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.
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%.
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.
These segments, while heading to a more balanced market based on months of inventory, are still favoring the sellers slightly.