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The number of
sales of homes and other properties in the Greater Victoria area
moderated in February. There were 619 sales through the Victoria
Real Estate Board’s Multiple Listing Service® (MLS®) in February,
down from the 707 sales in the same month a year ago. There were 464
sales in January.
Victoria Real Estate Board President, Tony Joe,
says the market continues to be well-balanced with strong demand for
homes that are realistically priced coupled with a growing selection
of available properties for sale. "The total number of properties
available for sale rose to 3,311 in February - a 13 per cent
increase over February of last year," noted Joe. Last month over 27
per cent of single family homes sold for under $450,000 while nearly
37 per cent of condominiums sold for under $275,000. At the higher
end of the market, Joe noted that there were nine sales in Greater
Victoria and one sale on the Gulf Islands of over $1 million.
The average
price of single family homes sold in February in Greater Victoria
was $587,295; the median price was lower at $543,500. The six-month
average for single family homes was $588,826. The average price of
all condominiums sold in February was $333,408; the average for the
last six months was $334,577. The median was again lower at
$299,450. The average price of all townhomes sold last month was
$422,607; the six month average was $426,685. The median price was
$395,000.
MLS® sales last month
included 316 single family homes, 177 condominiums, 73 townhomes and
13 manufactured homes. |
