A total of 545 properties sold in the Victoria Real Estate Board region this August, 0.2 per cent more than the 544 properties sold in August 2023 and a 16.5 per cent decrease from July 2024. Sales of condominiums were up 10.4 per cent from August 2023 with 181 units sold. Sales of single family homes decreased by 7.7 per cent from August 2023 with 252 sold.

“The final month of the summer is generally a rather relaxed one in terms of real estate sales and listings,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “Many folks pause their home shopping activities or pause their sales listing to make the most of other summer activities and vacations. It’s no surprise that sales this year were so close to the sales from 2023 and that listings declined slightly from the number we saw in July.”

There were 3,191 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of August 2024, a decrease of 4.7 per cent compared to the previous month of July and a 28.2 per cent increase from the 2,490 active listings for sale at the end of August 2023.

“It’s likely our market will trend a bit busier in the upcoming fall months,” adds Chair Lidstone. “In September people return their attention to work and school and to bigger projects like making a move. Week by week into the fall our market will evolve so if you are considering listing or buying a home in the Victoria area, connect with your favourite local REALTOR® to help develop your best real estate strategy.”

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in August 2023 was $1,327,800. The benchmark value for the same home in August 2024 decreased by 3 per cent to $1,287,400, down from July’s value of $1,296,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in August 2023 was $575,900 while the benchmark value for the same condominium in August 2024 decreased by 2.9 per cent to $559,200, down from the July value of $567,800.

As the vibrant days of summer give way to the cool embrace of fall, it's time to prepare your home for the changing season. Fall is a time of transition, and preparing your home can ensure it remains comfortable, energy-efficient, and ready for the colder months ahead. Here are some steps to take to prepare your home for fall.

1. Inspect and Clean Your Heating System

One of the most important tasks to prepare for fall is to ensure your heating system is working and ready to endure the season ahead. Before the cold weather sets in, have a professional inspect your furnace, heat pump, or boiler. This inspection should include checking for any leaks, cracks, or other issues that could affect the system's efficiency. Changing the air filters is also essential to ensure your heating system runs smoothly and efficiently. A clean filter improves air quality and helps the system run more effectively, saving energy and lowering utility bills. 

2. Clean Eavestroughs and Downspouts

Falling leaves are a hallmark of autumn, but they can also clog eavestroughs and downspouts, leading to potential water damage. Take the time to clean out your eavestroughs and ensure downspouts are clear of debris. Clogged gutters can cause water to overflow and damage your roof, siding, and foundation. Ensure that water is directed away from your home to prevent water from pooling around the foundation, which can lead to basement leaks or other structural issues. Installing eavestrough guards is also a great idea to help keep debris out and reduce the frequency of cleaning.

3. Prepare Your Lawn and Garden

As you prepare your home for fall, don't forget about your lawn and garden. Rake up fallen leaves to prevent them from suffocating your grass and creating brown patches. Fall is also the perfect time to aerate your lawn, which helps improve soil health and allows water, nutrients, and air to reach the grass roots more effectively. 

4. Test Smoke and Carbon Monoxide

With the increased use of heating systems in the fall, it's crucial to ensure your smoke and carbon monoxide detectors are in working order. Test each device and replace batteries if needed. This is also an excellent time to review your family's emergency plan and ensure everyone knows what to do in case of a fire or carbon monoxide leak. Safety should always be a priority when preparing your home for the season.

5. Transition Your Home Decor

Finally, preparing your home for fall isn't just about maintenance — it's also a time to transition your décor to reflect the season's warmth and coziness. Consider adding throws, cushions, and area rugs in rich, warm tones like burgundy, gold, and orange. Swap out lightweight summer bedding for heavier blankets or duvets to keep warm during cooler nights. Scented candles in autumnal scents like cinnamon, apple, and pumpkin spice can also help create a cozy and inviting atmosphere in your home.

By taking these steps to prepare your home for fall, you can ensure it remains comfortable, energy-efficient, and safe throughout the season. Taking proactive measures now can help you avoid potential issues and allow you to enjoy the beauty and comfort of fall to the fullest.