What's happening in the condominium market in Greater Victoria.
We provide data analysis of freehold strata condominiums. The geographic capture area includes the following 13 municipalities: Victoria, Esquimalt, Oak Bay, Saanich, Central Saanich, North Saanich, Sidney, Colwood, Langford, View Royal, Metchosin, Sooke, Highlands
Historical condo median price stats. Source: Victoria Real Estate Board (VREB)
Studios are defined as condominiums with 0 bedroom count.
Median sale price is our preferred metric to track pricing trends.
Sales to Active Listing Ratio informs us about the status of the market:
Buyers' Market: Sales / Active Listings < 12%
Balanced Market: Sales / Active Listings between 12% - 20%
Sellers' Market: Sales / Active Listings >20%
Sales-to-active listings ratio measures supply and demand by looking at the total supply of homes for sale compared to sales during the month. Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent mark, while sellers’ markets tend to occur when it surpasses 20 per cent for sustained periods.
1-bedrooms are defined as condominiums with 1 bedroom count.
*some agents may advertise dens as a second bedroom, which would not be captured here.
Median sale price is our preferred metric to track pricing trends.
Sales to Active Listing Ratio informs us about the status of the market:
Buyers' Market: Sales / Active Listings < 12%
Balanced Market: Sales / Active Listings between 12% - 20%
Sellers' Market: Sales / Active Listings >20%
Sales-to-active listings ratio measures supply and demand by looking at the total supply of homes for sale compared to sales during the month. Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent mark, while sellers’ markets tend to occur when it surpasses 20 per cent for sustained periods.
1-bedrooms are defined as condominiums with 2+ bedroom count.
*some agents may advertise dens as a second bedroom, which may be included in the below stats.
Median sale price is our preferred metric to track pricing trends.
Sales to Active Listing Ratio informs us about the status of the market:
Buyers' Market: Sales / Active Listings < 12%
Balanced Market: Sales / Active Listings between 12% - 20%
Sellers' Market: Sales / Active Listings >20%
Sales-to-active listings ratio measures supply and demand by looking at the total supply of homes for sale compared to sales during the month. Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent mark, while sellers’ markets tend to occur when it surpasses 20 per cent for sustained periods.
We promptly filter through the noise and search for the perfect match. Your 'must have' criteria is weighed with the 'nice to have'.
We hunt for on-market and off-market opportunities.
Beyond finding the right property—we also ensure you pay a fair price. Our comprehensive market analysis provides you with an in-depth understanding of current market conditions, recent sales, and property values. With our expert insights, you can confidently make informed decisions and secure the best possible deal.
We safeguard your interests by expertly negotiating offers to secure the best price and terms for your property purchase. As seasoned negotiators we understand the nuances of the market and use strategic approaches to advocate for you, ensuring you receive the most favourable deal possible.
We make your transition into your new home smooth and hassle-free. Our comprehensive turnover services include professional cleaning and meticulous preparation, ensuring your new property is move-in ready. We handle every detail, so you can focus on settling in and enjoying your new space.
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8X specializes in the acquisition and disposition of real estate assets including single family homes, downtown condominiums, retail, office and apartment properties, as well as land with development potential.
