Video Update
This is the Greater Victoria BC Real Estate Market Update June 2024. The data is from the Victoria Real Estate Board released January 2, 2025.
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/106S
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Written Update
This is the Greater Victoria BC Market Update for December 2024 from the Victoria Real Estate Board.
Total sales were 421 properties, down 23.6% from last month and up 28.0% from a year ago.
Active Listings at month end were 2290, down 19.3% from last month and up 7.4% from a year ago indicating a balanced market.
The Median price of Single Family Detached was $1,075,000 down 5.3% from last month and up 0.9% from a year ago.
The Median price of Condos was $538,250 down 1.0% from last month and up 2.5% from a year ago.
The Median price of Townhomes was $792,450 up 4.3% from last month and up 11.2% 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 at 250-881-4117 for the Full Statistics, more Victoria info, Home Price Indexes or to chat about the market. See you next time!
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