the victoria rennie advance | February 2025

highlights • Them edian sold pricein G reaterV ictoriadecreased by 0.6% (averaged acros hom etypes) betw een D ecem berand January.Them edian sold pricefordetached hom esincreased 5% (to $1.2 m ilion),townhom epricesweredown 6% (to$738k),and condopricesfel0.4% (to$548k). • Com pared to lastyear,m edian sold priceswereup by4% (averaged acros hom etypes)with detached hom esseeing thebiggestincreaseat8%.Townhom epriceswereup 2% year-over-year, whilem edian condopriceswereup 0.6%. •

GREATERVICTORIA THERENNIEADVANCE median prices

JANUARY2025

$1,400,000

G reaterV ictoria

$1,200,000

$1,150,000

$1,000,000

$800,000

$600,000

+ 8% vsJan 2024

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

$737,500

$600,000

+ 2% vsJan 2024

$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

$548,000

$500,000

$400,000

$300,000

+ 0.6% vsJan 2024

$200,000

CONDO median salesprice

$100,000

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

● January

Copyright© 2025renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary4,2025.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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