There were 260 single-family homes sold in the VIREB (Vancouver Island Real Estate Board) area in February 2020, up 15% compared to the same month last year. Sales volume of single-family homes increased by 49% from January to February 2020. The number of condo units sold in February decreased by 19% from 2019 to 2020. Townhome units sold decreased 10% in the same time period.
Inventory rose for single-family homes and condominium properties while dropping for townhomes. There were 1,069 available single-family properties at the end of February, 8% up from the same month last year. Condos were up 37% with 358 units on the market and townhomes were down 11% to 144 listings.
Board-wide Benchmark price for single-family homes was up 3% from February
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