the victoria rennie advance | April 2024

highlights • Them edian sold priceincreased 0.7% (averaged acros hom etypes)m onth-over-m onth in G reater Victoria.Them edian sold priceincreased fortownhom esand condos(by0.1% and 3%, respectively),w hilefaling by 0.9% fordetached hom es. • Com pared to lastyear,m edian sold priceswereup by3% on average,acros types.Them edian sold pricewashigher,on ayear-over-yearbasis,fordetached hom esand townhom es(by6% for both hom etypes),and fel by4% forcondos. •

GREATERVICTORIA THERENNIEADVANCE median prices

MARCH 2024

$1,400,000

G reaterV ictoria

$1,200,000

$1,140,000

$1,000,000

$800,000

$600,000

+ 6% vsM ar2023

DETACHED median salesprice

$400,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0 $200,000

● March

$1,000,000

G reaterV ictoria

$800,000

$790,000

$600,000

+ 6% vsM ar2023

$400,000

TOWNHOME median salesprice

$200,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● March

$600,000

G reaterV ictoria

$545,000

$500,000

$400,000

$300,000

- 4% vsM ar2023

$200,000

CONDO median salesprice

$100,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

● March

Copyright© April2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril2,2024.Aldatafrom theVictoriaRealEstate Board& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociates advisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

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