market reports: Victoria BC Real Estate Sales Soften in April 2011, Prices Remain Steady
- 05/03/11 04:04 AM
As sales in Victoria softened in April but prices remained steady, townhouses and condos showed an increase. The Victoria Real Estate Board President commented that the steady prices reflect ongoing stability in the market. Tighter credit conditions and an anticipated higher mortgage rate have had a subtle effect on the market, with prices expected to remain flat and stable, at least for the time being. The average price for a single family home in April was $615,533, with the median price at $556,000. The number of sales over $1 million was 18. The average price for condos was $353,858 with … (0 comments)
The number of homes and other properties sold throughout the Victoria surged in February compared to January and remained well above the number of sales in February of last year. A total of 621 homes and other properties sold in February through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from the 418 sales in January and 403 sales in February of last year. Prices for single-family homes and condominiums softened somewhat while prices for townhomes rose slightly. Victoria Real Estate Board President, Randi Masters, says February’s figures demonstrate continued strength in the market. "There … (3 comments)
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