Real estate sales remained strong throughout the Greater Victoria area in April while the sale of 28 single family homes over $1 million pushed the average price to a new record high. There were 898 sales through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®) in April, up 15% from the 780 sales in the same month a year ago. There were 833 sales in March of this year. Victoria Real Estate Board President, Bev McIvor, says the new record average price of $568,710 in April for single family homes in Greater Victoria must be viewed in context. "The sale of numerous high-priced homes in any given month can have a significant impact on the overall average price and it’s important to note that the median price for single family homes in April was considerably lower at $489,000; the six-month average was also lower at $538,534." McIvor noted that over 21% of single family homes in April sold for under $400,000. "The strong sales and robust prices that we are seeing so far this year are indicative of continued public confidence in the underlying strength of the real estate market," added McIvor. The average price for all condominiums sold in April was $318,601; the average for the last six months was $315,646. The median was again lower at $272,500. The average price for townhomes last month was $392,881; the average for the last six months was $386,172. The median was $352,500. The number of properties available for sale on MLS® continued to increase. There were 3,305 properties listed at the end of last month, up 26% from the 2,627 properties in the same month a year ago. MLS® sales last month included 522 single family homes, 238 condominiums, 71 townhomes and 18 manufactured homes. Summary Report and Graphs Monthly Sales Summary
Average Selling Price Graphs
Active Listings, New Listings and Sales Graphs |