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