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

[Read more…]

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

[Read more…]

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

[Read more…]

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

[Read more…]

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

[Read more…]

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

[Read more…]

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

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

Greater Victoria

In April 2017, there were 382 sales of single family homes and 509 active listings in the Greater Victoria. The benchmark sale price was $663,500 with an average days on market of 21. The hottest market for sales was Langford with 69 sales. There were also 26 sales and 131 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 287 sales, 291 active listings at the end of the month.  The benchmark sale price was $408,600 with an average days on market of 20. The hottest market for sales was Victoria, 109 sales.

Townhome sales were 82, active listings were 74 and the benchmark sale price was $529,200. The average days on market were 23, and the hottest market was Langford with 15 sales each.

It’s a seller’s market in Victoria.

MarketHotSheet_April2017_Victoria

[Read more…]

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

[Read more…]

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

[Read more…]

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.

—–

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

[Read more…]

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.

[Read more…]