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

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

Greater Victoria

In July 2018, there were 285 sales of single family homes and 926 active listings in the Greater Victoria. The benchmark sale price was $741,000 with an average days on market of 36. The hottest markets for sales were Saanich East and Langford with 60 and 48 sales respectively. There were also 15 sales and 180 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 188 sales, 420 active listings at the end of the month.  The benchmark sale price was $485,200 with an average days on market of 32. The hottest market for sales was Victoria, 70 sales.

Townhome sales were 67, active listings were 192 and the benchmark sale price was $586,100. The average days on market were 42, and the hottest market was Langford with 19 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_July_Victoria

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

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

Greater Victoria

In January 2018, there were 175 sales of single family homes and 429 active listings in the Greater Victoria. The benchmark sale price was $702,200 with an average days on market of 42. The hottest market for sales was Langford with 32 sales. There were also 12 sales and 90 active listings at the end of the month for waterfront homes.

In comparison, the Condo market had 118 sales, 229 active listings at the end of the month.  The benchmark sale price was $450,600 with an average days on market of 23. The hottest market for sales was Victoria, 43 sales.

Townhome sales were 62, active listings were 94 and the benchmark sale price was $567,400. The average days on market were 46, and the hottest market was Langford with 17 sales.

It’s a seller’s market in Victoria.

MarketHotSheet_January2018_GreaterVictoria

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MoneySense names top 5 Victoria neighbourhoods to buy real estate

No. 1 wins for scenic views and proximity to downtown.

moneysensevictoriaIn April 2017 MoneySense.ca  selected their top Victoria neighbourhoods to buy real estate.

By the end of last year, the benchmark price had grown almost 24% for a single-family home in the Victoria area. According to Victoria’s Real Estate Board, this spike in sales price is due, in part, to dwindling listings. Listings were down 41%, when compared to 2015, even as the number of sales last year broke new records for this west coast city. As a result, buyers looking for a home in the Greater Victoria Area are beginning to look further afield.  Read the rest of the article here. 

We’ve rounded up homes for sale in each of these Where to Buy neighbourhoods to make it easy for you.

The top 5 Victoria neighbourhoods for buyers, according to MoneySense are:

  1. Sidney South-East, Sidney

  2. Saxe Point, Esquimalt

  3. Sidney North-East, Sidney

  4. Estevan, Oak Bay

  5. Uplands, Oak Bay

To view all active listings currently for sale in one of these areas simply click the neighbourhood links above or call our head office at 1-877-278-3888 to be matched to an expert real estate agent in your area.