Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in May 2016.
In May 2016, there were 597 sales of single family homes and 628 active listings in Greater Victoria. The benchmark sale price was $584,700 with an average days on market of 29. The hottest market for sales was Saanich East with 125 sales. There were also 42 sales and 192 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 379 sales, 459 active listings at the end of the month. The benchmark sale price was $332,900 with an average days on market of 32. The hottest market for sales was Victoria, 142 sales.
Townhome sales were 126, active listings were 132 and the benchmark sale price was $457,000. The average days on market were 39, and the hottest markets were Victoria and Langford with 28 sales each.
Listings are down. Sales are up. It’s a seller’s market.