Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in January 2017.
In January 2017, there were 184 sales of single family homes and 3382 active listings in the Greater Victoria. The benchmark sale price was $636,100 with an average days on market of 34. The hottest market for sales was Langford with 45 sales. There were also 9 sales and 128 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 170 sales, 203 active listings at the end of the month. The benchmark sale price was $377,900 with an average days on market of 34. The hottest market for sales was Victoria, 34 sales.
Townhome sales were 43, active listings were 65 and the benchmark sale price was $509,500. The average days on market were 47, and the hottest market was Langford with 11 sales.
It’s a seller’s market in Victoria.