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

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

Greater Victoria

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.

MarketHotSheet_March2017_Victoria

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

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

Greater Victoria

In February 2017, there were 283 sales of single family homes and 396 active listings in the Greater Victoria. The benchmark sale price was $642,300 with an average days on market of 34. The hottest market for sales was Langford with 66 sales. There were also 22 sales and 114 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 206 sales, 229 active listings at the end of the month.  The benchmark sale price was $386,200 with an average days on market of 24. The hottest market for sales was Victoria, 98 sales.

Townhome sales were 71, active listings were 64 and the benchmark sale price was $515,600. The average days on market were 30, and the hottest market was Langford with 15 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_February2017_Victoria

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Greater Victoria Real Estate Market Statistics – February 2016

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

Greater Victoria

In February 2016, there were 378 sales of single family homes and 659 active listings in Greater Victoria. The benchmark sale price was $537,200 with an average days on market of 39. The hottest market for sales was Saanich East with 86 sales followed by Langford with 59 sales. There were also 21 sales and 177 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 207 sales, 504 active listings at the end of the month. The benchmark sale price was $312,200 with an average days on market of 55. The hottest market for sales was Victoria, 89 sales.

Townhome sales were 66, active listings were 182 and the benchmark sale price was $428,300. The average days on market were 60, and the hottest markets were View Royal and Central Saanich, 9 sales each.

Listings are down. Sales are up. It’s a seller’s market.

Feb2016_Victoria

 

The following is the summary of Vancouver Island market:

Feb2016_VanIsland

 

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

Macdonald Realty has offices in downtown VictoriaSidneyParksville 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.

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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.

Victoria Real Estate Market Statistics – January 2016

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

Greater Victoria

In January 2015, there were 225 sales of single family homes and 607 active listings in Greater Victoria. The benchmark sale price was $524,000 with an average days on market of 53. The hottest market for sales was Saanich East with 49 sales followed by Langford with 35 sales. There were also 13 sales and 150 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 151 sales, 511 active listings at the end of the month. The benchmark sale price was $302,900 with an average days on market of 70. The hottest market for sales was Victoria, 56 sales.

Townhome sales were 58, active listings were 172 and the benchmark sale price was $425,100. The average days on market were 68, and the hottest market was Saanich East with 9 sales.

Listings are down. Sales are up. It’s a seller’s market.

Jan2016_Victoria

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Victoria Real Estate Market Statistics – December 2015

Here are the latest real estate market statistics from Macdonald Realty on Vancouver Island and Greater Victoria listings and sales in December 2015.

Greater Victoria

In December 2015, there were 209 sales of detached homes and 578 active listings in Greater Victoria. The benchmark sale price was $521,100 with an average days on market of 58. The hottest market for sales was Langford with 46 sales. There were also 19 sales and 161 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 114 sales, 499 active listings at the end of the month. The benchmark sale price was $305,000 with an average days on market of 64. The hottest market for sales was Victoria, 49 sales.

Townhome sales were 46, 189 active listings and the benchmark sale price was $419,100. The average days on market were 85, and the hottest market was Victoria with 8 sales.

Listings are down. Sales are up. It’s a seller’s market.

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