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Category Archives: MLS Sales Stats

Market Activity Follows Traditional Real Estate Cycle in Greater Victoria

Written on April 2, 2013 at 2:47 pm, by

Greater Victoria’s real estate market is following tradition with a spring upswing in activities with month-over-month increases in showings, new listings and total sales. The Victoria Real Estate Board reports a total of 483 sales processed through the Multiple Listing Service (MLS®) in March 2013, an increase of 23% over the previous month. Sales figures  Continue Reading »

Victoria’s Feb 2013 Average House Price of $463,265 Is Virtually Unchanged From Feb 2012

Written on March 15, 2013 at 1:54 pm, by

BC Real Estate Association reports that February BC home sales continued at modest pace & pent-up demand is growing. Victoria’s February 2013 Average House Price of $463,265 is virtually unchanged from 2012’s average of $464,570 (down only -0.3%) and our listing volume has only increased 4% over February 2012 to 3,252 overall residential listings, even  Continue Reading »

Spring Perks Up Greater Victoria Real Estate Market

Written on March 3, 2013 at 10:18 am, by

VICTORIA BC – The Victoria Real Estate Board reports a total of 394 sales were processed through the Multiple Listing Service (MLS®) in February, an increase of 34% over the previous month. The highest activity was in single-family homes and condominiums. Compared to February 2012, sales were down by 18.26%. Shelley Mann, President of the  Continue Reading »

Sales Down but Prices Hold in Greater Victoria Real Estate Market

Written on February 1, 2013 at 4:14 pm, by

VICTORIA BC – A slow start to the year in Victoria’s real estate market is evidence that buyers are continuing to wait for prices to drop. Although January 2013 sales are 27% lower than January 2012, the six-month average price for a Greater Victoria home is only down 1% for the same period. “We are  Continue Reading »

2012 Ends on a Steady Note for Victoria Real Estate Market

Written on January 2, 2013 at 10:20 am, by

VICTORIA BC – Victoria’s real estate market ended 2012 with relatively flat pricing when compared to 2011, along with similar sales numbers for the third consecutive year. Total MLS® sales in December 2012 were 283, a 17% decrease over December 2011 when 339 units sold. A different picture is told, however, when comparing full years,  Continue Reading »

Victoria Real Estate Sales Slow but Steady in Buyers’ Market

Written on December 13, 2012 at 10:01 am, by

VICTORIA BC – While the number of single-family home sales has held relatively steady over the last three months, Greater Victoria REALTORS® are noting a year-over-year decrease that coincided with tighter mortgage regulations imposed in July of this year. Amortization periods were reduced to 25 years for high-ratio buyers – those with less than 20%  Continue Reading »

FEDERAL MEASURES MAKE IMPACT ON VICTORIA REAL ESTATE MARKET

Written on November 1, 2012 at 3:26 pm, by

VICTORIA, BC—While prices held steady through most of the Greater Victoria region’s real estate market in October, government lending regulations have had the desired “cooling effect” on year-over-year sales numbers. Total MLS® sales for October 2012 were 373 compared to 483 in October 2011. During the month, 211 single family homes sold throughout the Victoria  Continue Reading »

Victoria Real Estate Market at a Standoff as Prices Remain Steady

Written on October 1, 2012 at 3:52 pm, by

VICTORIA BC – REALTORS® across Vancouver Island are experiencing a “wait and see” attitude amongst buyers and sellers alike. The result? Prices remain steady but sales numbers are down in some categories. Total MLS® residential sales for September 2012 were 400 compared to 435 in September 2011. During the month, 216 single family homes sold  Continue Reading »

A STEADY, FLAT REAL ESTATE MARKET CONTINUES IN GREATER VICTORIA

Written on September 4, 2012 at 3:39 pm, by

VICTORIA, BC— The August real estate market continues to be steady and flat, considered by the Victoria Real Estate Board to reflect the “wait and see” attitude its Member REALTORS® are hearing from the buying public. Total MLS® residential sales for August 2012 was 462 compared to 542 for the same period in 2011. During  Continue Reading »

Activity Continues in Favourable Victoria Real Estate Market Conditions

Written on August 1, 2012 at 11:29 am, by

VICTORIA BC – Real estate activity continues to be steady in Greater Victoria, reflecting favourable conditions attributed to stable pricing, low interest rates and good selection. Total MLS® sales for July 2012 were 523 compared to 523 for the same period in 2011. During the month, 293 single family homes sold throughout the Victoria Real  Continue Reading »