Real Estate Updates

The Latest From The Valley & The Island

April 2024 Market Update

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 the previous month. Meanwhile, 83 row/townhouses were sold, decreasing by two percent from last year but rising by one percent from March. The active listings for single-family homes stood at 1,271 in April, a significant rise from 956 a year ago. Inventory for condo apartments was 381, up from 304 in April 2023, and row/townhouses had 368 units available, a notable increase from 246 the previous year.

Benchmark Prices

April benchmark prices were as follows.

  • Single-family – $774,700 (up 5% y-o-y)
  • Apartment – $395,300 (up 2% y-o-y)
  • Townhouse – $545,100 (up 2% y-o-y)

More To Read

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September 2024 Market Update

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%,

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August 2024 Market Update

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

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