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Weekly Home Sales Update
December 30th - January 5th
Including Victoria Core area ( Victoria, Victoria West, Oak Bay, Esquimalt, View Royal, Saanich East, Saanich West ); Westshore ( Colwood, Langford, Metchosin, Sooke, Highlands ) and the Saanich Peninsula ( North Saanich, Sidney, Central Saanich ).
(Single Family homes, condos, townhomes, duplexes): 1875
Total # of Residential Listings
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December Market Statistics
A total of 402 properties sold in the Victoria Real Estate Board region this December, 7.2 per cent more than the 375 properties sold in December 2018 and a 30.3 per cent decrease from November 2019. Sales of condominiums were up 17.5 per cent from December 2018 with 121 units sold. Sales of single family homes increased 13.8 per cent from December 2018 with 198 sold.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in December 2018 was $860,400. The benchmark value for the same home in December 2019 decreased by 0.6 per cent to $855,000, slightly less than November's value of $855,400. The MLS® HPI benchmark value for a condominium in the Victoria Core area in December 2018 was $503,000, while the benchmark value for the same condominium in December 2019 increased by 3.5 per cent to $520,700, slightly more than the November value of $517,000.