INFOGRAPHICS: July 2020 VIREB Vancouver Island Market Reports
VIREB’s housing market continues to recover from the COVID-19 downturn seen in April and part of May.
A total of 892 units sold in July 2020, down 4% from the 931 sales posted in July 2019. Breaking down those sales by category, 574 single-family detached properties sold on the MLS® System last month compared to 573 in June 2020 and 554 in July 2019. Sales of condo apartments dipped by 14% year over year while row/townhouse sales dropped by 16%.
The benchmark price of a single-family home board-wide was $545,700 in July, an increase of 6% from the previous year and 2% higher than in June. In the apartment category, the year-over-year benchmark price rose by 4%, hitting $312,800 and up marginally from June. The benchmark price of a townhouse in July rose by 4% year over year, climbing to $425,800 but down slightly from June.
The following data is a comparison between July 2019 and July 2020 numbers, and is current as of August 2020. Click here to check out last month’s infographics.
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! 🙂 )