highlights • Therewere385 M LS salesin G reaterVictoriain D ecem ber,a30% m onth-over-m onth decrease thatwasslightlym orethan thetypical27% N ovem ber-to-D ecem berdecline.Forthethird consecutivem onth,salesw ereatornearhistoricaly averagelevels.Saleslastm onth w ere2% below theprior10-yearD ecem beraverageof395. • Fortheful year2024,therewere6,707 M LS salesin G reaterVictoria,an 11% increaseover 2023–though stil 15% below thepast-decadeaverageof7,861. • Forthesixth consecutivem onth,saleswereup relativeto thesam em onth lastyear,which cor elateswith thebeginningoftheBank ofCanada’srate-cutingcam paign in June.In D ecem ber,saleswereup 30% year-over-year,led bydetached hom es(+34% )and folowed by townhom es(+32%)and condos(+28%).
GREATERVICTORIA THERENNIEADVANCE sales
DECEMBER 2024
800
+ 34% vsD ec2023
700
600
500
400
200 10 yrDecAvg
300
200
DETACHED sales
184
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100
- 8% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
+ 32% vsD ec2023
200
150
42 10 yrDecAvg
100
TOWNHOME sales
50
49
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 17% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
+ 28% vsD ec2023
100 150 200 250 300 350 400
125 10 yrDecAvg
CONDO sales
133
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50
+ 6% vs10yrD ecAvg
● December ﹍ 10 yrD ecem berAverage
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