Home Video Most expensive and cheapest homes in Victoria August 2019

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Most expensive and cheapest homes in Victoria August 2019

Dustin Miller

September 13, 2019

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http://victoriamarket.ca

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DUSTIN MILLER

Looking to buy or sell investment real estate? Dustin Miller can help investors acquire, dispose, and lease property in British Columbia.

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Full 2017 Sales List

Access our comprehensive sales comp list of commercial real
estate activity during 2017 in Greater Victoria. Includes office, retail, land, multifamily, industrial, etc.

Development Tracker

Access our visual map of active or pending development permits, rezoning applications, or variance requests

July 2018 Market Summary

As of July 2018 the market in Greater Victoria is pretty hot. This means that the market strongly favours sellers and prices are expected to rise quickly.

There are currently 3.1 months of inventory which is extremely low for this time of year.

In the last year, prices for median single family homes have risen by $64,800 (9%) to $769,900 while prices for median condos have risen by $54,900 (16%) to $399,950.

If current market conditions prevail, you should expect the median single family home price to increase at a rate of about $111,000 (14%) annually.