June 2024 Greater Victoria BC Real Estate Market Update

 Video Update

This is the Greater Victoria BC Real Estate Market Update June 2024. The data is from the Victoria Real Estate Board released July 2, 2024.

Note that in the video we use Median prices as we feel this better represents the market changes than average pricing.

Video Link: https://randg.video/97S

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Written Update

This is the Greater Victoria BC Market Update for June 2024 from the Victoria Real Estate Board.

Total sales were 661 properties, down 13.4% from last month and down 6.2% from a year ago. 

Active Listings at month end were 3460, up 3.7% from last month and up 47.7% from a year ago indicating a balanced market.

The Median price of Single Family Detached was $1,185,000 up 0.6% from last month and up 0.9% from a year ago.

The Median price of Condos was $549,950 up 0.5% from last month but down 1.9% from a year ago.

The Median price of Townhomes was $770,000 down 2.5% from last month and down 4.3% from a year ago.

This continues to be an excellent time for buyers in this market with less buyer competition and more selection. 

Contact Gary for the Full Statistics, more Victoria info, Home Price Indexes or to chat about the market.