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