Bruce McCallum, REALTOR®

Homes In Victoria

Victoria, BC: Number of homes sold in December 2014: + 9.6%

In December, 389 properties sold in the Victoria region - an increase of 9.6% when compared to
the 355 properties sold in December last year. Overall, 2014 saw 11.67% more sales than in


“I think the increase in sales we saw in 2014 surpassed a lot of people’s expectations. To see growth of over 10% - that shows consumer confidence and interest in our market,” Victoria Real Estate Board President Guy Crozier says. “Of course one factor that helped sell houses this year was the low mortgage rate. That, combined with balanced market conditions, created a steady, consumer-friendly environment in which to purchase and sell properties.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in
the Victoria Core this time last year was $542,800. This month the benchmark value rose 2.9%
to $558,500. Over the course of 2014, 6.2% of single family homes (238) sold for over one
million dollars.

“There are two indicators to track in the New Year – the number of sales, and the
amount of inventory currently available on the market. In 2014 we saw less inventory
available than in previous years but more sales. With job growth predicted and
consumer confidence increasing in our area, it will be interesting to watch these
numbers as 2015 sales unfold.”


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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.