Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria and Vancouver Island listings and sales in August 2016.
In August 2016, there were 380 sales of single family homes and 533 active listings in Greater Victoria. The benchmark sale price was $610,400 with an average days on market of 33. The hottest market for sales was Saanich East with 81 sales. There were also 31 sales and 183 active listings at the end of the month for waterfront homes.
In comparison, the Condo market had 265 sales, 292 active listings at the end of the month. The benchmark sale price was $356,900 with an average days on market of 27. The hottest market for sales was Victoria, 103 sales.
Townhome sales were 73, active listings were 114 and the benchmark sale price was $476,400. The average days on market were 28, and the hottest market was Langford with 22 sales.
It’s a seller’s market in Victoria.