PRESIDENT DIRECTORS PRESIDENT ELECT Robert Cole · Cheryl Woolley DIRECTORS Sheila Aujla Robert...

VICTORIA REAL ESTATE BOARD 3035 Nanaimo Street Victoria, BC V8T 4W2

T 250.385.7766 F 250.385.8773 www.vreb.org www.openhousesvictoria.ca

June 1, 2020

Victoria real estate activity picks up as restrictions ease A total of 457 properties sold in the Victoria Real Estate Board region this May, 46.1 per cent fewer than the 848 properties sold in May 2019 but 59.2 per cent more than the previous month of April 2020. Sales of condominiums were down 55.7 per cent from May 2019 with 108 units sold. Sales of single family homes were down 42.9 per cent from May 2019 with 254 sold.

“Our market continues to respond to the current health crisis,” says Victoria Real Estate Board President Sandi-Jo Ayers. “Activity in real estate right now echoes the activity in our broader community – as restrictions gradually begin to lift - so too have our sales and listings numbers. Of course, like any industry, we do not expect a sudden shift back to any kind of normal. That said, one theme that persists in our market is that well-priced properties in high demand areas continue to see multiple offers. Demand exists and we continue to have motivated buyers searching for their perfect home.”

There were 2,544 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2020, 15.7 percent fewer properties than the total available at the end of May 2019 but a 10.4 per cent increase from the 2,305 active listings for sale at the end of April 2020.

“If you’re considering buying or selling a property right now you will find the experience different than pre-pandemic,” adds Ayers. “REALTORS® are doing our part to ensure that there is not a resurgence of COVID-19 in our community by following government health and safety guidelines, by leveraging technology to facilitate many aspects of the real estate transaction virtually and by implementing various clean showing protocols. Your Realtor will navigate the new processes and requirements to keep you, your property and our city safe and healthy.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2019 was $863,000. The benchmark value for the same home in May 2020 increased by 2.6 per cent to $885,400, 0.1 per cent more than April’s value of $884,600. The MLS® HPI benchmark value for a condominium in the Victoria Core area in May 2019 was $516,400, while the benchmark value for the same condominium in May 2020 increased by 3.5 per cent to $534,300, 0.1 per cent more than the April value of $533,600.

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 1,380 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. For a list of live stream open houses, visit openhousesvictoria.ca.

PRESIDENT Sandi-Jo Ayers PRESIDENT ELECT David Langlois TREASURER Karen Dinnie-Smyth PAST PRESIDENT Cheryl Woolley

DIRECTORS Sheila Aujla Robert Cole Jackie Ngai Graden Sol Patrick Novotny EXECUTIVE OFFICER David Corey

01-Jun-2020May 2020Previous Periods Comparison of Unit Sales, Average Prices and Median Prices

Sales by Property Type

Single Family Greater Victoria Single Family Other Areas Single Family Total All Areas Condo Apartment Row/Townhouse Manufactured Home Total Residential Total Sales

Active Listings

Units Median$Average$LY%LM% LY%LM% LY%LM% Units Median$Average$ Units Median$Average$2020 - May

214

1086113

436

254

457

40

2,544

145

7332

7275

163

287

18

2,305

402

2449219

800

445

848

43

3,019

$875,938

$453,060$572,711$203,877

$856,679$753,645

$837,500

$390,000$555,000$199,900

$812,500$622,000

$880,851

$421,512$599,066$223,857

$861,305$703,854

$795,000

$410,000$578,500$120,000

$775,000$620,966

$856,061

$470,311$633,751$202,637

$839,082$680,349

$775,000

$428,950$586,000$182,500

$770,000$625,000

47.6%

47.9%90.6%85.7%58.5%

55.8%

59.2%

122.2%

10.4%

-46.8%

-55.7%-33.7%-31.6%-45.5%

-42.9%

-46.1%

-7.0%

-15.7%

-0.6%

7.5%-4.4%-8.9%

-0.5%7.1%

2.3%

-3.7%-9.6%0.6%

2.1%10.8%

5.3%

-4.9%-4.1%66.6%

4.8%0.2%

8.1%

-9.1%-5.3%9.5%

5.5%-0.5%

2020 - April 2019 - May

LegendUnits: net number of listings soldLM%: percentage change since Last MonthLY%: percentage change since This Month Last YearAverage$: average selling priceMedian$: median selling priceActive Listings: total listings on the market at midnight on the last day of the month

This Month Last Month This Month Last Year

1Victoria Real Estate Board Multiple Listing Service ®

May 2020Statistics Package for Media

Victoria Real Estate Board May 2020 Statistics

Previous Periods Comparison of Unit Sales, Average Prices and Median Prices

Previous Periods Comparison of MLS® HPI Benchmark Prices and MLS® HPI Index Values


Monday, June 01, 2020

Sales to Active Listings Ratio

This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months.The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is downward pressure on prices, and a "sellers' market", where there is upward pressure on prices.

- below 10%, there is downward pressure on prices (buyers' market) - above 25%, there is upward pressure on prices (sellers' market) - in the 15-20% range, there is little pressure on prices either way (balanced market)


Total new MLS® listings and total MLS® sales for entire district

The Victoria Real Estate Board uses the MLS® Home Price Index (MLS® HPI) to report on market trends. The MLS® HPI uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area.

Through the analysis of over ten years of Victoria Real Estate Board MLS® sales data, the MLS® HPI defined benchmark homes for Victoria in each category (single family homes, townhouses, condos) and for each neighbourhood. The benchmark starting point was 2005, where each type of property and neighbourhood was assigned an index value of 100.

MLS® HPI benchmark and value - Single Family Homes


12MonthsAgo

%Differencefrom12MonthsAgo(May2019toMay2020)

SelectTimeframe:

1.AreaGroupVREBAreaSummary

3.Area/PropertyTypeSelectionAll

2.PropertyTypeSingleFamily-All(SF-All)

Note:Areaswithinsufficientdatadonotgeneratestatisticsandarenotincludedinthedashboard.

Source:VictoriaRealEstateBoard

VictoriaREB–

SF-All

Core–SF-All

Westshore–SF-All

Peninsula–SF-All

GulfIslands–SF-All

Malahat&Area–

SF-All

-1.7%

3.1%

2.6%

4.9%

2.8%

4.3%


MLS® HPI benchmark and value - Condominium / Apartments


12MonthsAgo

%Differencefrom12MonthsAgo(May2019toMay2020)

SelectTimeframe:



2.PropertyTypeCondoApartment(Con)



VictoriaREB–Con

Core–Con

Westshore–Con

Peninsula–Con

3.1%

3.5%

4.0%

0.1%



May2020 1MonthAgo 3MonthsAgo 6MonthsAgo 12MonthsAgo 3YearsAgo 5YearsAgo January2005

VictoriaREB–SF-All

Victoria–SF-All

VictoriaWest–SF-All

OakBay–SF-All

Esquimalt–SF-All

ViewRoyal–SF-All

SaanichEast–SF-All

SaanichWest–SF-All

Sooke–SF-All

Langford–SF-All

Metchosin–SF-All

Colwood–SF-All

Highlands–SF-All

NorthSaanich–SF-All

Sidney–SF-All

CentralSaanich–SF-All

MLMalahat&Area–SF-All

GIGulfIslands–SF-All

$974,600$971,200

$967,700$960,400$959,900

$956,100

$946,300

$940,500$940,000

$937,600

$901,500 $897,900 $884,900 $877,400$872,700

$871,900 $871,400 $868,800

$867,400

$865,200

$848,700

$847,800 $846,100

$842,800 $839,100 $835,000$824,600

$818,800

$810,300

$803,100

$789,300

$783,400

$783,300

$782,200$781,900

$780,500

$778,100

$777,400

$775,900

$772,800

$770,800

$768,000

$762,900

$759,300

$759,000

$758,900

$757,600

$757,300

$755,600

$752,300

$750,400

$723,300$721,600

$706,500

$704,800

$702,200

$699,800

$696,900

$694,300

$694,000

$692,700

$689,200

$687,600

$685,600

$680,800

$680,600

$680,000 $678,200

$676,600

$674,700

$668,100

$667,100

$666,600

$662,200

$662,000

$660,500$659,600

$653,200

$648,600

$641,500$641,200

$621,400

$616,600

$611,400

$610,200

$604,400

$601,700

$597,100

$594,700 $581,700

$574,000

$570,100$569,300

$567,900

$565,300

$564,500

$560,000 $555,700

$552,000

$547,300$536,400

$531,100

$525,600

$525,200$524,100

$523,500

$523,000

$522,000

$510,600

$508,600

$487,300

$482,600

$469,700

$460,600

$460,300

$459,900

$455,400

$454,700

$437,700

$433,600

$428,800

$404,100

$394,500

$370,800

$357,100

$357,000

$351,900

$349,200

$348,300

$332,600

$329,800

$321,400

$308,000

$292,400

$291,500

$284,200

$282,400

$265,000

$1,229,800 $1,229,200 $1,211,500 $1,203,800 $1,203,300$1,162,400

BenchmarkPricebyTimeframeandPropertyType

ValueorpercentchangeValuePercentchange

HPIorBenchmarkPriceHPIBenchmarkPrice

1.AreaGroupVREBDistrictSummary






VictoriaREB–SF-All

Victoria–SF-All

VictoriaWest–SF-All

OakBay–SF-All

Esquimalt–SF-All

ViewRoyal–SF-All

SaanichEast–SF-All

SaanichWest–SF-All

Sooke–SF-All

Langford–SF-All

Metchosin–SF-All

Colwood–SF-All

Highlands–SF-All

NorthSaanich–SF-All

Sidney–SF-All

CentralSaanich–SF-All

MLMalahat&Area–SF-All

GIGulfIslands–SF-All

254.5253.9 248.0244.2

237.5

237.4

236.9

235.7

234.5

230.2 229.7 229.1

228.9

228.5

228.5 227.6

227.3

226.4

226.3

226.0

225.2

224.3

224.3

223.4

222.8

222.8 222.7

222.4

222.4

221.3

221.2

220.8 220.2

219.5

219.3

219.1219.0

218.6

218.1 218.0

217.3

217.3

216.6

216.6

215.1

214.3

213.7 212.6

212.5

212.4

212.1

211.8

211.3

211.1

210.9210.8

210.7

210.6

210.6

210.5

210.5

210.2

210.1

209.7

208.3208.2

207.8

207.2

206.5

206.0

206.0

205.9

205.8

205.5205.2

204.6

202.4

201.9201.6

200.4

200.2

200.0199.3

199.2 199.1 198.5

196.9

196.2

196.0

195.2

193.7 193.3

193.0192.9

190.2

186.8

183.3

182.2180.2

179.8

179.8179.1

178.0

176.1

174.5

173.7

170.9

160.0

157.3

156.3

154.8

154.8

149.9

147.2

147.1

146.8

146.5

143.3

143.1

141.2

140.8

138.1

134.0

133.1

132.8

119.5 100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

HPIbyTimeframeandPropertyType









VictoriaREB–Con

Victoria–Con

VictoriaWest–Con

OakBay–Con

Esquimalt–Con

ViewRoyal–Con

SaanichEast–Con

SaanichWest–Con

Langford–Con

Colwood–Con

Sidney–Con

CentralSaanich–Con

$836,000$825,900 $820,800 $794,000$783,500 $710,400

$639,400 $615,600$615,400 $605,800$601,500

$537,600

$527,100$522,400

$521,400

$519,700

$519,600 $514,300

$506,400

$505,500

$504,600

$504,100

$503,900

$497,900

$494,000

$491,700

$488,900

$487,200 $486,600

$486,100

$486,000

$485,900

$484,800

$477,500$477,300$476,900$474,400

$461,600

$455,700 $455,000 $448,600$446,700 $443,000

$439,300

$436,600

$433,000 $432,100

$429,000

$428,600

$426,900$423,100 $419,500 $418,200

$418,000 $415,000

$413,100

$412,900

$411,800

$404,200

$403,500

$403,400

$399,400

$396,300

$393,000$388,700 $384,900 $365,500

$363,700

$363,700

$361,300

$348,800

$348,300

$338,800

$330,500

$326,200

$318,300

$307,700

$303,800

$291,200

$289,400

$263,600

$262,200

$257,100

$257,000

$253,000

$250,000

$210,400

$205,300

$203,900

$202,500

$191,500

$176,600

$171,400

$169,700

$161,300

$155,700










VictoriaREB–Con

Victoria–Con

VictoriaWest–Con

OakBay–Con

Esquimalt–Con

ViewRoyal–Con

SaanichEast–Con

SaanichWest–Con

Langford–Con

Colwood–Con

Sidney–Con

CentralSaanich–Con

268.6 268.2

266.0264.7

264.4

264.4

263.3

262.3

261.1

260.1

260.0

259.3

256.3

255.7

255.3

254.8

253.8 253.7

252.7

252.6

252.4

252.2

252.1

250.5

249.6

249.2

248.3

247.9

247.2

247.1

247.0

246.8243.8

243.3243.2

242.3

241.0

240.6 240.3240.0

239.6

239.5

239.4

239.4

237.7

236.7

235.8

235.0

234.8

234.7

234.4

233.8

232.6232.5232.3

232.0

231.3

231.1

228.5 226.2

225.5

215.0

214.4

210.2

209.7

207.5

204.4

203.2

197.5

196.5

195.7

182.4

169.3

159.4

158.7

157.1

153.0

151.5

151.1

150.9

148.0

143.8

141.6

128.9

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0










VictoriaREB–Twn

Victoria–Twn

VictoriaWest–Twn

Esquimalt–Twn

ViewRoyal–Twn

SaanichEast–Twn

SaanichWest–Twn

Sooke–Twn

Langford–Twn

Colwood–Twn

Sidney–Twn

CentralSaanich–Twn

MLMalahat&Area–Twn

GIGulfIslands–Twn

$704,600$704,600 $696,600

$692,800

$691,100$689,200

$673,200$672,000 $670,700 $660,600

$658,900

$652,400

$647,000

$641,700 $639,700

$637,200 $634,700 $632,400

$630,500

$627,400

$626,000

$622,700

$616,700$613,500

$610,600

$609,700

$600,600

$597,000$595,300

$591,500

$589,900

$587,600

$584,200 $583,400

$583,100$581,700

$581,400

$578,900

$577,100$573,700

$572,900

$572,200

$571,000

$570,800

$566,000

$565,900

$562,800$557,100

$555,900

$551,400

$550,300

$546,400

$544,400

$541,100

$538,600

$538,500$537,000

$535,200 $528,600 $522,200

$522,100

$520,800

$516,500

$513,300

$510,900 $510,600

$508,100 $506,800 $495,300

$493,600

$492,900

$492,700

$489,400

$488,500

$481,400 $479,900

$476,300

$474,900

$470,400 $463,200$457,600

$444,100

$442,000

$434,100

$430,500

$424,600

$414,900

$408,400

$407,500

$405,800

$399,300

$397,400

$361,200

$358,700

$356,800

$344,800

$341,100

$334,600

$333,900

$322,600

$287,700

$278,300

$269,500

$266,600

$266,100

$261,800

$256,100

$250,100

$247,600

$245,700

$241,900

$234,700






2.PropertyTypeTownhouse(Twn)




VictoriaREB–Twn

Victoria–Twn

VictoriaWest–Twn

Esquimalt–Twn

ViewRoyal–Twn

SaanichEast–Twn

SaanichWest–Twn

Sooke–Twn

Langford–Twn

Colwood–Twn

Sidney–Twn

CentralSaanich–Twn

MLMalahat&Area–Twn

GIGulfIslands–Twn

279.8 271.9271.4 270.9 266.8

252.1 250.3 246.6245.3

244.1

243.8

243.2 239.8237.9 232.8

231.5

228.6

227.5

225.2224.9

222.9

222.6222.0

221.5

221.3

220.6 219.8

219.5

219.2

218.4218.4

218.1

217.8

216.8 216.5

216.5

215.9

215.3

215.2

215.1

214.5

214.2

213.9

213.6

212.5

212.3

211.9

211.1

210.3

209.5209.0

208.9

206.3

203.0

202.2

200.6

198.9

196.9

196.2

195.6

194.1

194.1 193.6

192.0 191.9

191.8 191.2

189.2 188.2

188.0

187.5

187.4

186.6

186.1

183.9

183.7

183.6

182.5

180.9178.7

178.5

165.8

165.8

164.8

163.3

161.8

153.9

149.8

148.3

147.5

147.2

146.4

144.2

140.3

134.1

130.4

130.3

121.3

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0









VictoriaREB–SF-All Core–SF-All Westshore–SF-All Peninsula–SF-All

SelectDateRange:Allvalues

Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Jan2021

Ben

chmarkPrice($)

300,000

400,000

500,000

600,000

700,000

800,000

900,000

BenchmarkPricePerformanceoverTime


3.Area/PropertyTypeSelectionMultiplevalues



Addinglabels

HoldCtrl(Cmd)andselectpointsonthecharttoshowmultipledate/valuelabels



VictoriaREB–Con Core–Con Westshore–Con Peninsula–Con


Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Jan2021

Ben

chmarkPrice($)

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000






Addinglabels




VictoriaREB–Twn Core–Twn Westshore–Twn Peninsula–Twn


Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Jan2021

Ben

chmarkPrice($)

250,000

300,000

350,000

400,000

450,000

500,000

550,000

600,000

650,000






Addinglabels




VictoriaREB–SF-All VictoriaREB–Twn VictoriaREB–Con


Jan2005

Jan2006

Jan2007

Jan2008

Jan2009

Jan2010

Jan2011

Jan2012

Jan2013

Jan2014

Jan2015

Jan2016

Jan2017

Jan2018

Jan2019

Jan2020

Jan2021

Ben

chmarkPrice($)

200,000

300,000

400,000

500,000

600,000

700,000

800,000




2.PropertyTypeMultiplevalues


Addinglabels


Monthly Sales SummaryMonday, June 1, 2020

Units Total Volume

May 2020

Region

District

ResidentialSingle Familyl

Greater Victoria

Victoria 25 $23,682,400

Oak Bay 13 $18,011,500

Esquimalt 4 $3,380,600

View Royal 3 $2,314,095

Saanich East 34 $30,348,499

Saanich West 17 $16,599,888

Central Saanich 9 $7,836,500

North Saanich 12 $11,157,280

Sidney 9 $6,606,900

Colwood 12 $9,802,500

Langford 42 $31,028,240

Metchosin 3 $2,711,500

Sooke 25 $14,818,320

Waterfront (all districts) 6 $9,152,500

Total Greater Victoria 214 $187,450,722

Other Areas

Shawnigan Lake / Malahat 6 $4,171,900

Gulf Islands 20 $13,359,500

UpIsland / Mainland 8 $5,817,900


Total Other Areas 40 $30,145,800

Total Single Family 254 $217,596,522

Condo Apartmentl

Greater Victoria

Victoria 30 $15,162,800

Victoria West 7 $3,664,500

Oak Bay 4 $2,755,000


View Royal 3 $1,677,790




North Saanich 1 $689,900

Sidney 4 $1,693,900

Colwood 3 $1,011,000

Langford 24 $9,377,595

Sooke 1 $208,900



Other Areas

UpIsland / Mainland 1 $524,900

Total Other Areas 1 $524,900

Total Condo Apartment 108 $48,930,485



Units Total Volume

May 2020

Region

District

Row/Townhousel

Greater Victoria

Victoria 7 $4,500,000


View Royal 4 $2,364,900




Sidney 3 $1,594,000

Colwood 2 $1,186,000

Langford 11 $5,720,700

Sooke 6 $2,749,600


Other Areas


UpIsland / Mainland 3 $1,104,150


Total Row/Townhouse 61 $34,935,350

Manufactured Homel

Greater Victoria

View Royal 2 $308,000


Sidney 1 $375,000

Langford 1 $85,000


Other Areas


Total Other Areas 3 $694,900

Total Manufactured Home 13 $2,650,400

Total Residential 436 $304,112,757



Units Total Volume

May 2020

Region

District

Grand Totals 457 $314,157,722

5 $3,420,065Other Commercial Propertiesl

Other Property

Lots & Acreage (Incl Wtrfrnt)l

Greater Victoria

North Saanich 4 $2,510,000

Langford 1 $299,000

Sooke 3 $927,900


Other Areas

Shawnigan Lake / Malahat 1 $476,000




Total Lots & Acreage (Incl Wtrfrnt) 16 $6,624,900


Active Listings, New Listings and Sales May 2020Monday, June 01, 2020

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

2,800

3,000

3,200

3,400

3,600

3,800

4,000

May

201

8

Jun

2018

Jul 2

018

Aug

2018

Sep

2018

Oct

201

8

Nov

201

8

Dec

201

8

Jan

2019

Feb

2019

Mar

201

9

Apr 2

019

May

201

9

Jun

2019

Jul 2

019

Aug

2019

Sep

2019

Oct

201

9

Nov

201

9

Dec

201

9

Jan

2020

Feb

2020

Mar

202

0

Apr 2

020

May

202

0

Total Active MLS® Listings

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

May

201

8

Jun

2018

Jul 2

018

Aug

2018

Sep

2018

Oct

201

8

Nov

201

8

Dec

201

8

Jan

2019

Feb

2019

Mar

201

9

Apr 2

019

May

201

9

Jun

2019

Jul 2

019

Aug

2019

Sep

2019

Oct

201

9

Nov

201

9

Dec

201

9

Jan

2020

Feb

2020

Mar

202

0

Apr 2

020

May

202

0

Total New MLS® Listings and Total MLS® Sales

Listings Sales

Victoria Real Estate Board Multiple Listing Service ®

Sales to Active Listings Ratio May 2020Monday, June 01, 2020

10%

20%

30%

40%

50%

60%

70%

80%

90%

May

201

8

Jun

2018

Jul 2

018

Aug

2018

Sep

2018

Oct

201

8

Nov

201

8

Dec

201

8

Jan

2019

Feb

2019

Mar

201

9

Apr 2

019

May

201

9

Jun

2019

Jul 2

019

Aug

2019

Sep

2019

Oct

201

9

Nov

201

9

Dec

201

9

Jan

2020

Feb

2020

Mar

202

0

Apr 2

020

May

202

0

Victoria Real Estate Board Multiple Listing Service ®

The Sales to Active Listings Ratio

This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months.

The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is sustained downward pressure on prices, and a "sellers' market", where there is sustained upward pressure on prices.

Based on a regression analysis performed by the Economics Department of the BC Real Estate Association in each market area of the province, the Sales to Active Listings Ratio for Victoria can be interpreted as follows:

- below 14%, there is downward pressure on prices (buyers' market)- above 20%, there is upward pressure on prices (sellers' market)- in the 14-20% range, there is little pressure on prices either way (balanced market)

Monthly Comparative Activity By Property Type June 1, 2020

May 2020

Current Month

This Year % ChangeLast Year

Year To Date


Single Family - Residential

Units Listed 426

Units Sold 214

Sell/List Ratio 50

Sales Dollars $174,658,334

Average Price / Unit $816,160

Price Ratio 98

Days To Sell 38

Active Listings at Month End 739

%

%

694

387

56

$319,283,289

$825,021

98

34

1058

%

%

-39

-45

-45

-1

14

-30

%

%

%

%

%

%

1779

997

56

$849,635,022

$852,192

98

40

%

%

2536

1288

51

$1,062,573,972

$824,980

98

39

%

%

-30

-23

-20

3

1

%

%

%

%

%

Single Family - Residential Waterfront

Units Listed 38

Units Sold 11

Sell/List Ratio 29


Average Price / Unit $1,433,773

Price Ratio 94

Days To Sell 132


%

%

59

18

31

$19,061,384

$1,058,966

91

91

180

%

%

-36

-39

-17

35

45

-19

%

%

%

%

%

%

171

60

35

$96,639,763

$1,610,663

94

109

%

%

203

60

30

$77,348,961

$1,289,149

94

113

%

%

-16

0

25

25

-3

%

%

%

%

%

Single Family - Residential Acreage

Units Listed 56

Units Sold 19

Sell/List Ratio 34



Price Ratio 99

Days To Sell 61


%

%

76

25

33

$25,321,334

$1,012,853

96

68

169

%

%

-26

-24

-24

1

-10

-28

%

%

%

%

%

%

185

89

48

$94,564,349

$1,062,521

96

80

%

%

239

107

45

$97,774,084

$913,776

97

72

%

%

-23

-17

-3

16

11

%

%

%

%

%

Condo Apartment

Units Listed 337

Units Sold 108

Sell/List Ratio 32



Price Ratio 98

Days To Sell 36


%

%

432

244

56

$114,755,871

$470,311

99

34

658

%

%

-22

-56

-57

-4

4

4

%

%

%

%

%

%

1473

652

44

$313,533,610

$480,880

98

37

%

%

1589

883

56

$411,790,778

$466,354

98

38

%

%

-7

-26

-24

3

-3

%

%

%

%

%



May 2020

Current Month


Year To Date


Row/Townhouse

Units Listed 98

Units Sold 61

Sell/List Ratio 62



Price Ratio 98

Days To Sell 56


%

%

177

92

52

$58,305,100

$633,751

99

32

252

%

%

-45

-34

-40

-10

78

-15

%

%

%

%

%

%

507

299

59

$177,468,229

$593,539

99

48

%

%

629

329

52

$202,229,512

$614,679

99

37

%

%

-19

-9

-12

-3

30

%

%

%

%

%

Half Duplex (Up and Down)

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0

Average Price / Unit

Price Ratio

Days To Sell


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

3

2

67

$691,000

$345,500

95

172

%

%

0

0

$0

%

%

%

%

%

%

%

Half Duplex (Side by Side)

Units Listed 7

Units Sold 7

Sell/List Ratio 100



Price Ratio 97

Days To Sell 36


%

%

12

7

58

$3,947,900

$563,986

97

36

19

%

%

-42

0

40

40

0

-21

%

%

%

%

%

%

43

23

53

$15,669,400

$681,278

98

31

%

%

53

34

64

$22,562,340

$663,598

98

47

%

%

-19

-32

-31

3

-35

%

%

%

%

%

Half Duplex (Front and Back)

Units Listed 2

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

5

7

140

$5,002,500

$714,643

99

20

4

%

%

-60

-100

-100

-25

%

%

%

%

%

%

6

4

67

$2,525,400

$631,350

99

42

%

%

15

10

67

$6,991,500

$699,150

99

37

%

%

-60

-60

-64

-10

13

%

%

%

%

%



May 2020

Current Month


Year To Date


Recreational

Units Listed 3

Units Sold 1

Sell/List Ratio 33

Sales Dollars $177,500


Price Ratio 91

Days To Sell 247


%

%

6

0

0

$0

23

%

%

-50

-35

%

%

%

%

%

%

11

3

27

$276,000

$92,000

91

250

%

%

21

3

14

$310,000

$103,333

97

13

%

%

-48

0

-11

-11

1821

%

%

%

%

%

Manufactured Home

Units Listed 21

Units Sold 13

Sell/List Ratio 62



Price Ratio 97

Days To Sell 48


%

%

31

19

61

$3,850,100

$202,637

97

29

51

%

%

-32

-32

-31

1

68

-25

%

%

%

%

%

%

81

55

68

$10,681,625

$194,211

96

61

%

%

102

66

65

$12,707,888

$192,544

95

52

%

%

-21

-17

-16

1

18

%

%

%

%

%

Residential Lot

Units Listed 30

Units Sold 6

Sell/List Ratio 20



Price Ratio 98

Days To Sell 60


%

%

32

17

53

$5,435,120

$319,713

89

220

195

%

%

-6

-65

-58

20

-73

-31

%

%

%

%

%

%

127

48

38

$23,289,274

$485,193

100

140

%

%

182

49

27

$15,076,520

$307,684

94

151

%

%

-30

-2

54

58

-7

%

%

%

%

%

Residential Lot - Waterfront

Units Listed 7

Units Sold 2

Sell/List Ratio 29



Price Ratio 91

Days To Sell 248


%

%

6

4

67

$3,548,500

$887,125

96

237

26

%

%

17

-50

-83

-67

5

31

%

%

%

%

%

%

30

5

17

$2,433,125

$486,625

90

311

%

%

24

5

21

$4,348,500

$869,700

95

192

%

%

25

0

-44

-44

62

%

%

%

%

%



May 2020

Current Month


Year To Date


Residential Acreage

Units Listed 11

Units Sold 8

Sell/List Ratio 73



Price Ratio 95

Days To Sell 85


%

%

24

3

13

$1,464,000

$488,000

94

46

91

%

%

-54

167

155

-4

86

-20

%

%

%

%

%

%

63

28

44

$17,545,500

$626,625

93

114

%

%

73

21

29

$10,408,000

$495,619

93

172

%

%

-14

33

69

26

-34

%

%

%

%

%

Residential Acreage - Waterfront

Units Listed 6

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

6

2

33

$1,240,000

$620,000

91

529

29

%

%

0

-100

-100

7

%

%

%

%

%

%

20

7

35

$5,959,082

$851,297

88

105

%

%

21

4

19

$2,715,000

$678,750

94

310

%

%

-5

75

119

25

-66

%

%

%

%

%

Revenue - Duplex/Triplex

Units Listed 5

Units Sold 2

Sell/List Ratio 40



Price Ratio 95

Days To Sell 78


%

%

7

1

14

$775,000

$775,000

97

18

12

%

%

-29

100

175

38

331

-42

%

%

%

%

%

%

23

15

65

$14,858,950

$990,597

97

41

%

%

18

5

28

$5,409,900

$1,081,980

98

25

%

%

28

200

175

-8

63

%

%

%

%

%

Revenue - Multi Unit

Units Listed 3

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

2

2

100

$2,988,000

$1,494,000

100

57

9

%

%

50

-100

-100

-22

%

%

%

%

%

%

12

1

8

$1,750,000

$1,750,000

88

30

%

%

8

3

38

$4,488,000

$1,496,000

96

77

%

%

50

-67

-61

17

-61

%

%

%

%

%



May 2020

Current Month


Year To Date


Revenue - Apartment Block

Units Listed 1

Units Sold 2

Sell/List Ratio 200



Price Ratio 89

Days To Sell 136


%

%

1

1

100

$6,700,000

$6,700,000

94

88

2

%

%

0

100

-57

-78

54

100

%

%

%

%

%

%

6

3

50

$8,498,900

$2,832,967

93

128

%

%

7

2

29

$8,430,000

$4,215,000

93

79

%

%

-14

50

1

-33

62

%

%

%

%

%

Revenue - Commercial

Units Listed 6

Units Sold 1

Sell/List Ratio 17



Price Ratio 98

Days To Sell 51


%

%

6

6

100

$2,810,120

$468,353

99

103

30

%

%

0

-83

-76

46

-51

33

%

%

%

%

%

%

30

8

27

$7,015,900

$876,988

96

92

%

%

37

14

38

$8,180,120

$584,294

93

115

%

%

-19

-43

-14

50

-20

%

%

%

%

%

Revenue - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

1

$249,000

$249,000

100

21

0

%

%

-100

-100

%

%

%

%

%

%

1

0

0

$0

%

%

1

1

100

$249,000

$249,000

100

21

%

%

0

-100

-100

%

%

%

%

%

Business with Land & Building

Units Listed 4

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

8

1

13

$13

$13

180

31

%

%

-50

-100

-100

23

%

%

%

%

%

%

36

9

25

$20,352,973

$2,261,441

90

177

%

%

26

9

35

$6,770,059

$752,229

106

139

%

%

38

0

201

201

28

%

%

%

%

%



May 2020

Current Month


Year To Date


Business Only

Units Listed 6

Units Sold 0

Sell/List Ratio 0

Sales Dollars -$165,500


Price Ratio 99

Days To Sell 88


%

%

13

2

15

$177,600

$88,800

76

31

71

%

%

-54

-100

-193

184

-20

%

%

%

%

%

%

54

10

19

$930,500

$93,050

87

114

%

%

66

15

23

$1,356,600

$90,440

73

92

%

%

-18

-33

-31

3

24

%

%

%

%

%

Motel/Hotel

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

1

0

0

$0

1

%

%

-100

300

%

%

%

%

%

%

2

0

0

$0

%

%

1

0

0

$0

%

%

100 %

%

%

%

%

Lease - Office

Units Listed 3

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

6

2

33

$37

$19

81

33

%

%

-50

-100

-100

6

%

%

%

%

%

%

27

2

7

$40

$20

402

%

%

27

9

33

$175

$19

170

%

%

0

-78

-77

3

137

%

%

%

%

%

Lease - Retail

Units Listed 8

Units Sold 1

Sell/List Ratio 13



Price Ratio 103

Days To Sell 165


%

%

5

1

20

$29

$29

1

73

29

%

%

60

0

5625

5625

126

-7

%

%

%

%

%

%

22

5

23

$1,709

$342

110

266

%

%

25

6

24

$116

$19

2

110

%

%

-12

-17

1370

1664

141

%

%

%

%

%



May 2020

Current Month


Year To Date


Lease - Warehouse

Units Listed 1

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

1

0

0

$0

1

%

%

0

0

%

%

%

%

%

%

1

0

0

$0

%

%

1

0

0

$0

%

%

0 %

%

%

%

%

Lease - Industrial

Units Listed 0

Units Sold 0

Sell/List Ratio

Sales Dollars $0


Price Ratio

Days To Sell


%

%

0

0

$0

0

%

%

%

%

%

%

%

%

0

0

$0

%

%

1

1

100

$9

$9

45

%

%

-100

-100

-100

%

%

%

%

%

Lease - Other

Units Listed 7

Units Sold 1

Sell/List Ratio 14

Sales Dollars $15

Average Price / Unit $15

Price Ratio

Days To Sell 34


%

%

2

5

250

$102

$20

187

28

%

%

250

-80

-85

-26

-82

75

%

%

%

%

%

%

41

1

2

$15

$15

34

%

%

22

8

36

$164

$20

158

%

%

86

-88

-91

-27

-78

%

%

%

%

%

Commercial Land

Units Listed 9

Units Sold 0

Sell/List Ratio 0

Sales Dollars $0


Price Ratio

Days To Sell


%

%

1

1

100

$620,000

$620,000

89

64

17

%

%

800

-100

-100

35

%

%

%

%

%

%

20

0

0

$0

%

%

16

2

13

$1,520,000

$760,000

84

250

%

%

25

-100

-100

%

%

%

%

%



May 2020

Current Month


Year To Date


Units Listed 1095

Units Sold 457

Sell/List Ratio 42



Price Ratio 98

Days To Sell 47


%

%

Grand Totals

1613

848

53

$575,534,998

$678,697

98

43

3019

%

%

-32

-46

-45

1

8

-16

%

%

%

%

%

%

4774

2326

49

$1,664,320,365

$715,529

98

50

%

%

5943

2934

49

$1,963,241,197

$669,135

98

47

%

%

-20

-21

-15

7

6

%

%

%

%

%


PRESIDENT DIRECTORS PRESIDENT ELECT Robert Cole · Cheryl Woolley DIRECTORS Sheila Aujla Robert...

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Transcript of PRESIDENT DIRECTORS PRESIDENT ELECT Robert Cole · Cheryl Woolley DIRECTORS Sheila Aujla Robert...