A total of 740 properties sold in the Victoria Real Estate Board region this June, 4.5 percent more than the 708 properties sold in June 2018 but a 12.7 per cent decrease from May 2019. Sales of condominiums were down 6.1 per cent from June 2018 with 216 units sold. Sales of single-family homes increased 10.4 percent from June 2018 with 394 sold.
"June has trended lower than May for the past few years and tends to signal the end of the active spring market," says Victoria Real Estate Board President Cheryl Woolley. "The summer months of July and August generally see less activity than the spring, as people's attention shifts to vacation and away from real estate. This year, we have seen slightly more sales compared to June of last year. We have also seen one hundred fewer new listings enter the market this year, which continues to make a challenging market for buyers who are hoping for more options."
There were 3,040 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2019, an increase of less than one per cent compared to the month of May and a 17.1 per cent increase from the 2,595 active listings for sale at the end of June 2018.
The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in June 2018 was $898,500. The benchmark value for the same home in June 2019 decreased by 4.3 per cent to $859,600, slightly less than May's value of $860,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in June 2018 was $509,000, while the benchmark value for the same condominium in June 2019 increased by 2.97 per cent to $524,100, higher than May's value of $519,300.
"It is possible that some buyers are waiting for the federal government's new first-time home buyer incentive to roll out this September," adds President Woolley. "The program is intended to assist first time buyers with their down payment. It's hard to estimate how many local buyers may take advantage of the incentive, but because of the low threshold for maximum purchase price, the program may only help those in our area who seek to buy condos. This could mean a slight uplift in lower priced properties in the fall, if more buyers are enabled to enter the market. If you are interested in exploring options and strategies for either buying or selling, it would be a good time to connect with a local REALTOR®, who has the expertise necessary to navigate today's market conditions, neighbourhoods and property types."
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- Victoria West
- Victoria Downtown Real Estate and Homes For Sale
- Victoria West Songhees Real Estate and Homes For Sale
- Victoria Burnside Real Estate and Homes For Sale
- Victoria Central Park Real Estate and Homes For Sale
- Victoria West Real Estate and Homes For Sale
- All Victoria BC Land For Sale $700K-$800K
- Victoria West All Real Estate and Homes for Sale $700K-$800K
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- Victoria West All Real Estate and Homes for Sale $900K-$1,000K
- Victoria West All Real Estate and Homes for Sale $1,000K+
- Victoria West 2 Bedroom Condo Listings Condo Listings For Sale
- Victoria West 3 Bedroom Condo Listings For Sale
- Victoria West 1 Bedroom Condo Listings For Sale
- Victoria West Homes with Suite For Sale
- Victoria West Detached Homes For Sale
- Victoria West Duplex For Sale
- Victoria West Townhouses For sale
- Victoria West Luxury Real Estate For Sale
- Victoria
- Buy a condo, house, land or townhouse in the following area of Victoria : Northridge
- Victoria Fairfield East Real Estate and Homes For Sale
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- Victoria Fernwood Real Estate and Homes For Sale
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- Victoria Jubilee Real Estate and Homes For Sale
- Victoria James Bay Real Estate and Homes For Sale
- Victoria Mayfair Real Estate and Homes For Sale
- Victoria Oaklands Real Estate and Homes For Sale
- Victoria Rock Bay Real Estate and Homes For Sale
- Victoria Rockland Real Estate and Homes For Sale
- All Victoria BC Real Estate for Sale $100K-$200K
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- Victoria 2 Bedroom Condo Listings Condo Listings For Sale
- Victoria 3 Bedroom Condo Listings For Sale
- Victoria 1 Bedroom Condo Listings For Sale
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- Victoria Townhouses For sale
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- All Victoria BC Condo Listings for Sale $1,000K+
- All Victoria BC Detached Homes For Sale $400K-$500K
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- All Victoria BC Land For Sale ALL
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- Sooke
- Sooke 17 Mile Real Estate and Homes For Sale
- Sooke Bilings Spit Real Estate and Homes For Sale
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- Sooke John Muir Real Estate and Homes For Sale
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- Sooke Otter Point Real Estate and Homes For Sale
- Sooke Phillips North Real Estate and Homes For Sale
- Sooke Port Renfrew Real Estate and Homes For Sale
- Sooke Saseenos Real Estate and Homes For Sale
- Sooke Sheringham Point Real Estate and Homes For Sale
- Sooke Silver Spray Real Estate and Homes For Sale
- Sooke Sooke Vill Core Real Estate and Homes For Sale
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- Sooke West Coast Rd Real Estate and Homes For Sale
- Sooke Whiffin Spit Real Estate and Homes For Sale
- Sooke 2 Bedroom Condo Listings Condo Listings For Sale
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- Sidney All Real Estate and Homes for Sale $300K-$400K
- Sidney
- Sidney NR Real Estate and Homes For Sale
- Sidney NW Real Estate and Homes For Sale
- Sidney SE Real Estate and Homes For Sale
- Sidney SW Real Estate and Homes For Sale
- Sidney 2 Bedroom Condo Listings Condo Listings For Sale
- Sidney 3 Bedroom Condo Listings For Sale
- Sidney 1 Bedroom Condo Listings For Sale
- Sidney Homes with Suite For Sale
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- Sidney All Real Estate and Homes for Sale $1,000K+
- new condo project Cameo 2417 beacon avenue
- Central Saanich
- Central Saanich Brentwood Bay Real Estate and Homes For Sale
- Central Saanich Hawthorne Real Estate and Homes For Sale
- Central Saanich Inlet Real Estate and Homes For Sale
- Central Saanich Island View Real Estate and Homes For Sale
- Central Saanich Keating Real Estate and Homes For Sale
- Central Saanich Martindale Real Estate and Homes For Sale
- Central Saanich Oldfield Real Estate and Homes For Sale
- Central Saanich Saanichton Real Estate and Homes For Sale
- Central Saanich Tanner Real Estate and Homes For Sale
- Central Saanich Turgoose Real Estate and Homes For Sale
- Central Saanich Willis Point Real Estate and Homes For Sale
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- Colwood
- Colwood Colwood Lake Real Estate and Homes For Sale
- Colwood Hatley Park Real Estate and Homes For Sale
- Colwood Lagoon Real Estate and Homes For Sale
- Colwood Latoria Real Estate and Homes For Sale
- Colwood Olympic View Real Estate and Homes For Sale
- Colwood Royal Bay Real Estate and Homes For Sale
- Colwood Royal Roads Real Estate and Homes For Sale
- Colwood Sun Ridge Real Estate and Homes For Sale
- Colwood Triangle Real Estate and Homes For Sale
- Colwood Wishart South Real Estate and Homes For Sale
- Colwood Wishart North Real Estate and Homes For Sale
- Colwood 2 Bedroom Condo Listings Condo Listings For Sale
- Colwood 3 Bedroom Condo Listings For Sale
- Colwood 1 Bedroom Condo Listings For Sale
- Colwood Homes with Suite For Sale
- Colwood Detached Homes For Sale
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- Colwood All Real Estate and Homes for Sale $600K-$700K
- Colwood All Real Estate and Homes for Sale $700K-$800K
- Colwood All Real Estate and Homes for Sale $900K-$1,000K
- Colwood All Real Estate and Homes for Sale $1,000K+
- Colwood Colwood Corners Real Estate and Homes For Sale
- Esquimalt
- Esquimalt Gorge Vale Real Estate and Homes For Sale
- Esquimalt Kinsmen Park Real Estate and Homes For Sale
- Esquimalt Old Esquimalt Real Estate and Homes For Sale
- Esquimalt Rockheights Real Estate and Homes For Sale
- Esquimalt Saxe Point Real Estate and Homes For Sale
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- Esquimalt All Real Estate and Homes for Sale $1,000K+
- Esquimalt 2 Bedroom Condo Listings Condo Listings For Sale
- Esquimalt 3 Bedroom Condo Listings For Sale
- Esquimalt 1 Bedroom Condo Listings For Sale
- Esquimalt Homes with Suite For Sale
- Esquimalt Detached Homes For Sale
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- Highlands
- Highlands Bear Mountain Real Estate and Homes For Sale
- Highlands Eastern Highlands Real Estate and Homes For Sale
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- Highlands 3 Bedroom Condo Listings For Sale
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- Durrance all real estate and homes for sale
- Langford
- Houses with Suites for Sale in Langford BC
- Langford Atkins Real Estate and Homes For Sale
- Langford Bear Mountain Real Estate and Homes For Sale
- Langford Fairway Real Estate and Homes For Sale
- Langford Florence Lake Real Estate and Homes For Sale
- Langford Glen Lake Real Estate and Homes For Sale
- Langford Goldstream Real Estate and Homes For Sale
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- Langford Jackliin Real Estate and Homes For Sale
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- Langford Langford Proper Real Estate and Homes For Sale
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- Langford Luxton Real Estate and Homes For Sale
- Langford Mill Hill Real Estate and Homes For Sale
- Langford Olympic View Real Estate and Homes For Sale
- Langford Thetis Heights Real Estate and Homes For Sale
- Langford Walfred Real Estate and Homes For Sale
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- Metchosin
- Metchosin Albert Head Real Estate and Homes For Sale
- Metchosin Kangaroo Real Estate and Homes For Sale
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- North Saanich
- North Saanich Sandown Real Estate and Homes For Sale
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- North Saanich Deep Cove Real Estate and Homes For Sale
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- Saanich West
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- Saanich West Royal Oak Real Estate and Homes For Sale
- Saanich West Prospect Lake Real Estate and Homes For Sale
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- Saanich West Portage Inlet Real Estate and Homes For Sale
- Saanich West Granville Real Estate and Homes For Sale
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- Uplands
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