John Boyle and Linda Geddes Boyle
 
home properties marketing about us buyers and sellers resources and links contact contact
 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

 

  August 2017 MLS Statistics


Inner Harbour SunsetWestcoast Beaches

CURRENT STATISTICS

Victoria Real Estate Market Statistics for August 2017

Sept 1, 2017 - A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year. 

"I admit to being a little surprised by the August numbers," notes Victoria Real Estate Board President Ara Balabanian. "I expected inventory numbers to be climbing by now, but instead we've seen even lower numbers of listings on the market. This is likely leading to some buyer fatigue along with pressure on pricing in high demand areas."

There were 1,917 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2017, a decrease of four properties compared to the month of July, and 8.5 per cent fewer than the 2,094 active listings for sale at the end of August 2016. 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2016 was $743,200. The benchmark value for the same home in August 2017 has increased by 10.8 per cent to $823,100. 

"Though much too early to call a trend, we do see that the August HPI benchmark value for single family homes in the Victoria Core area has decreased by 1.3 per cent when compared to July. This is the first time we've noted a decrease in HPI values since August 2015." adds President Balabanian.  "That said, this is not an indicator of a huge change in property values across our region. We've seen a phenomenally busy two years in real estate for our area and we are likely heading towards a period of more balanced activity. Note too, that though the overall HPI value shows a small month over month decrease - specific areas and specific types of product have seen increases. For example, condominiums across the entire region are up by half a percent compared to the previous month and single family homes in North Saanich have increased in benchmark value by almost one per cent. It's for reasons like these that now more than ever it makes sense to seek the assistance of a local REALTOR®  to sell or buy your home."

View our press release and summary here.
View our complete statistical package here.



Archive

•  September 2017 (2)
•  August 2017 (4)
•  July 2017 (1)
•  June 2017 (2)
•  May 2017 (5)
•  April 2017 (4)
•  March 2017 (1)
•  December 2016 (1)
•  November 2016 (6)
•  October 2016 (2)
•  September 2016 (2)
•  August 2016 (6)
•  July 2016 (1)
•  May 2016 (5)
•  April 2016 (3)
•  March 2016 (1)
•  February 2016 (1)
•  January 2016 (1)
•  December 2015 (2)
•  November 2015 (1)
•  October 2015 (1)
•  August 2015 (4)
•  July 2015 (1)
•  June 2015 (3)
•  May 2015 (1)
•  April 2015 (2)
•  March 2015 (1)
•  February 2015 (1)
•  January 2015 (1)
•  December 2014 (3)
•  November 2014 (2)
•  October 2014 (1)
•  September 2014 (3)
•  August 2014 (1)
•  July 2014 (2)
•  June 2014 (1)
•  May 2014 (8)
•  April 2014 (2)
•  March 2014 (2)
•  February 2014 (1)
•  January 2014 (2)
•  December 2013 (2)
•  November 2013 (1)
•  October 2013 (1)
•  September 2013 (1)
•  August 2013 (4)
•  July 2013 (3)
•  June 2013 (1)
•  May 2013 (2)
•  April 2013 (4)
•  March 2013 (4)
•  February 2013 (7)
•  January 2013 (2)
•  December 2012 (7)
•  November 2012 (1)
•  October 2012 (2)
•  September 2012 (5)
•  August 2012 (1)
•  July 2012 (2)
•  June 2012 (3)
•  May 2012 (3)
•  April 2012 (3)
•  March 2012 (2)
•  February 2012 (3)
•  January 2012 (4)
•  December 2011 (2)
•  November 2011 (1)
•  October 2011 (2)
•  September 2011 (2)
•  August 2011 (19)
•  July 2011 (2)
•  May 2011 (1)
•  April 2011 (1)
•  March 2011 (1)
•  February 2011 (2)
•  January 2011 (1)
•  October 2010 (1)

Categories

•  New Listings (47)
•  Recently Sold (71)
•  Multiple Offers (1)
•  January MLS Statistics (2)
•  Luxury Real Estate in Victoria (1)
•  February MLS Statistics (3)
•  June MLS Statistics (4)
•  June Statistics (1)
•  Luxury Condo (1)
•  July 2011 MLS Statistics (1)
•  August MLS Statistics (5)
•  September MLS statistics (4)
•  November MLS Statistics (3)
•  New MLS Statistics (1)
•  December 2011 MLS statistics (1)
•  British Columbia Luxury Sales (1)
•  February 2012 MLS statistics (1)
•  BC 2012/2013 Provincial Budget (1)
•  April Market Update (1)
•  March MLS Statistics (1)
•  April MLS Statistics (2)
•  Is it the right time to buy? (1)
•  May MLS Statistics (2)
•  July MLS statistics (2)
•  Market Update (1)
•  October MLS Statistics (3)
•  Year End MLS Report (1)
•  January 2013 MLS Statistics (1)
•  BC Luxury Home Market (1)
•  March 2013 MLS Statistics (1)
•  April 2013 MLS Statistics (1)
•  New Macdonald Realty Magazine (1)
•  November, 2013 MLS Statistics (1)
•  December 2013 MLS Statistics (1)
•  January 2014 MLS Statistics (1)
•  March 2014 MLS Statistics (1)
•  October 2014 MLS Statistics (1)
•  November 2014 MLS Statistics (1)
•  December 2014 MLS Statistics (1)
•  January 2015, Statistics (1)
•  February 2015 MLS Statistics (1)
•  March MLS Statistics 2015 (1)
•  May 2015, MLS Statistics (1)
•  October 2015, MLS Statistics (1)
•  November 2015 MLS Statistics (1)
•  December 2015, MLS Statistics (1)
•  January 2016 MLS Statistics (1)
•  February 2016 MLS Statistics (1)
•  April 2016 MLS Statistics (1)
•  April 2016, MLS Statistics (1)
•  June 2016, MLS Statistics (1)
•  August 2016 MLS Statistics (1)
•  September 2016 MLS Statistics (1)
•  October 2016, MLS Statistics (1)
•  November 2016, MLS Statistics (1)
•  February 2017, MLS Statistics (1)
•  March, 2017 MLS Statistics (1)
•  June 1, 2016 MLS Statistics (1)
•  July4 - MLS Statistics (1)
•  June 2017 MLS Statistics (1)
•  August 2017 MLS Statistics (1)

RSS Feed   Add to Google