Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – December 2017

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

Greater Victoria

In December 2017, there were 202 sales of single family homes and 403 active listings in the Greater Victoria. The benchmark sale price was $692,800 with an average days on market of 37. The hottest market for sales was Langford with 35 sales. There were also 9 sales and 87 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 136 sales, 206 active listings at the end of the month.  The benchmark sale price was $445,000 with an average days on market of 27. The hottest market for sales was Victoria, 62 sales.

Townhome sales were 41, active listings were 98 and the benchmark sale price was $565,400. The average days on market were 34, and the hottest market was Langford with 13 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_December2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – November 2017

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

Greater Victoria

In November 2017, there were 277 sales of single family homes and 566 active listings in the Greater Victoria. The benchmark sale price was $693,200 with an average days on market of 31. The hottest market for sales was Langford with 61 sales. There were also 16 sales and 111 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 220 sales, 266 active listings at the end of the month.  The benchmark sale price was $437,600 with an average days on market of 28. The hottest market for sales was Victoria, 81 sales.

Townhome sales were 52, active listings were 106 and the benchmark sale price was $561,200. The average days on market were 26, and the hottest market was Victoria with 10 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_November2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – October 2017

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

Greater Victoria

In October 2017, there were 281 sales of single family homes and 599 active listings in the Greater Victoria. The benchmark sale price was $690,000 with an average days on market of 32. The hottest market for sales was Sannich East with 57 sales. There were also 10 sales and 120 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 213 sales, 331 active listings at the end of the month.  The benchmark sale price was $437,800 with an average days on market of 29. The hottest market for sales was Victoria, 83 sales.

Townhome sales were 70, active listings were 104 and the benchmark sale price was $562,000. The average days on market were 23, and the hottest market was Victoria with 17 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_October2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – September 2017

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

Greater Victoria

In September 2017, there were 259 sales of single family homes and 647 active listings in the Greater Victoria. The benchmark sale price was $692,800 with an average days on market of 33. The hottest market for sales was Sannich East with 63 sales. There were also 18 sales and 122 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 214 sales, 322 active listings at the end of the month.  The benchmark sale price was $436,800 with an average days on market of 25. The hottest market for sales was Victoria, 92 sales.

Townhome sales were 57, active listings were 111 and the benchmark sale price was $555,200. The average days on market were 27, and the hottest market was Saanich East with 15 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_September2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – August 2017

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

Greater Victoria

In August 2017, there were 314 sales of single family homes and 585 active listings in the Greater Victoria. The benchmark sale price was $694,500 with an average days on market of 30. The hottest market for sales was Sannich East with 62 sales. There were also 24 sales and 145 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 206 sales, 328 active listings at the end of the month.  The benchmark sale price was $435,200 with an average days on market of 22. The hottest market for sales was Victoria, 75 sales.

Townhome sales were 78, active listings were 90 and the benchmark sale price was $554,400. The average days on market were 21, and the hottest market was Langford with 13 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_August2017_Victoria

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Active Victoria Real Estate Listings Slide Below 2,000 Mark | Times Colonist

  • vka-sold-1681-jpg
    The median sale price of a single-family home in the capital region was $759,000 last month, a 14.3 per cent increase from the $664,000 recorded in July last year. Photograph By BRUCE STOTESBURY, Times Colonist
  • 0802-realestate-jpg
    Strong sellers' market continues in Victoria Photograph By Times Colonist

With less than 2,000 active listings, Victoria’s real estate market remains firmly weighted in favour of the seller, according to data released Tuesday by the Victoria Real Estate Board.

There were 1,921 active listings at the end of last month, a drop from the 2,161 on the market in July 2016, which led to sellers getting excellent prices for their homes.

The median sale price of a single-family home in the region was $759,000 last month, a 14.3 per cent increase from the $664,000 recorded in July last year.

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – July 2017

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

Greater Victoria

In July 2017, there were 323 sales of single family homes and 640 active listings in the Greater Victoria. The benchmark sale price was $700,800 with an average days on market of 27. The hottest market for sales was Sannich East with 68 sales. There were also 30 sales and 163 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 243 sales, 269 active listings at the end of the month.  The benchmark sale price was $433,200 with an average days on market of 23. The hottest market for sales was Victoria, 88 sales.

Townhome sales were 80, active listings were 93 and the benchmark sale price was $542,200. The average days on market were 22, and the hottest market was Langford with 22 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_July2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – June 2017

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

Greater Victoria

In June 2017, there were 458 sales of single family homes and 613 active listings in the Greater Victoria. The benchmark sale price was $691,100 with an average days on market of 22. The hottest market for sales was Langford with 96 sales. There were also 28 sales and 171 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 307 sales, 281 active listings at the end of the month.  The benchmark sale price was $420,900 with an average days on market of 21 The hottest market for sales was Victoria, 109 sales.

Townhome sales were 90, active listings were 80 and the benchmark sale price was $543,600. The average days on market were 17, and the hottest market was Saanich East with 23 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_June2017_Victoria

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Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – May 2017

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

Greater Victoria

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.

MarketHotSheet_May2017_Victoria

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Victoria ranked second in world for luxury real estate | CHEK News

A new report from Christie’s International lists Victoria as the second hottest luxury real estate market in the world.

When you think of a luxury home you probably picture a house on the ocean, or a large estate, but with the Victoria real estate market booming, the face of luxury is changing.

One townhouse in Oak Bay Village is about to go on the market for just over a million dollars.

“If this was a single family home we’d be talking about a much different number especially in today’s market,” said Jordy Harris, a realtor with Newport Realty.

Home prices, especially in desirable neighbourhoods like this one, have gone up.

“In the last three years has gone up by about 40 to 50 per cent,” said Ara Balabanian, President of the Victoria Real Estate Board.

And that may be why a new report from Christie’s International lists Victoria as the second hottest luxury market in the world, behind Toronto, and just ahead of San Francisco.

“Luxury can be something that is just over a million, and I say that with some respect, but our prices have risen to that point,” said Jack Petrie, Managing Partner of Newport Realty, a Christie’s International real estate firm.

While 2016 saw a big increase in homes that sold for a million or over, only a handful went above three million.

“We had approximately 16 homes in 2015, we had 20 homes sell in 2016,” said Balabanian.

The report lists offshore buyers, put off by Vancouver’s new foreign buyers tax, as one of the driving factors for the luxury sales boom, but local realtors aren’t seeing it.

“It’s not as if there was a sudden floodgate where all those buyers, foreign buyers, looking to buy in Vancouver, came over here, it just didn’t happen like that,” said Harris.

“It’s still a small component of the marketplace, it’s somewhere around 5 per cent,” said Balabanian.

They say the largest segment of home buyers remains locals, followed by those from elsewhere in Canada.

But if prices continue to soar, “luxury” may need to be re-defined.


The article was originally posted on CHEK News, May 10, 2017. Written by April Lawrence.