Real Estate Updates

The Latest From The Valley & The Island

November 2023 Market Update

In the VIREB area last month, sales of single-family homes totaled 236, marking a decrease of 2% from the previous November and a 3% drop from October.

Condo apartment sales in November reached 56, reflecting a 4% increase from the same month last year but a 7% decline from October. Sales in the row/townhouse sector saw 50 units sold, up 9% compared to the same month last year, yet showing a 14% decrease from October 2023.

The number of active listings for single-family homes stood at 1,040 in November, a decrease from the 1,195 listings seen a year earlier. The inventory of condo apartments in November was 285, slightly up from 284 in November 2022. Row/townhouse listings were at 282 last month, an increase from 266 listed in the same month the previous year.

Benchmark prices for November were as follows.

  • Single-family – $760,100 (up 4% y-o-y)
  • Apartment – $388,300 (up 1% y-o-y)
  • Townhouse – $555,000 (up 3% y-o-y)

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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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