Below is the Victoria Average Price Graph, released recently for September 2011.
Real estate sales activity softened throughout Greater Victoria last month with a total of 458 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from 542 sales in August. Sales last month were, however, 16 per cent higher than the 395 sales in September of last year. Prices, meantime, remained mixed depending on the proeprty type.
To quote the Victoria Real Estate Board:
"Victoria Real Estate Board President, Dennis Fimrite, noted that the overall market remains stable despite some easing of sales in September. “There has been some softening in activity over the last year with the number of sales so far this year running about 10 per cent below last year’s levels. However, sales during the last two months have been higher than in August and September of last year and we anticipate stable market conditions for the balance of this year.” Fimrite noted that despite economic uncertainty, interest rates remain very attractive and this is positive news for buyers."
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