Greater Victoria, Parksville and Nanaimo Real Estate Market Statistics – September 2018

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in September 2018.

Greater Victoria

In September 2018, there were 222 sales of single family homes and 951 active listings in Greater Victoria. The benchmark sale price was $768,000 with an average days on market of 46. The hottest markets for sales was Saanich East with 46 sales. There were also 20 sales and 160 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 149 sales and 413 active listings at the end of the month. The benchmark sale price was $495,000 with an average days on market of 33. The hottest market for sales was Victoria, 59 sales.

Townhome sales were 59, active listings were 220 and the benchmark sale price was $586,000. The average days on market were 43, and the hottest market was Langford with 16 sales.

It’s a seller’s market for Condos & Townhomes.

MarketHotSheet_September_2018_Victoria

Parksville/Qualicum
MarketHotSheet_September_2018_ParksvilleQualicum

Nanaimo

MarketHotSheet_September_2018_Nanaimo

Looking for more information about the real estate market in specific neighbourhoods in Victoria, Parksville, Nanaimo, Vancouver Island and the Gulf Islands? 

Macdonald Realty has offices in downtown Victoria, Sidney, Parksville and on Salt Spring Island. Please email macrealty@macrealty.com or call 1-877-278-3888 to be matched with a REALTOR® working in your area.

MLS® Home Price Index (HPI) Benchmark Price

 Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.

This blog post is based on market data provided by the Victoria Real Estate Board (VREB) www.vreb.org and the Vancouver Island Real Estate Board (VIREB) www.vireb.com. Market data from the VIREB includes listings and sales in Campbell River, Comox Valley, Cowichan Valley Nanaimo, Parksville/Qualicum, Port Alberni/West, North Island, and the Islands.