highlights • O n am onth-over-m onth basis,G reaterV ictoriarecorded an increasein m edian sold pricesof3% (averaged acros hom etypes).Them edian sold pricefel fordetached hom es(by1.4%) but rose fortownhom es(by7%)and condos(by3%). • O n ayear-over-yearbasis,m edian sold pricesw ereup by 4% on average,acros types.In January, them edian sold pricewaslowerfordetached hom esby0.5%,whilethem edian sold pricefor condosand townhom eswashigherby3% and 10% respectively. •
GREATERVICTORIA THERENNIEADVANCE median prices
JANUARY2024
$1,400,000
G reaterV ictoria
$1,200,000
$1,000,000
$1,060,000
$800,000
$600,000
- vsJan2023
DETACHED median salesprice
$400,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0 $200,000
● January
$1,000,000
G reaterV ictoria
$800,000
$739,000
$600,000
+ 10% vsJan2023
$400,000
TOWNHOME median salesprice
$200,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● January
$600,000
G reaterV ictoria
$542,000
$500,000
$400,000
$300,000
+ 3% vsJan2023
$200,000
CONDO median salesprice
$100,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● January
Copyright© February1,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary1,2024.Aldatafrom theVictoriaReal EstateBoard& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ation shouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom aren ieand as ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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