Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in May 2018.
In May 2018, there were 333 sales of single family homes and 803 active listings in the Greater Victoria. The benchmark sale price was $738,500 with an average days on market of 26. The hottest markets for sales were Saanich East and Langford with 67 and 52 sales respectively. There were also 21 sales and 60 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 237 sales, 445 active listings at the end of the month. The benchmark sale price was $485,600 with an average days on market of 24. The hottest market for sales was Victoria, 93 sales.
Townhome sales were 72, active listings were 165 and the benchmark sale price was $592,300. The average days on market were 22, and the hottest market was Langford with 20 sales.
It’s a seller’s market in Victoria.