highlights • Therewere741M LS salesin GreaterVictoriain M ay.Thiscountwasup 15% versusApril,which ism orethan doublethetypicalApril-to-M ayincreaseof7%.Salesofdetached hom eswereup the m ostat19% (to381sales),condosaleswere19% higher(to237),and townhom esaleswereup 7% (to 91). • Relativeto theprior10-yearM ayaverage,saleswerestil down 13% (from an averageof851). D etached hom eswerethefurthestbelow averageat17%,whiletownhom eand condosaleswere below averagebyam orem odest5% and 3%,respectively.Bar ing2020,thiswastheslowestM ay since2014 (728 sales). • O n ayear-over-yearbasis,salesweredown 4%,driven bya7% declinein condo sales.Townhom e saleswereup 5% from lastyearand detached hom eswereup 2%.
GREATERVICTORIA THERENNIEADVANCE sales
MAY 2024
800
+ 2% vsM ay2023
700
600
500
400
457 10 yrM ayAvg
381
300
200
DETACHED sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100
- 17% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
+ 5% vsM ay2023
200
150
96 10 yrM ayAvg
100
91
TOWNHOME sales
50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 5% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
- 7% vsM ay2023
100 150 200 250 300 350 400
245 10 yrM ayAvg
237
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50
- 3% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
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