394 properties were sold in the Victoria Real Estate Board region this November, a 2.6 % increase from the 384 properties sold in November 2022 and a 3.2 % decrease from October 2023.
Sales of condominiums were down 11.8 % from November 2022 with 120 units sold.
Sales of single-family homes increased by 6 % from November 2022 with 193 sold.
There were 2,644 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2023, a decrease of 4.1 % compared to the previous month of October and a 25.2 % increase from the 2,111 active listings for sale at the end of November 2022.
The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in November 2022 was $1,248,600. The benchmark value for the same home in November 2023 increased by 3 % to $1,286,400, which is down from October’s value of $1,305,900.
The MLS® HPI benchmark value for a condominium in the Victoria Core area in November 2022 was $568,400, while the benchmark value for the same condominium in November 2023 increased by 1.6 % to $577,400, which is down from the October value of $585,600
Source VREB