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! 🙂 )