Vancouver Island Real Estate Board Statistics for May 2024
VIREB recorded 824 unit sales board-wide (all property types) in May 2024.
In the single-family category (excluding acreage and waterfront), 409 homes sold in May, down 14 per cent from one year ago and up nine per cent from April.
Sales of condo apartments last month came in at 92, increasing by 11 per cent year over year and up 23 per cent from April.
In the row/townhouse category, 108 units changed hands in May, up 17 per cent from one year ago and 30 per cent from April.
Active listings of single-family homes were 1,433 in May, an increase from the 979 posted one year ago.
VIREB’s inventory of condo apartments was 398 last month, up from 318 in May 2023.
There were 375 row/townhouses for sale last month compared to 252 the previous year.
Benchmark prices for May are provided below.
• Single-family - $781,100 (up 4% y-o-y)
• Apartment - $413,000 (up 3% y-o-y)
• Townhouse - $544,200 (up 1% y-o-y)
Visit https://vireb.com/wp-content/uploads/2024/06/05-May-24-VIREB-Stats-Package.pdf for our May 2024 stats package.
Article courtesy of the Vancouver Island Real Estate Board.Categories
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