A total of 545 properties changed hands last month, down 16.2 per cent from July
August real estate sales numbers slumped when compared with July, reflecting a typical end-of-summer slow period.Total sales in August were virtually flat compared with the same month in 2023, when 544 sales were recorded.
“Many folks pause their home shopping activities or pause their sales listing to make the most of other summer activities and vacations. The benchmark value for a single-family home in the Victoria core last month slid to $1.28 million from $1.33 million in August of 2023. The single-family benchmark for July of this year was $1.26 million, the board said. The core is defined as Victoria, Saanich, Oak Bay, Esquimalt and View Royal.
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