Home of the RANCHER Specialists

Making Living Easier

Contact Us Anytime

Cell: 604-421-2220
Office: 250-594-4164
scott@harrisonhomes.ca


Serving Southwestern BC
& Vancouver Island

Vancouver Island Market Report Infographics

Monday, December 6, 2021 11:01:26 PM UTC
INFOGRAPHICS: November 2021 VIREB Vancouver Island Market Reports

HOW LOW CAN HOUSING INVENTORY GO?

Active listings in the Vancouver Island Real Estate Board (VIREB) area continue to drop, with demand far outpacing supply. Inventory has hit consecutive historical lows for several months running.

Active listings of single-family homes were 44 per cent lower last month than in November 2020 and dropped by 24 per cent from the previous month. VIREB’s inventory of condo apartments declined by 69 per cent from one year ago and was 23 per cent lower than in October. Row/townhouse inventory dropped by 55 per cent year over year and was 47 per cent lower than the previous month.

By category, 353 single-family homes sold on the MLS® System in November, a 16 per cent decrease from one year ago. There were 110 condo apartment sales last month compared to 107 one year ago and 122 the previous month. In the row/townhouse category, 98 units sold compared to 90 the previous November and 88 in October 2021.

Read the full report on VIREB website!


 

The following data is a comparison between November 2020 and November 2021 numbers, and is current as of December 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

 

Download Printable Version – November 2021 VIREB Market Report

 

 

 

 

More...
INFOGRAPHICS: October 2021 VIREB Vancouver Island Market Reports

Different month but the same issues continue

The predominant theme running through the housing market in the Vancouver Island Real Estate Board (VIREB) area is one of “different month, same issues.”

By category, 398 single-family homes sold in October, a 23 three per cent decrease from one year ago. There were 122 condo apartment sales last month, a six per cent decrease from October 2020. In the row/townhouse category, 88 units sold compared to 98 the previous October. However, there is little doubt that a dearth of active listings is causing the sales decline.

Buyers continue to face frustrating hurdles caused by historically low inventory, with little relief in sight. Active listings of single-family homes were 46 per cent lower last month than in October 2020 and dropped by 18 per cent from September. VIREB’s inventory of condo apartments declined by 63 per cent from one year ago and was 26 per cent lower than in September. However, there was some positive news for townhouse buyers. While active listings in this category dropped by 39 per cent year over year, inventory increased by 13 per cent from September.

Read the full report on VIREB website!

 

 


 

The following data is a comparison between October 2020 and October 2021 numbers, and is current as of November 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – September 2021 VIREB Market Report

 

 

 

 

More...
INFOGRAPHICS: September 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: September 2021 VIREB Vancouver Island Market Reports

Housing Market Closed Out Summer the Way It Began

The housing market in the Vancouver Island Real Estate Board (VIREB) area finished summer the way it began, with historically low inventory and rising prices.

Active listings of single-family homes were 47% lower last month than in September 2020, while VIREB’s inventory of condo apartments and row/townhouses dropped by 57% and 48%, respectively, from one year ago.

There were 932 unit sales in the VIREB area last month, down 27% from one year ago. By
category, 447 single-family homes sold in September, down three% from August and 30 per
cent year over year. September saw 122 condo apartment sales compared to 123 one year ago and
101 in August. In the row/townhouse category, there were 86 sales last month, down 21% from September 2020 and five% from the previous month.

Read the full report on VIREB website!

 

 


 

The following data is a comparison between September 2020 and September 2021 numbers, and is current as of October 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – September 2021 VIREB Market Report

 

 

 

 

More...
INFOGRAPHICS: August 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: August 2021 VIREB Vancouver Island Market Reports

Increasing housing supply is key to affordability.

Historically low inventory in the Vancouver Island Real Estate Board (VIREB) area continues to plague potential buyers and hamper sales. Active listings of single-family homes and row/townhouses are 50% lower than in August 2020, while VIREB’s inventory of condo apartments dropped by 61% year over year.

There were 891 unit sales in the VIREB area last month, down 18% from one year ago. By category, 460 single-family homes sold in August, up by two% from July and down by 15% year over year. August saw 101 condo apartment sales compared to 102 the previous year and 124 in July. In the row/townhouse category, there were 91 sales last month compared to 104 in August 2020 and 99 in July 2021.

Read the full report on the VIREB website!

 

 


 

The following data is a comparison between August 2020 and August 2021 numbers, and is current as of September 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – August 2021 VIREB Market Report

 

 

 

 

More...
INFOGRAPHICS: July 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: July 2021 VIREB Vancouver Island Market Reports

Slight Cooling Likely Due to Historically Low Inventory

Last month, the Vancouver Island Real Estate Board (VIREB) saw sales of 450 single-family detached properties compared to 531 in June, a decrease of 15%. In the condo apartment category, sales dropped by 7% from June 2021. However, row/townhouse sales rose by 29% from the previous month.

Inventory remains extremely tight in the VIREB area, tracking at a 21-year historical low. Active listings of single-family homes and row/townhouses dropped by 51% from July 2020. In the condo apartment category, inventory decreased by 60% from one year ago. Based on the demand VIREB is seeing, there is no doubt that sales would be higher if there were sufficient inventory.

Read the full report on the VIREB website!

 

 


 

The following data is a comparison between July 2020 and July 2021 numbers, and is current as of August 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – July 2021 VIREB Market Report

 

 

 

 

More...
INFOGRAPHICS: June 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: June 2021 VIREB Vancouver Island Market Reports

June market cools slightly but high demand continues

The blistering heat that finally gave way to slightly cooler temperatures mirrors what is happening in our housing market, as scorching real estate activity continued its cooling trend in June.

Last month, the Vancouver Island Real Estate Board (VIREB) saw sales of 533 single-family detached properties compared to 531 the previous month and 473 in June 2020. In the condo apartment category, sales dropped by 10% from May 2021 (150 to 134). Row/townhouse sales decreased by 18% from May and were 15% lower than in June 2020. Sales in the VIREB area are tracking at around 400 units more than at this time in 2016, which was our strongest market historically.

Read the full report on the VIREB website!

 

 


 

The following data is a comparison between June 2020 and June 2021 numbers, and is current as of July 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – June 2021 VIREB Market Report

 

 

 

 

More...
INFOGRAPHICS: May 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: May 2021 VIREB Vancouver Island Market Reports

Market Calms Slightly in May But Continues to Sizzle

The Vancouver Island Real Estate Board (VIREB) reports that the housing market calmed slightly in May but is still the strongest experienced since 2016.

May saw sales of 534 single-family detached properties compared to 590 in April, a dip of 9%. In the condo apartment category, 150 units sold last month versus 133 in April, up by 13%. In the townhouse market, sales dropped by 11%, with 94 units selling in May compared to 106 the previous month.

Read the full report on the VIREB website!

 

 


 

The following data is a comparison between May 2020 and May 2021 numbers, and is current as of June 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – May 2021 VIREB Market Report

 

 

 

 

 

More...
INFOGRAPHICS: April 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: April 2021 VIREB Vancouver Island Market Reports

Little Relief for Frustrated Buyers in April

There was little relief for frustrated buyers in April despite an increase in active listings. Inventory of single-family homes and condo apartments rose by 8% and 16%, respectively, but active listings of townhouses dropped by 8%.

April saw sales of 590 single-family detached properties compared to 567 the previous month. In the condo apartment category, 133 units sold last month versus 136 in March 2021. As for townhouses, 106 units changed hands in April compared to 124 the previous month.

Read the full report on the VIREB website!

 

 


 

The following data is a comparison between April 2020 and April 2021 numbers, and is current as of May 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – April 2021 VIREB Market Report

 

 

 

 

More...
INFOGRAPHICS: March 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: March 2021 VIREB Vancouver Island Market Reports

INVENTORY UP SLIGHTLY BUT STILL NO RELIEF FOR BUYERS

Lack of inventory is frustrating potential buyers in the VIREB area, with demand for homes far exceeding supply.While active listings in March were higher than in February, inventory is still at a historical low. There were 508 single-family detached properties for sale last month compared to 394 in February, an increase of 29%. The number of condo apartments for sale rose slightly, up to 171 from 169 in February. Month-over-month townhouse inventory increased by 29%, with 117 units for sale in March compared to 91 in February

Read the full report on the VIREB website!

 

 


 

The following data is a comparison between March 2020 and March 2021 numbers, and is current as of April 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – March 2021 VIREB Market Report

 

 

 

 

 

More...
INFOGRAPHICS: February 2021 VIREB Vancouver Island Market Reports
INFOGRAPHICS: February 2021 VIREB Vancouver Island Market Reports

Buyer Demand Continues to Outstrip Supply

Buyer demand in the VIREB area continues to outstrip supply, contributing to the lowest inventory on record for the board.

Active listings of single-family detached properties (excluding acreage and waterfront) dropped to 394 in February, down six per cent from January. There were 169 condo apartments for sale last month compared to 212 in January, a drop of 20 per cent. Month-over-month townhouse inventory decreased slightly, with 91 units for sale in February compared to 95 the previous month.

Read the full report on the VIREB website!

 

 


 

The following data is a comparison between February2020 and February 2021 numbers, and is current as of March 2021. Click here to check out last month’s infographics.

You can also view all our VIREB infographics by clicking here.

Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )

 

Download Printable Version – February 2021 VIREB Market Report

 

 

 

 

More...
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.