Nov 1, 2023, Victoria Real Estate Market Statistics

  • A total of 407 properties were sold in the Victoria Real Estate Board region this October, 15.2 percent fewer than the 480 properties sold in October 2022 and a 17.4 percent decrease from September 2023.
 
  • Sales of condominiums were down 7.2 per cent from October 2022 with 141 units sold. 

  • Sales of single-family homes decreased 16.1 percent from October 2022 with 193 sold. 

  •  There were 2,756 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of October 2023, an increase of 2.1 percent compared to the previous month of September and a 25.7 percent increase from the 2,192 active listings for sale at the end of October 2022. 

  • The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in October 2022 was $1,257,100. The benchmark value for the same home in October 2023 increased by 3.9 percent to $1,305,900, down from September’s value of $1,312,200. 

  • The MLS® HPI benchmark value for a condominium in the Victoria Core area in October 2022 was $575,300, while the benchmark value for the same condominium in October 2023 increased by 1.8 percent to $585,600, which is down from the September value of $589,600