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