Vancouver Island Real Estate Board Statistics for February 2024

Last month, 254 single-family homes sold in the Vancouver Island Real Estate Board (VIREB) area, up 15 per cent from one year ago and 67 per cent from January 2023.

Sales of condo apartments in February came in at 68, increasing by 11 per cent year over year and up 45 per cent from January. In the row/townhouse category, 59 units changed hands last month, an increase of 18 per cent from one year ago and up 48 per cent from the previous month.

Active listings of single-family homes were 915 in February, down from 937 the previous year. VIREB’s inventory of condo apartments was 298 last month, up from 253 one year ago. There were 328 row/townhouses for sale last month compared to 251 in February 2023.

Benchmark prices for February are provided below.

• Single-family - $753,500 (up 6% y-o-y)
• Apartment - $387,400 (up 1% y-o-y)
• Townhouse - $546,500 (down $100 y-o-y)

Our February 2024 Statistics Package is available at https://bit.ly/49YJOX0. 

 

 

 

Article courtesy of the Vancouver Island Real Estate Board.