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http://www.lornetuplin.com/blogs/lorne__tuplin/default.aspx
Saturday, November 11, 2006
Thursday, November 02, 2006
Start of Fall Marked by Strong Real Estate Sales
Victoria Real Estate Board President, Scott Kendrew, says the shift we have been seeing in recent months towards a more balanced market is continuing. "The strong sales last month show there is ongoing confidence and demand in the market while buyers now have lots to choose from." Kendrew noted that there will always be month to month fluctuations in prices but overall prices have increased modestly this year. "The six-month average price for single family homes has risen just over six percent since the beginning of the year. The six month average for condominiums has risen 10 percent during this period while the six month average for townhomes has risen three percent."
The average price for single family homes in Greater Victoria last month was $523,677; the average for the last six-months was $524,017. The median was lower at $450,500. The average price for all condominiums sold in October was $272,224; the average for the last six months was $287,079. The median was again lower at $252,500. The average price for townhomes last month was $351,663; the average for the last six months was $361,476. The median was $335,000.
MLS® sales last month included 349 single family homes, 144 condominiums, 52 townhomes and 10 manufactured homes.
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