August 2022 Victoria Realty Statistics

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Featured image for Victoria Real Estate Market statistics in 2022

It is time again for our monthly report, this time for August 2022, detailing the local real-estate statistics in Victoria compared to the same month in the previous year, August 2021.

Victoria Real Estate Stats for Condos and Apartments in August 2022

The three sectors of the Residential housing market, Condominiums, Townhouses and Single Family are all headed to a more balanced market situation based on the months of inventory measurement.
Illustration showing Victoria Real Estate Statistics for Condos and Apartments in August 2022
The Condominium and Townhouse markets are still priced above where they were a year ago, based on average selling prices.

Victoria Real Estate Stats for Single Family Homes in August 2022

Single family values based on average selling prices comparing August 2021 to August 2022 have declined approximately 3%.
Illustration showing Victoria Real Estate Statistics for Single Family Homes in August 2022
As stated last month if you compare average prices today from four months ago prices in the Single Family market are down approximately 5%.

Victoria Real Estate Stats for Townhomes and Duplexes in August 2022

These statistics for Townhomes and Duplexes in August 2022 are showing the same trends we saw last month in our July 2022 real estate statistics article.
Illustration showing Victoria Real Estate Statistics for Row and Townhouse in August 2022
These segments, while heading to a more balanced market based on months of inventory, are still favoring the sellers slightly.

Geoff McLean

Geoff is an established real estate professional whose years of experience have earned him numerous awards and accolades. He has been one of the top RE/MAX Realtors in the Victoria (BC) area since 1990, a Victoria Real Estate Board MLS Gold Award winner for more than 36 years, and has won many other awards over the years. What do these awards mean to you? They mean that Geoff works hard and that he produces consistently. He is well connected in the industry and in the community. Connect with Geoff via email geoff@mcleanrealestategroup.ca

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