the victoria rennie advance | January 2025

highlights • Them edian sold pricein G reaterV ictoriaincreased by 0.3% (averaged acros hom etypes) between N ovem berand D ecem ber.Them edian sold pricefordetached hom esdecreased 4% (to $1.1m ilion),whiletownhom epriceswereup 3% (to$785k),and condopricesincreased 1.9% (to $550k). • Com pared to lastyear,m edian sold priceswereup by6% (averaged acros hom etypes)with townhom esseeing thebiggestincreaseat13% .D etached hom epriceswereup 2% year-over-year, whilem edian condopriceswereup 5%. •

GREATERVICTORIA THERENNIEADVANCE median prices

DECEMBER 2024

$1,400,000

G reaterV ictoria

$1,200,000

$1,100,000

$1,000,000

$800,000

$600,000

+ 2.3% vsD ec2023

DETACHED median salesprice

$400,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0 $200,000

● December

$1,000,000

G reaterV ictoria

$800,000

$785,000

$600,000

+ 13% vsD ec2023

$400,000

TOWNHOME median salesprice

$200,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● December

$600,000

G reaterV ictoria

$550,000

$500,000

$400,000

$300,000

+ 5% vsD ec2023

$200,000

CONDO median salesprice

$100,000

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● December

Copyright© 2025renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJanuary6,2025.Aldatafrom theVictoriaRealEstateBoard& Rennie. W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsastherecipientm ay de m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochange andanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 6 ●

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