Market Report-November 2024
Posted by Stephen Foster on
Victoria market exceeds expectations but remains balanced
November 1, 2024 A total of 654 properties sold in the Victoria Real Estate Board region this October, 60.7 per cent more than the 407 properties sold in October 2023 and a 14.5 per cent increase from September 2024. Sales of condominiums were up 32.6 per cent from October 2023 with 187 units sold. Sales of single family homes increased by 76.2 per cent from October 2023 with 340 sold.
'Sales did increase notably over last year, but it's important to include some context,' said 2024 Victoria Real Estate Board Chair-Elect Dirk VanderWal. 'October 2023 saw the fewest sales in that month since 2008, which distorts a year-over-year comparison; in fact, last month's sales count was almost…
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