Monday, September 28, 2020
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real estate prices REAL ESTATE Westshore Real Estate Sales Langford, Colwood, View Royal, Sooke VIEW SOLD HOMES VIEW SALES Westshore Real Estate VIEW FOR SALE

Interactive Sold Map of Langford, Colwood, View Royal Home Sales

Map of VREB MLS® sales of detached single family homes for

 2020 sales
 2019 sales

Clickon Google map viewer below to change layers for previous years.  For more information on any particular transaction, please contact Dustin Miller.

The Westshore is one of the fastest growing communities in all of BC with annual population growth exceeding 20%. Strong economic growth, a family-friendly community spirit, and great public amenities make this region a hotbed for residential development.

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Current Langford Westshore Stats

Updated Sept 1, 2020

Single Family Home

Average sold price, Victoria MLS®.

Sales Volume Increase

Compared to same time last year.

Active Inventory

Single Family Detached

Other neighbourhoods

RECORD: Avg. Sale Price Exceeds $1M+

We ended in remarkable positive territory, that nobody was predicting would happen so soon.

808 properties sold in June, which was 9.2% higher than the 740 sold in June of 2019!!

What’s even more astounding is that the average single family home prices reached an all time high of ~$1,015,000. It’s the first time we broke the $1M mark for single family homes in Greater Victoria, while the median price hovers around $865,000.

A total of 23 single-family homes sold last month for more than $2 million each. Of those, six were more than $3 million.

Unfortunately, if you’re a buyer in the 650 – 850 range, you are almost guaranteed to be in a multiple offer situation and have to give clean offers. Patience and discipline is required if you’re a buyer.

Additionally, CMHC announced some changes to their qualification ratios for insured mortgages. I made another video on this topic which you can watch by clicking here.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. 

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