John Boyle and Linda Geddes Boyle
 
home properties marketing about us buyers and sellers resources and links contact contact
 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

 

  November, 2017 MLS Statistics


Modern LivingVictoria Waterfront

CURRENT STATISTICS

Victoria Real Estate Market Experiences a Burst of Activity

December 1, 2017 

A total of 671 properties sold in the Victoria Real Estate Board region this November, 12 per cent more than the 599 properties sold in November last year. 

"We suggested last month that some buyers may accelerate their purchase timeline to buy a new home in anticipation of the mortgage stress test on uninsured buyers - those with a down payment of 20 per cent or more - that will come into effect on January 1," says Victoria Real Estate Board President Ara Balabanian. "Judging by the sales we saw in November and what I have heard from our REALTOR® members, some buyers have indeed accelerated their purchasing plans to avoid the stress test. This may change the numbers we see in the early months of 2018, as some buyers who had planned to buy next year have bought a bit earlier."

There were 1,764 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2017, a decrease of 7.4 per cent compared to the month of October and 2.8 per cent fewer than the 1,815 active listings for sale at the end of November 2016. 

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2016 was $748,500. The benchmark value for the same home in November 2017 has increased by 10.2 per cent to $824,600, which is slightly higher than October's value of $821,900. 

"So was this November a record breaker?" asks President Balabanian. "While not a record, it is the highest November sales count we've tracked since 1996. It is also rare that we see November numbers beat October numbers. The fact that we've had an unusual month does not necessarily mean that this is the start of a new trend, it is however, a good example of how outside forces can impact a housing market. It's likely there will be more government-led change in the new year and we'll report on the effects of those changes on the market. Our hope is that the different levels of government coordinate their efforts to avoid a negative compounding effect on the market."

About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of Realtors. The Victoria Real Estate Board represents 1,375 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

View our press release and summary here.
View our complete statistical package here.



Archive

•  July 2018 (1)
•  March 2018 (3)
•  February 2018 (8)
•  January 2018 (2)
•  December 2017 (4)
•  November 2017 (1)
•  October 2017 (2)
•  September 2017 (2)
•  August 2017 (4)
•  July 2017 (1)
•  June 2017 (2)
•  May 2017 (5)
•  April 2017 (4)
•  March 2017 (1)
•  December 2016 (1)
•  November 2016 (6)
•  October 2016 (2)
•  September 2016 (2)
•  August 2016 (6)
•  July 2016 (1)
•  May 2016 (5)
•  April 2016 (3)
•  March 2016 (1)
•  February 2016 (1)
•  January 2016 (1)
•  December 2015 (2)
•  November 2015 (1)
•  October 2015 (1)
•  August 2015 (4)
•  July 2015 (1)
•  June 2015 (3)
•  May 2015 (1)
•  April 2015 (2)
•  March 2015 (1)
•  February 2015 (1)
•  January 2015 (1)
•  December 2014 (3)
•  November 2014 (2)
•  October 2014 (1)
•  September 2014 (3)
•  August 2014 (1)
•  July 2014 (2)
•  June 2014 (1)
•  May 2014 (8)
•  April 2014 (2)
•  March 2014 (2)
•  February 2014 (1)
•  January 2014 (2)
•  December 2013 (2)
•  November 2013 (1)
•  October 2013 (1)
•  September 2013 (1)
•  August 2013 (4)
•  July 2013 (3)
•  June 2013 (1)
•  May 2013 (2)
•  April 2013 (4)
•  March 2013 (4)
•  February 2013 (7)
•  January 2013 (2)
•  December 2012 (7)
•  November 2012 (1)
•  October 2012 (2)
•  September 2012 (5)
•  August 2012 (1)
•  July 2012 (2)
•  June 2012 (3)
•  May 2012 (3)
•  April 2012 (3)
•  March 2012 (2)
•  February 2012 (3)
•  January 2012 (4)
•  December 2011 (2)
•  November 2011 (1)
•  October 2011 (2)
•  September 2011 (2)
•  August 2011 (19)
•  July 2011 (2)
•  May 2011 (1)
•  April 2011 (1)
•  March 2011 (1)
•  February 2011 (2)
•  January 2011 (1)
•  October 2010 (1)

Categories

•  New Listings (55)
•  Recently Sold (77)
•  Multiple Offers (1)
•  January MLS Statistics (2)
•  Luxury Real Estate in Victoria (1)
•  February MLS Statistics (3)
•  June MLS Statistics (4)
•  June Statistics (1)
•  Luxury Condo (1)
•  July 2011 MLS Statistics (1)
•  August MLS Statistics (5)
•  September MLS statistics (4)
•  November MLS Statistics (3)
•  New MLS Statistics (1)
•  December 2011 MLS statistics (1)
•  British Columbia Luxury Sales (1)
•  February 2012 MLS statistics (1)
•  BC 2012/2013 Provincial Budget (1)
•  April Market Update (1)
•  March MLS Statistics (1)
•  April MLS Statistics (2)
•  Is it the right time to buy? (1)
•  May MLS Statistics (2)
•  July MLS statistics (2)
•  Market Update (1)
•  October MLS Statistics (3)
•  Year End MLS Report (1)
•  January 2013 MLS Statistics (1)
•  BC Luxury Home Market (1)
•  March 2013 MLS Statistics (1)
•  April 2013 MLS Statistics (1)
•  New Macdonald Realty Magazine (1)
•  November, 2013 MLS Statistics (1)
•  December 2013 MLS Statistics (1)
•  January 2014 MLS Statistics (1)
•  March 2014 MLS Statistics (1)
•  October 2014 MLS Statistics (1)
•  November 2014 MLS Statistics (1)
•  December 2014 MLS Statistics (1)
•  January 2015, Statistics (1)
•  February 2015 MLS Statistics (1)
•  March MLS Statistics 2015 (1)
•  May 2015, MLS Statistics (1)
•  October 2015, MLS Statistics (1)
•  November 2015 MLS Statistics (1)
•  December 2015, MLS Statistics (1)
•  January 2016 MLS Statistics (1)
•  February 2016 MLS Statistics (1)
•  April 2016 MLS Statistics (1)
•  April 2016, MLS Statistics (1)
•  June 2016, MLS Statistics (1)
•  August 2016 MLS Statistics (1)
•  September 2016 MLS Statistics (1)
•  October 2016, MLS Statistics (1)
•  November 2016, MLS Statistics (1)
•  February 2017, MLS Statistics (1)
•  March, 2017 MLS Statistics (1)
•  June 1, 2016 MLS Statistics (1)
•  July4 - MLS Statistics (1)
•  June 2017 MLS Statistics (1)
•  August 2017 MLS Statistics (1)
•  September 2017 MLS Statistics (1)
•  October 2017 MLS Statistics (1)
•  November, 2017 MLS Statistics (1)
•  MLS Statistics End Of 2017 (1)
•  January 2018, MLS Statistics (1)
•  February 2018 MLS Statistics (1)
•  June 2018, MLS Statistics (1)