highlights • Them edian sold pricedecreased by0.6% (averaged acros hom etypes)between Apriland M ayin G reaterVictoria.Them edian sold pricefordetached hom esweighed down theaveragewith a m onth-over-m onth decreaseof4.9% (to$1.18 m ilion),whiletownhom em edian pricesclim bed 2.5% (to$790K),and condom edian priceswereup 0.6% (to$545K). • Com pared to lastyear,m edian sold pricesweredown by1.3% (averaged acros hom etypes)with al hom etypesseeing declines:detached (-0.8%),townhom e(-1.2%),and condo (-1.8%). •
GREATERVICTORIA THERENNIEADVANCE median prices
MAY 2024
$1,400,000
G reaterV ictoria
$1,200,000
$1,175,000
$1,000,000
$800,000
$600,000
- 0.8% vsM ay2023
DETACHED median salesprice
$400,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0 $200,000
● May
$1,000,000
G reaterV ictoria
$800,000
$789,574
$600,000
- 1.2% vsM ay2023
$400,000
TOWNHOME median salesprice
$200,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
$600,000
G reaterV ictoria
$545,000
$500,000
$400,000
$300,000
- 1.8% vsM ay2023
$200,000
CONDO median salesprice
$100,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
Copyright© June3,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune3,2024.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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