INFOGRAPHICS: September 2024 VIREB Vancouver Island Market Reports

SPRING MARKET ARRIVES IN THE FALL

The Vancouver Island Real Estate Board (VIREB) recorded 637 unit sales and 4,465 active listings (all property types) board-wide on the MLS® System in September 2024, up 16 per cent
and 24 per cent, respectively. In the single-family category (excluding acreage and waterfront), 320
homes sold in September, up 22 per cent from one year ago and down four per cent from August. Sales
of condo apartments last month came in at 69, decreasing by 19 per cent year over year and one per
cent from August. In the row/townhouse category, 93 units changed hands in September, up 31 per cent
from one year ago and 35 per cent from August.

Active listings of single-family homes were 1,586 in September, up from the 1,173 posted one year ago. VIREB’s inventory of condo apartments was 410 last month, up from 305 in September 2023. There were
335 row/townhouses for sale last month compared to 239 the previous year.

With active listings at their highest level in five years, slowing inflation, and recent rate cuts, it’s an
excellent time to buy. This advice holds particularly true for condo apartments and row/townhouses; the
single-family market has been somewhat stagnant lately.
Read the full report on VIREB website!

The following data is a comparison between September 2024 and September 2023 numbers, and is current as of October 2024. Click here to check out last month’s infographics.

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