2024

There were 566 unit sales and 3,478 active listings (all property types) board-wide on the System in November 2024, up 17 and three per cent, respectively.Sales by CategoryIn the single-family category (excluding acreage and waterfront), 267 homes sold in November, up 14 per cent from one year ago and down 23 per cent from October.Sales of condo apartments last month came in at 62, increasing by 13 per...

In September 2024, the MLS® System recorded 637 unit sales and 4,465 active listings across all property types board-wide, representing increases of 16% and 24%, respectively. In the single-family home category (excluding acreage and waterfront), 320 homes were sold, marking a 22% increase from last year but a 4% decline compared to August. Sales of condo apartments reached 69 units, down 19% year...

In August, the VIREB region recorded 662 property sales, reflecting a 2% drop compared to last year. The number of active listings across the board reached 4,520, marking a 30% rise from August 2023. Sales Breakdown Single-family homes (excluding acreage and waterfront): 333 homes were sold in August, a 3% increase from last year, but an 8% decrease compared to July. Condo apartments: 70 units...

Last month, there were 737 unit sales in the VIREB area, a seven percent decrease from the previous year. Active listings totaled 4,559 board-wide, marking a 30 percent increase from July 2024. With an absorption rate of 16 percent and roughly six months of inventory, the VIREB housing market is balanced, slightly favoring buyers. Sales by Category In July, 363 single-family homes (excluding acreage...

The VIREB housing market is experiencing an unusual summer, with the anticipated boost from the recent interest rate cut not yet evident. Both buyers and sellers appear to be waiting for clearer signals before making a move. Although REALTORS® are actively conducting open houses and showings, the market is notably slower than usual for this time of year. Well-priced properties are still attracting...

Despite an uptick in sales in May, the VIREB housing market has not reached its typical pre-summer levels. However, there is positive news: VIREB's inventory of single-family homes surged by 46% in May, and active listings of all property types increased by 33% across the board. The VIREB market is now in balanced territory, which is advantageous for both buyers and sellers. Sales by Category: •...

The VIREB housing market experienced increased activity in April, with a total of 741 properties sold across all types. Specifically, sales of single-family homes (excluding acreage and waterfront) reached 376 units, a slight two percent drop from the previous year but a 29 percent increase from March. Condo apartment sales numbered 75, declining by one percent year-over-year and falling 11 percent from...

In March 2024, VIREB's housing market experienced a more tranquil pace for the spring season, with 655 unit sales recorded board-wide across all property types. Sales By Category The single-family category (excluding acreage and waterfront properties) saw 291 homes sold, marking a 22% decrease from the previous year but a 15% increase from February 2024. Condo apartment sales for the same period...

In the previous month, the Vancouver Island Real Estate Board (VIREB) area witnessed a notable surge in housing sales. Single-family homes saw a total of 254 transactions, marking a 15% increase compared to the same period last year and a substantial 67% rise from January 2023. Condo apartment sales also experienced a significant uptick, reaching 68 units sold in February. This represents an 11%...

In the VIREB area, 152 single-family homes were sold last month, marking a six percent decrease compared to the previous year but a slight increase from December 2023. January saw 47 condo apartments sold, reflecting a twelve percent rise from the same period last year and a twenty-one percent increase from December. In the row/townhouse category, 40 units were sold last month, showing a fourteen...