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