2014-04 vreb statistics: statistical news release · region. single family homes on the peninsula...

May 1, 2014 Victoria real estate market is on track and steady for spring Victoria BC – The Victoria Real Estate Board today released its monthly report on real estate activity in the Victoria area for April 2014. 664 properties sold in the month of April 2014, compared to 615 in April 2013 – an increase of nearly 8% year over year. Compared to last month in March, there were 15.5% more sales. New inventory came on to the market; with almost 9% more new listings than last month, which creates more choice for buyers. And though the total inventory level was higher than last month, it was still 4% lower than this time last year - approximately 180 fewer listings. “We’re at an interesting time of the year for local real estate; spring is traditionally a busy season and I think the market is headed in the right direction,” Victoria Real Estate Board President Tim Ayres says. “I think people are watching numbers closely to see where house values are going and where demand is headed. But people waiting for a large change are going to be disappointed, because we see a steady market. Pricing is stable, inventory is at a good level, and we’re in balanced market territory which is good for both buyers and sellers.” Current MLS® Home Price Index benchmark prices were relatively flat across the region. Single Family homes on the Peninsula showed the largest change in benchmark price with a drop of 2% compared to last year, while the Westshore showed the largest increase with 1.2% compared to last year. Greater Victoria condo benchmark pricing was down 0.5% from last year, but the value in the same area for townhouses increased by 2.4%. Victoria Real Estate Board President Tim Ayres is available for comment. More information on the April 2014 report and the MLS® HPI is available from the Victoria Real Estate Board. About VREB - The Victoria Real Estate Board was founded in 1921 and since that time has been a key player in the development of standards and innovative programs aimed at enhancing the professionalism and community standing of REALTORS®. Formation of the Board grew out of the realization in the early part of the last century that there was a need to establish basic standards for those working in the real estate industry.

April 2014 Statistics Package for Media

New MLS® listings and total MLS® sales - entire region

The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on property values. The MLS® HPI uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area.

Through the analysis of ten years of Victoria Real Estate Board MLS® sales data, the MLS® HPI defined benchmark homes for Victoria in each category (single family homes, town-houses, condos) and for each neigh-bourhood. The benchmark starting point was 2005, where each type of property and neighbourhood was assigned an index value of 100.

MLS® HPI benchmark and MLS® HPI index values -Victoria Core, Single Family Home

Victoria Real Estate Board April 2014 statistics

0

200

400

600

800

1000

1200

1400

1600

1800

2000

Apr-

12

May

-12

Jun-

12

Jul-1

2

Aug-

12

Sep-

12

Oct

- 12

Nov-

12

Dec-

12

Jan-

13

Feb-

13

Mar

-13

Apr-

13

May

-13

Jun-

13

Jul-1

3

Aug-

13

Sep-

13

Oct

-13

Nov-

13

Dec-

13

Jan-

14

Feb-

14

Mar

-14

Apr-

14

The red line is the total number of sales per month from the entire VREB district.

The blue bars represent the number of total monthly listings.

Unit sales, average and m

edian prices


Sales by property type

This m

onth Last m

onth This m

onth ‐ last year

2014 ‐ April2014 ‐M

arch2013 ‐ April

UnitsLM

%LY%

Average $LM

%LY %

Median $

LM %

LY %Units

Average $Median $

UnitsAverage $

Median $

Single family Greater Victoria

36127.6%

6.5%$643,467

1.7%‐1.4%

$551,0004.0%

1.6%283

$632,751$529,950

339$652,611

$542,150

Single family other areas

4048.1%

42.9%$404,025

‐25.3%‐21.0%

$375,000‐18.3%

‐22.4%27

$540,896$458,900

28$511,589

$483,500

Single family total all areas

40129.4%

9.3%$619,582

‐0.8%‐3.5%

$545,0002.8%

0.9%310

$624,751$529,900

367$641,852

$540,000

Condos163

3.2%9.4%

$303,8153.6%

3.8%$267,500

‐5.5%0.9%

158$293,141

$283,200149

$292,629$265,000

Townhouses65

‐4.4%4.8%

$406,146‐1.3%

‐4.7%$370,000

‐1.2%‐10.9%

68$411,375

$374,50062

$426,013$415,450

Manufactured hom

es13

8.3%‐7.1%

$125,3464.8%

‐0.2%$110,000

‐8.3%‐15.5%

12$119,658

$119,95014

$125,571$130,250

Total Residential642

17.2%8.4%

548592

Total Sales664

15.5%8.0%

575615

Active Listings4404

8.7%‐3.9%

40504585

Commonly Q

uoted Benchmark Hom

eApril 2014 Benchm

ark Price

March 2014

Benchmark

Price

April 2013 Benchm

ark Price

April 2014 Index Value

March 2014

Index ValueApril 2013 Index Value

LM%

LY%

Single Family Benchm

ark Home: Greater Victoria

$494,300$492,900

$495,400139.9

139.5140.2

0.3%‐0.2%


ark Home: Core

$560,100$558,200

$559,300146.0

145.5145.8

0.3%0.1%


ark Home: W

estshore$417,100

$410,600$412,200

135.6133.5

134.01.6%

1.2%


ark Home: Peninsula

$519,100$514,500

$529,800135.6

134.4138.4

0.9%‐2.0%

Condo Benchmark Hom

e: Greater Victoria$283,500

$281,800$284,900

140.1139.3

140.80.6%

‐0.5%

Townhouse Benchm

ark Home: Greater Victoria

$402,600$401,200

$393,100138.8

138.3135.5

0.3%2.4%

Current Month:

Last Month:

Last Year:

LM%:

LY%: %

change between current m

onth and last month

% change betw

een current month and the sam

e month last year

Previous Periods Comparison of M

LS® HPI Benchmark Prices and M

LS® HPI Index Values

Legend

April 2014

March 2014

April 2013

MLS

® H

PI B

enchmark and M

LS®

HP

I Index Values C

omparison


April 2014 1 Month Ago 3 Months Ago 6 Months Ago 12 Months Ago 36 Months Ago 60 Months Ago January 2005

Victoria REB

Victoria

Victoria West

Oak Bay

Esquimalt

View Royal

Saanich East

Saanich West

Sooke

Langford

Metchosin

Colwood

Highlands

North Saanich

Sidney

Central Saanich

ML Malahat & Area

GI Gulf Islands

$937,700 $903,400$868,400

$811,400

$796,400 $783,000

$771,100

$770,200 $765,500

$760,000$755,100 $754,500$736,900 $706,500

$672,700

$666,000

$652,700

$623,100 $619,300

$616,000

$611,200

$607,800

$607,800

$598,800 $594,000$594,000

$589,700 $586,500$585,600 $585,200

$579,200$576,500 $576,100 $565,400

$564,300

$563,100

$552,000

$548,600

$544,700

$543,000

$540,600 $535,100

$534,500

$534,000$529,500

$528,200

$524,500

$519,300

$518,400

$515,100

$514,300$512,600

$511,900

$506,500$505,500

$504,700

$502,500

$501,200

$500,400

$495,400

$494,900

$494,300 $492,900

$490,200

$489,700

$487,500

$485,800 $483,000

$481,500

$481,200

$480,200

$477,000

$476,400

$471,500

$467,300

$461,500

$454,300

$453,300

$452,800

$450,200$446,100$443,800

$441,200

$440,300

$438,500 $437,000

$434,500

$433,000

$431,100

$431,000

$428,400

$428,200

$426,300

$424,100

$419,200

$418,100

$417,900

$417,200$416,900

$416,700

$416,700

$416,500

$415,100

$414,700

$412,700$408,800

$408,000

$407,100 $404,500

$399,500

$394,300

$392,600

$381,600

$374,300 $374,100 $372,700$370,200

$369,800

$364,400

$364,100

$362,300

$359,700

$358,300

$356,000

$353,300

$351,600

$348,900

$347,500

$345,400

$345,100

$344,800

$344,300

$341,500

$337,700

$333,900

$332,700

$321,400

$314,800

$308,200

$297,300

$293,200

$282,300

$275,900

$272,800

Benchmark by Timeframe and Property Type: Single Family - All

HPI or Benchmark (Applies to all tabs)HPI

Benchmark Property TypeSingle Family - All

AreaVREB District Summary

Source: Victoria Real Estate Board


Victoria REB

Victoria

Victoria West

Oak Bay

Esquimalt

View Royal

Saanich East

Saanich West

Sooke

Langford

Metchosin

Colwood

Highlands

North Saanich

Sidney

Central Saanich

ML Malahat & Area

GI Gulf Islands

157.2

156.5

156.3

155.5

155.0

152.6

152.5

151.8

151.7

150.6

150.1

150.1

149.5

148.3

148.2

148.1

148.0

147.6

147.5

147.4

147.3

147.0

147.0

146.9

146.8

146.2

146.2

146.2

146.1

145.8

145.0

144.8

144.8

144.7144.4

144.2

144.2

144.1

144.0

143.8

143.8

143.6

143.4

143.4

143.4

143.3

143.2

143.2

142.8

142.3

141.2

141.0

140.5

140.3

140.2

140.1

139.9

139.9

139.8

139.7

139.5

139.4

139.1

138.8138.1

137.7

137.7

137.6

137.5

137.0

136.9

136.8

136.7

136.7

136.2

136.0

135.9

135.9

135.7 135.6

135.6 135.2

135.2

135.1

134.7

134.3

134.2

134.1

133.9

133.5

132.8

132.6

132.5

132.4

132.4 132.3

132.1

131.7

130.8

130.5

130.1

130.0

129.9

129.4129.2

129.1

129.1

128.9

128.0

127.6

127.4126.5126.2

125.7 124.7124.7

124.2119.0

118.4

117.8117.6

116.4

115.2

114.5 113.8

113.5 100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

HPI by Timeframe and Property Type: Single Family - All


Benchmark Property TypeSingle Family - All




Victoria REB

Victoria

Victoria West

Oak Bay

Esquimalt

View Royal

Saanich East

Saanich West

Langford

Colwood

Sidney

$484,800 $473,300$457,000$450,200 $447,500$446,900 $431,300

$350,600

$346,300

$338,800

$337,200

$330,100$325,900$325,900 $325,500$325,500

$324,300

$323,500

$321,500

$320,100

$317,100

$313,800$311,400 $307,600

$307,300

$302,800$296,300 $289,200

$288,900

$285,300

$284,900

$283,600

$283,500 $283,100$281,800 $276,800

$276,700

$276,700

$270,200$269,400 $269,000

$269,000

$268,300 $265,200

$262,900$261,700

$257,600

$257,100 $256,300$256,300 $255,900

$254,600

$252,900

$248,100

$245,800$245,100

$245,000

$244,100

$243,700 $242,800

$242,300

$240,700 $239,700

$239,500 $237,800$237,500

$237,300 $237,000

$234,400$234,000

$233,000

$231,700

$231,300

$230,100 $226,200

$217,900$217,900 $212,900$211,600$211,400 $205,900

$202,300

$189,900

$186,800

$165,400

$165,400

$155,700

$144,800

Benchmark by Timeframe and Property Type: Condo Apartment


Benchmark Property TypeCondo Apartment




Victoria REB

Victoria

Victoria West

Oak Bay

Esquimalt

View Royal

Saanich East

Saanich West

Langford

Colwood

Sidney

169.2

167.3

163.5156.8 155.6

152.9

152.4 152.2

151.9

150.5

150.5

150.5

150.3

148.6148.2

147.8

147.3

147.0

146.8

146.1146.0

145.5

145.3

144.9

144.8

144.0

143.8143.6

143.1

142.8

142.3

142.2

141.9

141.7

141.7

141.7141.5

141.3

140.8

140.7

140.2

140.1

140.1

140.1

139.9

139.9

139.9

139.7

139.7139.7

139.7

139.6

139.3

138.0

137.6 137.2137.2

137.1

137.0

136.8

135.9

135.7

134.9132.9 132.1131.9

130.9

130.4 129.0

128.1

127.3

126.5125.5

125.0

124.0

122.6119.6 100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

HPI by Timeframe and Property Type: Condo Apartment


Benchmark Property TypeCondo Apartment




Victoria REB

Victoria

Victoria West

Oak Bay

Esquimalt

View Royal

Saanich East

Saanich West

Sooke

Langford

Colwood

Sidney

Central Saanich

ML Malahat & Area

GI Gulf Islands

$591,900$535,500 $531,100$527,000 $523,000

$521,300

$516,100 $505,300

$495,300

$491,400 $491,000$490,700 $488,500$488,100 $479,500

$456,700

$439,100

$433,300

$428,200

$425,700

$421,300$421,000 $418,800$418,200 $413,600

$412,700

$412,600

$411,800$411,300 $409,000

$408,900$407,500$407,500

$405,700

$402,900

$402,700

$402,600

$402,500$402,500

$401,200

$400,900

$400,100

$399,700

$398,800

$398,000

$397,100 $396,800

$395,900

$395,600

$394,800 $393,100

$385,800

$382,300

$380,500

$380,000

$379,900

$378,200

$375,500

$375,100

$373,500

$370,600

$368,800

$367,900

$366,300

$366,200

$365,100 $363,400$363,400$361,500

$361,100

$360,200

$359,800$357,800

$354,300

$353,300

$353,100$353,100$349,100

$347,600

$346,700

$345,500 $343,200$342,200

$341,700

$339,900

$339,500$336,700

$336,200$334,700

$329,600

$329,100

$328,100

$327,900

$327,800

$322,900

$321,700 $317,400$311,600

$309,200$306,400

$301,700 $301,400

$298,800 $294,300

$294,000

$292,200

$290,900 $290,300

$290,100

$286,800

$286,400

$286,000

$283,500

$281,400

$277,800

$254,900

$253,100

$252,200

$221,300

$189,400

Benchmark by Timeframe and Property Type: Townhouse


Benchmark Property TypeTownhouse




Victoria REB

Victoria

Victoria West

Oak Bay

Esquimalt

View Royal

Saanich East

Saanich West

Sooke

Langford

Colwood

Sidney

Central Saanich

ML Malahat & Area

GI Gulf Islands 169.5

163.6

163.3161.8

159.5159.5

157.8

157.7

156.5

156.3

155.8 155.7

155.4 153.6

153.3

153.3

151.9

151.5

151.2

150.0

148.7

148.6

148.4

148.1

147.6

147.3147.2

146.9

146.4146.2

145.9

144.8

144.7

144.7

144.6

144.1143.8143.6

143.1

142.8

142.5

141.7

140.6

139.6

139.1

138.8

138.6138.6

138.3

138.3 137.8

137.2

137.2

137.0

136.9136.9

136.4 136.3136.2

136.1

136.1

136.1135.7

135.6

135.5

135.5

134.7

134.3

134.0

133.4

133.1

132.9

132.5

131.8

131.4 130.8

130.8

130.8

130.8

130.7

130.2

130.1

130.0

129.8

129.2

128.5

128.1

127.5

127.1

126.9126.2

125.9

125.4

125.4

125.3

123.1

122.6

120.9

120.5

119.2 119.1

118.4117.4 114.4 114.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

HPI by Timeframe and Property Type: Townhouse


Benchmark Property TypeTownhouse



Area

Property Type

Single Family -

All

Single Family -

1 Storey

Single Family -

2 Storey

Townhouse

Condo

Apartment

Composite

Victoria REB

Core

Westshore

Peninsula

Gulf Islands

Malahat & Area

Area/Property Type Selection Tool To Select Multiple Options: Hold CTRL and click the selections below

Core, Single Family - All

Peninsula, Single Family - All

Victoria REB, Single Family - All

Westshore, Single Family - All

Select Date Range:All values


Benchmark

Benchmark Performance over Time

AreaVREB Area Summary


Select the red marker(s) from the Area/Property Type Selection Tool Matrix on the right to graph your selection.

Jan 2006

Jan 2008

Jan 2010

Jan 2012

Jan 2014

Benchmark ($)

300,000

400,000

500,000

600,000

Area

Property Type

Single Family -

All

Single Family -

1 Storey

Single Family -

2 Storey

Townhouse

Condo

Apartment

Composite

Victoria REB

Core

Westshore

Peninsula

Gulf Islands

Malahat & Area


Core, Condo Apartment

Peninsula, Condo Apartment

Victoria REB, Condo Apartment

Westshore, Condo Apartment



Benchmark





Jan 2006

Jan 2008

Jan 2010

Jan 2012

Jan 2014

Benchmark ($)

200,000

250,000

300,000

350,000

Area

Property Type

Single Family -

All

Single Family -

1 Storey

Single Family -

2 Storey

Townhouse

Condo

Apartment

Composite

Victoria REB

Core

Westshore

Peninsula

Gulf Islands

Malahat & Area


Core, Townhouse

Peninsula, Townhouse

Victoria REB, Townhouse

Westshore, Townhouse



Benchmark





Jan 2006

Jan 2008

Jan 2010

Jan 2012

Jan 2014

Benchmark ($)

300,000

350,000

400,000

450,000

Area

Property Type

Single Family -

All

Single Family -

1 Storey

Single Family -

2 Storey

Townhouse

Condo

Apartment

Composite

Victoria REB

Core

Westshore

Peninsula

Gulf Islands

Malahat & Area


Victoria REB, Condo Apartment

Victoria REB, Single Family - All

Victoria REB, Townhouse



Benchmark





Jan 2006

Jan 2008

Jan 2010

Jan 2012

Jan 2014

Benchmark ($)

200,000

300,000

400,000

500,000

Monthly Sales SummaryThursday, May 1, 2014

Units Total Volume

April 2014

Region

District

ResidentialSingle Familyl

Greater Victoria

Victoria 46 $31,163,300

Victoria West 2 $951,000

Oak Bay 28 $27,013,400

Esquimalt 14 $7,653,700

View Royal 7 $3,476,130

Saanich East 89 $59,350,238

Saanich West 25 $14,363,800

Central Saanich 19 $10,839,000

North Saanich 11 $6,691,145

Sidney 8 $3,503,600

Highlands 3 $2,035,000

Colwood 17 $9,620,500

Langford 49 $24,558,564

Metchosin 1 $375,000

Sooke 23 $8,177,300

Waterfront (all districts) 19 $22,519,751

Total Greater Victoria 361 $232,291,428

Other Areas

Shawnigan Lake / Malahat 4 $1,223,000

Gulf Islands 23 $9,373,400

UpIsland / Mainland 7 $2,536,100


Total Other Areas 40 $16,161,000

Total Single Family 401 $248,452,428

Condominiuml

Greater Victoria

Victoria 61 $19,247,500

Victoria West 7 $2,817,300

Oak Bay 7 $1,895,200

Esquimalt 5 $967,000

View Royal 2 $512,900



Central Saanich 1 $312,000

Sidney 17 $4,534,000

Colwood 6 $1,871,800

Langford 16 $3,997,300



Total Condominium 163 $49,521,798

1Victoria Real Estate Board Multiple Listing Service ®


Units Total Volume

April 2014

Region

District

Townhousel

Greater Victoria

Victoria 8 $3,631,900

Victoria West 1 $515,000


View Royal 6 $2,749,500



Central Saanich 5 $1,736,500

North Saanich 1 $487,900

Sidney 7 $2,357,500

Langford 8 $2,582,400

Sooke 2 $648,900



Other Areas

Gulf Islands 1 $348,000

Total Other Areas 1 $348,000

Total Townhouse 65 $26,399,500

Manufactured Homesl

Greater Victoria

View Royal 1 $114,000

Central Saanich 5 $816,500

Langford 3 $212,000

Sooke 2 $65,000

Waterfront (all districts) 1 $350,000


Other Areas

UpIsland / Mainland 1 $72,000


Total Manufactured Homes 13 $1,629,500

Total Residential 642 $326,003,226



Units Total Volume

April 2014

Region

District

Grand Totals 664 $335,342,298

9 $2,385,572Other Commercial Propertiesl

Other Property

Lots & Acreage (Incl Wtrfrnt)l

Greater Victoria

Victoria 1 $350,000


Saanich West 1 $375,000

North Saanich 3 $4,310,000

Highlands 1 $325,000

Colwood 1 $247,500

Langford 2 $425,000

Sooke 2 $303,000


Other Areas

Gulf Islands 1 $315,000


Total Lots & Acreage (Incl Wtrfrnt) 13 $6,953,500


Active Listings, New Listings and Sales April 2014Thursday, May 01, 2014

2,900

3,100

3,300

3,500

3,700

3,900

4,100

4,300

4,500

4,700

4,900

5,100

5,300

Apr

201

2

May

201

2

Jun

2012

Jul 2

012

Aug

201

2

Sep

201

2

Oct

201

2

Nov

201

2

Dec

201

2

Jan

2013

Feb

2013

Mar

201

3

Apr

201

3

May

201

3

Jun

2013

Jul 2

013

Aug

201

3

Sep

201

3

Oct

201

3

Nov

201

3

Dec

201

3

Jan

2014

Feb

2014

Mar

201

4

Apr

201

4

Total Active MLS® Listings

Total Ne MLS® Listings and Total MLS® Sales

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Apr

201

2

May

201

2

Jun

2012

Jul 2

012

Aug

201

2

Sep

201

2

Oct

201

2

Nov

201

2

Dec

201

2

Jan

2013

Feb

2013

Mar

201

3

Apr

201

3

May

201

3

Jun

2013

Jul 2

013

Aug

201

3

Sep

201

3

Oct

201

3

Nov

201

3

Dec

201

3

Jan

2014

Feb

2014

Mar

201

4

Apr

201

4

Total New MLS® Listings and Total MLS® Sales

Listings Sales

Victoria Real Estate Board Multiple Listing Service ®

Sales to Active Listings Ratio April 2014Thursday, May 01, 2014

4%6%8%

10%12%14%16%18%20%22%24%

Apr

201

2

May

201

2

Jun

2012

Jul 2

012

Aug

201

2

Sep

201

2

Oct

201

2

Nov

201

2

Dec

201

2

Jan

2013

Feb

2013

Mar

201

3

Apr

201

3

May

201

3

Jun

2013

Jul 2

013

Aug

201

3

Sep

201

3

Oct

201

3

Nov

201

3

Dec

201

3

Jan

2014

Feb

2014

Mar

201

4

Apr

201

4

Balanced Market

The Sales to Active Listings Ratio

This chart tracks the ratio of total residential sales over total active residential listings at month-end for

Victoria Real Estate Board Multiple Listing Service ®

This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months.

The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.

A rule of thumb for interpreting the Sales to Active Listings Ratio is that when the ratio is:

- below 10%, there is downward pressure on prices (buyers' market)- above 25%, there is upward pressure on prices (sellers' market)- in the 15-20% range, there is little pressure on prices either way (balanced market)

Monthly Comparative Activity By Property Type Thursday, May 01, 2014

April 2014

Current Month

This Year % ChangeLast Year

Year To Date


Single Family - Residential

Units Listed 672

Units Sold 336

Sell/List Ratio 50

Sales Dollars $199,121,432

Average Price / Unit $592,623

Price Ratio 98

Days To Sell 53

Active Listings at Month End 1380

%

%

597

319

53

$191,199,525

$599,372

97

58

1482

%

%

13

5

4

-1

-9

-7

%

%

%

%

%

%

2067

945

46

$541,829,749

$573,365

98

59

%

%

2009

855

43

$482,987,880

$564,898

97

64

%

%

3

11

12

1

-9

%

%

%

%

%

Single Family - Residential Waterfront

Units Listed 79

Units Sold 22

Sell/List Ratio 28


Average Price / Unit $1,114,580

Price Ratio 98

Days To Sell 114


%

%

64

15

23

$23,503,500

$1,566,900

90

138

262

%

%

23

47

4

-29

-17

9

%

%

%

%

%

%

228

56

25

$63,882,039

$1,140,751

94

128

%

%

198

49

25

$58,102,000

$1,185,755

92

149

%

%

15

14

10

-4

-14

%

%

%

%

%

Single Family - Residential Acreage

Units Listed 95

Units Sold 33

Sell/List Ratio 35



Price Ratio 95

Days To Sell 99


%

%

97

24

25

$16,390,000

$682,917

95

90

346

%

%

-2

38

27

-8

10

-8

%

%

%

%

%

%

264

90

34

$65,259,020

$725,100

96

113

%

%

287

84

29

$51,591,100

$614,180

95

110

%

%

-8

7

26

18

3

%

%

%

%

%

Condominium

Units Listed 335

Units Sold 163

Sell/List Ratio 49



Price Ratio 97

Days To Sell 60


%

%

318

149

47

$43,601,700

$292,629

96

91

970

%

%

5

9

14

4

-34

-8

%

%

%

%

%

%

1195

520

44

$166,017,154

$319,264

97

73

%

%

1122

463

41

$133,465,235

$288,262

96

85

%

%

7

12

24

11

-14

%

%

%

%

%



April 2014

Current Month


Year To Date


Townhouse

Units Listed 128

Units Sold 65

Sell/List Ratio 51



Price Ratio 98

Days To Sell 54


%

%

134

62

46

$26,412,780

$426,013

97

75

405

%

%

-4

5

0

-5

-27

-9

%

%

%

%

%

%

467

205

44

$84,723,800

$413,287

97

65

%

%

467

194

42

$80,185,040

$413,325

97

83

%

%

0

6

6

0

-21

%

%

%

%

%

Strata Duplex (Up and Down)

Units Listed 2

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell


%

%

0

0

$0

6

%

%

-50

%

%

%

%

%

%

4

2

50

$521,000

$260,500

95

89

%

%

7

1

14

$367,500

$367,500

99

15

%

%

-43

100

42

-29

493

%

%

%

%

%

Strata Duplex (Side by Side)

Units Listed 13

Units Sold 3

Sell/List Ratio 23



Price Ratio 97

Days To Sell 27


%

%

19

5

26

$1,878,000

$375,600

97

69

32

%

%

-32

-40

-25

25

-61

-3

%

%

%

%

%

%

45

23

51

$9,816,150

$426,789

97

59

%

%

44

14

32

$5,436,500

$388,321

97

53

%

%

2

64

81

10

11

%

%

%

%

%

Strata Duplex (Front and Back)

Units Listed 2

Units Sold 2

Sell/List Ratio 100

Sales Dollars $673,000


Price Ratio 98

Days To Sell 117


%

%

5

1

20

$517,500

$517,500

100

10

11

%

%

-60

100

30

-35

1065

-36

%

%

%

%

%

%

12

7

58

$2,527,500

$361,071

97

68

%

%

11

2

18

$809,500

$404,750

98

68

%

%

9

250

212

-11

0

%

%

%

%

%



April 2014

Current Month


Year To Date


Recreational

Units Listed 3

Units Sold 3

Sell/List Ratio 100



Price Ratio 94

Days To Sell 328


%

%

3

0

0

$0

30

%

%

0

-43

%

%

%

%

%

%

12

3

25

$520,000

$173,333

94

328

%

%

7

0

0

$0

%

%

71 %

%

%

%

%

Manufactured Home

Units Listed 37

Units Sold 13

Sell/List Ratio 35



Price Ratio 94

Days To Sell 84


%

%

37

14

38

$1,758,000

$125,571

91

155

133

%

%

0

-7

-7

0

-46

-10

%

%

%

%

%

%

106

51

48

$6,164,050

$120,864

94

114

%

%

118

49

42

$4,997,000

$101,980

91

124

%

%

-10

4

23

19

-7

%

%

%

%

%

Residential Lots

Units Listed 42

Units Sold 7

Sell/List Ratio 17



Price Ratio 93

Days To Sell 165


%

%

32

7

22

$2,034,142

$290,592

130

264

228

%

%

31

0

-13

-13

-37

0

%

%

%

%

%

%

147

27

18

$6,451,550

$238,946

97

169

%

%

138

18

13

$5,900,162

$327,787

113

151

%

%

7

50

9

-27

12

%

%

%

%

%

Residential Lots - Waterfront

Units Listed 6

Units Sold 1

Sell/List Ratio 17



Price Ratio 90

Days To Sell 29


%

%

12

2

17

$539,500

$269,750

97

164

51

%

%

-50

-50

-42

17

-82

-20

%

%

%

%

%

%

22

2

9

$434,900

$217,450

93

50

%

%

24

2

8

$539,500

$269,750

97

164

%

%

-8

0

-19

-19

-70

%

%

%

%

%



April 2014

Current Month


Year To Date


Residential Acreage

Units Listed 27

Units Sold 2

Sell/List Ratio 7



Price Ratio 95

Days To Sell 187


%

%

33

2

6

$550,000

$275,000

61

26

181

%

%

-18

0

0

0

633

15

%

%

%

%

%

%

102

11

11

$2,644,400

$240,400

90

175

%

%

76

5

7

$1,190,100

$238,020

73

71

%

%

34

120

122

1

147

%

%

%

%

%

Residential Acreage - Waterfront

Units Listed 6

Units Sold 3

Sell/List Ratio 50


Average Price / Unit $1,441,667

Price Ratio 93

Days To Sell 154


%

%

7

0

0

$0

69

%

%

-14

3

%

%

%

%

%

%

33

5

15

$5,053,000

$1,010,600

92

140

%

%

22

0

0

$0

%

%

50 %

%

%

%

%

Revenue - Duplex/Triplex

Units Listed 8

Units Sold 2

Sell/List Ratio 25



Price Ratio 98

Days To Sell 54


%

%

3

3

100

$2,071,000

$690,333

94

48

15

%

%

167

-33

-32

2

13

27

%

%

%

%

%

%

23

5

22

$3,269,000

$653,800

97

36

%

%

15

7

47

$4,279,500

$611,357

95

79

%

%

53

-29

-24

7

-54

%

%

%

%

%

Revenue - Multi Units

Units Listed 2

Units Sold 1

Sell/List Ratio 50



Price Ratio 96

Days To Sell 38


%

%

3

0

0

$0

10

%

%

-33

70

%

%

%

%

%

%

11

4

36

$3,689,000

$922,250

96

178

%

%

10

2

20

$1,306,100

$653,050

85

69

%

%

10

100

182

41

160

%

%

%

%

%



April 2014

Current Month


Year To Date


Revenue - Apartment Block

Units Listed 2

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

2

0

0

$0

5

%

%

0

20

%

%

%

%

%

%

6

1

17

$4,300,000

$4,300,000

144

82

%

%

5

1

20

$1,600,000

$1,600,000

82

259

%

%

20

0

169

169

-68

%

%

%

%

%

Revenue - Commercial

Units Listed 11

Units Sold 2

Sell/List Ratio 18



Price Ratio 94

Days To Sell 79


%

%

7

3

43

$2,250,000

$750,000

86

145

48

%

%

57

-33

-57

-35

-46

23

%

%

%

%

%

%

38

8

21

$6,308,500

$788,563

74

121

%

%

26

9

35

$4,579,000

$508,778

90

172

%

%

46

-11

38

55

-30

%

%

%

%

%

Revenue - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

1

%

%

100

%

%

%

%

%

%

1

0

0

$0

%

%

1

1

100

$870,000

$870,000

79

153

%

%

0

-100

-100

%

%

%

%

%

Business with Land & Building

Units Listed 20

Units Sold 2

Sell/List Ratio 10



Price Ratio 95

Days To Sell 128


%

%

10

0

0

$0

60

%

%

100

10

%

%

%

%

%

%

45

10

22

$4,654,958

$465,496

87

123

%

%

31

4

13

$5,424,900

$1,356,225

95

352

%

%

45

150

-14

-66

-65

%

%

%

%

%



April 2014

Current Month


Year To Date


Business Only

Units Listed 11

Units Sold 1

Sell/List Ratio 9



Price Ratio 36

Days To Sell 275


%

%

10

1

10

$256,000

$256,000

90

68

75

%

%

10

0

-88

-88

304

-1

%

%

%

%

%

%

41

11

27

$1,462,900

$132,991

90

241

%

%

50

6

12

$876,500

$146,083

84

131

%

%

-18

83

67

-9

83

%

%

%

%

%

Motel/Hotel

Units Listed 1

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

1

0

0

$0

10

%

%

0

20

%

%

%

%

%

%

5

-1

-20

-$3,800,000

$3,800,000

83

%

%

5

0

0

$0

%

%

0 %

%

%

%

%

Lease - Office

Units Listed 6

Units Sold 1

Sell/List Ratio 17

Sales Dollars $15

Average Price / Unit $15

Price Ratio

Days To Sell 287


%

%

5

1

20

$10

$10

329

36

%

%

20

0

45

45

-13

-19

%

%

%

%

%

%

10

1

10

$15

$15

287

%

%

19

1

5

$10

$10

329

%

%

-47

0

45

45

-13

%

%

%

%

%

Lease - Retail

Units Listed 6

Units Sold 1

Sell/List Ratio 17

Sales Dollars $22


Price Ratio

Days To Sell 67


%

%

2

5

250

$99

$20

224

35

%

%

200

-80

-77

13

-70

11

%

%

%

%

%

%

24

4

17

$79

$20

74

%

%

12

7

58

$128

$18

202

%

%

100

-43

-39

8

-63

%

%

%

%

%



April 2014

Current Month


Year To Date


Lease - Warehouse

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

1

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Lease - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

1

0

0

$0

%

%

0

0

$0

%

%

%

%

%

%

%

Lease - Other

Units Listed 6

Units Sold 1

Sell/List Ratio 17

Sales Dollars $16


Price Ratio

Days To Sell 98


%

%

5

1

20

$11

$11

146

42

%

%

20

0

40

40

-33

17

%

%

%

%

%

%

33

3

9

$44

$15

164

%

%

34

9

26

$164

$18

177

%

%

-3

-67

-73

-19

-7

%

%

%

%

%

Commercial Land

Units Listed 1

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

2

1

50

$385,000

$385,000

97

45

42

%

%

-50

-100

-100

36

%

%

%

%

%

%

18

0

0

$0

%

%

20

3

15

$1,855,000

$618,333

94

100

%

%

-10

-100

-100

%

%

%

%

%



April 2014

Current Month


Year To Date


Units Listed 1521

Units Sold 664

Sell/List Ratio 44



Price Ratio 97

Days To Sell 65


%

%

Grand Totals

1408

615

44

$313,346,768

$509,507

96

78

4585

%

%

8

8

7

-1

-17

-4

%

%

%

%

%

%

4961

1993

40

$975,728,807

$489,578

97

74

%

%

4758

1786

38

$846,362,819

$473,887

96

82

%

%

4

12

15

3

-10

%

%

%

%

%


Thursday, May 01, 2014

April 2014Previous Periods Comparison of Unit Sales, Average Prices and Median Prices

Sales by Property Type

Single Family Greater Victoria

Single Family Other Areas

Single Family Total All Areas

Condos

Townhouses

Manufactured Homes

Total Residential

Total Sales

Active Listings

Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$

2014 - April

361

163

65

13

642

401

664

40

4,404

283

158

68

12

548

310

575

27

4,050

339

149

62

14

592

367

615

28

4,585

$643,467

$303,815

$406,146

$125,346

$619,582

$404,025

$551,000

$267,500

$370,000

$110,000

$545,000

$375,000

$632,751

$293,141

$411,375

$119,658

$624,751

$540,896

$529,950

$283,200

$374,500

$119,950

$529,900

$458,900

$652,611

$292,629

$426,013

$125,571

$641,852

$511,589

$542,150

$265,000

$415,450

$130,250

$540,000

$483,500

27.6%

3.2%

-4.4%

8.3%

17.2%

29.4%

15.5%

48.1%

8.7%

6.5%

9.4%

4.8%

-7.1%

8.4%

9.3%

8.0%

42.9%

-3.9%

1.7%

3.6%

-1.3%

4.8%

-0.8%

-25.3%

-1.4%

3.8%

-4.7%

-0.2%

-3.5%

-21.0%

4.0%

-5.5%

-1.2%

-8.3%

2.8%

-18.3%

1.6%

0.9%

-10.9%

-15.5%

0.9%

-22.4%

2014 - March 2013 - April

Legend

Units: net number of listings soldLM%: percentage change since Last MonthLY%: percentage change since This Month Last YearAverage$: average selling priceMedian$: median selling priceActive Listings: total listings on the market at midnight on the last day of the month

This Month Last Month This Month Last Year


2014-04 vreb statistics: statistical news release · region. single family homes on the peninsula...

Documents