4.2 4.6 4.3 4.7 5.6 5.2 3.5 2.8 2.4 2.2 2.0 1.6 1.9 1.8 1.5 1.4 1.3 1.3 1.3 1.3 1.4 1.3 1.2 1.1 1.4 1.6 1.6 1.7 2.2 2.8 3.4 4.0 4.9 4.8 5.0 4.3 5.3 0 1 2 3 4 5 6 January February March April May June July August September October November December Months of Inventory
2020 2021 2022 2023
Absorption Rate Greater Victoria Area -(2020-2023
JanFebMarAprMayJunJulAugSepOctNovDec 2020 411563608287457808979979989990795631 2021 646863117311161049942835831761745653438 2022 474718833824761612510478410480384320 2023 278 200 400 600 800 1000 1200 1400 Number of Sales Monthly
Comparison
Sales
Greater Victoria -(2020-2023)
Absorption Rates - Single Family Detached January 2023
1.31 3.00 1.71 2.33 1.91 1.45 0.95 0.67 1.71 0.00 1.92 1.91 1.00 1.95 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 Months of Inventory
Absorption Rates - Condos January 2023
1.75 2.33 0.00 1.63 2.65 1.86 2.50 1.83 1.33 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 Months of Inventory
Absorption Rates - Townhouses January 2023
NO ACTIVE LISTINGS
1.33 1.80 0.43 1.00 0.75 1.29 0.00 0.00 0.00 0.00 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 Months of Inventory
Absorption Rates - Manufactured Homes January 2023
0.00 3.00 1.50 1.13 0.00 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 Months of Inventory
NO ACTIVE LISTINGS OR SALES
0.00 0.00 0.60 1.76 3.30 5.00 2.40 0 1 2 3 4 5 6 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
Peninsula Absorption Rates by Price
January 2023
Saanich
Range
0.00 0.69 1.24 1.67 3.00 0 1 2 3 4 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
Absorption
January2023
Victoria
Rates by Price Range
1.91 1.34 4.00 10.50 4.50 0 1 2 3 4 5 6 7 8 9 10 11 12 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
Absorption
NO ACTIVE LISTINGS OR SALES NO SALES LAST 3 MONTHS
Saanich East
Rates by Price Range January2023
Oak Bay Absorption Rates by Price Range
0.86 27.00 0 5 10 15 20 25 30 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
3.00 2.57
NO ACTIVE LISTINGS OR SALES NO ACTIVE LISTINGS OR SALES NO ACTIVE LISTINGS OR SALES
January2023
3.00 1.40 2.38 3.00 7.50 0 1 2 3 4 5 6 7 8 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
NO
Langford Absorption Rates by Price Range January2023
ACTIVE LISTINGS OR SALES NO SALES LAST 3 MONTHS
NO ACTIVE LISTINGS OR SALES
NO SALES IN PAST 3 MONTHS
12.00
0 1 2 3 4 5 6 7 8 9 10 11 12 13 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
1.62 2.31 3.00
Colwood Absorption Rates by Price Range January 2023
0.00 3.00 0.00 0 1 2 3 4 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
Absorption Rates by Price Range January 2023 NO ACTIVE LISTINGS OR SALES NO SALES LAST 3 MONTHS NO ACTIVE LISTINGS OR SALES NO SALES LAST 3 MONTHS NO SALES LAST 3 MONTHS
Metchosin
0.00 1.00 1.17 2.67 3.55 2.88 4.85 0 1 2 3 4 5 6 Under $600K $600K to $800K $800K to $1M $1M to $1.5M $1.5 to $2M $2M to $3M Over $3M Months of Inventory
Greater Victoria Area (Core, Westshore & Peninsula) Absorption Rates by Price Range
January2023
Absorption Rates - Saanich Peninsula January 2023
SINGLE FAMILY CONDOS
TOWNHOMES
0 1 2 3 4 5 6 0.67 n/a n/a n/a 1.71 1.86 0.00 1.50 0.95 5.63 1.29 3.00
North Saanich Sidney Central Saanich
MANUFACTURED
0 1 2 3 4 5 6 0.67 n/a n/a 1.71 1.86 0.00 0.95 5.63 1.29
North Saanich Sidney Central Saanich
CONDOS
Absorption Rates - Saanich Peninsula January 2023
SINGLE FAMILY
TOWNHOMES
HISTORICAL ANNUAL VOLUME
$0 $1 $2 $3 $4 $5 $6 $7 $8 $9 $10 BILLIONS
Active Listings / Number of Sales
Greater Victoria - (last 24 months)
0 500 1000 1500 2000 2500
Active Listings Number of Sales
Greater Victoria Area - Average Monthly List Price
January 2023
$1,480,921 $1,476,131 $1,485,084 $1,477,433 $1,006,181 $1,684,538 $1,479,304 $1,715,201 $1,688,343 $1,447,668 $1,459,774 $1,615,950 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000
Greater Victoria Area - Median Monthly List Prices
January 2023
$1,307,000 $1,351,000 $1,299,800 $1,275,000 $890,000 $1,349,800 $1,250,000 $1,349,000 $1,349,000 $1,199,900 $1,149,500 $1,279,000 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000
Peninsula Area - Average Monthly List Prices
January 2023
$1,584,981 $1,517,133 $1,727,484 $1,459,019 $1,291,105 $2,259,925 $1,616,307 $2,314,468 $2,180,122 $1,583,698 $1,769,545 $1,790,979 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000
Peninsula Area - Median Monthly List Prices January 2023
$1,280,000 $1,335,000 $1,435,000 $1,377,500 $960,000 $1,618,500 $1,250,000 $1,792,000 $1,585,000 $1,375,000 $1,624,500 $1,395,000 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000
Greater Victoria Area - Median Days On Market
January 2023
6 6 7 10 15 19 18 15 14 18 26 15 0 5 10 15 20 25 30
6 5 7 9.5 15 16 18 13 14 14 27 14 0 5 10 15 20 25 30
Peninsula - Median Days On Market January 2023