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