INFOGRAPHICS: November 2023 VIREB Vancouver Island Market Reports

HOUSING MARKET WINDING DOWN TO YEAR END ON A SLOW NOTE

Last month, there were 236 sales of single-family homes in the Vancouver Island Real Estate Board (VIREB) area, down two per cent from last November and three per cent from October. Sales of condo apartments in November came in at 56, increasing by four per cent
year over year and down seven per cent from October. In the row/townhouse category, 50 units changed hands last month, an increase of nine per cent from one year ago and down 14 per cent from October 2022.

Active listings of single-family homes were 1,040 in November, down from 1,195 one year ago. VIREB’s inventory of condo apartments was 285 last month, one more than in November 2022. There were 282 row/townhouses for sale last month compared to 266 one year ago.

“November didn’t hold any surprises,” says Kelly O’Dwyer, 2023 Chair. “As we get closer to Christmas, the market usually slows down considerably.”

Read the full report on VIREB website!

The following data is a comparison between November 2023 and November 2022 numbers, and is current as of December 2023. Click here to check out last month’s infographics.

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