Victoria Market Report Infographics

Friday, May 15, 2020 6:51:47 PM UTC
INFOGRAPHICS: April 2020 VREB Victoria Market Reports
INFOGRAPHICS: April 2020 VREB Victoria Market Reports

Victoria VREB Spring market far from the usual as real estate continues to react to the COVID-19 pandemic.

A total of 287 properties sold in the Victoria Real Estate Board region this April, 58.8% fewer than the 696 properties sold in April 2019 and 52.8% fewer than the previous month of March 2020. Sales of condominiums were down 64% from April 2019 with 73 units sold. Sales of single family homes were down 55.8% from April 2019 with 163 sold.

There were 2,305 active listings for sale on the VREB Multiple Listing Service® at the end of April 2020, 16.2% fewer properties than the total available at the end of April 2019 but a 2.4% increase from the 2,252 active listings for sale at the end of March 2020.

Read the full report over on the Victoria Board website.

 


 

The following data is a comparison between April 2019 and April 2020 numbers, and is current as of May 2020. Click here to check out last month’s figures! You can also follow this link for all our Victoria Board monthly infographics!

 

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

Download Printable Version – April 2020 VREB, Victoria Market Report

 

 

 

Read Full Article...
INFOGRAPHICS: March 2020 VREB Victoria Market Reports
INFOGRAPHICS: March 2020 VREB Victoria Market Reports

It’s been a challenging past few weeks for everyone, and we sincerely hope that everyone is safe and well. For now, here are the latest monthly figures for areas covered by the Victoria Real Estate Board (VREB)!

As noted on their latest media release, a total of 608 properties sold in the Victoria Real Estate Board region this March, 5% fewer than the 640 properties sold in March 2019 but 8% more than the previous month of February 2020. Sales of condominiums were down 9.2% from March 2019 with 178 units sold. Sales of single family homes decreased 5.3% from March 2019 with 305 sold.

There were 2,252 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of March 2020, 7.5% fewer properties than the total available at the end of March 2019 but a 5.9% increase from the 2,127 active listings for sale at the end of February 2020.

As per Victoria Real Estate Board President Sandi-Jo Ayers,

“Last month, we stated that we saw the spring market kicking off. The start of March continued that trend and we saw higher year over year sales for the first weeks of the month – spring had officially sprung with multiple offers, new listings and sales. And then the world changed. Since the COVID-19 pandemic was declared, we have tracked a predictable downturn of sales in our market. Moving forward it is hard to predict what our spring market will look like, but it will likely be very different than recent years as our entire community slows down to stay healthy.

Right now, it is not business as usual. Our REALTORS® are working to ensure that services for clients who need them are delivered in a healthy, safe and secure way. Our industry is working with government stakeholders to make sure that transactions that were underway before the pandemic was declared are protected and that homeowners are able to complete sales and purchases. This is a time to ensure our clients are safeguarded as well as to ensure that our community stays healthy. Many Realtors are leveraging new technologies including video home tours and virtual showings. Our message is – if you need us, we are here.”

 

 


 

The following data is a comparison between March 2019 and March 2020 numbers, and is current as of April 2020. Click here to check out last month’s figures!

Follow this link for all our Victoria Board monthly infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – March 2020 VREB, Victoria Market Report

 

 

 

Read Full Article...
INFOGRAPHICS: February 2020 VREB Victoria Market Reports
INFOGRAPHICS: February 2020 VREB Victoria Market Reports

We’re quickly heading into spring, and here are the latest monthly figures for areas covered by the Victoria Real Estate Board (VREB)!

According to their most recent press release, February saw the Victoria real estate market shaking off the winter doldrums.

A total of 563 properties sold in the Victoria Real Estate Board region this February, 33.7% more than the 421 properties sold in February 2019 and 37% more than in January 2020. Sales of condominiums were up 35.7% from February 2019 with 175 units sold. Sales of single family homes increased 23.7% from January 2020 with 271 sold.

There were 2,127 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2020, 4 properties fewer than the total available at the end of February 2019 and an 8.6% increase from the 1,958 active listings for sale at the end of January 2020.

According to Victoria Real Estate Board President Sandi-Jo Ayers,

“February brought the bloom of an early spring market. Sales numbers are up substantially from last year, which in part indicates that our spring market may have arrived a bit earlier than a lot of our local blossoms. Additionally, we need to consider that last year’s sales activity was quite weak until April and May. Despite a 30+% increase in total sales over last year, our ten-year average for total sales in February is 537, so we are within less than 5% of our long-term average for the month.

One of the most prominent aspects of our market right now is this continued low inventory. Our ten-year average active listings for the month of February is 3,007. We concluded this month with just over 2,000 active listings, which means a lot less choice for consumers, more pressure on pricing and multiple offers.”

 

 


 

The following data is a comparison between February 2019 and February 2020 numbers, and is current as of March 2020.

Follow this link for all our Victoria Board monthly infographics!

Click on the images for a larger view!

(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – February 2020 VREB, Victoria Market Report

 

 

 

Read Full Article...
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.