Homes and Condos for sale in Downtown victoria

The rapidly expanding hub on Vancouver Island

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What makes it special?

Depending on what part of the city you find yourself in, you will constantly be reminded of the wonderful history that built the Capital City.  From the Inner Harbour’s iconic Parliament Buildings and Empress Hotel, to the narrow alleyways of the Oldest Chinatown in Canada, you will find your new favorite coffee shop, shopping, or friend, right around the corner.

Growth

In the last 5 years there has been an onslaught of condo development in Downtown Victoria. There are lots of great options, with sleek new builds on every block

Access

Bustling streets, eclectic music and arts, and an incredible array of restaurants, cafes, and bars; Victoria’s downtown has it all and it’s all within walking distance

Community

Want to meet new people? Experience new cultures? Growth in Victoria’s downtown also means an influx of new people that also want to experience the city 

 

everything at your doorstep

 

Is it possible to have too much of a good thing? In this case it’s tough to say that more great food, great people, and great experiences are too much. Victoria’s downtown condos and homes offer it all. 

Sales (past decade)

Sales (2020)

New Listings (Past Decade)

New Listings (2020)

RECENT HISTORY

There has been astonishing growth in the value of condominiums and strata properties in Downtown Victoria over the last 5 years. Prices have gone flat in 2020 as a consequence of healthier inventory.

Increasing demand for more affordable properties has caused buyers to turn their attention to strata properties as alternatives to traditional single family homes. In 2014, the average sale price of a condo in Downtown Victoria was $341,864. In 2019 the average sale price was $502,592. This lift was also supported by the growth and development of newer buildings. As 2020 has unfolded, we now have more active condo inventory than we have had in the last 10 years. Sales have increased month by month in 2020 but should activity dip into the fall there will be some downward pressure on prices.

  • Sales to New Listings Ratio in 2019 – 58%
  • sale price to list price ratio – 97.9%
  • Sale price to original price ratio – 97.3%

For property evaluations, market trends, and other insights.

Connect

Phone
+1 250 889 9060

Email
alex.carroll@engelvoelkers.com

Mail
735 Humboldt Street, Victoria BC
V8W 1B1

 

Alex Carroll PREC*

Personal Real Estate Corporation*

Assisting Home Buyers and Sellers in Residential Real Estate in Victoria BC

Vancouver Island

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