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