Vreb may 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
June 1, 2020
Victoria real estate activity picks up as restrictions ease
A total of 457 properties sold in the Victoria Real Estate Board region this May, 46.1 per cent fewer
than the 848 properties sold in May 2019 but 59.2 per cent more than the previous month of April
2020. Sales of condominiums were down 55.7 per cent from May 2019 with 108 units sold. Sales of
single family homes were down 42.9 per cent from May 2019 with 254 sold.
“Our market continues to respond to the current health crisis,” says Victoria Real Estate Board
President Sandi-Jo Ayers. “Activity in real estate right now echoes the activity in our broader
community – as restrictions gradually begin to lift - so too have our sales and listings numbers. Of
course, like any industry, we do not expect a sudden shift back to any kind of normal. That said, one
theme that persists in our market is that well-priced properties in high demand areas continue to see
multiple offers. Demand exists and we continue to have motivated buyers searching for their perfect
home.”
There were 2,544 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at
the end of May 2020, 15.7 percent fewer properties than the total available at the end of May 2019 but
a 10.4 per cent increase from the 2,305 active listings for sale at the end of April 2020.
“If you’re considering buying or selling a property right now you will find the experience different than
pre-pandemic,” adds Ayers. “REALTORS® are doing our part to ensure that there is not a resurgence
of COVID-19 in our community by following government health and safety guidelines, by leveraging
technology to facilitate many aspects of the real estate transaction virtually and by implementing
various clean showing protocols. Your Realtor will navigate the new processes and requirements to
keep you, your property and our city safe and healthy.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the
Victoria Core in May 2019 was $863,000. The benchmark value for the same home in May 2020
increased by 2.6 per cent to $885,400, 0.1 per cent more than April’s value of $884,600. The MLS®
HPI benchmark value for a condominium in the Victoria Core area in May 2019 was $516,400, while
the benchmark value for the same condominium in May 2020 increased by 3.5 per cent to $534,300,
0.1 per cent more than the April value of $533,600.
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 1,380 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. For a list of live stream
open houses, visit openhousesvictoria.ca.
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-Jun-2020
May 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 - May
214
108
61
13
436
254
457
40
2,544
145
73
32
7
275
163
287
18
2,305
402
244
92
19
800
445
848
43
3,019
$875,938
$453,060
$572,711
$203,877
$856,679
$753,645
$837,500
$390,000
$555,000
$199,900
$812,500
$622,000
$880,851
$421,512
$599,066
$223,857
$861,305
$703,854
$795,000
$410,000
$578,500
$120,000
$775,000
$620,966
$856,061
$470,311
$633,751
$202,637
$839,082
$680,349
$775,000
$428,950
$586,000
$182,500
$770,000
$625,000
47.6%
47.9%
90.6%
85.7%
58.5%
55.8%
59.2%
122.2%
10.4%
-46.8%
-55.7%
-33.7%
-31.6%
-45.5%
-42.9%
-46.1%
-7.0%
-15.7%
-0.6%
7.5%
-4.4%
-8.9%
-0.5%
7.1%
2.3%
-3.7%
-9.6%
0.6%
2.1%
10.8%
5.3%
-4.9%
-4.1%
66.6%
4.8%
0.2%
8.1%
-9.1%
-5.3%
9.5%
5.5%
-0.5%
2020 - April 2019 - May
Legend
Units: net number of listings sold
LM%: percentage change since Last Month
LY%: percentage change since This Month Last Year
Average$: 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 ®
May 2020
Statistics Package for Media
Victoria Real Estate Board May 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

Monday, June 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 (May 2019 to May 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 data do not generate statistics and are not included in the dashboard.
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
-1.7%
3.1%
2.6%
4.9%
2.8%
4.3%

MLS® HPI benchmark and value - Condominium / Apartments
12 Months Ago
% Difference from 12 Months Ago (May 2019 to May 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
3.1%
3.5%
4.0%
0.1%

May 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
$974,600$971,200
$967,700$960,400$959,900
$956,100
$946,300
$940,500$940,000
$937,600
$901,500 $897,900 $884,900 $877,400$872,700
$871,900 $871,400 $868,800
$867,400
$865,200
$848,700
$847,800 $846,100
$842,800 $839,100 $835,000$824,600
$818,800
$810,300
$803,100
$789,300
$783,400
$783,300
$782,200$781,900
$780,500
$778,100
$777,400
$775,900
$772,800
$770,800
$768,000
$762,900
$759,300
$759,000
$758,900
$757,600
$757,300
$755,600
$752,300
$750,400
$723,300$721,600
$706,500
$704,800
$702,200
$699,800
$696,900
$694,300
$694,000
$692,700
$689,200
$687,600
$685,600
$680,800
$680,600
$680,000 $678,200
$676,600
$674,700
$668,100
$667,100
$666,600
$662,200
$662,000
$660,500$659,600
$653,200
$648,600
$641,500$641,200
$621,400
$616,600
$611,400
$610,200
$604,400
$601,700
$597,100
$594,700 $581,700
$574,000
$570,100$569,300
$567,900
$565,300
$564,500
$560,000 $555,700
$552,000
$547,300$536,400
$531,100
$525,600
$525,200$524,100
$523,500
$523,000
$522,000
$510,600
$508,600
$487,300
$482,600
$469,700
$460,600
$460,300
$459,900
$455,400
$454,700
$437,700
$433,600
$428,800
$404,100
$394,500
$370,800
$357,100
$357,000
$351,900
$349,200
$348,300
$332,600
$329,800
$321,400
$308,000
$292,400
$291,500
$284,200
$282,400
$265,000
$1,229,800 $1,229,200 $1,211,500 $1,203,800 $1,203,300$1,162,400
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
254.5253.9 248.0244.2
237.5
237.4
236.9
235.7
234.5
230.2 229.7 229.1
228.9
228.5
228.5 227.6
227.3
226.4
226.3
226.0
225.2
224.3
224.3
223.4
222.8
222.8 222.7
222.4
222.4
221.3
221.2
220.8 220.2
219.5
219.3
219.1219.0
218.6
218.1 218.0
217.3
217.3
216.6
216.6
215.1
214.3
213.7 212.6
212.5
212.4
212.1
211.8
211.3
211.1
210.9210.8
210.7
210.6
210.6
210.5
210.5
210.2
210.1
209.7
208.3208.2
207.8
207.2
206.5
206.0
206.0
205.9
205.8
205.5205.2
204.6
202.4
201.9201.6
200.4
200.2
200.0199.3
199.2 199.1 198.5
196.9
196.2
196.0
195.2
193.7 193.3
193.0192.9
190.2
186.8
183.3
182.2180.2
179.8
179.8179.1
178.0
176.1
174.5
173.7
170.9
160.0
157.3
156.3
154.8
154.8
149.9
147.2
147.1
146.8
146.5
143.3
143.1
141.2
140.8
138.1
134.0
133.1
132.8
119.5 100.0
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
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
$836,000$825,900 $820,800 $794,000$783,500 $710,400
$639,400 $615,600$615,400 $605,800$601,500
$537,600
$527,100$522,400
$521,400
$519,700
$519,600 $514,300
$506,400
$505,500
$504,600
$504,100
$503,900
$497,900
$494,000
$491,700
$488,900
$487,200 $486,600
$486,100
$486,000
$485,900
$484,800
$477,500$477,300$476,900$474,400
$461,600
$455,700 $455,000 $448,600$446,700 $443,000
$439,300
$436,600
$433,000 $432,100
$429,000
$428,600
$426,900$423,100 $419,500 $418,200
$418,000 $415,000
$413,100
$412,900
$411,800
$404,200
$403,500
$403,400
$399,400
$396,300
$393,000$388,700 $384,900 $365,500
$363,700
$363,700
$361,300
$348,800
$348,300
$338,800
$330,500
$326,200
$318,300
$307,700
$303,800
$291,200
$289,400
$263,600
$262,200
$257,100
$257,000
$253,000
$250,000
$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
268.6 268.2
266.0264.7
264.4
264.4
263.3
262.3
261.1
260.1
260.0
259.3
256.3
255.7
255.3
254.8
253.8 253.7
252.7
252.6
252.4
252.2
252.1
250.5
249.6
249.2
248.3
247.9
247.2
247.1
247.0
246.8243.8
243.3243.2
242.3
241.0
240.6 240.3240.0
239.6
239.5
239.4
239.4
237.7
236.7
235.8
235.0
234.8
234.7
234.4
233.8
232.6232.5232.3
232.0
231.3
231.1
228.5 226.2
225.5
215.0
214.4
210.2
209.7
207.5
204.4
203.2
197.5
196.5
195.7
182.4
169.3
159.4
158.7
157.1
153.0
151.5
151.1
150.9
148.0
143.8
141.6
128.9
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$704,600 $696,600
$692,800
$691,100$689,200
$673,200$672,000 $670,700 $660,600
$658,900
$652,400
$647,000
$641,700 $639,700
$637,200 $634,700 $632,400
$630,500
$627,400
$626,000
$622,700
$616,700$613,500
$610,600
$609,700
$600,600
$597,000$595,300
$591,500
$589,900
$587,600
$584,200 $583,400
$583,100$581,700
$581,400
$578,900
$577,100$573,700
$572,900
$572,200
$571,000
$570,800
$566,000
$565,900
$562,800$557,100
$555,900
$551,400
$550,300
$546,400
$544,400
$541,100
$538,600
$538,500$537,000
$535,200 $528,600 $522,200
$522,100
$520,800
$516,500
$513,300
$510,900 $510,600
$508,100 $506,800 $495,300
$493,600
$492,900
$492,700
$489,400
$488,500
$481,400 $479,900
$476,300
$474,900
$470,400 $463,200$457,600
$444,100
$442,000
$434,100
$430,500
$424,600
$414,900
$408,400
$407,500
$405,800
$399,300
$397,400
$361,200
$358,700
$356,800
$344,800
$341,100
$334,600
$333,900
$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
279.8 271.9271.4 270.9 266.8
252.1 250.3 246.6245.3
244.1
243.8
243.2 239.8237.9 232.8
231.5
228.6
227.5
225.2224.9
222.9
222.6222.0
221.5
221.3
220.6 219.8
219.5
219.2
218.4218.4
218.1
217.8
216.8 216.5
216.5
215.9
215.3
215.2
215.1
214.5
214.2
213.9
213.6
212.5
212.3
211.9
211.1
210.3
209.5209.0
208.9
206.3
203.0
202.2
200.6
198.9
196.9
196.2
195.6
194.1
194.1 193.6
192.0 191.9
191.8 191.2
189.2 188.2
188.0
187.5
187.4
186.6
186.1
183.9
183.7
183.6
182.5
180.9178.7
178.5
165.8
165.8
164.8
163.3
161.8
153.9
149.8
148.3
147.5
147.2
146.4
144.2
140.3
134.1
130.4
130.3
121.3
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
May 2020
Region
District
Residential
Single Familyl
Greater Victoria
Victoria 25 $23,682,400
Oak Bay 13 $18,011,500
Esquimalt 4 $3,380,600
View Royal 3 $2,314,095
Saanich East 34 $30,348,499
Saanich West 17 $16,599,888
Central Saanich 9 $7,836,500
North Saanich 12 $11,157,280
Sidney 9 $6,606,900
Colwood 12 $9,802,500
Langford 42 $31,028,240
Metchosin 3 $2,711,500
Sooke 25 $14,818,320
Waterfront (all districts) 6 $9,152,500
Total Greater Victoria 214 $187,450,722
Other Areas
Shawnigan Lake / Malahat 6 $4,171,900
Gulf Islands 20 $13,359,500
UpIsland / Mainland 8 $5,817,900
Total Other Areas 40 $30,145,800
Total Single Family 254 $217,596,522
Condo Apartmentl
Greater Victoria
Victoria 30 $15,162,800
Victoria West 7 $3,664,500
Oak Bay 4 $2,755,000
View Royal 3 $1,677,790
North Saanich 1 $689,900
Sidney 4 $1,693,900
Colwood 3 $1,011,000
Langford 24 $9,377,595
Sooke 1 $208,900
Other Areas
UpIsland / Mainland 1 $524,900
Total Other Areas 1 $524,900
Total Condo Apartment 108 $48,930,485
1
Victoria Real Estate Board Multiple Listing Service ®

Units Total Volume
May 2020
Region
District
Row/Townhousel
Greater Victoria
Victoria 7 $4,500,000
View Royal 4 $2,364,900
Sidney 3 $1,594,000
Colwood 2 $1,186,000
Langford 11 $5,720,700
Sooke 6 $2,749,600
Other Areas
UpIsland / Mainland 3 $1,104,150
Total Row/Townhouse 61 $34,935,350
Manufactured Homel
Greater Victoria
View Royal 2 $308,000
Sidney 1 $375,000
Langford 1 $85,000
Other Areas
Total Other Areas 3 $694,900
Total Manufactured Home 13 $2,650,400
Total Residential 436 $304,112,757
2

Units Total Volume
May 2020
Region
District
Grand Totals 457 $314,157,722
5 $3,420,065Other Commercial Propertiesl
Other Property
Lots & Acreage (Incl Wtrfrnt)l
Greater Victoria
North Saanich 4 $2,510,000
Langford 1 $299,000
Sooke 3 $927,900
Other Areas
Shawnigan Lake / Malahat 1 $476,000
Total Lots & Acreage (Incl Wtrfrnt) 16 $6,624,900
3

Active Listings, New Listings and Sales May 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
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Total Active MLS® Listings
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
Total New MLS® Listings and Total MLS® Sales
Listings Sales

Sales to Active Listings Ratio May 2020
10%
20%
30%
40%
50%
60%
70%
80%
90%
May2018
Jun2018
Jul2018
Aug2018
Sep2018
Oct2018
Nov2018
Dec2018
Jan2019
Feb2019
Mar2019
Apr2019
May2019
Jun2019
Jul2019
Aug2019
Sep2019
Oct2019
Nov2019
Dec2019
Jan2020
Feb2020
Mar2020
Apr2020
May2020
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
June 1, 2020
May 2020
Current Month
This Year % ChangeLast Year
Year To Date
Single Family - Residential
Units Listed 426
Units Sold 214
Sell/List Ratio 50
Sales Dollars $174,658,334
Average Price / Unit $816,160
Price Ratio 98
Days To Sell 38
Active Listings at Month End 739
%
%
694
387
56
$319,283,289
$825,021
98
34
1058
%
%
-39
-45
-45
-1
14
-30
%
%
%
%
%
%
1779
997
56
$849,635,022
$852,192
98
40
%
%
2536
1288
51
$1,062,573,972
$824,980
98
39
%
%
-30
-23
-20
3
1
%
%
%
%
%
Single Family - Residential Waterfront
Units Listed 38
Units Sold 11
Sell/List Ratio 29
Average Price / Unit $1,433,773
Price Ratio 94
Days To Sell 132
%
%
59
18
31
$19,061,384
$1,058,966
91
91
180
%
%
-36
-39
-17
35
45
-19
%
%
%
%
%
%
171
60
35
$96,639,763
$1,610,663
94
109
%
%
203
60
30
$77,348,961
$1,289,149
94
113
%
%
-16
0
25
25
-3
%
%
%
%
%
Single Family - Residential Acreage
Units Listed 56
Units Sold 19
Sell/List Ratio 34
Price Ratio 99
Days To Sell 61
%
%
76
25
33
$25,321,334
$1,012,853
96
68
169
%
%
-26
-24
-24
1
-10
-28
%
%
%
%
%
%
185
89
48
$94,564,349
$1,062,521
96
80
%
%
239
107
45
$97,774,084
$913,776
97
72
%
%
-23
-17
-3
16
11
%
%
%
%
%
Condo Apartment
Units Listed 337
Units Sold 108
Sell/List Ratio 32
Price Ratio 98
Days To Sell 36
%
%
432
244
56
$114,755,871
$470,311
99
34
658
%
%
-22
-56
-57
-4
4
4
%
%
%
%
%
%
1473
652
44
$313,533,610
$480,880
98
37
%
%
1589
883
56
$411,790,778
$466,354
98
38
%
%
-7
-26
-24
3
-3
%
%
%
%
%

June 1, 2020
May 2020
Current Month
Year To Date
Row/Townhouse
Units Listed 98
Units Sold 61
Sell/List Ratio 62
Price Ratio 98
Days To Sell 56
%
%
177
92
52
$58,305,100
$633,751
99
32
252
%
%
-45
-34
-40
-10
78
-15
%
%
%
%
%
%
507
299
59
$177,468,229
$593,539
99
48
%
%
629
329
52
$202,229,512
$614,679
99
37
%
%
-19
-9
-12
-3
30
%
%
%
%
%
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 7
Units Sold 7
Sell/List Ratio 100
Price Ratio 97
Days To Sell 36
%
%
12
7
58
$3,947,900
$563,986
97
36
19
%
%
-42
0
40
40
0
-21
%
%
%
%
%
%
43
23
53
$15,669,400
$681,278
98
31
%
%
53
34
64
$22,562,340
$663,598
98
47
%
%
-19
-32
-31
3
-35
%
%
%
%
%
Half Duplex (Front and Back)
Units Listed 2
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
5
7
140
$5,002,500
$714,643
99
20
4
%
%
-60
-100
-100
-25
%
%
%
%
%
%
6
4
67
$2,525,400
$631,350
99
42
%
%
15
10
67
$6,991,500
$699,150
99
37
%
%
-60
-60
-64
-10
13
%
%
%
%
%

June 1, 2020
May 2020
Current Month
Year To Date
Recreational
Units Listed 3
Units Sold 1
Sell/List Ratio 33
Sales Dollars $177,500
Price Ratio 91
Days To Sell 247
%
%
6
0
0
$0
23
%
%
-50
-35
%
%
%
%
%
%
11
3
27
$276,000
$92,000
91
250
%
%
21
3
14
$310,000
$103,333
97
13
%
%
-48
0
-11
-11
1821
%
%
%
%
%
Manufactured Home
Units Listed 21
Units Sold 13
Sell/List Ratio 62
Price Ratio 97
Days To Sell 48
%
%
31
19
61
$3,850,100
$202,637
97
29
51
%
%
-32
-32
-31
1
68
-25
%
%
%
%
%
%
81
55
68
$10,681,625
$194,211
96
61
%
%
102
66
65
$12,707,888
$192,544
95
52
%
%
-21
-17
-16
1
18
%
%
%
%
%
Residential Lot
Units Listed 30
Units Sold 6
Sell/List Ratio 20
Price Ratio 98
Days To Sell 60
%
%
32
17
53
$5,435,120
$319,713
89
220
195
%
%
-6
-65
-58
20
-73
-31
%
%
%
%
%
%
127
48
38
$23,289,274
$485,193
100
140
%
%
182
49
27
$15,076,520
$307,684
94
151
%
%
-30
-2
54
58
-7
%
%
%
%
%
Residential Lot - Waterfront
Units Listed 7
Units Sold 2
Sell/List Ratio 29
Price Ratio 91
Days To Sell 248
%
%
6
4
67
$3,548,500
$887,125
96
237
26
%
%
17
-50
-83
-67
5
31
%
%
%
%
%
%
30
5
17
$2,433,125
$486,625
90
311
%
%
24
5
21
$4,348,500
$869,700
95
192
%
%
25
0
-44
-44
62
%
%
%
%
%

June 1, 2020
May 2020
Current Month
Year To Date
Residential Acreage
Units Listed 11
Units Sold 8
Sell/List Ratio 73
Price Ratio 95
Days To Sell 85
%
%
24
3
13
$1,464,000
$488,000
94
46
91
%
%
-54
167
155
-4
86
-20
%
%
%
%
%
%
63
28
44
$17,545,500
$626,625
93
114
%
%
73
21
29
$10,408,000
$495,619
93
172
%
%
-14
33
69
26
-34
%
%
%
%
%
Residential Acreage - Waterfront
Units Listed 6
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
6
2
33
$1,240,000
$620,000
91
529
29
%
%
0
-100
-100
7
%
%
%
%
%
%
20
7
35
$5,959,082
$851,297
88
105
%
%
21
4
19
$2,715,000
$678,750
94
310
%
%
-5
75
119
25
-66
%
%
%
%
%
Revenue - Duplex/Triplex
Units Listed 5
Units Sold 2
Sell/List Ratio 40
Price Ratio 95
Days To Sell 78
%
%
7
1
14
$775,000
$775,000
97
18
12
%
%
-29
100
175
38
331
-42
%
%
%
%
%
%
23
15
65
$14,858,950
$990,597
97
41
%
%
18
5
28
$5,409,900
$1,081,980
98
25
%
%
28
200
175
-8
63
%
%
%
%
%
Revenue - Multi Unit
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
2
2
100
$2,988,000
$1,494,000
100
57
9
%
%
50
-100
-100
-22
%
%
%
%
%
%
12
1
8
$1,750,000
$1,750,000
88
30
%
%
8
3
38
$4,488,000
$1,496,000
96
77
%
%
50
-67
-61
17
-61
%
%
%
%
%

June 1, 2020
May 2020
Current Month
Year To Date
Revenue - Apartment Block
Units Listed 1
Units Sold 2
Sell/List Ratio 200
Price Ratio 89
Days To Sell 136
%
%
1
1
100
$6,700,000
$6,700,000
94
88
2
%
%
0
100
-57
-78
54
100
%
%
%
%
%
%
6
3
50
$8,498,900
$2,832,967
93
128
%
%
7
2
29
$8,430,000
$4,215,000
93
79
%
%
-14
50
1
-33
62
%
%
%
%
%
Revenue - Commercial
Units Listed 6
Units Sold 1
Sell/List Ratio 17
Price Ratio 98
Days To Sell 51
%
%
6
6
100
$2,810,120
$468,353
99
103
30
%
%
0
-83
-76
46
-51
33
%
%
%
%
%
%
30
8
27
$7,015,900
$876,988
96
92
%
%
37
14
38
$8,180,120
$584,294
93
115
%
%
-19
-43
-14
50
-20
%
%
%
%
%
Revenue - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
1
$249,000
$249,000
100
21
0
%
%
-100
-100
%
%
%
%
%
%
1
0
0
$0
%
%
1
1
100
$249,000
$249,000
100
21
%
%
0
-100
-100
%
%
%
%
%
Business with Land & Building
Units Listed 4
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
8
1
13
$13
$13
180
31
%
%
-50
-100
-100
23
%
%
%
%
%
%
36
9
25
$20,352,973
$2,261,441
90
177
%
%
26
9
35
$6,770,059
$752,229
106
139
%
%
38
0
201
201
28
%
%
%
%
%

June 1, 2020
May 2020
Current Month
Year To Date
Business Only
Units Listed 6
Units Sold 0
Sell/List Ratio 0
Sales Dollars -$165,500
Price Ratio 99
Days To Sell 88
%
%
13
2
15
$177,600
$88,800
76
31
71
%
%
-54
-100
-193
184
-20
%
%
%
%
%
%
54
10
19
$930,500
$93,050
87
114
%
%
66
15
23
$1,356,600
$90,440
73
92
%
%
-18
-33
-31
3
24
%
%
%
%
%
Motel/Hotel
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
0
0
$0
1
%
%
-100
300
%
%
%
%
%
%
2
0
0
$0
%
%
1
0
0
$0
%
%
100 %
%
%
%
%
Lease - Office
Units Listed 3
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
6
2
33
$37
$19
81
33
%
%
-50
-100
-100
6
%
%
%
%
%
%
27
2
7
$40
$20
402
%
%
27
9
33
$175
$19
170
%
%
0
-78
-77
3
137
%
%
%
%
%
Lease - Retail
Units Listed 8
Units Sold 1
Sell/List Ratio 13
Price Ratio 103
Days To Sell 165
%
%
5
1
20
$29
$29
1
73
29
%
%
60
0
5625
5625
126
-7
%
%
%
%
%
%
22
5
23
$1,709
$342
110
266
%
%
25
6
24
$116
$19
2
110
%
%
-12
-17
1370
1664
141
%
%
%
%
%

June 1, 2020
May 2020
Current Month
Year To Date
Lease - Warehouse
Units Listed 1
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
0
0
$0
1
%
%
0
0
%
%
%
%
%
%
1
0
0
$0
%
%
1
0
0
$0
%
%
0 %
%
%
%
%
Lease - Industrial
Units Listed 0
Units Sold 0
Sell/List Ratio
Sales Dollars $0
Price Ratio
Days To Sell
%
%
0
0
$0
0
%
%
%
%
%
%
%
%
0
0
$0
%
%
1
1
100
$9
$9
45
%
%
-100
-100
-100
%
%
%
%
%
Lease - Other
Units Listed 7
Units Sold 1
Sell/List Ratio 14
Sales Dollars $15
Average Price / Unit $15
Price Ratio
Days To Sell 34
%
%
2
5
250
$102
$20
187
28
%
%
250
-80
-85
-26
-82
75
%
%
%
%
%
%
41
1
2
$15
$15
34
%
%
22
8
36
$164
$20
158
%
%
86
-88
-91
-27
-78
%
%
%
%
%
Commercial Land
Units Listed 9
Units Sold 0
Sell/List Ratio 0
Sales Dollars $0
Price Ratio
Days To Sell
%
%
1
1
100
$620,000
$620,000
89
64
17
%
%
800
-100
-100
35
%
%
%
%
%
%
20
0
0
$0
%
%
16
2
13
$1,520,000
$760,000
84
250
%
%
25
-100
-100
%
%
%
%
%

June 1, 2020
May 2020
Current Month
Year To Date
Units Listed 1095
Units Sold 457
Sell/List Ratio 42
Price Ratio 98
Days To Sell 47
%
%
Grand Totals
1613
848
53
$575,534,998
$678,697
98
43
3019
%
%
-32
-46
-45
1
8
-16
%
%
%
%
%
%
4774
2326
49
$1,664,320,365
$715,529
98
50
%
%
5943
2934
49
$1,963,241,197
$669,135
98
47
%
%
-20
-21
-15
7
6
%
%
%
%
%

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