Malahat & Area – Twn
GI Gulf Islands – Twn
275.3 274.7 272.9271.9271.4
252.1 250.3 249.8249.2 248.6
244.1244.1 240.1238.7 238.0
232.7
228.8
226.8
222.9
222.0
221.7
221.5
221.3
221.1
221.0
220.6
220.3
220.2
219.6
219.2
218.4
218.3
218.1
217.9
217.8
217.6 217.3
215.3
215.1
215.0
213.9
213.8 213.7
213.3
213.1
213.1
212.8
212.0
211.8
210.9210.1
210.0
208.7
200.1
198.3
198.0
197.3
194.5 194.1
193.5
192.7
192.7192.6 192.0
191.8
191.7
191.4
191.0
190.8
188.9
188.7
188.5188.0
188.0
188.0187.9
186.8
185.5
184.2
182.0 180.8
170.0
168.7
168.6
167.3
166.9
163.9
152.5
147.5
147.3
146.0
145.9
142.4
137.6
136.3
130.0
127.0
122.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Value
Percent change
HPI
Benchmark Price
1. Area Group
All
2. Property Type
Townhouse (Twn)

Victoria REB – SF-All Core – SF-All Westshore – SF-All Peninsula – SF-All
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Benchmark Price Performance over Time
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
HPI
Benchmark Price
Adding labels
Hold Ctrl (Cmd) and select points on the chart to show multiple date/value labels

Victoria REB – Con Core – Con Westshore – Con Peninsula – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
1. Area Group
VREB Area Summary
All
2. Property Type
HPI
Benchmark Price
Adding labels

Victoria REB – Twn Core – Twn Westshore – Twn Peninsula – Twn
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
Townhouse (Twn)
HPI
Benchmark Price
Adding labels

Victoria REB – SF-All Victoria REB – Twn Victoria REB – Con
Select Date Range:
All values
Jan 2005
Jan 2006
Jan 2007
Jan 2008
Jan 2009
Jan 2010
Jan 2011
Jan 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Benchmark Price ($)
200,000
300,000
400,000
500,000
600,000
700,000
800,000
1. Area Group
VREB Area Summary
Multiple values
2. Property Type
Multiple values
HPI
Benchmark Price
Adding labels

Monthly Sales Summary
Units Total Volume
June 2020
Region
District
Residential
Single Familyl
Greater Victoria
Victoria 34 $34,266,000
Victoria West 2 $1,753,000
Oak Bay 38 $58,405,504
Esquimalt 9 $8,075,400
View Royal 12 $9,117,900
Saanich East 72 $74,952,337
Saanich West 21 $16,451,400
Central Saanich 23 $19,292,000
North Saanich 24 $25,492,886
Sidney 6 $4,258,500
Highlands 2 $2,240,000
Colwood 24 $18,191,645
Langford 67 $52,589,252
Metchosin 10 $10,084,800
Sooke 35 $22,608,135
Waterfront (all districts) 20 $47,104,800
Total Greater Victoria 399 $404,883,559
Other Areas
Shawnigan Lake / Malahat 6 $4,021,500
Gulf Islands 24 $18,525,800
UpIsland / Mainland 17 $11,721,949
Total Other Areas 61 $46,255,249
Total Single Family 460 $451,138,808
Condo Apartmentl
Greater Victoria
Victoria 64 $31,046,376
Victoria West 17 $10,739,300
Oak Bay 3 $1,824,000
Esquimalt 14 $5,538,600
View Royal 1 $415,000
Sidney 12 $5,157,800
Colwood 6 $2,855,900
Langford 31 $12,160,100
Sooke 1 $755,000
Total Condo Apartment 209 $100,340,370
1
Victoria Real Estate Board Multiple Listing Service ®

Units Total Volume
June 2020
Region
District
Row/Townhousel
Greater Victoria
Victoria 7 $4,902,000
Esquimalt 2 $1,196,000
View Royal 4 $2,717,000
North Saanich 1 $715,000
Sidney 5 $3,513,000
Colwood 7 $3,846,850
Langford 26 $13,913,595
Sooke 9 $3,552,695
Other Areas
Gulf Islands 1 $366,900
UpIsland / Mainland -1 ($439,900)
Waterfront (all districts) 2 $590,000
Total Other Areas 2 $517,000
Total Row/Townhouse 100 $59,340,825
Manufactured Homel
Greater Victoria
View Royal 1 $210,000
Central Saanich 1 $281,000
Sidney 1 $400,000
Colwood 1 $490,000
Langford 1 $141,000
Sooke 1 $122,000
Other Areas
Shawnigan Lake / Malahat 1 $100,000
UpIsland / Mainland 3 $559,500
Total Other Areas 4 $659,500
Total Manufactured Home 11 $4,603,500
Total Residential 780 $615,423,503
2

Units Total Volume
June 2020
Region
District
Grand Totals 808 $631,792,569
13 $7,701,066Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
Oak Bay 1 $1,680,000
Langford 1 $263,500
Sooke 2 $409,900
Other Areas
Shawnigan Lake / Malahat 3 $1,236,000
Gulf Islands 5 $3,356,100
UpIsland / Mainland 1 $435,000
Total Other Areas 9 $5,027,100
Total Lots & Acreage (Incl Wtrfrnt) 15 $8,668,000
3

Active Listings, New Listings and Sales June 2020
1,200
1,400
1,600
1,800
2,000
2,200
2,400
2,600
2,800
3,000
3,200
3,400
3,600
3,800
4,000
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Total Active MLS® Listings
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
Total New MLS® Listings and Total MLS® Sales
Listings Sales

Sales to Active Listings Ratio June 2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Jun2020
The Sales to Active Listings Ratio
This chart tracks the ratio of total residential sales over total active residential listings at month-end for
each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and
demand respectively. Observing the ratio between them can thus help indicate a "buyers' market",
where there is sustained downward pressure on prices, and a "sellers' market", where there is
sustained upward pressure on prices.
Based on a regression analysis performed by the Economics Department of the BC Real Estate
Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be
interpreted as follows:
- below 14%, there is downward pressure on prices (buyers' market)
- above 20%, there is upward pressure on prices (sellers' market)
- in the 14-20% range, there is little pressure on prices either way (balanced market)

Monthly Comparative Activity By Property Type
July 1, 2020
June 2020
Current Month
This Year % ChangeLast Year
Year To Date
Single Family - Residential
Units Listed 520
Units Sold 371
Sell/List Ratio 71
Sales Dollars $344,045,408
Average Price / Unit $927,346
Price Ratio 99
Days To Sell 37
Active Listings at Month End 734
%
%
514
343
67
$282,573,089
$823,828
98
39
1034
%
%
1
8
22
13
-7
-29
%
%
%
%
%
%
2299
1368
60
$1,193,680,430
$872,573
98
39
%
%
3050
1631
53
$1,345,147,061
$824,738
98
39
%
%
-25
-16
-11
6
-1
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 55
Units Sold 33
Sell/List Ratio 60
Average Price / Unit $1,789,267
Price Ratio 95
Days To Sell 59
%
%
56
17
30
$27,383,000
$1,610,765
97
56
203
%
%
-2
94
116
11
5
-24
%
%
%
%
%
%
226
93
41
$155,685,563
$1,674,038
94
91
%
%
259
77
30
$104,731,961
$1,360,155
94
101
%
%
-13
21
49
23
-9
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 70
Units Sold 39
Sell/List Ratio 56
Price Ratio 95
Days To Sell 41
%
%
62
19
31
$15,795,000
$831,316
95
55
190
%
%
13
105
146
20
-24
-28
%
%
%
%
%
%
255
128
50
$133,377,449
$1,042,011
96
68
%
%
301
126
42
$113,569,084
$901,342
97
69
%
%
-15
2
17
16
-1
%
%
%
%
%
Condo Apartment
Units Listed 434
Units Sold 209
Sell/List Ratio 48
Price Ratio 98
Days To Sell 45
%
%
304
216
71
$100,264,574
$464,188
98
35
643
%
%
43
-3
0
3
27
19
%
%
%
%
%
%
1907
861
45
$413,873,980
$480,690
98
39
%
%
1893
1099
58
$512,055,352
$465,928
98
37
%
%
1
-22
-19
3
4
%
%
%
%
%

July 1, 2020
June 2020
Current Month
Year To Date
Row/Townhouse
Units Listed 180
Units Sold 100
Sell/List Ratio 56
Price Ratio 99
Days To Sell 48
%
%
135
79
59
$47,536,699
$601,730
98
41
258
%
%
33
27
25
-1
17
-3
%
%
%
%
%
%
687
399
58
$236,809,054
$593,506
99
48
%
%
764
408
53
$249,766,211
$612,172
98
37
%
%
-10
-2
-5
-3
27
%
%
%
%
%
Half Duplex (Up and Down)
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Average Price / Unit
Price Ratio
Days To Sell
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
3
2
67
$691,000
$345,500
95
172
%
%
0
0
$0
%
%
%
%
%
%
%
Half Duplex (Side by Side)
Units Listed 17
Units Sold 10
Sell/List Ratio 59
Price Ratio 100
Days To Sell 58
%
%
15
6
40
$3,762,500
$627,083
97
94
23
%
%
13
67
51
-9
-38
-30
%
%
%
%
%
%
60
33
55
$21,347,900
$646,906
99
39
%
%
68
40
59
$26,324,840
$658,121
98
54
%
%
-12
-18
-19
-2
-28
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Price Ratio 99
Days To Sell 19
%
%
4
2
50
$1,370,000
$685,000
99
30
5
%
%
-50
50
52
1
-38
-60
%
%
%
%
%
%
8
7
88
$4,605,400
$657,914
99
32
%
%
19
12
63
$8,361,500
$696,792
99
36
%
%
-58
-42
-45
-6
-11
%
%
%
%
%

July 1, 2020
June 2020
Current Month
Year To Date
Recreational
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Sales Dollars $144,000
Price Ratio 92
Days To Sell 655
%
%
5
4
80
$463,500
$115,875
92
94
25
%
%
0
-50
-69
-38
600
-40
%
%
%
%
%
%
16
5
31
$420,000
$84,000
91
412
%
%
26
7
27
$773,500
$110,500
94
59
%
%
-38
-29
-46
-24
598
%
%
%
%
%
Manufactured Home
Units Listed 18
Units Sold 11
Sell/List Ratio 61
Price Ratio 93
Days To Sell 55
%
%
17
15
88
$2,983,900
$198,927
94
63
46
%
%
6
-27
54
110
-14
-22
%
%
%
%
%
%
99
66
67
$15,285,125
$231,593
95
60
%
%
119
81
68
$15,691,788
$193,726
95
54
%
%
-17
-19
-3
20
12
%
%
%
%
%
Residential Lot
Units Listed 21
Units Sold 5
Sell/List Ratio 24
Price Ratio 97
Days To Sell 86
%
%
37
18
49
$5,064,200
$281,344
94
148
198
%
%
-43
-72
-77
-18
-42
-34
%
%
%
%
%
%
148
53
36
$24,436,674
$461,069
99
136
%
%
219
67
31
$20,140,720
$300,608
94
150
%
%
-32
-21
21
53
-10
%
%
%
%
%
Residential Lot - Waterfront
Units Listed 10
Units Sold 1
Sell/List Ratio 10
Price Ratio 99
Days To Sell 45
%
%
3
1
33
$315,000
$315,000
103
19
25
%
%
233
0
433
433
137
68
%
%
%
%
%
%
40
6
15
$4,113,125
$685,521
93
266
%
%
27
6
22
$4,663,500
$777,250
95
163
%
%
48
0
-12
-12
63
%
%
%
%
%

July 1, 2020
June 2020
Current Month
Year To Date
Residential Acreage
Units Listed 25
Units Sold 6
Sell/List Ratio 24
Price Ratio 95
Days To Sell 302
%
%
20
6
30
$1,775,000
$295,833
93
108
93
%
%
25
0
19
19
179
-16
%
%
%
%
%
%
88
34
39
$19,656,000
$578,118
93
146
%
%
93
27
29
$12,183,000
$451,222
93
158
%
%
-5
26
61
28
-8
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 2
Units Sold 3
Sell/List Ratio 150
Price Ratio 91
Days To Sell 176
%
%
2
4
200
$13,810,000
$3,452,500
96
286
27
%
%
0
-25
-73
-64
-38
7
%
%
%
%
%
%
22
10
45
$9,689,182
$968,918
89
126
%
%
23
8
35
$16,525,000
$2,065,625
96
298
%
%
-4
25
-41
-53
-58
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 6
Units Sold 2
Sell/List Ratio 33
Price Ratio 95
Days To Sell 48
%
%
4
3
75
$2,286,900
$762,300
97
47
12
%
%
50
-33
-42
-13
2
-42
%
%
%
%
%
%
29
17
59
$16,190,950
$952,409
97
42
%
%
22
8
36
$7,696,800
$962,100
97
34
%
%
32
113
110
-1
26
%
%
%
%
%
Revenue - Multi Unit
Units Listed 8
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
1
100
$2,000,000
$2,000,000
100
51
6
%
%
700
-100
-100
167
%
%
%
%
%
%
20
1
5
$1,750,000
$1,750,000
88
30
%
%
9
4
44
$6,488,000
$1,622,000
97
70
%
%
122
-75
-73
8
-57
%
%
%
%
%

July 1, 2020
June 2020
Current Month
Year To Date
Revenue - Apartment Block
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
0
0
$0
3
%
%
200
100
%
%
%
%
%
%
9
3
33
$8,498,900
$2,832,967
93
128
%
%
8
2
25
$8,430,000
$4,215,000
93
79
%
%
13
50
1
-33
62
%
%
%
%
%
Revenue - Commercial
Units Listed 10
Units Sold 1
Sell/List Ratio 10
Price Ratio 95
Days To Sell 73
%
%
10
2
20
$1,105,000
$552,500
100
82
36
%
%
0
-50
-62
-23
-10
25
%
%
%
%
%
%
40
9
23
$7,440,900
$826,767
96
90
%
%
47
16
34
$9,285,120
$580,320
94
111
%
%
-15
-44
-20
42
-19
%
%
%
%
%
Revenue - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
0
0
$0
1
%
%
-100
0
%
%
%
%
%
%
1
0
0
$0
%
%
2
1
50
$249,000
$249,000
100
21
%
%
-50
-100
-100
%
%
%
%
%
Business with Land & Building
Units Listed 4
Units Sold 8
Sell/List Ratio 200
Price Ratio 93
Days To Sell 106
%
%
7
0
0
$0
34
%
%
-43
-12
%
%
%
%
%
%
40
17
43
$27,563,992
$1,621,411
91
144
%
%
33
9
27
$6,770,059
$752,229
106
139
%
%
21
89
307
116
4
%
%
%
%
%

July 1, 2020
June 2020
Current Month
Year To Date
Business Only
Units Listed 4
Units Sold 2
Sell/List Ratio 50
Price Ratio 30
Days To Sell 138
%
%
13
3
23
$200,000
$66,667
68
167
74
%
%
-69
-33
-68
-51
-18
-35
%
%
%
%
%
%
58
12
21
$995,500
$82,958
77
118
%
%
79
18
23
$1,556,600
$86,478
72
104
%
%
-27
-33
-36
-4
13
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
1
%
%
200
%
%
%
%
%
%
2
0
0
$0
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Lease - Office
Units Listed 16
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
2
0
0
$0
32
%
%
700
50
%
%
%
%
%
%
43
2
5
$40
$20
402
%
%
29
9
31
$175
$19
170
%
%
48
-78
-77
3
137
%
%
%
%
%
Lease - Retail
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Sales Dollars $31
Average Price / Unit $31
Price Ratio
Days To Sell 37
%
%
1
0
0
$0
25
%
%
500
0
%
%
%
%
%
%
28
6
21
$1,740
$290
112
233
%
%
26
6
23
$116
$19
2
110
%
%
8
0
1397
1397
111
%
%
%
%
%

July 1, 2020
June 2020
Current Month
Year To Date
Lease - Warehouse
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
1
%
%
0
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Lease - Industrial
Units Listed 1
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
1
0
0
$0
%
%
1
1
100
$9
$9
45
%
%
0
-100
-100
%
%
%
%
%
Lease - Other
Units Listed 10
Units Sold 1
Sell/List Ratio 10
Sales Dollars $15
Average Price / Unit $15
Price Ratio
Days To Sell 88
%
%
6
1
17
$23
$23
91
29
%
%
67
0
-35
-35
-3
83
%
%
%
%
%
%
51
2
4
$30
$15
61
%
%
28
9
32
$187
$21
150
%
%
82
-78
-84
-28
-59
%
%
%
%
%
Commercial Land
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
0
0
$0
16
%
%
200
56
%
%
%
%
%
%
23
0
0
$0
%
%
17
2
12
$1,520,000
$760,000
84
250
%
%
35
-100
-100
%
%
%
%
%

July 1, 2020
June 2020
Current Month
Year To Date
Units Listed 1430
Units Sold 808
Sell/List Ratio 57
Price Ratio 98
Days To Sell 47
%
%
Grand Totals
1221
740
61
$508,688,385
$687,417
98
46
3040
%
%
17
9
24
14
4
-11
%
%
%
%
%
%
6204
3134
51
$2,296,112,934
$732,646
98
49
%
%
7164
3674
51
$2,471,929,583
$672,817
98
47
%
%
-13
-15
-7
9
5
%
%
%
%
%

Victoria Real Estate Board June 2020 Stats

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