Another year is over and now it’s time for another of our monthly statistics articles on Victoria BC real-estate!
This month we’re looking at realty statistics comparing December 2023 to December 2022 for the local Victoria BC region separated into the 3 main housing categories, Condos and Apartments, Single Family Homes, and Townhomes and Duplexes.
Victoria Real Estate Stats for Condos and Apartments in December 2023
The realty statistics this month, especially for condos and apartments, started off looking a bit dull and unexciting. The 1% increase in average price is however, likely to make more notice than the 26% increase in the average days to sell, which in reality doesn’t make a large difference to the market as a whole.
The number of units sold did increased by 15%, and the “Sell to List-Ratio” is now at 92%, indicating a balanced market between both sellers and buyers.
Victoria Real Estate Stats for Single Family Homes in December 2023
Often a more exciting sector, local Victoria single-family homes in December 2023 compared to December 2022 saw a 5% increase in average price and 17% increase in the average days to sell properties.
The number of units sold also increased by 6%, bringing the “Sell to List-Ratio” to 110%, and indicating a fairly balanced market in this sector as well.
Victoria Real Estate Stats for Townhomes and Duplexes in December 2023
Looking deeper at the Victoria Real Estate statistics for townhomes and duplexes in December 2023 compared to December 2022. The most significant changes are the 2% decrease in average price and the 27% increase in the average days to sell. A dip in units sold is to be expected after the 32% jump we saw in units sold last month.
These changes suggest that the local Victoria Townhouse and Duplex market has slowed down a bit more than other areas, and that it may take longer to sell a property than it did in the previous year.