INFOGRAPHICS: January 2022 VIREB Vancouver Island Market Reports

NEW YEAR BRINGS SMALL INVENTORY BUMP

The new year brought a small inventory bump, but demand is still far outpacing supply in
the Vancouver Island Real Estate Board (VIREB) area.
Active listings of single-family homes were 39 per cent lower last month than the previous January but rose by 15 per cent from December 2021. VIREB’s inventory of condo apartments declined by 49 per cent from one year ago but increased by 61 per cent from the previous month. Row/townhouse inventory dropped by 31 per cent year over year but was 18 per cent higher than in December.

By category, 220 single-family homes sold on the MLS® System in January, a 22 per cent decrease from one year ago. There were 91 condo apartment sales last month compared to 87 one year ago and 75 the previous month. In the row/townhouse category, 61 units sold in January compared to 77 one year ago and 50 in December 2021.

Read the full report on VIREB website!

The following data is a comparison between January 2022 and January 2021 numbers, and is current as of February 2022. Click here to check out last month’s infographics.

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