Greater Victoria
Weighing
in on the best April since 2010, Shelley Mann, President of the Victoria Real
Estate Board, is cautiously optimistic that the Greater Victoria is back into a
balanced market.
Prices
remained relatively flat, as predicted by Cameron Muir, Chief Economist of the
BC Real Estate Association. There were 367 single family homes sold in April at
a median price of $540,000, a 16% increase of homes sold over April 2012.
Condominium sales were 149 at a median price of $265,000 and with 62 townhomes
sold at a median price of $415,450. There are 4,585 active listings.
Weighing
in on the best April since 2010, Shelley Mann, President of the Victoria Real
Estate Board, is cautiously optimistic that the Greater Victoria is back into a
balanced market.
"Consumer
confidence is increasing," Mann says. "Our total number of sales for
April is 615, a 5% increase compared to April 2012 with 586 sales. On the
residential side, more properties are selling, and slightly fewer are entering
the market, so we are moving from a buyers' market to more balanced market
conditions."
Mann's
cautions that one month doesn't indicate a market trend, but is encouraged by
increased showings by REALTORS®, the number of sales, and comments from other
REALTORS® about multiple offers on properties.
Prices
remained relatively flat, as predicted by Cameron Muir, Chief Economist of the
BC Real Estate Association. There were 367 single family homes sold in April at
a median price of $540,000, a 16% increase of homes sold over April 2012.
Condominium sales were 149 at a median price of $265,000 and with 62 townhomes
sold at a median price of $415,450. There are 4,585 active listings.
Total Waterfront Single Family Dwellings sold: 15, up 2 over April 2012
Total Non-waterfront Single Family Dwellings sold: 352, up 36 over April
2012
Single Family Dwellings sold over $1 million: 30 (5 over $2 million)
Stats Quick Reference
Summary Report and Graphs
