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Good weather and calm waters perfect for boating caused our monthly report to take a bit longer, but we have now published our July 2022 monthly real-estate statistics in Victoria compared to July 2021.

Victoria Real Estate Stats for Condos and Apartments in July 2022

Condos and Apartments statistics in Victoria were mostly positive in July 2022 vs. July 2021.
Illustration showing Victoria Real Estate Statistics for Condos and Apartments in July 2022
In fact, all segments of the market, Single Family, Condominium, and Townhouses, are basically in a balanced position based on months of inventory available.

Victoria Real Estate Stats for Single Family Homes in July 2022

Comparing prices to a year ago we are seeing prices in the Single Family market decline slightly based on Average selling prices.
Illustration showing Victoria Real Estate Statistics for Single Family Homes in July 2022
Shorter term comparison tells a slightly different story with prices declining roughly 5% over the past couple of months in the single family market.

Victoria Real Estate Stats for Row and Townhouse in July 2022

While the Townhouse and Condominium prices are up over the past year, as with the Single Family market, the prices have dropped slightly over the past couple months depending on location and age of the building or level of maintenance.
Illustration showing Victoria Real Estate Statistics for Row and Townhouse in July 2022
High demand for Townhomes could make prices slow to change as this portion of the housing market has big profit potential.

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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