The statistics in this report reflect what happened in Feb 2023.
A total of 460 properties sold in the Victoria Real Estate Board region this February, 35.9 per cent fewer than the 718 properties sold in February 2022 but a 65.5 per cent increase from January 2023.
Sales of condominiums were down 39.7 per cent from February 2022 with 161 units sold.
Sales of single family homes decreased 28.8 per cent from February 2022 with 220 sold
There were 1,809 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of
February 2023, an increase of 4 per cent compared to the previous month of January and a 113.1 per cent
increase from the 849 active listings for sale at the end of February 2022.
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in
February 2022 was $1,321,400. The benchmark value in February 2023 decreased by 5.6 per cent to $1,247,200, down from January’s value of $1,251,100.
The MLS® HPI benchmark value for a condominium in the Victoria Core area in February 2022 was $580,900, while the benchmark value in February 2023 decreased by 2.2 per cent to $568,200, down from the January value of $578,300.