Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – May 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in May 2017.

Greater Victoria

In May 2017, there were 437 sales of single family homes and 593 active listings in the Greater Victoria. The benchmark sale price was $681,800 with an average days on market of 20. The hottest market for sales was Saanich East with 101 sales. There were also 21 sales and 159 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 287 sales, 319 active listings at the end of the month.  The benchmark sale price was $417,500 with an average days on market of 19. The hottest market for sales was Victoria, 106 sales.

Townhome sales were 120, active listings were 75 and the benchmark sale price was $553,800. The average days on market were 20, and the hottest market was Langford with 30 sales each.

It’s a seller’s market in Victoria.

MarketHotSheet_May2017_Victoria

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Victoria ranked second in world for luxury real estate | CHEK News

A new report from Christie’s International lists Victoria as the second hottest luxury real estate market in the world.

When you think of a luxury home you probably picture a house on the ocean, or a large estate, but with the Victoria real estate market booming, the face of luxury is changing.

One townhouse in Oak Bay Village is about to go on the market for just over a million dollars.

“If this was a single family home we’d be talking about a much different number especially in today’s market,” said Jordy Harris, a realtor with Newport Realty.

Home prices, especially in desirable neighbourhoods like this one, have gone up.

“In the last three years has gone up by about 40 to 50 per cent,” said Ara Balabanian, President of the Victoria Real Estate Board.

And that may be why a new report from Christie’s International lists Victoria as the second hottest luxury market in the world, behind Toronto, and just ahead of San Francisco.

“Luxury can be something that is just over a million, and I say that with some respect, but our prices have risen to that point,” said Jack Petrie, Managing Partner of Newport Realty, a Christie’s International real estate firm.

While 2016 saw a big increase in homes that sold for a million or over, only a handful went above three million.

“We had approximately 16 homes in 2015, we had 20 homes sell in 2016,” said Balabanian.

The report lists offshore buyers, put off by Vancouver’s new foreign buyers tax, as one of the driving factors for the luxury sales boom, but local realtors aren’t seeing it.

“It’s not as if there was a sudden floodgate where all those buyers, foreign buyers, looking to buy in Vancouver, came over here, it just didn’t happen like that,” said Harris.

“It’s still a small component of the marketplace, it’s somewhere around 5 per cent,” said Balabanian.

They say the largest segment of home buyers remains locals, followed by those from elsewhere in Canada.

But if prices continue to soar, “luxury” may need to be re-defined.


The article was originally posted on CHEK News, May 10, 2017. Written by April Lawrence.

Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2017.

Greater Victoria

In April 2017, there were 382 sales of single family homes and 509 active listings in the Greater Victoria. The benchmark sale price was $663,500 with an average days on market of 21. The hottest market for sales was Langford with 69 sales. There were also 26 sales and 131 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 287 sales, 291 active listings at the end of the month.  The benchmark sale price was $408,600 with an average days on market of 20. The hottest market for sales was Victoria, 109 sales.

Townhome sales were 82, active listings were 74 and the benchmark sale price was $529,200. The average days on market were 23, and the hottest market was Langford with 15 sales each.

It’s a seller’s market in Victoria.

MarketHotSheet_April2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – March 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in March 2017.

Greater Victoria

In March 2017, there were 396 sales of single family homes and 418 active listings in the Greater Victoria. The benchmark sale price was $652,700 with an average days on market of 25. The hottest market for sales was Saanich East with 80 sales. There were also 21 sales and 117 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 294 sales, 265 active listings at the end of the month.  The benchmark sale price was $399,900 with an average days on market of 16. The hottest market for sales was Victoria, 103 sales.

Townhome sales were 76, active listings were 71 and the benchmark sale price was $513,300. The average days on market were 20, and the hottest markets were Victoria and Langford with 14 sales each.

It’s a seller’s market in Victoria.

MarketHotSheet_March2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – February 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in February 2017.

Greater Victoria

In February 2017, there were 283 sales of single family homes and 396 active listings in the Greater Victoria. The benchmark sale price was $642,300 with an average days on market of 34. The hottest market for sales was Langford with 66 sales. There were also 22 sales and 114 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 206 sales, 229 active listings at the end of the month.  The benchmark sale price was $386,200 with an average days on market of 24. The hottest market for sales was Victoria, 98 sales.

Townhome sales were 71, active listings were 64 and the benchmark sale price was $515,600. The average days on market were 30, and the hottest market was Langford with 15 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_February2017_Victoria

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Macdonald Realty listings get extra exposure on international website LeadingRE.com

PrintMacdonald Realty offers consumers an easy way to search home listings and identify top real estate firms in markets worldwide through its participation in the new LeadingRE.com.

The site also brings global exposure for our BC real estate listings and provides consumer resources, such as cost of living comparisons, school information, recent home sales and other local resources and statistics. LeadingRE.com can be accessed via macrealty.com by clicking the Global Home Search logo on the homepage.

“LeadingRE.com now provides home buyers and sellers an easy way to identify the top-performing real estate companies in a given market by searching over 400,000 member listings or by using our comprehensive member directory,” notes Leading Real Estate Companies of the World Director of Strategic Development Rhett Damon. “Our network linking strategy connects many of our high-traffic member sites to LeadingRE.com’s national or global search, providing valuable listing exposure to home sellers.”

LeadingRE-homepage-2017

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For more information about Macdonald Realty and our LeadingRE partnership please email macrealty@macrealty.com or call 1-877-278-3888.  Looking to buy or sell, locally or globally?  Allow us to make a quality introduction to be matched with an independent brokerage and REALTOR® working in your area.

Greater Victoria and Vancouver Island Real Estate Market Statistics – January 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in January 2017.

Greater Victoria

In January 2017, there were 184 sales of single family homes and 382 active listings in the Greater Victoria. The benchmark sale price was $636,100 with an average days on market of 34. The hottest market for sales was Langford with 45 sales. There were also 9 sales and 128 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 170 sales, 203 active listings at the end of the month.  The benchmark sale price was $377,900 with an average days on market of 34. The hottest market for sales was Victoria, 34 sales.

Townhome sales were 43, active listings were 65 and the benchmark sale price was $509,500. The average days on market were 47, and the hottest market was Langford with 11 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_January2017_Victoria

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Quality | Connections | Independence

PrintMacdonald Realty is a member of Leading Real Estate Companies of the World™, a global community of real estate companies awarded membership based on rigorous standards for service and performance.

This LeadingRE distinction ensures that you can count on a quality real estate experience when working with us and will benefit from our global connections to buyers and high quality real estate professionals around the world.

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Greater Victoria and Vancouver Island Real Estate Market Statistics – December 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in December 2016.

Greater Victoria

In December 2016, there were 199 sales of single family homes and 344 active listings in the Greater Victoria. The benchmark sale price was $625,600 with an average days on market of 36. The hottest market for sales was Langford with 43 sales. There were also 8 sales and 132 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 141 sales, 186 active listings at the end of the month.  The benchmark sale price was $373,700 with an average days on market of 31. The hottest market for sales was Victoria, 40 sales.

Townhome sales were 35, active listings were 65 and the benchmark sale price was $502,200. The average days on market were 30, and the hottest market was Langford with 8 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_Dec2016_Victoria

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Greater Victoria and Vancouver Island Real Estate Market Statistics – November 2016

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in November 2016.

Greater Victoria

In November 2016, there were 264 sales of single family homes and 458 active listings in the Greater Victoria. The benchmark sale price was $620,100 with an average days on market of 30. The hottest market for sales was Langford with 50 sales. There were also 25 sales and 138 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 170 sales, 255 active listings at the end of the month.  The benchmark sale price was $371,300 with an average days on market of 33. The hottest market for sales was Victoria, 73 sales.

Townhome sales were 56, active listings were 80 and the benchmark sale price was $501,300. The average days on market were 29, and the hottest market was Langford with 10 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_November2016_Victoria

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