{"id":13736,"date":"2019-10-02T19:37:47","date_gmt":"2019-10-03T02:37:47","guid":{"rendered":"https:\/\/www.vancouvernewcondos.com\/?p=13736"},"modified":"2020-03-04T10:39:39","modified_gmt":"2020-03-04T18:39:39","slug":"september-2019-victoria-real-estate-board-statistics-package-with-charts-graphs","status":"publish","type":"post","link":"https:\/\/www.vancouvernewcondos.com\/september-2019-victoria-real-estate-board-statistics-package-with-charts-graphs\/","title":{"rendered":"September 2019 Victoria Real Estate Board Statistics Package with Charts &#038; Graphs"},"content":{"rendered":"<p><iframe loading=\"lazy\" style=\"border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;\" src=\"\/\/www.slideshare.net\/slideshow\/embed_code\/key\/nPFtrNUR1WiUcb\" width=\"768\" height=\"714\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span> <\/iframe><\/p>\n<h1 class=\"header4\"><span style=\"font-size: 28px;\">Victoria Real Estate Market shows increased interest in condos and townhomes<\/span><\/h1>\n<div class=\"text parbase\">\n<p class=\"p2\"><span class=\"s1\"> <\/span>A total of 616 properties sold in the Victoria Real Estate Board region this September, 15.6 per cent more than the 533 properties sold in September 2018 but a 6.8 per cent decrease from August 2019. Sales of condominiums were up 48.3 per cent from September 2018 with 221 units sold. Sales of single family homes decreased 1.1 per cent from September 2018 with 282 sold.<\/p>\n<p class=\"p2\">\u201cSeptember&#8217;s statistics clearly demonstrate that Victoria continues to have a stable real estate sector and is a desirable place to live,&#8221; says Victoria Real Estate Board President Cheryl Woolley. \u201cWhile sales are up compared to the same month last year, our inventory remains low, which may create challenges for people trying to get into the market in certain categories.\u201d<\/p>\n<p class=\"p2\">There were 2,823 active listings for sale on the Victoria Real Estate Board Multiple Listing Service\u00ae at the end of September 2019, a decrease of 0.5 per cent compared to the month of August but a 6.7 per cent increase from the 2,646 active listings for sale at the end of September 2018.<\/p>\n<\/div>\n<div class=\"text parbase\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-13737 size-large\" src=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2019\/10\/Residential-property-sales-in-the-Victoria-1-750x422.png\" alt=\"Residential Property Sales In The Victoria graph\" width=\"750\" height=\"422\" srcset=\"https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2019\/10\/Residential-property-sales-in-the-Victoria-1-750x422.png 750w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2019\/10\/Residential-property-sales-in-the-Victoria-1-360x203.png 360w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2019\/10\/Residential-property-sales-in-the-Victoria-1-768x432.png 768w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2019\/10\/Residential-property-sales-in-the-Victoria-1-480x270.png 480w, https:\/\/www.vancouvernewcondos.com\/wp-content\/uploads\/2019\/10\/Residential-property-sales-in-the-Victoria-1.png 1200w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<\/div>\n<p>The Multiple Listing Service\u00ae Home Price Index benchmark value for a single family home in the Victoria Core in September 2018 was $878,500. The benchmark value for the same home in September 2019 decreased by 3.6 per cent to $846,500, slightly less than August\u2019s value of $847,300. The MLS\u00ae HPI benchmark value for a condominium in the Victoria Core area in September 2018 was $503,600, while the benchmark value for the same condominium in September 2019 increased by 1.6 per cent to $511,600, lower than August&#8217;s value of $518,100.<\/p>\n<p>\u201cWe saw increased activity in the condo and townhouse market with an almost 50 per cent year-over-year sales increase in condos,\u201d adds President Woolley. \u201cIt may be too early to call this a trend towards condo purchases, but this is a number to watch through the fall to see if buyers continue opting for condos and townhomes as more new developments are added to the market in highly desirable locations, with price points often lower than a single family home.\u201d<\/p>\n<p>About the Victoria Real Estate Board \u2013 Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents 1,383 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.<\/p>\n<div class=\"text parbase\">\n<div class=\"section-title\">\n<div>\n<h5 class=\"header4\">*Editor&#8217;s note<\/h5>\n<\/div>\n<\/div>\n<div class=\"text parbase\">\n<p>1. Areas covered by the Victoria Real Estate Board include: Victoria, Vancouver Islands<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff\ufeff\ufeff\ufeff\ufeff Victoria Real Estate Market shows increased interest in condos and townhomes A total of 616 properties sold in the Victoria Real Estate Board region this September, 15.6 per cent more than the 533 properties sold in September 2018 but a 6.8 per cent decrease from August 2019. Sales of condominiums were up 48.3 per&#8230;<\/p>\n","protected":false},"author":33,"featured_media":13740,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[4026],"tags":[2487,2500,2488,2501,2502,2493,4333,4334,4031,4027,4032,4335,4029],"taxonomy_info":{"category":[{"value":4026,"label":"Victoria Real Estate Board (VREB) Monthly Sales Statistics"}],"post_tag":[{"value":2487,"label":"Home buyer"},{"value":2500,"label":"Housing Demand"},{"value":2488,"label":"Housing Market"},{"value":2501,"label":"Housing 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